Ethereum surely has a great potential to go above and beyond Bitcoin in terms of their market cap.
The prognosis for ethereum’s rise looks optimistic considering few key elements that contribute to it:
-Mining ether tokens are cheaper. Less electricity is used for mining, it is also stronger and has a lot of other alternatives to choose from rather than just making simple financial transactions.
– It seems thatis a lot more flexible which allows new platforms for making smart contracts, leading to fast changes in the price growth.
– Another reason why ethereum price will rise is the new plan to switch from Proof- of-work based mining to Proof of Stake mining, where the creator of a new block is chosen in a deterministic way depending on its wealth, and then the miners take the transaction fees.
That said, shifting to POS mining will decrease inflation and tokens will value a bit more than now.
Basically, Ethereum has all the needed conditions to hit the 1000$ mark and even more.
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