This Ethereum price prediction is about the long-term growth potential of ether.
Can the world’s second largest crypto currency maintain or even improve its position in the next 5 years? What are the arguments in favour, what are the arguments against?
The future potential of Ethereum could be enormous. Some voices also speak of Internet 3.0, the Internet of values, the Internet of tomorrow. Considering the possibility of creating your own dApps and DAOs on the platform, that’s not that far-fetched.
For the preparation of the Ethereum forecast it is important to get a short overview of the most important data about the crypto currency. Ethereum was founded in 2015 by the Russian-Canadian developers Vitalik Buterin and Charles Hoskinson. Etherum is the second largest crypto currency in the world in terms of market capitalization. An overview of the current market prices can be found, for example, at Etoro.
Ethereum is considered the second generation blockchain. Crypto currencies like Bitcoin, which are called first generation blockchains, are mainly used as money value storage and transfer systems.
Ethereum proponents, on the other hand, believe that the blockchain can do much more than that and see it as the future of the Internet. The Ethereum Blockchain was the first to integrate Smart Contracts, enabling the creation of decentralized applications (dApps).
The fundamental potential
It is difficult to predict the future of a venture. It is quite possible to consider plausible interpretations of possible future developments based on a company’s roadmap. However, they remain in the realm of speculation. Ethereum enables its customers to develop their own decentralized applications (dApps) and even entire decentralized, autonomous organizations (DAOs). What this can mean will be illustrated by three application examples that have already been implemented.
KYC-Chain for companies
KYC is an initial word which stands for “Know-Your-Customer”. This…