Ethereum (ETH) Price Prediction 2019: Bad in Short-Term, Positive in Long-Term

Ethereum Price Predictions

In terms of price fluctuations, the cryptocurrency market had a difficult year. It was also challenging for the third largest market capitalization cryptocurrency – Ethereum. Nevertheless, during 2018 its popularity was growing, even against the background of a general market decline. Therefore, today many people are interested in the Ethereum forecast and Ethereum price prediction for a more distant future: in which direction will the ETH rate move? Is investing in Ethereum a good idea? What is Ether future price? These and other questions will take place in this article.

What is ETH?

Ethereum blockchain is based on unique technology. It allows you to register any transactions with any assets on the basis of a distributed base of blockchain-type contracts, without resorting to traditional legal procedures. It is called “smart contract” technology.

The creator and main ideologist of Ethereum is Canadian developer of Russian origin Vitalik Buterin. Ethereum as cryptocurrency appeared at the end of 2013, and the launch of the main network occurred on July 30, 2015.

In the second half of 2014 during the fundraising through crowdfunding Ethereum distributed the initial amount of coins through a 42-day initial public offering, receiving $ 18.439.086, that is equivalent to 60.102.216 Ether. After that, it attracted the attention of many banks as a test platform for studying smart contracts and bonds.

Ethereum Price Prediction for 2019
Ethereum price graph from its launch to February 19, 2019, on

Over the years of its existence on the market, Ether had its ups and downs, which eventually promoted further ETH development and made it more popular and demanded. However, the last year was difficult not only for the Ethereum but also for the whole cryptocurrency market. That’s no wonder, that since the last quarter of 2018, ETH has fallen by about 93% from its historic high, reached in mid-January $ 1.390. Though, most experts predict a quite positive development picture for Ethereum over the coming years.
You can find more info on ETH investment in the ‘How to Invest in Ethereum’ article.

Ethereum (ETH) Price Graph Analysis

Eth price graph analysis
ETH price chart from the beginning of 2018 to the present moment on

For the most part of 2018, the Ethereum price chart has been demonstrating a descending trend. As for Ethereum (ETH) price analysis, most experts predicted a stable rise for currency over the previous year. However, the last events influenced the market in a different way. The decline in trading activity, the correction of the cryptocurrency rate and the general decline of the market led to rather a sharp collapse in Ethereum price history. During the last year, the Ethereum (ETH) price dropped from almost $ 1.390 to $ 120 (for 08.02.2019). The Ethereum (ETH) price was failing gradual, with short recovery periods. The further Ethereum (ETH) price forecast largely depends on the events in the roadmap planned by the network developers for 2019 and announced by Vitalik Buterin.
You can always check out the current price of ETH and exchange it at the best rate here.

ETH Price Prediction for 2019-2020

Ethereum is not just a cryptocurrency, but primarily a technology, a platform for creating decentralized (DApps) applications. The basis of Ethereum technology is the use of smart contracts, on which basis the tokens operate, and therefore most of the popular projects. Because of this technology the demand for the currency is only growing and raising more interest.

From November 2018 to the beginning of February of this year, ICO-projects sold about 736 thousand Ethereum coins. Only at the turn of November-December, 400 thousand ETH were sold. Thus, 39.000 ETH were sold on December 11, and on December 14, 45.000 ETH were sold on the market.

Also, at the end of 2018, the volume of transactions in the Ethereum network reached a historical maximum. In December 2018, the total transaction volume set a maximum of 115 million, despite the fact that in summer this figure was below 50 million. These and other events show us a steadily growing interest in this cryptocurrency from other projects.

Today, most experts agree that in Ethereum price in 2019 will increase slightly, but the repetition of the growth rates of 2017 – the beginning of 2018 with a 140-fold increase (from $ 10 to $ 1.400) will no longer take the place. After the planned Constantinople hardfork, the protocol will be changed: switching from PoW (proof of work) to the distribution of the share Proof-of-Stake (Casper), which will provide a threefold increase in throughput, increase the speed of payment transactions, reduce the cost of auxiliary domestic currency Gas, which users pay for transactions fee. With the introduction of PoS, the complexity of the network will increase, which will certainly entail an Ethereum price rise in the rate.

As for the accurate Ethereum (ETH) price forecast 2019-2020, the opinions of experts vary. Tom Lee believes that Ether price trend will be a reversal and will subsequently “grow strongly.” The analyst said that by the end of 2019, the ETH rate would reach $ 1.900 per token. Meanwhile, the Ethereum price expectations by Joseph Raczynski sight (Joe Technologist founder) are different. He expects, that Ethereum (ETH) price trends in 2019 will be also positive but rise maximum to $ 1.200. 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.

Ethereum (ETH) price predictions from Changelly’s sight are also quite positive. According to the results of the first half of 2018, we came to the conclusion that ETH will reach new peaks by the end of 2019. We also hope to observe the Ether price rising at the beginning of 2020. We believe that ERC-20 projects that are successfully developing today on the ETH platform will strengthen its position and provide the basis for further growth.

What is Ethereum price in 10 years? We cannot forecast it accurately. But all experts agree on one thing: the ETH price will grow steadily over the coming years. Summing all above, this is a good asset for the long-term investment, that could bring good profit for the people who have patience.

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.

One comment

  1. Dear friends. How can buy, sell or exchange? In the same page. Can the currency go bank account number instead of a wallet? Thanks good new to yours!!

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