Eth Price What Will Happen..!

As I’m writing this post ETH is at $720 with a total valuation of approximate $69 billion as seen on coinmarketcap.

The price surge we’ve seen in the last days and weeks is thrilling.

We went from $330 to $720 in 30 days, that’s an increase of 120%.

But the bullrun won’t last forever.

We might see a correction coming EOY or at least we’ll find a new support level where we consolidate.

But what’s the outlook for ETHs price in 2018? And what would be the katalysts driving the price upwards?

DApps Several DApps will go live in 2018, running thousands of contracts using ETH as gas to fuel their systems.

ETH Futures It is more or less still a rumor that ETH will be traded on traditional markets just like Bitcoin, but will come eventually.

Hardcap The Ethereum dev team is discussing to cap the total supply of ETH to anywhere between 102 and 120 million ETH. This would not only make it finite and scarce, it would also stop the "money printing" arguments.

ETH sinks/burning The dev team around Buterin are discussing to implement “ETH-sinks” and burning ETH with contracts as a method to regulate supply and inflation.

Scaling solutions 2018 Ethereum will address the main problem of blockchains: scaling. Several projects like Truebit, Raiden, Sharding, POS and Plasma are all being developed actively and some are even deployed on the Testnet.

Proof of Stake The switch from mining (PoW) to POS is the hottest topic for ETH in 2018 since it will not only make the network quicker and safer, it will also pay 2-8% annual dividends to stakers all while saving massive amounts of energy.

With all the above mentioned points I’m thinking that ETH will have a successful 2018.

ETHs market cap is currently nearly double the market cap of the whole crypto market from January 2017.

I think everything below $2000 per ETH EOY 2018 is an understatement.