Within a year, Ethereum can surpass a $2500 price for a long strategy with medium to high risk. However, there are some contingencies. One of them is the possibility that EOS, one of the biggest hosted ERC20 tokens doesn't crash by then. John Oliver put it best, EOS is an application for building DAPPs hosted on an application meant for building DAPPs. The fact that they are hosted on the Ethereum blockchain and don't entirely rely on their own infrastructure seems problematic. Also they raised nearly 2 billion dollars without even having an entirely finished product. It doesn't seem to be entirely decentralized, is talked about badly by old BTC community members and seems to have a "VC" that bypasses regulations before they even have their own full product out there. Not saying EOS is a scam, or that they are a bad product. However, one of the contingencies is that if EOS is a bubble that is gonna eventually burst, Ethereum would have a hard time surpassing $2500 if that happened beforehand. Another problem that can occur are certain regulations that may effect Ethereum country wise. This may also become evident in the South Asian market.
I think you pretty far off with just about everything you say in this post... EOS is and ERC20 token now but they will be launching their own main-net / platform very soon. At that time the ERC20 Tokens will no longer be in use and they will switch to EOS tokens (on EOS's platform). If you look into it, there is a very good chance it will be much more decentralized than Ethereum or Bitcoin (due to mining pools vs. DPOS). They've had Dawn 3.0 out for a while now and all the developers I've heard from are very impressed. I also think that you are way off thinking that EOS is a bubble AND that if it bursts, that would somehow actually hurt Ethereum (it would most likely help it). I think the best chance Ethereum has to hit 2500+ is if EOS and TRON and VeChain etc... went down in value significantly due to technical issues since they are all competitors to Ethereum working on solving the scaling issue. John Oliver is probably the last person I'm going to take investment advice from... well maybe aside from you haha jk I'm not trying to be a dick but I do want to help steer you in the right direction or at least get you to think about this from a different angle. Just do some more research!
gamer456148
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@GavinCarroll, the fact that they were an ERC20 token to begin with will affect the price of Ethereum. This is due to market cap and trade volume. Even if or when EOS launches there main net, the fact that they started as an ERC token to begin with, will obviously have some ramifications to the market. (Either direct or indirect).
GavinCarroll
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@gamer456148, I agree, however I think the competition factor is so great that it overwhelms the fact it's ICO was conducted through an ERC20 token. It is better for Ethereum if EOS fails to deliver. They simply raised capital utilizing the Ethereum network for their ICO. Which is why the ERC20 tokens will be worthless after main net launch except to exchange for EOS's native token.
gamer456148
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@GavinCarroll, Don't think that is how it will go down, especially with an 11 billion dollar market cap. This may also affect how traders look at other ERC20 tokens, but only time will tell.
GavinCarroll
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@gamer456148, there have been plenty of garbage and scam erc20s already and Ethereum is fine. The tokens work exactly as Ethereum smart contract intended
GavinCarroll
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@gamer456148, good point I just thought about too... Regardless of what happens in the future EOS has pretty much been the most successful ICO ever. Not talking about anything else just the ICO part. If anything that should make Ethereum look great (as a platform to raise capital) regardless. More projects choose to ICO on Ethereum the more demand there will be for Ether. If EOS is a game changer everyone will want to ICO on there making Ethereum suffer. If EOS does poorly people go back to Ethereum ICO boosting Ether. I honestly think this is more likely but you ate correct, only time will tell.
gamer456148
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@GavinCarroll, Not how I look it from an economic standpoint, and not many garbage ERC20s even passed a $10 million dollar market cap, yet alone $11 billion. Only the future will see what happens to EOS, but no too optimistic.
GavinCarroll
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@gamer456148, you do realize it's open source and on GitHub with a huge amount of tested code right? Like if it was garbage people wouldn't pump more into it than any ICO ever. Dan already created the two Blockchains with most transactions (Steemit and Bitshares) and they trade successfully. I'm sorry I'll stop after this post but I'm very optimistic about EOS. I think it has hundreds of billions in potential. Some of the best tech entrepreneurs in the world will be using that ICO money to fund Dapps exclusive to EOS. Buy a little in case you're wrong. One of the airdrops could become the next big thing too so make sure to register them. Just some humble advice from someone who does research on every coin he comes across and has been following this space heavily since 2013.
@gamer456148, the year long ICO helps prevent centralization. All the excess money will be used to develop dapps. I saw tons of red flags at first too but I investigated them and found that there was a well thought out plan and great reason for everything they are doing. My only real concern is inflation but it is up to 5% not fixed and will.be voted on. If it helps grow the platform like Amazon grew with reinvestment I'm all about it. We'll see how it plays out. Please keep mind a lot of very smart people have a lot of money in this. You don't raise this much capital without some serious whales and they are doing some very thorough due diligence.