Ethereum Price Prediction 2019
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.
Future Ethereum price is always almost unpredictable, as the whole cryptomarket is. Still, many experts have something to say about Ethereum future value, its falls and rises.
To understand where the Ethereum price is moving today, it is worth tracking its chart in recent years – it shows trends most clearly.
Ethereum Historical 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.
Ethereum price predictions for 2018
ETH rose more than 8800% in 2017, closing the last day of December at $712 — and this is not surprising, given the overall growth of the cryptocurrency market and positive ETH news. The price of the cryptocurrency has soared significantly by the end of the year, as most of the cryptocurrencies in the period of market growth.
At the beginning of 2018, the cryptocurrency continued its rally, breaking through to the level of 1397 dollars on January 14. Still, there was no answer on the question “Why is Ethereum going up?”. It was general insanity. On January 16, there was a serious market correction — by 18.5 percent.
On January 29, ETH rose again, trading at $ 1,250, but soon fell sharply to $ 697.95 on February 6 — the lowest price of all times times in 2018. That was the worst Ethereum news ever for many traders.
Then the ETH market recovered briefly, just to fall further, trading at $395 by March 30. After that, there was another brief recovery in May, trading at $816, still 42 percent below the price it was traded at on January 14.
The ETH market experienced two ups in February and May, but they were not enough to help against the correction of the dominant market that covered all cryptocurrencies.
This was the last significant recovery for ETH price in 2018, as the downtrend dominated for the rest of the year.
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.
Ethereum 2020: Price Prediction
At the beginning of 2020, the Ethereum rate should show a balance, such an Ethereum forecast should contribute to the expected events. In the middle and by the end of the year, the asset will be trading on the exchanges in the range of 1083.26 — 1177.04 USD per 1 ETH.
What do analysts say about Ethereum price forecast?
The famous crypto analyst Bobby Ullery uses a model based on the global economy in his ETH price forecast and the role that the distributed database technology will play in it. He is confident that the blockchain will take an important place in international trade and the financial sector, as well as penetrate into all areas of business related to the storage and processing of information.
According to Ullery, Ethereum will account for 25% of the total cryptocurrency market, which will be estimated at $4.5 trillion by 2020. Since the maximum number of ETH tokens is not limited, Ullery uses in his calculations the figure of 100 million, proposed by the creator of the cryptocurrency Vitalik Buterin. Thus, it turns out that the capitalization of Ethereum will be $1 trillion in 2020, so the cost of one token will be about $11,000.
For Bobby’s Ethereum future price prediction to come true, the coin must rise by 770% compared to its historic high of $1448. This figure does not seem unrealistic, as we remember that Ethereum grew by 10,000% in 2017.
For such a significant increase to occur, it is necessary to attract the capital of large companies, and this will largely depend on the position of the authorities in relation to cryptocurrencies.
One more ETH price prediction is made by LongForecast company. Specialists of LongForecast analytical company make long-term forecasts for various financial markets for corporate clients. In their model, they use reliable sources of information and different macroeconomic indicators. LongForecast employees see the future of Ethereum in less positive tones than many other experts. According to their estimates, the cost of ETH in January 2020 will be $724. Then, within 6 months, the rate will fluctuate in the range from $474 to $672. In this case, Ethereum will rise in price in comparison with the current price, however, the growth will be quite insignificant. It is important to keep in mind that LongForecast keeps secret the information on the basis of which it makes Ethereum price predictions for 2019 and 2020. Many traders are confident that the important data needs to be justified by the facts, therefore, they question the correctness of the conclusions of LongForecast analysts. At the same time, the opinion of the company’s employees is trusted by large companies and investors.
The main problem of 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.
Hope you’ve enjoyed this Ethereum price prediction – stay tuned for more on ChangeNOW!
*This price prediction is based on the data collected from various sources. Information it this article should not be considered as an investing advice and user should do their own research before taking any actions.