Predictions of Ethereum prices 2019. Ethereum is 2ND the most quoted cryptocurrency at the moment. Naturally, people will be intrigued by the opportunity offered by Ethereum's cryptocurrency. This is why investors are trying to find out about Ethereum 2019 pricing forecasts.
Most of the cryptocurrency experts we're talking to are actually bullish on the Ethereum cryptocurrency. Today we will discuss some of the Ethereum 2019 price forecasts.
Ethereum 2019 price forecast:
Most cryptocurrency enthusiasts are so optimistic about cryptocurrency that they think that within 5 years they will trade at least about $ 6700. This is a significant increase over current prices.
The reasons behind the rise of Ethereum are many. Ethereum is used as a platform these days by a wide variety of ICOs and other cryptocurrencies.
The capacity for smart contracts of Ethereum is 2ND to nobody. Many companies, as well as business houses, use Ethereum's intelligent negotiation skills to create their own products. This is further making Ethereum ever more popular. As the platform becomes widely used, it will gain more and more movement and this will also increase the price of cryptocurrency. As the decentralized use of the platform becomes increasingly popular, the demand for cryptocurrency will also increase.
Also, there are some companies that work exclusively on Ethereum's blockchain rather than Bitcoin-based blockchain. Thus, the prominence it will be able to achieve will be much higher than the Bitcoin-based blockchain. Even the basic technology seems to be strong enough. This is why the forecasts for the year 2019 and subsequently are actually quite positive.
If you are looking for a cryptocurrency in which you can invest in current prices, Ethereum seems like a safe bet. Also, with powerful applications and underlying usage, you can be sure that it's not just another inflated cryptocurrency. It offers great value compared to some other cryptocurrency tokens. Moreover, with a significant amount of market capitalization, volatility is comparatively on the lower side which will provide some degree of stability in the portfolio.
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 market of initial offers of coins now in difficulty, it seems that the problems that Ethereum (ETH) is facing will not end at any time.