Can Ethereum Reach $5,000?
Ethereum (CRYPTO: ETH), the second most valuable cryptocurrency by market cap, now trades at a price of about $1,360. Getting to the $5,000 level would imply a gain of more than 375%.
That might sound overly optimistic, especially given the current market environment for cryptocurrency, but it's certainly not out of the realm of possibility. After all, less than 12 months ago, Ethereum touched an all-time-high of $4,892.
For Ethereum to retrace the path back to $5,000, a few key things will need to happen over the next 12 to 24 months. Here's a closer look at three key factors to consider.
Source Fool.com
