Ethereum Price has been predicted by many enthusiasts and experts across the world. I have done a thorough research and collated all the critical topics relating to the Ethereum price prediction. As the market is volatile, the price might vary in the near future.
Ethereum has reached that point when its long-pending transition from the Proof of Work (PoW) to Proof of Stake (PoS) Consensus mechanism might happen by June 30, as stated by the core developers. Named as Phase Zero, by the developers and researchers, some of the Ethereum experts like Ryan Selkis, the CEO of Messari predicted this to get delayed as a smart contract war is coming soon. This shift is one of the most awaited events for the crypto enthusiasts as this is supposed to transform the Ethereum network by leaps and bounds.
Even there have been reports of Ethereum on-chain metric rising rapidly like transactions per day, daily active addresses, average transaction values, and many more. As per earlier reports, the number of on-chain transactions has increased to almost 910,000 over the past week, with an average block time of around 13.33 seconds, which is one of the fastest in ETH history. As per the data 41% of the total active nodes, which is 8661, are located in the United States. This data suggests that there has been a widespread increase in the adoption rate for Ethereum.
Ethereum has been gathering a lot of interest amongst the cryptizens which have lead ETH market capitalization to reach 22.8 Billion USD with 110,824,577 ETH as its current circulating supply. Ethereum is currently valued at $213 today. The 24-hour price movements indicate that $23,641,679,834 worth of ETH was trading.
Market Values For Ethereum Price Prediction
With the market being so volatile and the sudden downfall of ether, predicting the price of the cryptocurrencies is not an easy task.
Let’s consider the eminent publications and personalities, and their statement regarding the Ethereum (ETH) price speculation, which will give us a fairer idea:
PriReis on TradingView
As per an analyst on TradingView, Ethereum might reach 320 USD by the end of 2020, and believes it to be a realistic target for the cryptocurrency.
Forex trader, TieuLong FX suggests that Ethereum has the potential to grow and can reach as much as $1,365 by 2021.
The deVere Group, one of the leading International Financial consulting firms’ CEO Nigel Green, predicted that Ethereum would reach more than $2500 by 2020. He stated three reasons for ETH price increase- more platforms used for trading and more demand for digital currencies, increased use of smart contracts and the decentralization of cloud computing.
According to the website, Trading Beasts, the price of Ether might reach $908 by the end of 2020, the average price might revolve around $650. That was a very conservative, yet realistic price prediction for Ethereum.
The founder of Ark Capital LLC, Brian Schuster made a very bullish and optimistic prediction. He believes that Ethereum may reach $100,000 in another 5 years or so, and will eventually replace gold with crypto.
As per CoinKir, a crypto prediction site, Ethereum might reach as much as $1,455 by the end of 2020. They even predicted that ETH will touch the $1,000 by May 2020.
Ethereum price prediction 2020
2020 will prove to be the most remarkable year for Ethereum and other cryptocurrencies as well. dApps will see a huge adoption in this year. In the first quarter, the highest can be $1100, the minimum being $929 in January. The second quarter can revolve around the $1600 mark. But after that, it again starts declining to the line around $1550.
Ethereum price prediction 2021
Ethereum blockchain is one of the most popular networks so far in the crypto space, and there have been so many tokens revolving around the Ethereum blockchain. By 2021, the Eteherum adoption rate might grow manifold, and the value might soar as high as $2000, given the advancements are maintained.
Ethereum price prediction 2022
The year 2022 is also going to be full of goal accomplishment for the Ethereum community members. Ethereum might go through many integrations and partnerships in 2022, which might increase its value in the market, and its value is estimated to increase drastically, as it is going to go through some technological developments also. By 2022, ETH might reach $2500.
Ethereum price prediction 2025
As per the Ethereum price forecast and algorithmic analysis, the price of 1 Ethereum (ETH) will be around $3844 in 2025.
So, Ethereum is certainly one of the best options which you can currently invest in. You need to, however, look at the tremendous increase in the price of Ethereum in the last months. Thus, it shouldn’t come as a surprise that the price of Ethereum can reduce its value in the shorter term. However, in the longer term, you can be positive that the price of Ethereum would increase. You can convert ETH to BTC from CoinSwitch at the best rates.
Can Ethereum reach $10000?
If we take current prices of BTC, ETH and overall market cap into equation, assume their BTC/ETH ratio stays the same and calculate what would it take for ETH to reach $10k we get this answer: market cap would need to be at $1.2 trillion, BTC at $443k. So, it does sound outrageously high but still within realm of solid probability if we consider the size of the overall traditional financial market.
Having read this price prediction for Ethereum, logical question that pops up in everyone’s mind is: should I invest in ETH? Well, that is very hard to answer without knowing personal preferences and investing profile of each of you.
There are definitely enough reasons that make Ethereum a good investment but projecting a certain and bright future for ETH would be irresponsible from our side. Our general recommendation is to keep at least 50% of your crypto portfolio in BTC, 35% of your crypto in large cap coins (ETH, ADA, XRP, XLM etc) and 15% in small cap coins with big upside. That way you are covered in most scenarios crypto could play out (except if it crumbles into annihilation, which is always a possibility but I would expect you’ve already come to terms with that option).
Reach out to me If you need my consultancy on ETH mining and investing as my goal for the rest of 2020 is to help atleast 1000 people get in crypto 🙂
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