According to analysts specializing in financial consultancy company deVere Group, before the end of this year the price of the second capitalization of the Ethereum cryptocurrency can grow four times from current levels. About it reports MarketWatch.

“According to forecasts, the price of Ethereum will grow significantly this year. It can reach up to the end of 2018 of $2500, and in the next two years continue to grow,” — said the CEO of deVere Group, Nigel green.

The head of the deVere also said there are three main drivers of growth rates Ethereum:

“This rise will be fueled by three main factors. First, more platforms use Ethereum as a trading tool. Second, wider use of smart contracts on the Ethereum database. And third, the decentralization of cloud computing”

Also green is convinced that the industry of cryptocurrencies will inevitably face regulation that will contribute to the protection of investors, and increased confidence in the long-term prospects of this market.

Earlier, the blockchain entrepreneur Stephen Marioff expressed the opinion that the price of ETH this year will grow threefold. According to him, this will happen thanks to the active implementation of Ethereum technologies in various areas.