Ethereum Could Almost Double its Price This Year: Analyst

pic.twitter.com/5dJUwuKjYt— Jacob Canfield (@JacobCanfield) May 15, 2019There is, of course, the potential for Ether to reclaim its all-time high.

In the financial world, the US Commodity Futures Trading Commission is reportedly looking forward to launching Ethereum-backed derivatives, which would serve as a gateway to institutional investments.Mike Novogratz, the billionaire chief executive of US-based Galaxy Digital, favored Ethereum for its technical capabilities as a public blockchain network.

Bitcoin is really establishing itself as a store of value.

I see the on-ramps for institutions who now believe its a store of value who are coming in Bitcoin is going to stay for a while because that’s where the institutions are going to start.”The combination of both technical and fundamental factors strengthened Ethereum’s bull case in the long run.