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According to ConsenSys and the Enterprise Ethereum Alliance, Ethereum achieved better results than bitcoins in 2018. Another giant in the OnChainFX sector recently revealed that Ethereum prices have risen by more than 10.298% since 2017. According to foreseeable future events, Ethereum could even doing better in 2019.
Factors that support the price of Ethereum in 2019
Recently the smartphone maker HTC, has launched its debut Phone blockchain known as Exodus 1. The phone that is purchasable using only Ethereum and Bitcoin was launched on December 12, 2018 and is now ready for purchase.
Many other smartphone manufacturers are working on specialized blockchain devices with Ethereum and Bitcoin as the main cryptocurrency for smartphones. The success of these phones will in turn improve the price of Ethereum and Bitcoin.
Another important event that could determine the price of Ethereum is the difficult fork set in the Ethereum network. Constantinople's hard fork can significantly increase transaction blocking time. According to Ethereum Co-Founder and founder of ConsenSys Joseph Lubin, low prices are not a big deal for the Ethereum network. Lubin has revealed that the high rate of adoption of Ethereum is the most important thing for the network.
Meanwhile, the expected hard fork that should introduce the 2.0 version of Ethereum will also include the Casper update. The Casper update is the upcoming Ethereum game testing algorithm (PoS). It is also expected that additional features such as sharding can be implemented in the network from 2019 onwards.
Recently, during a TechCrunch blockchain session in Switzerland, Ethereum's founder, Vitalik Buterin, revealed that the upcoming update will put Ethereum at the top of the rankings in 2019. He said Ethereum's future consists of 5 roadmaps and 39; Constantinople update is one of these. The team led to Ethereum, Peter Szilagi recently published a Roadmap on Twitter.
Currently, Ethereum has a market capitalization of $ 10.5 billion and a circulating offering of 103.362.913 ETH. Cryptocurrency has attracted a lot of interest with the encrypted communities on a global level. The dramatic interest in Ethereum is attributed to the use of smart contracts by the cryptocurrency, an important feature of Bitcoin.
Forecast of market prices for Ethereum in 2019
The cryptocurrency market is so volatile at the moment with a rampant dynamism in the prices of the main cryptographic activities. These rapid price movements have made it very difficult to predict the price of cryptocurrency because the main factors influencing prices are not certain. To approach a fairer pricing forecast for Ethereum in 2019, we will take into consideration statements made by prominent personalities and publications on the pricing of Ethereum.
1.Joseph Raczynski Ethereum Price Prediction 2019
Recently, the founder of Joe Technologist.com and a passionate blockchain with over 153,000 followers on Twitter, Joseph Raczynski predicted that Ethereum could reach $ 1200 by the end of 2019. He also mentioned that the Ethereum network has the largest developer community. Mr. Raczynski has revealed that the Ethereum test algorithm is the most popular consensus among institutional investors.
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2. Ian McLeod Ethereum Price Prediction
According to Ian McLeod, an influential technology expert at Thomas Crown Art Ethereum could reach something more than $ 500 by 2019. McLeod thinks Ethereum could experience a global and monumental breakout. He also predicted that Bitcoin could lose up to 50% of the market share of the cryptocurrency in Ethereum within five years or more.
3. Prediction of the Ethereum price of Nigel Green
Meanwhile, Nigel Green's CEO of the deVere group of a global financial consulting firm predicted that Ethereum could reach $ 2,500 by 2019. According to Mr. Green, the price increase will come due to more platforms that negotiate Ethereum and more demand for digital currencies, increased use of smart contracts and decentralization of cloud computing.
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4. Commercial beasts Ethereum price
Another important market influence in the cryptocurrency space, Trading Beasts, has predicted on their website that the average price of Ethereum could be around $ 650. The commercial Beast, however, said that the price of Ethereum could reach $ 908 by the end of 2019.
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5. Prediction of the prices of Ethereum by Brian Schuster
Our latest forecast comes from the founder of Ark Capital LLC, Brian Schuster. Schuster made a rather bullish and optimistic prediction on the price of Ethereum. However, he spread his prediction to five years or more. Schuster said that the price of Ethereum could reach $ 100,000 in five years or more.
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The conclusion
With current market trends and the amounts of developments and investments within the Ethereum network, we expect the price of Ethereum to reach $ 1400 in 2019. However, with all the growth and developments stated in the Ethereum Roadmap , we believe prices could go over $ 1400.
In case you want to share your Ethereum price forecast with us in 2019, please write it down in the comments section below. Share this article with your friends and with all the connections in your network. Remember to follow us on chirping to get the latest and most accurate cryptocurrency updates and blockchain space.
Summary
Item name
Forecast of market prices for Ethereum for the next year 2019
Description
The detailed forecast of market prices for Ethereum is elaborated by famous cryptic enthusiasts. Pricing of Ethereum prices for the year 2019 ..
Author
Jacob Okanya
Publisher name
Coinpedia
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