{"id":135748,"date":"2018-10-19T12:35:36","date_gmt":"2018-10-19T16:35:36","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=135748"},"modified":"2018-10-19T12:15:52","modified_gmt":"2018-10-19T16:15:52","slug":"art-world-will-help-fuel-ethereum-price-to-500-this-year","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/10\/art-world-will-help-fuel-ethereum-price-to-500-this-year\/","title":{"rendered":"Art world will help fuel Ethereum price to $500 this year"},"content":{"rendered":"
October 19, 2018<\/div>
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By George Prior<\/strong><\/p>\n

The art world will help drive up prices of cryptocurrency Ethereum, taking it to $500 by the end of the year, affirms an influential tech expert and business analyst.<\/p>\n

The comments from Ian Mcleod, from Thomas Crown Art, the world\u2019s leading art-tech agency that he established with renowned art dealer, Stephen Howes, comes as the world\u2019s second largest cryptocurrency failed to break the $208 and\u00a0$210 resistance\u00a0levels against the U.S. dollar.<\/p>\n

Mr Mcleod observes: \u201cEthereum\u2019s price has been in bear territory for a few weeks, with prices declining dramatically.<\/p>\n

\u201cBut it can be expected there will be a trend reversal between now and the end of the year.\u00a0 Once back in bull territory, there will be a dramatic upswing with considerable gains.<\/p>\n

\u201cIt would be reasonable to believe that Ethereum will hit $500 by the end of 2018 and go on an overall upward trajectory throughout 2019.\u201d<\/p>

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He continues: \u201cMuch of the expected price rises will be fuelled by an increasing number of sectors including real estate, antiques and finance, using Ethereum and its superior blockchain technology.<\/p>\n

\u201cThe art world is likely to be one of the biggest adopters as blockchain can authenticate artwork.\u00a0 It\u2019s an ideal use-case for distributed ledger technology as it offers the ability to store a permanent, immutable record of artwork at the point of creation which can be used to authenticate registered works by any party.”<\/p>\n

He goes on to add: \u201cNot only is Ethereum a fundamentally strong digital asset, its blockchain provides workable, tangible solutions for many sectors, it solves problems, and enhances existing systems.\u201d<\/p>\n

Last month, Mr Mcleod told the media: \u201cWe can expect Bitcoin to lose 50 per cent of its cryptocurrency market share to Ethereum, its nearest rival, within five years.<\/p>\n

\u201cEthereum is already light years ahead of Bitcoin in everything but price \u2013 and this gap will become increasingly apparent as more and more investors jump into crypto. \u201d<\/p>\n

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By George Prior The art world will help drive up prices of cryptocurrency Ethereum, taking it to $500 by the end of the year, affirms an influential tech expert and business analyst. The comments from Ian Mcleod, from Thomas Crown Art, the world\u2019s leading art-tech agency that he established with renowned art dealer, Stephen Howes, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-135748","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/135748","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=135748"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/135748\/revisions"}],"predecessor-version":[{"id":135749,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/135748\/revisions\/135749"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=135748"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=135748"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=135748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}