What kind of server do you have right now? Do you struggle with performance?
Also where do you host your server right now?
A server with 4GB and 2CPU's should be able to handle this just fine, at least it does that for most of my websites. If you're not sure you can always take a tier higher
1500 is not that much and your server should be able to handle that kind of load.
One more CPU would nice though.
I suggest you add some throttling to your requests if you haven't already done that.
Then you should check the number of requests generated by your elooquent. The fewer queries to the database for each request is better.
(number of CPU cores / Average Page Response Time in seconds) * 60 * User Click Frequency in seconds = Maximum simultaneous users
You can then calculate how much you need. However you need to gather some data first. It's really hard to tell you what server you need at this point. But upgrading one tier should never harm your server ;)