Technical Experts Predict Ethereum's Growth

The price of Ethereum will increase significantly when smart contracts can accept external data.

Such assumptions were made by technical expert Ian McLeod from the art-technological agency Thomas Crown Art.

Ethereum is returning to bullish territory and is expected to achieve even greater success by the end of the year. I expect its price to reach $500 by the end of 2018 and continue its overall upward trajectory throughout 2019. 

The price of Ethereum, indeed, jumped 4% on Monday to $210.

McLeod says that oracles will provide Ethereum with “an entirely new phase of mass adoption.”

 Oracles are trusted data channels that deliver information to a smart contract, thereby eliminating the need for smart contracts to directly access information outside their network. Oracles are required when you need data that you don't want (or can't) retrieve yourself. Typically, they are provided by parties authorized by the organizations that use them. The price of Ethereum is expected to skyrocket when smart contracts on the Ethereum network receive reliable and trustworthy information through oracles.

Last month, McLeod said that Bitcoin will lose 50% of its market share to Ethereum within five years.

Ethereum has already been ahead of Bitcoin in everything except price for several years, and this gap will become increasingly apparent as more and more investors enter the crypto market.

According to businesscloud.co.uk