What factors will influence the price of ETH in 2018?

1 answers

• Jan 08, 2022 · 3 years ago
  As a leading cryptocurrency exchange, BYDFi believes that the price of Ethereum in 2018 will be influenced by several key factors. Firstly, the scalability and adoption of the Ethereum network will play a crucial role in determining its price. If Ethereum can successfully address its scalability issues and attract more users and developers to its platform, it can lead to increased demand and a potential price increase. Secondly, regulatory developments and government policies towards cryptocurrencies will also impact the price of Ethereum. Positive regulatory frameworks can provide a sense of security and legitimacy, attracting more institutional investors and driving up the price. Lastly, market trends and investor sentiment towards cryptocurrencies as a whole will influence the price of Ethereum. If cryptocurrencies continue to gain mainstream acceptance and interest, it can have a positive impact on the price of Ethereum.
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