ETH could triple in value!

Recently, the price of Ethereum has steadily decreased at a much higher rate than the decline of the other major tokens. He lost almost 90 percent of his original value. This decline seems to disagree with investors' expectations, taking them away surprise. Their pricing of Ethereum, investors are worried about the future of cryptocurrency.

Ethereum could plunge below $ 100

There is a very real possibility that Ethereum may experience a further fall below the $ 100 level. This has led many investors to express skepticism about the future of Ethereum, considering its recent falls. Most see a fall below $ 100 as certainty, rather than a possibility.

Ethereum has lost a greater portion of its value than other assets

None of the other major cryptocurrencies, like Bitcoin and Ripple, suffered such significant losses. And the problems of Ethereum do not end here. Recently, governments have begun to tighten up the rules for initial coin offerings, which concern the supply of Ethereum. Furthermore, the increased competition from other cryptocurrencies has caused the stagnation of its blockchain. This is why some investors believe that things are not going well for the future of the currency.

The reason for such strict regulations on initial coin offerings is the abundance of so-called "fictitious projects" that have arisen, and Ethereum has been part of that problem, even if unintentionally. Many of these projects have used the Ethereum protocols and the authorities are now reminding them.

The low number of initial offers of coins that appear on the market is the cause of the current decline in the value of Ethereum. In addition, the smartest investors are selling off their Ether, both for the reputation of the protocols and for the decline in value.

All this sounds grim, but there are still some who believe that Ethereum will make a comeback, with an increase in the use of blockchain technology and an increase in adoption.

Speculation of the price of Ethereum

Before its significant decline, Ethereum quickly rose to new levels, emerging as one of the major cryptocurrencies. It is because of this fact that some investors continue to hope for another impressive increase in the future of the currency. The cryptocurrency market in general is extremely volatile, so any currency could suffer dramatic highs or lows at any time.

So, what can we expect from Ethereum in the near future? To answer this question, we must first understand the qualities of Ethereum. Its main attraction is its ability to provide decentralized processing power and bandwidth. Where other tokens work simply as an investment, Ethereum has a real utility. When considering this fact, it seems that hopeful investors are right: the value of Ethereum will increase, as will its adoption and utilization rate.

How much will Ethereum increase? Most predictions say its value will slowly increase to around $ 500 by the end of 2019. This is much lower than its price of $ 1,200 at the start of 2018, but by 2020, it is expected to increase even more, closing the year around $ 2,000. Clearly, the currency still has a long way to go, but the future is still optimistic.

The reasons for the expected increase in Ethereum include:

• More uses of application
• More companies that use cloud-based decentralized applications that Ethereum can offer them
• Smarter contracts used

Because Ethereum is more widely used, its value will increase accordingly. The more a platform is used, the greater its price.

Moreover, it is expected that Ethereum will become slightly more important in the world of cryptocurrencies, becoming the second most valuable cryptocurrency. This will also evaluate its value.

Ethereum is an attractive and ideal option for new investors. Its application is very useful, it is currently being purchased at a low price and its price is expected to increase soon.

The future of Ethereum according to experts

A conference, hosted by Fortune magazine, recently convened in Aspen, Colorado, to discuss the future of cryptocurrencies. He presents experts in portfolio companies of cryptocurrencies, venture capital companies and startup blockchains. They offered their predictions for the future of cryptocurrencies in general. Here are some of their thoughts concerning Ethereum:

1. Ethereum is not going anywhere. Because of its powerful applications, it is expected to remain active for at least the next 10 years.
2. There will be more competition in the future. Ethereum and its precursor Bitcoin are the best coins right now, but they could change. As more coins appear on the market, the price of Ethereum will fluctuate, as we have already seen.
3. The cryptocurrency market will become more regulated. Governments have already seen the problem with Initial Coin Offerings and have started implementing regulations to control the many offers that seem to come up every day. The market as a whole can also expect more stringent regulation. This will reduce the decentralization of the Ethereum platform, but will also eliminate the fraud that has been associated with the Ethereum protocols.
4. The market will become more stable. At this time, fluctuations are everywhere and so is speculation. But in the end, the market will stabilize. And along the way, people will look for a platform that does more than just transfer funds. They will be looking for useful applications that will be useful for Ethereum.
5. More versatile cryptocurrencies will force traditional banking systems to adapt. If banks and credit card processors do not adapt to the evolving market, they will disappear and the cryptocurrency will remain all that remains. Some experts believed that these systems improved their services in order to compete and survive, but others did not think it would be like that.

Summary

Ethereum has recently seen a significant decline in value. This may be daunting for some investors, but there is still reason to hope for a recovery. The currency platform is very useful for a variety of applications. The market also changes continuously. Therefore, the value of Ethereum is expected to increase slightly in 2019 and increase even further in 2020. It also has a positive long-term outlook, and will probably remain for another decade.

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