Talking about ETH price reaching anywhere close to a thousand bucks a year ago would have been more than a laughable topic but after some recent developments and great media coverage, this task does not seem to be out of the realm of possibilities any longer. If you think about the enormous potential that blockchain technology has under its hood then this value-range seems modest, however, we do not hold any secret knowledge to the future predictions and cannot tell you for a fact where it will end up. We are going to take a speculative look at some favorable reasons that could help with Ethereum blockchain's value-token seeing the price heights of $1,000 and above.
Aragon Co-Founder's Thoughts About Ethereum
To be fair then anyone can shoot out a number and follow it up with a few reasons that favor it. Ethereum blockchain has big potential to attract bigger monetary value for the value-token due to the progressive capabilities of this network. Aragon's Co-Founder, Mr. Cuende, thinks that price should see reaching the threshold of $1,000 and above due to what Ethereum blockchain can provide but it requires a few different things falling in line with each other. The network requires a big and reliable infrastructure for the DAPPs that is scalable in order to support millions of users simultaneously. Matter of fact, he says that network must be able to scale itself by at least 100 times. Besides these fundamentals, there are ICO's and now while nobody would argue that it is good for the short-term ecology then in the long-term some of them must see real-world applications with active user-base or the reverse effect will be just as fast.
Ethereum Enterprise Alliance
Think about the early days of bitcoin, do we need to remind you how the road was rocky? To stay honest, then due to the share volume of illicit materials being funded by bitcoin in its early days we would like to believe that even a bitcoin alliance would not have made that big of a difference... Ethereum, on the other hand, has seen much bigger acceptance from the governments around the world due to EEA. So we are not rushing ourselves here then we are not saying that Ethereum has been accepted already, it is more of an idea of acceptance that we see happening with this blockchain. Many countries have publicly stated that the way developers are being connected with big corporations is a favorable factor towards the mass adoption of Ethereum. Alliance is one of the favorable reasons towards ether reaching even higher price than it already has, if you would have asked Mr. Cuende a year ago whether he thought that value-token priced at $13 was expensive then the answer would have been a yes but now after he has learned the full potential of this network and seen how the world is warming up to the idea then he started to consider it cheap instead. We hope to see Ethereum blockchain revolutionizing our everyday lives and in result create a fair and secure digital world for everyone to experience.