Ether prices have surged this year, but where do leading analysts and market observers believe they will go next?
Ether prices are on the move, and they’re headed north.
The cryptocurrency, which powers the world’s second-largest blockchain, ethereum, has seen its price rise more than 3,000% year-to-date and roughly 180% in the last month, according to data from CoinMarketCap.
Yet, amid this rise, and increase in investor attention, many are wondering how the digital asset’s price will perform going forward. That answer, though, may not be exactly clear.
When polled, crypto market analysts provided mixed opinions. Some asserted that ether could experience significant upside in the future, even going so far as to suggest its market capitalization (market cap) could surpass that of bitcoin, long the market’s progenitor and leader.
Others, however, warned that ether’s price may have become inflated as the broader cryptocurrency space has drawn robust inflows.