What will be the high price of Ethereum after 2022?
Ethereum price predations
Ethereum is a platform that was created in 2012 by a cryptocurrency expert called Vitalik Buterin. Ethereum has been a growing star among cryptocurrencies ever since, and this is because Ethereum does not function only as a currency like some other popular cryptocurrencies such as Bitcoin. Ethereum can also be used to develop new kinds of online markets and applications using Ethereum's own blockchain technology.
Ethereum itself is powered by a token called Ether, which was originally launched on Ethereum's network as an ICO in 2014. Ethereum the currency has had exponential growth of over 25000% during 2017 and it reached its all-time high price of $1423 on January 13, 2018. However, Ethereum is also a very volatile currency, and Ethereum's price can also decline rapidly. Ethereum has been slowly declining from the January 2018 high point to about $400 as of July 2018.
This decrease in Ethereum's value might make you wonder what will be Ethereum's price after 2022?
To answer this question, we first need to understand why Ethereum is valuable and how Ethereum is different than Bitcoin.
Ethereum has some major advantages over Bitcoin, the biggest one is Ethereum's ability to use so-called smart contracts. Smart contracts are computer protocols that facilitate, verify, or enforce the negotiation of a contract. Ethereum's smart contracts can be used to do reduce labor costs and improve transactional security when combined with cloud computing, they also offer a way for individuals and companies to enter into "trustless" transactions where two or more parties without trust in each other can trade Ethereum securely. Ethereum's smart contracts are going to be the major driver of Ethereum's future growth.
The Ethereum blockchain is a decentralized computing platform that was built on top of a blockchain network. Ethereum can be used to build decentralized applications and Ethereum enables users to form "decentralized autonomous organizations". Ethereum's blockchain technology cannot be censored or changed by anyone central authority, Ethereum was designed from the ground up for a computer programmer rather than a banker.
Ether is Ethereum's token, it is necessary in order to use Ethereum, and Ethereum's Ethereum technology can be used to create other cryptocurrencies too. The Ethereum cryptocurrency has the second-largest market capitalization after Bitcoin, it is currently worth $42 billion compared to Ethereum's $45 billion market cap. Ethereum is expected to grow further in 2018, and this will increase Ethereum's value in the coming years also.