As we all know that Investing in cryptocurrencies is quite popular nowadays. There are plenty of coins to invest in the digital asset but you have to think a lot before investing in cryptocurrencies as there are a great rise and fall in the prices of cryptocurrencies and that’s why a lot of traders believe in top 5 coin tradings and as you know, After Bitcoin, Ethereum is the second largest cryptocurrency in the crypto market. And there are drastic diminish in Ethereum price since last 2-3 months. However it’s stable now and every year, we were seeing dramatic J-curve in the last quarter of the year and that’s the reason investors are quite confused about the price of Ethereum. So we tried to make some price prediction on Ethereum coin for 2018-2019 based on few facts.
Where is Ethereum Headed?
Ethereum is considered one of the best digital currency with Bitcoin, Ripple, and Litecoin. The entire crypto market was stable in the initial week of October. When looking at the previous there was a panic selling mode and the rates of all the currencies were suffering. But Etherum is basically a brawny coin and after ending this twitching, there will be U-Turn in the price of Ethereum. Well, let’s discuss the price in upcoming years.
What is Ethereum?
Vitalik Butarin has founded the Ethereum, a well-reputed cryptocurrency and also grab the second largest cryptocurrency with the biggest market capitalization. Ethereum is also a blockchain platform which allows different cryptocurrencies to exist. Etherum also pays people under smart agreements and managing the things for the smooth functioning of mining nodes.
Ethereum Price Prediction
Ethereum is a digital asset and easily buy and trade by anyone but there are lots of factors which influence its price. Cryptocurrencies are almost new terms and it is pretty tough to predict any cryptocurrency. Many forecasters try to predict cryptocurrencies based on charts and anticipating adoption but there are fewer chances of accurate prediction.
Our verdict on Ethereum price prediction
Although the crypto market was facing the major downtimes in the first six months of 2018 but still many predictions are in favor of Ethereum and they are claiming that there will be a drastic jump in Ethereum’s price. There is a strong belief that the price of Ethereum will reach on the $1221 this year. Ethereum has grown rapidly as a major cryptocurrency and grab the new heights in recent years. In 2017 it was arisen by 3600% and that is the reason why a major group of investors is thinking to invest in Ethereum for long-term.
Ethereum price prediction recommends that the Ethereum token price is higher for a long-term 727.71% in the ETH price value with an investment for 5 years. And it shows that the Price of Ethereum is predicting to stand at $3844.73 in 2023 or till 2015, Ethereum’s minimum price will be $5000 and can cross $6500.
Ethereum price prediction 2018
As we all know that Ethereum got the sudden rush in January 2018 to $1337 and with this, all the investors had a positive response towards Ethereum. Although Ethereum went down in August investors are still thinking that it will jump up to $1221 by the end of 2018. Ethereum offers a blockchain technology and smart contracts which are hugely adopted so there are great chances to upgrade utilization. When utilization increase then the price will also hike as both are related to each other.
Ethereum is not only a coin to invest but also a blockchain platform so this factor increases the value of Ethereum and definitely, the value of Ethereum will hike in future also. There are some reasons which make Ethereum more effective:
- More and more application uses
- A huge number of companies are localized cloud-based applications
- Widely used smart contracts
When forecasting the price of Ethereum always keep in mind one thing that with the increasing demand of its platform the price of the token will surely up. This is the strong point which makes the Ethereum the great option to invest in upcoming years.
Ethereum price prediction 2019
It is expected that in 2019 Ethereum will get a huge jump in its price. We are assuming that there will be a huge adoption of this currency in next months. We also hope that in 2019 Ethereum will come with strong capitalization and accordingly its coin value will also increase. There may be sudden ups and downs in the first and second quarters. But with the beginning of the third quarter, there will be the balanced growth in its price and will reach on $1449.89 in 2019.
Ethereum price prediction 2020
2020 will be the milestone year not only for Ethereum but also for other digital currencies. There will be a huge acceptance for cryptocurrencies in 2020. In the first four months of 2020 Ethereum will go up to $2100 and in the next four months, it will reach on $2600. After it, there will be downs in Ethereum and it can reach on $2440.
Ethereum price prediction for the next 5 years
As we analyze above and also on the basis of the algorithm the price of Ethereum will be of $3840 in 2023. So guys don’t think so much as ETH is one of the favorable currency to invest for a long term. The increasing price of ETH in recent months is enough to prove. Another notable point is that if you invest for a shorter term then there may be a decline in its price but a good deal if you are looking for long-term investment.
Well if you notice the futuristic forecasts of the different currencies then Ethereum is the perfect choice for current investments. If you are ready to stick up with Ethereum for a long period then it can give you a huge profit. Cryptocurrencies can give you a lot more earning than the traditional platforms of investments. But you should always be ready for huge loss also. Still, any query regarding Ethereum then comment below and also give your suggestions if you have some. For more updates please stay connected.