By George Prior via Iris.xyz
The art world will help drive up prices of cryptocurrency Ethereum, taking it to $500 by the end of the year, affirms an influential tech expert and business analyst.
The comments from Ian Mcleod, from Thomas Crown Art, the world’s leading art-tech agency that he established with renowned art dealer, Stephen Howes, comes as the world’s second largest cryptocurrency failed to break the $208 and $210 resistance levels against the U.S. dollar.
Mr Mcleod observes: “Ethereum’s price has been in bear territory for a few weeks, with prices declining dramatically.
“But it can be expected there will be a trend reversal between now and the end of the year. Once back in bull territory, there will be a dramatic upswing with considerable gains.
“It would be reasonable to believe that Ethereum will hit $500 by the end of 2018 and go on an overall upward trajectory throughout 2019.”
He continues: “Much of the expected price rises will be fuelled by an increasing number of sectors including real estate, antiques and finance, using Ethereum and its superior blockchain technology.
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