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In recent days, ethereum (ETH) has recovered quite strongly. It has even maintained its position as the second cryptocurrency in the world in terms of market capitalization after XRP. At the time of writing this article, the price is $ 153 according to www.coinmarketcap.com. The scrambled market is seeing sudden greens. Here is the recent chart showing the push towards the top of ETH.
Just a few days ago, ETH had remained below $ 100 because it had a large majority of investors worried. This rally will probably be resolved to alleviate several investors and start-ups that have raised funding in ETH.
To get a better perspective on this situation, BlockPublisher came into contact with a well-known name in the blockchain world, Thomas Power, who is also a member of the board of BICRA (Conformity of the Blockchain industry e Regulatory association). Regarding the rally of the Eth, Thomas said:
Yes up to 50% from the Christmas calm moment. The market will stabilize this year as ETH in the $ 150 to $ 500 range.
The price of ETH has almost doubled since Christmas. Thomas stressed that in 2019 the market should stabilize. $ 150-500 range for ETH is indicated by him.
Previously, Thomas's prediction of the bitcoin that fell in the $ 3000 range proved to be true. It is of the opinion that encryption will probably have a more widespread adoption after the collapse of the traditional fiat framework, which is likely to be imminent between 2020-2022.
2019 is likely to be the year in which the crypt will gain more attention in the development and regulation arena. Issues such as volatility, manipulation, custody, liquidity, etc. They are the ones that keep the cryptic under water. Institutions and the public generally fail to enter this market because of these problems. A largely negative image of criptos is portrayed in the media due to such problems and the association of illegal activities with this world.
Developments such as setting up an exchange-traded fund (ETF) and regulatory clarity are expected to provide a safer operational fabric for the cryptic world. This can help eliminate the illegal and negative elements associated with this world. Government support can certainly prove useful.
As for prices, they are likely to remain stable. We might not see the wild bull races again anytime soon. But, all his speculations, nobody knows for sure. Anything could happen. It will be interesting to see where the markets are heading in 2019.
SEE ALSO: The price of Bitcoin may not be ready for a roller coaster ride in 2019, suggests Thomas Power
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