Prediction: Ethereum Will Be Worth $5,000 in 1 Year

Ether (CRYPTO: ETH), the native token of the Ethereum blockchain, generated massive gains for its earliest investors. If you had invested just $100 at its earliest trading price of $0.75 10 years ago, your investment would be worth more than $500,000 today.With a market cap of $450 billion, it's now the world's second-most valuable cryptocurrency after Bitcoin (CRYPTO: BTC). Yet the bulls believe Ether could soar even higher from its current price of about $3,800. Standard Chartered (OTC: SCBF.Y) expects it to nearly double to $7,500 by the end of this year and more than triple to $25,000 by 2028. VanEck's Matthew Sigel and Patrick Bush expect it to reach $22,000 by 2030, while Ark Invest's Cathie Wood sees its price soaring as high as $166,000 by 2032. We should take those rosy estimates with a grain of salt, but I believe Ether has a clear path toward reaching at least $5,000 within the next year for three simple reasons.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool