By George Prior via Iris.xyz

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’s leading art-tech agency that he established with renowned art dealer, Stephen Howes, comes as the world’s second largest cryptocurrency failed to break the $208 and $210 resistance levels against the U.S. dollar.

Mr Mcleod observes: “Ethereum’s price has been in bear territory for a few weeks, with prices declining dramatically.

“But it can be expected there will be a trend reversal between now and the end of the year.  Once back in bull territory, there will be a dramatic upswing with considerable gains.
“It would be reasonable to believe that Ethereum will hit $500 by the end of 2018 and go on an overall upward trajectory throughout 2019.”

He continues: “Much 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.

Click here to read the full article on Iris.

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