ChangeNOW, a leading instant crypto exchange service, always keeps you updated on the latest news about crypto and blockchain. Today, we would like to deliver a solid Ethereum price prediction, based on market analysis, community opinions and other analytical projections.
What is Ethereum?
Ethereum is an application development platform built on decentralized blockchain technology. The cryptocurrency is called ether. It is a popular investment choice and many people are looking for Ethereum price predictions. Ether is used as a circulating payment instrument. However, in addition to payments, it is used by application developers to pay commissions and service fees.
Any centralized system and application can be decentralized using Ethereum. The simplest examples include loans and borrowings or voting process. No one, even the creator of the application, could change the confirmed transactions. This eliminates any possibility of fraud. People who follow Ethereum news know that new dApps are coming to market every day and the platform becomes more and more popular.
What happened to Ethereum Price?
The Ethereum network began operations on July 30, 2015. It currently ranks second in market capitalization among digital currencies. Ethereum price has fluctuated significantly after the launch and up to this day. For Ethereum, the periods after the forks and overall market crisis were challenging and signified the drop in Ethereum market price. Except for these periods, Ethereum market price was one of the most stable and steady growing among the altcoins.
In terms of price fluctuations, the whole cryptocurrency market had a difficult year. It wasn’t easy for Ethereum either. Since the last quarter of 2018, ETH price has fallen by about 93% from its historic high, dropping to a 17-month low.
This Ethereum price analysis chart will help you to create a clear picture of Ethereum historical price trends.
Ethereum Price Prediction 2019
Generally speaking, many experts make Ethereum price prediction where ETH price will increase proportionally with the blockchain distribution. The platform has a recognizable name and trusty development team, what else would you need to succeed?
Now we see how a huge number of new projects based on the Ethereum platform emerges, it is widely covered by the news resources of the relevant profile. The more Ethereum news there is, the more people know about this currency. The more of them become interested in the platform, the more growth we will see in Ethereum future value. To tell the truth, it does resemble a financial bubble. However, it should be realized that, although the Ethereum forecast looks optimistic, it could become real only in the long term.
Trying to make a plausible prediction of the Ethereum future price is liking shooting in the dark. No one can have an exact answer to the question of what Ethereum 2020 price will be. Investors, traders, analysts can only speculate on the future Ethereum price. However, many analysts carefully predict 40-50% growth in ETH price by the end of 2019.
The main problem of the Ethereum is that it is not yet used for ordinary payments. Thus, ETH market price is hyped up by trading and on stock exchanges. Ethereum is not used as a payment system and has no support from the everyday usage of the funds. Until this problem is resolved ETH future price remains unclear.
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