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Ethereum (ETH) price forecasts for 2019 and 2020 – Main reasons for a potential price surge
The price of Ethereum has continued to fall recently and from the point of view of things, it seems that the rate at which the price is falling is higher than other major tokens in the top ten.
This downward trend managed to surprise investors and raised concerns among ETH owners.
Everyone is wondering where the currency is going and what this year could happen.
Currently, ETH is traded in red and the coin is priced at $ 125.75 on CoinMarketCap.
Price forecasts for 2019 and 2020
ETH is a rapidly evolving crypt and investors consider it a long-term investment choice. Usability and the application of money are important issues to keep in mind when we look at price forecasts.
The appreciation of its value depends a lot on these two factors.
Ethereum offers decentralized processing power and bandwidth, which makes it different from other currencies.
This also means that ETH definitely has a chance to grow in the future.
"By the end of 2019, Ethereum is expected to be around $ 500. Likewise, by the end of 2020, it is assumed that Ethereum would be about $ 2000," writes Smartereum.
Main reasons why ETH can increase
The same online publication finds three main reasons why ETH could increase in the future. This is why bold predictions about the value of money are possible:
- Increased use of applications
- More companies that use cloud-based decentralized applications
- Increased use of smart contracts
ETH, one of your best bets for 2019
Forbes begins in 2019 by examining the cryptos with the best features so far.
Here are the four best cryptos to choose from in 2019, according to Forbes: ETH, XRP, TRX and Apollo.
"The interest in Ethereum also comes from companies and organizations that can implement their own Ethereum-based blockchain within the private model or consortium," Forbes said in the same article.
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