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Dec 23, 2018 15: 30 & nbspUTC
| updated:
Dec 23, 2018 at 15: 30 & nbspUTC
The erosion of the value of Ethereum has not been anything less than a shock to the crypto community. With Initial Coin Offerings losing their shine, it appears that everyone has one question on their mindWill the price of Ethereum rise again? If you are also wondering if you would like to invest in 2019, then you have arrived at the right place.
Platforms in the industry, Ethereum has also become, unfortunately, the platform to run fake crypto projects.
The low rate of Initial Co-operation and the tightening of the values of Ethereum.
Crash in the value of Ether has also resulted in projects selling off their cryptocurrency. However, many experts like ConsenSys Founder, Joseph Lubin, The Value of Ethics Will Be Witness to Hike.
Let's take a look at the price of ethics that will be validated in 2019 or not.
You may also read: 10 Differences Between Ethereum And Ethereum Classic
Ethereum will touch the price level of USD 1,200
Based on Blockchain influencer and the Founder of JoeTechnologist.com, Joseph Raczynski, The price of Ether will hit the mark of 1,200 by the quarter of the year 2019. Raczynski's prediction is based on the popularity of Ethereum's Proof of Concept .
Added Raczynski,
"They are one of the most real projects to date. "Nearly all large organizations are testing on this platform."
You may also read: 10 Reasons To Buy Bitcoins In 2018
End of 2019 will see Ether's price touch USD 1900
The head of research at Fundstrat Global Advisors, Tom Lee, has said that Ethereum will be from its currents lows.
At the time of writing, Ethereum was trading at USD 114.97 with a market capitalization of USD 11.947.353,594.
Lee believes that the value of the current value of the USD 201 by the time 2019 comes to an end.
You can also read: 5 Sites To Buy Bitcoin With Debit Card
Crypto market observer and author, Jedd Reed is highly bullish on Ethereum. Bitcoin in the long run.
He elaborated on why he thinks Ethereum will become more valuable than Bitcoin,
"Like Bitcoin, there is little stopping Ethereum from an alternative currency to fiat and commodity currencies. You can conceivably trade anything using Ethereum, but this is not Ethereum's strength in comparison to other cryptocurrencies – they can all do this. It's quite the computing language that allows the smart contracts to exist that makes Ethereum more valuable than BTC. "
Whether or not Ethereum will reach the forecasted price or not remains to be seen. Let's hope next year is a bright one for cryptocurrencies. To know more on what to expect from Ethereum in 2019, do read our article on the same.
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Swati Kishore
Swati has a keen interest in emerging technologies. She loves trance and is also interested in the philosophy of life.
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