ICOs Sales Have Put A Huge Selling Pressure on ETH

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 that Ethereum is 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.