ETH will reach $1500 this year Says Reddit Co-Founder

[Q2kc]

I just read from an Article on Cointelegraph about this guys prediction of eth price, I just want to know what is your opinion with his prediction, this guy is very confident about the price prediction, read the full article here: https://cointelegraph.com/news/reddit-co-founder-says-ethereum-price-will-reach-15000-this-year.




Update!

Sorry for the confusion, actually the Cointelegraph article did a mistake on writing $15,000 instead of $1,500, sorry for the inconvenience.

[butka]

I checked the article and one sentence caught my eyes. The guy claims that by the end of this year BTC will be something like $20K whereas ETH around $15K.
To my mind this is highly unrealistic. Look at the current ratio ETH/BTC=0.078 What could happen for it to jump nearly 10 times and go to ETH/BTC=0.75?
Not much. Unrealistic to say the least.

[RAJSALLIN]

I checked the article and one sentence caught my eyes. The guy claims that by the end of this year BTC will be something like $20K whereas ETH around $15K.
To my mind this is highly unrealistic. Look at the current ratio ETH/BTC=0.078 What could happen for it to jump nearly 10 times and go to ETH/BTC=0.75?
Not much. Unrealistic to say the least.

That was caught my attention too. We are still remember when bitcoin hit $19k back then, ETH only was $1.2k, so if ETH reached $15k as he said, bitcoin should be worth 10x times than their ATH or $200k. This prediction sounds impossible but it's not impossible in crypto.

[LeaderAMB]

I just read from an Article on Cointelegraph about this guys prediction of eth price, I just want to know what is your opinion with his prediction, this guy is very confident about the price prediction, read the full article here: https://cointelegraph.com/news/reddit-co-founder-says-ethereum-price-will-reach-15000-this-year

Now, many prediction about the price of ETH is giving, some said that ETH will reach $5,000; 10,000.... but indeed, we're hard to know exactly the price of ETH in the future although it's a good coin.
As far as prediction of Alexis Ohanian, ETH reach $15,000 in the end of 2018 such ETH market cap will be $2,500 billions and it will pass Bitcoin to become No.1 of the crypto market, this is too hard to happen in this time even in the next two years.
I think Nigel Green, CEO of independent financial consulting firm deVere Group predicted the price of ETH will reach $2,500 in the end of 2018 is more realistic.

[alani123]

Reddit is a website with millions in traffic but still not profitable, and is now alienating its user base due to introducing weird features that users coming to it find useless.

It has received cash injections and investments only to stay afloat for a couple of years but the prediction is that the more recent investments will also fail. I wouldn't take advice from this guy, he's about to be kicked out of his own company.

[Doctor.Strange]

$2000 is realistic, $15,000 is way too much.

[allcryptominer]

I checked the article and one sentence caught my eyes. The guy claims that by the end of this year BTC will be something like $20K whereas ETH around $15K.
To my mind this is highly unrealistic. Look at the current ratio ETH/BTC=0.078 What could happen for it to jump nearly 10 times and go to ETH/BTC=0.75?
Not much. Unrealistic to say the least.

I have to agree. It's impossible for ETH to reach $15k in 2018, heck we should even be glad if Bitcoin will reach $15k this year with a market that is right now.

[NaXxow]

I found out this article interesting, perhaps they bagged good amount of ETH that is why they are confident to say such speculations. But either way, BTC and ETH will bring crypto dreams into reality.

[onebtcforlife]

I found out this article interesting, perhaps they bagged good amount of ETH that is why they are confident to say such speculations. But either way, BTC and ETH will bring crypto dreams into reality.

I too agree with your statement but to reach $15000 is the too much high amount with the current supply of ETH, in future, there is a possibility because the market cap is kept increasing and many new people are showing a lot of interest towards the cryptocurrency.

[omonuyak]

I doubt about this analysis especially it relationship with bitcoin. How can ethereum get to $15,000 and bitcoin  $20,000 the ratio is should have been bitcoin  $200,000 and ethereum  $15,000. But I will still be happy if ethereum get to $15,000 before December this year as I am holding it. Bitcoin will be the greatest beneficiary of any coin advance and I don't think only ethereum will be going up and bitcoin will not be going up.

[LazyBitInvestor]

We should not forget that ETH Blockchain is the most popular and usable one for new ICOs and existing projects now. But 20k$ level is too high for ETH. In my mind, it is impossible that ETH price will be highier than 0.25 of BTC price.

[Cnut237]

If someone says that bitcoin will hit $20k and Ethereum will hit $15k, then I assume they are making a mistake and they mean that Ethereum as a whole (marketcap) will be 75% of bitcoin marketcap.

I may be wrong, but a prediction like this suggests that the person doesn't know what they are talking about. $15k for one ETH and $20k for one bitcoin would mean ETHs markrtcap dwarfing bitcoin's. Given how the market often moves as a whole, if ETH took off like that and became the clear number one, I strongly suspect it would drag other coin prices up too. It doesn't seem realistic that if ETH hit $15k then bitcoin wouldn't be dragged upwards too.

[bit..what?]

Somehow I can not imagine that. I do not mind, but I do not believe it. $15,000 for one eth, really crazy.
Maybe eth reach this price in some years, but not this year, I think.

[jackylion]

I do not think ETH will achieve such a high price. Long before ETH can achieve the price as BTC at this time. I think they will increase to 1000k as the maximum.

[Q2kc]

I agree with your opinion guys maybe $15,000 is impossible and $2,500 is possible this year, look at the price in the market Eth price is growing every day so that is a good sign, maybe this is the year for Ethereum

[starblocks]

If Bitcoin exceedes its all time high this year then Ethereum could follow along closely but $15,000 does seem a little disproportionate

That would put it on par for a flippening which doesn't seem likely

[hazukison]

Just so you know this was clearly a massive ETH shill, latest news is, what he actually meant was $1,500 lmao.

[eagleman]

Reddit is a website with millions in traffic but still not profitable

But it's profitable to him since he sold it already for about $10 Million - $20 Million so they don't mind if reddit is profitable or not.

I agree with your opinion guys maybe $15,000 is impossible and $2,500 is possible this year, look at the price in the market Eth price is growing every day so that is a good sign, maybe this is the year for Ethereum

That guy is spreading his own coin to be pumped by the world and he knows how to play the game and that's why he speculated that much for this year.
We are not convinced with too much predictions with bitcoin and of course this is not convincing either.

[auliahr]

I think his statement is quite reasonable, because there are many ico based blockchain ethereum at the moment and if we want to participate in ico then we must have ETH. The token ERC20 transaction must also use the gas to cover it and I think the demand for ethereum will increase which makes its price also rise.

[janggernaut]

I think his statement is quite reasonable, because there are many ico based blockchain ethereum at the moment and if we want to participate in ico then we must have ETH. The token ERC20 transaction must also use the gas to cover it and I think the demand for ethereum will increase which makes its price also rise.

Afaik much ICOs have been used ETH as their platform since last year, so why ETH didn't even reached $5000 or $10k? It's not reaosonable for ETH to reach $15k in the end year of this year.