The second most popular and the #1 platform for smart contracts, Ethereum blockchain with its native ETH or Ether coin, now seeks to overcome the network scalability and blockchain bandwidth.
2019 was not very successful for ETH cryptocurrency. Now Ethereum recovers after an unsuccessful rally of Bitcoin in 2019. The price peak was fixed in July at more than $300. How analysts react on Ethereum price changes? What is the Ethereum price prediction for 2020? Here is our ETH forecast for 2020, 2025, and 2030.
ETH Market Data
|Price in USD||$188.99|
|Price in BTC||0.02020887 BTC|
|Circulating supply||109,544,443 ETH|
|ROI since genesis||6,574.17%|
The above data is valid and relevant as of February 3rd, 2020.
Let’s re-examine the project once again and overview different Ethereum (ETH) price predictions for 2020, 2023 and 2025 and find key points for the asset value to grow regardless of the cryptocurrency market trends.
Ethereum Latest News
#1. Vitalik Buterin hinted at the possibility of a merger of Ethereum Classic and Ethereum 2.0
Integrating the Ethereum Classic blockchain into the Ethereum 2.0 ecosystem as a separate shard is technically feasible. This was stated by Ethereum co-founder Vitalik Buterin.
You can use the same merge process to import the ETC state that you plan to use for ETH. The ETC runtime code will set the exchange rate relative to ETH in the Beacon Chain based on the rate at the time of the merger or using some other predefined formula.Vitalik Buterin on Reddit
In addition, such a shard will allow you to copy the functioning mechanisms of various blockchains, as well as implement various sets of rules to create runtime environments that meet the needs of users.
Buterin believes that after Ethereum switches to the Proof-of-Stake algorithm, the appearance of yet another ETH chain along with ETC may turn out to be excessive, and therefore does not exclude that ETC holders may want such a merger since in the case of such a scenario they will receive their wallets are proportional to the number of ETH coins.
#2. The cost of transactions in Ethereum applications exceeded $12.8 billion
In 2019, the total transaction value in decentralized applications based on the Ethereum blockchain reached $ 12.8 billion, exceeding similar indicators in the EOS ($ 6.1 billion) and TRON networks ($ 4.4 billion). This is evidenced by the Dapp Review study.
Ethereum vs Competitors
Cryptocurrencies like EOS, Tron, Tezos, Stellar, Cardano and NEO are actively striving to replace Ethereum as the smart-contract platform leader or share the market by avoiding the technological issues problems it has encountered in the past. However, the current market cap of Ether is $19,357,015,591, which is 5.5 times larger than EOS, the closest competitor.
Ethereum (ETH) 2018-2020 Historical Price Analysis
In terms of price fluctuations, the cryptocurrency market had a difficult year in 2018. It was also challenging for the third-largest market capitalization cryptocurrency – Ethereum, which has reclaimed its #2 position in terms of market capitalization.
In comparison to the 2018 price drop from ~$1,000 to $140 USD per ETH, Q1-Q3 of 2019 ETH price fluctuations look more promising.
The Ethereum’s price was following the cryptocurrency market trend in 2019 with a moderate growth from $152 to $180 per Ether with the All-Time-High of $351 USD on 26 of June. In August, the price of Ethereum cryptocurrency began to fall like the whole crypto market.
ETH coin finished its performance in 2019 with a price of $129. In 2020 Ethereum (ETH) price has begun to rise. At the moment, the price of one Ether coin is $188.
Ethereum (ETH) Fundamental Value
Ethereum blockchain is a crypto that was based on unique technology. The coin was not a classic Bitcoin fork. This digital currency came as a result of multiple attempts to make the best bet as a Bitcoin alternative. One of the prominent advantages were so-called smart contracts.
Learn more about smart contract functionality in a related article.
Here are some of the ways of use of Ether (ETH) Coin:
- To pay for transaction fees inside Ethereum’s blockchain
- Different projects use Ether as collateral for their finance applications like ETHlend, MakerDAO, Nexo, NUO Network, etc.
- Actively used as a payment option in numerous stores and service providers, find a list of business here.
- Used as an entry gateway for Ethereum-based tokens, decentralized exchanges (DEX), crypto games, different dApp services, as a reward for bounty programs, etc.
- Speculations from the cryptocurrency trading markets
After the release of Serenity 2.0, there will be special validator nodes to receive rewards in Ether and then re-invest it back in their business.
Also, Mr. Vitalik Buterin Impact
The creator and main ideologist of Ethereum is a Canadian developer of Russian origin Vitalik Buterin. Ethereum as a cryptocurrency appeared at the end of 2013, and the launch of the main network occurred on July 30, 2015. Vitalik was one of the reasons why Ethereum has received great love and support on all levels around the world.
Ethereum 2019 Popularity Trend
The peak of attention to Ethereum was recorded between July 14 and 20, 2019, when Vitalik Buterin announced his intention to use the Bitcoin Cash blockchain to increase network bandwidth before the release of Ethereum v2.0, when it’ll be solved on its native blockchain.
Analysts on Ethereum Price Projections in 2020
One of the most famous crypto bloggers The Crypto Dog has stated that Ethereum price is gaining momentum right at the beginning of 2020:
Well, as far as we may know, the price predictions of analysts are extremely positive. Some of them even predict the price of $350 as soon as possible.
SatoshiFlipper claims that Ethereum is on the important support level now. According to the blogger, ETH will test new heights only if bitcoin price will go up.
Antiprosynth can argue with a previous narrator. He thinks, that Ethereum may overcome Bitcoin in some years.
Ethereum (ETH) Price Predictions 2020-2025
A huge number of crypto enthusiasts, miners, traders, and investors are closely watching the price of ETH 2020. They are waiting ETH price will recover as soon as possible to its previous dominant values after the network issues will be solved. Are you looking for ETH future price prediction in 2020-2025? Let’s look at the Ethereum price predictions for late 2020, 2021, 2022 and further years given by experts and forecasting services.
#1. WalletInvestor’s Ethereum (ETH) Price Predictions for 2020-2025 years
The views of this value forecasting service are usually negative if the coin has shown a decreasing trend for a long time. WalletInvestor believes that in a year Ether cryptocurrency will go up to $270 and will hit $844 USD per ETH in 2025 only. Pretty bullish.
#2. CoinSwitch ETH Predictions for 2020-2025
They predict Ethereum to grow for $484 per coin and the subsequent bull rally to $1449 level at the end of 2020. Well, the first part of the plan has not yet been realized, let’s hope the second part of the forecast is soon to happen.
It is expected that during 2020-2022 the Ethereum coin will be able to reach the level of $2480 and hold it until 2025 when the price will get to the level of $3844 per ETH. Ethereum price will definitely go up!
#3. Bobby Ullery’s Ethereum Price Prediction for 2020
In his Ethereum price forecast Bobby Ullery, blockchain & Ethereum’s evangelist, believes that the total cryptocurrency capitalization in 2020 will reach $4.5 trillion and 25% of the market will be divided between BTC and ETH. Based on this assumption, Bobby predicts that in 2020, 1 ETH will cost $11,375!
#4. LongForecast Eth Price Forecast for 2020, 2021, 2022, 2025 and 2030
According to LongForecast, during 2020-2022 Ethereum coin will systematically fall and only in 2023, it will close at the level of $230, without having overcome the current resistance level of $240 dollars. These analytic algorithms… so cruel.
#5. Tom Lee and Joseph Raczynski Predictions About Ethereum
As for the accurate Ethereum (ETH) price forecast 2020, the opinions of experts vary. Tom Lee believes that Ether price trend will be a reversal and will subsequently “grow strongly.”
Meanwhile, the Ethereum price expectations by Joseph Raczynski sight (Joe Technologist founder) are different. He expects, that Ethereum (ETH) price trends and prediction in 2020 will be also positive but rise maximum to $1200. The success of the coin, in his opinion, could be achieved due to the influx of large capital and the fact of talented developers in the team.
Both experts are bearish, let’s hope they’re right in their Ethereum price projections.
#6. Ethereum (ETH) Price Prediction for 2025 and 2030
According to CryptoGround source, in the middle of 2020 ether price will be around $229.0892. Before 2021, ETH coin is estimated to be $256.6986. In 2025, the Ethereum rate will be up to $1,445.2.
Consequently, the price of the Ethereum cryptocurrency can double by the end of 2030.
That’s are our Ethereum price expectations. Most experts agree that in 2020 Ether’s price will increase slightly and we should not expect the late 2017-like growth and a 140-fold increase (from $10 to $1400) will no longer take the place.
We believe that Ethereum-based projects will strengthen the ETH position on the market and provide the basis for further growth.
What is the Ethereum price in 10 years, in 2030? It is difficult to make an accurate prediction. All experts agree on one thing: the ETH price will grow steadily over the coming years.
Summing all the above, this is a good asset for the long-term investment, which could bring good profit for the people who have patience. HODL?!
Here you can swap ETH coin to USD, BTC, LTC, XRP, DASH, BNB, ETC, XRP, and more.
Where to Buy Ethereum?
There are many platforms to buy and trade ETH cryptocurrency. You can purchase Ethereum tokens using your credit card (USD, EUR, GBP) on Changelly!
Is Ethereum Dead?
Ethereum can degrade if the developers will not improve scalability. Moreover, Ethereum has a lot of competitors such as Tron and EOS, which develops dApps.
Will Ethereum Go Up?
Ethereum price went up and down during all last year. Now we can see the ETH coin price is going up. So, HODL?
Is Ethereum a Good Investment?
Ethereum is the second-largest cryptocurrency, so the answer is yes. Ethereum cryptocurrency is constantly developing so price stability is guaranteed. By the way, the price is not as high as Bitcoin’s. It makes Ether affordable for purchase.
Is Ethereum Better Than Bitcoin?
These two cryptocurrencies have the highest market capitalization. Bitcoin was the very first real cryptocurrency, and it has been in circulation since 2009. Ether is a new development, which was born in 2015. Ethereum is certainly faster than bitcoin. Transactions in Ethereum take a few seconds, not minutes like in Bitcoin.
The Ethereum network also allows you to create other cryptocurrencies or tokens, using the same protocol as for Ether but distributing it on various blockchains that can be public or private.
Sustainable growth will ultimately depend on useful dApps. More and more companies are accepting Bitcoin as a payment method, and more and more services are using the Ethereum network.
When Was Ethereum Launched?
The Ethereum blockchain platform was launched on July 30, 2015.
Who Created Ethereum?
Ethereum platform was created in 2013 by a twenty-year-old Canadian programmer of Russian origin Vitalik Buterin in collaboration with Gavin Wood.
Is Ethereum Proof of Stake?
Initially, Ethereum used a proof-of-work algorithm. The developers have already launched Ethereum 2.0 proof of stake testnet.
Is Ethereum Decentralized?
Ethereum is a global, decentralized platform for money and new kinds of applications.
Why Ethereum Will Fail?
No one can definitely say whether the Ether project will fail or succeed. The idea is great. It has inspired a lot of projects. However, the cryptocurrency market (as any financial market) is volatile so we can’t be 100% sure about any crypto project future.
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. While price analysis is a useful tool, it should not be considered predictive for the future performance of any investment vehicle.
Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment. Website personnel and the author of this article may have holdings in the above-mentioned cryptocurrencies.