2019 Ethereum Prediction
A recent analysis of the graphs indicates that the price of Ethereum (ETH) has continued to decline dramatically. In fact, the rate at which the digital asset is decreasing is much higher than other assets among the most important tokens. This continued downward spiral has surprised investors and is causing concern among many that the digital asset is heading.
It seems that no fund is OK for Ethereum (ETH) as it continues to fall. Currently, Ethereum (ETH) is traded around $ 103. This shows that the digital asset has fallen from around $ 1200 from the start of the year. Therefore, the token has lost more than 90% of its original value due to the highly volatile market.
Ethereum (ETH) at risk of drowning in double digits
The ether is at risk of going to double digits because the next support area for the cryptocurrency is in the $ 100 position. It is a psychological and technical support. That's why the support line is very important. The last time ETH saw these levels was May 2017. At the time, the digital asset had formed support for $ 91.
This clearly indicates that if the price of the digital asset breaks the psychological and technical support area of $ 100; it can fall to $ 91. This is the main reason why it is crucial that the digital asset maintains the $ 100 area support. The problem is that the downward momentum is fierce to the point that it could even break $ 100.
The double digits for ETH are becoming more a possibility than an imagination. Thus, the reason why investors remain skeptical about Ethereum (ETH) considering the significant amount of value it has lost.
etthis document (ETH) has lost a significant part of its value compared to other main activities
As mentioned above, Ether has lost a huge part of its value. The figure is 90% at the time of printing. Among the first three virtual currencies, none has lost such an amount of value. The erosion of the value of Ethereum is nothing short of huge. And with the initial supply market for coins now in distress, it seems that the problems that Ethereum (ETH) is facing will not end soon. Authorities around the world have begun to strengthen the regulation of ICOs. This is why the fundamentals are not positive.
A fall below the $ 100 area seems likely
The current price movement of Ether means that a fall below $ 100 is imminent. Yes, things are not really good for Ether. Moreover, with the Blockchain competition increasing compared to other virtual currencies, the use of Ethereum's blockchain does not increase in any way at a faster rate than it was before.
It remains to be seen if we will see a turning point in the destiny of the digital resource. We can not say if it will reach the peaks reached when things will get better. This is another question. For now, however, it seems that there is not a fund deep enough for the price of the Ether token.
Ethereum Blockchain is one of the most useful
The Ethereum blockchain (ETH) is one of the most useful in the blockchain space. However, the blockchain project is paying a big price for copious fake projects in the crypto industry. Many initial coin offerings have used the Ethereum protocol in 2017 and 2018. Ethereum is now the one paying the fake reasons for most of these projects.
The huge decline in the value of Ethereum is basically the result of the low rate of new initial offers of coins coming to market. Investors are now smarter, now they have a better understanding of the landscape. Many existing projects are now selling their Ether due to the collapse of the value of the digital currency.
However, the founder of ConsenSys and the co-creator of Ethereum – Joseph Lubin – believes that the adoption process and the use cases of the Ethereum protocol are growing rapidly.
Nerayoff spoke about Ethereum
"You're witnessing a tremendous amount of growth in a wide variety of industries – Fintech is actually the natural area, but now you're seeing it getting more and more creative – you find projects in the oil industry and gas, you're finding the government that uses it in their applications, you see it in games, all kinds of different areas, "Nerayoff said.
In addition to the construction project, Nerayoff said that use is increasing because ethereum can process transactions more quickly and economically than its rival. "People are actually using it as currency," he said. "Lower transaction costs are increasing the use of the entire network and this is increasing the network effects of it.There are more users, more projects under construction and more programmers," he said. Despite his confidence, Nerayoff is not discounting the bitcoin and the interest in the cryptocurrency he inspired in 2017. "The whole space is on the rise." There is huge interest from the public and there are more areas where the public can invest, even in bitcoins, so you can see an expansion in the whole space, "he said.
Pricing of Ethereum prices: 2019, 2020
Ethereum is rapidly emerging as a great cryptocurrency. In recent days, he has climbed new heights quite coherently. This is one of the main reasons why most investors also look to Ethereum as a long-term investment bet.
This brings us to an important question about what the price of Ethereum might be in the future. You must understand that you need to examine the usability and application of the cryptocurrency. When you will be able to examine the usability and application of the cryptocurrency, from that moment on it will be easier for you to understand how its value can be appreciated. When you look at Ethereum, you realize that it is the underlying capacity that provides decentralized processing power and bandwidth. For this reason, Ethereum is very different than other tokens that are just a sign of investment. This also means that the value of Ethereum would increase in the future.
By the end of next year, ie 2019, Ethereum is expected to be around $ 500. Similarly, by the end of 2020, it is assumed that Ethereum would be around $ 2000.
So when you look at the kind of returns expected by Ethereum, you realize that it still has a long way to go.
Reasons for which Ethereum can appreciate significantly:
some of the reasons include:
- Increased use of applications
- more companies that use cloud-based decentralized applications
- greater use of smart contracts
These are the 3 reasons why Ethereum is used more widely. It is necessary to keep in mind that when it comes to Ethereum, the more the platform is used, the higher the price of the token. Precisely for this reason, you can be sure that the value of Ethereum would also increase in the future.
Furthermore, it should become 2ND most valuable cryptocurrency according to market capitalization. This is one of the main reasons why it should be appreciated over the years.
So, whenever you are looking to invest in any cryptocurrency, it is much more useful to take a look at the Ethereum option. When you look at the Ethereum option, you will realize that not only has a strong application but also a significant appreciation potential.
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Luck has published a story about the future of cryptocurrencies in general. Here is a summary to give a general idea:
The future of cryptocurrencies
7 Predictions of cryptocurrency by experts
Luck has summoned some cryptocurrency entrepreneurs, venture capitalists, bankers and others to talk about the future of digital money at Fortune's Brainstorm Tech conference in Aspen, Colo. A select group met at the Aspen Institute for a discussion on the breakfast round table, Wednesday morning.
The headliners of the panel were Balaji Srinivasan, CEO and co-founder of 21.co, a cryptocurrency startup that raised more funds in the traditional VC funding of almost the other. Another was Peter Smith, CEO and co-founder of Blockchain, a U.K. cryptocurrency portfolio company. which recently raised $ 40 million from GV, the venture capital arm of Alphabet, Google's parent company (GOOG, + 0.22%). And Kathleen Breitman, CEO and co-founder of Tezos, a startup blockchain that this year has raised more than $ 200 million in an initial offer of coins, or ICO, and that counts among the sponsors of the famous investor Tim Draper .
The expert crew dealt with everything from the longevity of Bitcoin to the original cryptocurrency and blockchain, or to the cryptographic public register, to the latest tendency to host so-called token sales to finance projects, in particular on Ethereum, a rival Bitcoin blockchain, to the future of a decentralized network. Here are some of the predictions we have heard.
The future of Bitcoin and Ethereum
- Bitcoin and Ethereum are here to stay.
Most people who are enthusiastic about cryptocurrency seem to agree that Bitcoin and its new rival Ethereum still have power, although they may be more bullish one over the other. "In terms of 5 to 10 years, Bitcoin and Ether will be around, I bet," said Balaji Srinivasan in the hall of over 70 people.
Peter Smith said his company, Blockchain, who was at the beginning of Bitcoin, has just begun to warm up with the newcomer Ethereum. In contrast, Mike Cagney, CEO and co-founder of SoFi, a personal finance company, said during a separate session on the main stage that it was hotter on this latest technology.
Bitcoin "has some purpose, but its application for commercial transactions is limited at the moment," said Cagney. "The blockchain and Ethereum, on the other hand, have absolutely fascinating infrastructural applications," he continued, citing the possibility of renewing property insurance, which implies property-related policies, as an example.
How many tokens and coins and blockchain protocols will eventually win?
- The coins still unknown will hit the big moment.
Bitcoin and Ethereum may have stolen the show at this point, but innovation will not end here. Expect more winners at the horizon.
Kathleen Breitman is confident that Tezos, her blockchain bet, will fill a niche that solves problems with existing blockchains. In particular, she and her project developers are designing Tezos to automatically push software updates to the network, thus, in theory, avoiding dividing fakes on updates that have damaged systems like Bitcoin in recent years.
No one can say how many tokens and coins and blockchain protocols will eventually win, but experts seem to think there is room for a multitude. "It is likely that another dominant one or two have not yet been seen on the market," said Smith. "Another truly dominant currency could go out this year or next year."
Frauds are happening, people will go to jail
- Of course, people will be burned.
For the moment, token sales may seem like a great way to raise a lot of money quickly and with few questions. Will this lead to wealth for some? Indeed, he has already done so. And cheats for others? Almost certainly.
Smith said he assumes that market manipulation and insider dealing are widespread among early money supply providers. "We are cautious about it in the short term," said Smith of his company. "But you have to temper it with the idea that every new technology will be like that at the beginning".
Brad Garlinghouse, CEO of Ripple and former Yahoo executive, has expressed his less indulgent concerns about the industry in a separate panel. "Strongly regulated markets are generally heavily regulated for a reason," he said. "Fraud is happening, people will go to jail".
ICOs change all of Silicon Valley
- The ICOs (eventually) will give Silicon Valley and Wall Street a run for their money.
The days of the pilgrimage in the houses of the holders of the purse strings are coming to an end. In a world where anyone can participate as an online investor, physical position matters much less.
"Once you had to come to Silicon Valley, walk on Sand Hill Road, network with people," Srinivasan said of entrepreneurs seeking funding, often walking along a strip west of Palo Alto that has long been associated with venture capital companies. Ico changes all this.
The projects are already funding this new Kickstarter mode. Breitman said that when he created Tezos token sales, he aimed to "get the most people who wanted to participate in the ecosystem to contribute". The company has raised over $ 200 million to date and, according to her, more than 30,000 Tezos wallets have been opened.
ICO and Cryptocurrency Regulations
- The regulations will remain faithful.
Elena Kvochko, chief information officer of the security division of Barclays, said her bank had talks with regulators about Bitcoin, blockchain and their likes. The authors of the rules seem to be open to the idea until the laws on "know your customer" are respected, even if they are still in advance.
Meanwhile, as governments settle on a set of road rules, countries such as Switzerland, Singapore and Estonia are pushing to develop frameworks that can easily accommodate the new technology, Srinivasan said. They are trying to move the geographical incumbents and become hubs for a new wave of corporate funding. "If you're a person or an American company, you've got a good deal to be worried about," Smith said.
Breitman added that until the rules are agreed, it is "better to be transparent" about what is being done.
- The speculations will calm down while the "killer app" take hold.
Since the prices of cryptocurrencies fluctuate wildly, speculators have had a field day. However, there is reason to believe that markets will become more stable, as Bitcoin has gradually over the last two years (despite the still large price swings), Smith said.
In order for these computer coins to cling to the big, they need a use case that beats traditional money. Ideally, this should be better than just "buying drugs," as Jeff John Roberts, Fortune reporter and session moderator noted.
Srinivasan proposed a possible scenario. Imagine that "all your waking hours are spent in the Matrix," he said, referring to a virtual reality in which everyone is entangled in the future. As people around the world meet and interact, they will need a means of exchange. "For transactions, you can not just deliver a dollar bill," Srinivasan said. "You need an international currency for this."
"It may take a while, but there will be more need to cross-border transactions than today," he said.
7. Cryptocurrency will push historical operators to improve.
Whenever a consumer skips or dips a credit card, payment processors charge a fee.
Nicko van Someren, chief technology officer of the Linux Foundation, pointed out that paid companies such as Visa or Mastercard exceed the cost of canceling or settling transactions. These companies can potentially process transactions more quickly and economically, he said.
A potential result of the adoption of alternative systems, such as Bitcoin, is to provide companies with the impetus to improve their services. "Bitcoin is good because it will shift banks to the real cost of managing these transactions," said van Someren. (By extension, in the case of Ethereum, one could imagine that companies founded on it would force giants like Amazon, Facebook or Dropbox to reconsider or improve their respective offerings).
Smith, meanwhile, was less optimistic about the ability of incumbents to adapt to this change. "I do not think there is much room for banks to simply adjust their pricing models," he said.