Ethereum Price Set to Double Now, Says Analyst Who Forecasted $5,000 Bitcoin by 2018

Bitcoin will reach a price of $5,000 per token in 2018 and $50,000 in 10 years.

Ronnie Moas claimed that rival currency Ethereum is also likely to increase by twofold to reach $400 during the year.

Moas also forecast that the price of the digital currency Litecoin will increase by twofold to $80 per coin.

Moas issued a list of the digital currencies and their market caps. Based on the list, the top 20 currencies include Bitcoin, Ethereum, Ripple, Litecoin and NEM.