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‘Ethereum Price Will Reach $15,000 This Year,’ Says Reddit’s Alexis Ohanian

Article by Bhushan Akolkar

Ohanian says that the flexibility that the Ethereum platform provides its developer to build decentralized applications makes it to be a bigger bet over Bitcoin.

Alexis Ohanian, the co-founder of Reddit believes that Ethereum will carve out a similar success story this year the way Bitcoin did in 2017. Bitcoin surged from $1000 at the start of 2017 while to go make a high of $20000 in mid-December, similarly, Ethereum which is currently trading at $716.20 (according to CoinMarketCap) will rise till $15000 levels, says Ohanian.

This means that Ethereum will surge to uproot Bitcoin from its number 1 position with its market cap going into trillions of dollars. Ohanian is no more involved in Reddit’s day-to-day operations and now a full-time investor working at his own venture capital firm Initialized Capital which he founded six years back in 2012.

Ohanian made this Ethereum prediction during a recent interview with Fortune, where he said that the Ethereum project has certainly a lot more potential than any other cryptocurrency project existing currently. He also said that Ethereum certainly provides developers the flexibility to create blockchain applications, which is now being realized and hence there is every possibility that it could rise faster than Bitcoin this year. 

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