Yes – for sure. It is very possible. In fact, this seems to be the most realistic scenario – this figure is a good prediction to start with.
Currently, the Ethereum token’s price is $746 – the coin has demonstrated a rapid growth during the last few weeks given the general positive trend dominating the whole cryptocurrency market.
Ether started this year at around $8….I mean 8 US dollars, can you believe that? That’s a 9200% return. For comparison, Bitcoin has generated a 1900% return at one point this year, and people were very impressed. For Ethereum, the return is astronomical.
However, it doesn’t necessarily mean that Ethereum will gain over 5000% or even over 1000% by the end of 2018. If we look at the current rate, we can see that Ethereum may double its price every few months. This is what has happened since June when Ethereum came back from a sudden crash in which it lost 99.99% of its price for a few seconds. That event actually hit Ethereum’s reputation and credibility, which stopped the sharp growth that was happening at that time.
Ethereum briefly crashed from $319 to 10 cents in seconds on one exchange after ‘multimillion dollar’ trade
So, if Ethereum would double its price every few months, which is happening right now, it can easily hit $3,000 by the end of the next year. It also depends on the general mood of the cryptocurrency market. If the whole crypto market grows, then Ethereum will reach that target for sure. However, if the governments and central banks will show opposition, the price might go down.
Anyway, to give you a short answer – yes, Ethereum can do that for sure.