The No. 2 crypto on the planet is extending its surge into rarefied territory, and that momentum has at least one crypto expert speculating that Ether prices could hit $5,000 within a week.
“Ether is one of the main beneficiaries in the wider explosion in the cryptocurrency market,” wrote Nigel Green, chief executive and founder of deVere Group, in a Monday note.
“The boom over recent months has been fueled by soaring interest from major institutional investors and growing recognition that borderless digital currencies are the future of money,” the CEO said.
“This momentum is likely to build further in the near-term and I believe Ether will hit $5,000 within seven days,” he forecast.
At last check, Ether
the asset that runs atop the Ethereum protocol, was changing hands at $3,237, near an all-time peak, according to CoinDesk data.
The surge for Ether comes as bitcoin