Ethereum, one of the most well-established cryptocurrencies in the world, continues the race and has recently conquered the second place by market cap (as of 02/12/19). The main driver of decentralized apps and smart contracts, Ethereum has gathered a lot of followers and potential partners. But will it make ETH grow? Read Ethereum 2019 price predictions to find out what experts think about it.
5+ Ethereum price forecasts
The market is ever-volatile, and that’s why it’s hard to make any short-term predictions. However, many crypto experts are sure that Ethereum is destined to be successful in 2019:
Joseph Raczynski, the founder of Joe Technologist.com, is sure that $1,200 is the minimal threshold for Ethereum. Why so? He explains it by the fact that Ethereum boasts the largest developer community, and its proof of concept is relevant for current and potential institutional investors.
Nigel Green, CEO of deVere group consulting agency, is convinced that Ethereum has enough potential to reach $2,500 this year. He provides three arguments: 1) The growing number of trading platforms; 2) The growing demand for digital money; 3) Increased use of smart contracts and decentralization of cloud computing.
Ian McLeod, a technology expert, predicts Ethereum should climb to the $500 mark in the course of 2019. It is expected to reach a breakout, while Bitcoin might lose about 50% of its market share to Ethereum within 5 years.
The Trading Beasts website mentioned that Ethereum can cost $908 by the end of 2019 with an average price of around $650. Although this prediction seems to be conservative, this is a quite realistic view of Ethereum’s future.
Steven Nerayoff, Ethereum’s co-creator, told journalists that he expects Ethereum to double or triple its October 2018 price ($225) in the first half of 2019. Will Ethereum reach $500 by summer 2019? It’s possible, thanks to development capital pushed into Ether’s ecosystem.
CoinSwitch, a crypto website, analyzed all of the above-mentioned forecasts and suggested that the Ethereum price is to reach $1,450 in 2019. This prediction is also based on Ethereum’s roadmap – last year, projects raised millions of dollars in Ethereum, which can create a domino effect in the crypto sphere this year.
Brian Schuster (the founder of Ark Capital LLC) looks at the bright side. He stated that Ethereum can cost $100,000 in about five years, if it manages to replace gold as a store of value.
Market cap doesn't reflect activity. Decentralized networks are growing.— Joseph Lubin (@ethereumJoseph) 1 декабря 2018 г.
-10B+ daily API requests served by @infura_io
-1M+ @trufflesuite downloads
-1M+ @metamask_io downloads
-12K+ live @Ethereum nodes
-48M+ unique #Ethereum addresses
-3x @LinkedIn #blockchain job openings
A spoon of tar in a barrel of honey
Matthew de Silva, a cryptocurrency journalist, is known for his criticism towards Vitalik Buterin’s creation. He is convinced that Ethereum will return to its natural state, i.e. $0. Here’s what he said:
“Still, Buterin was the one who helped launch a network with tokens that he admitted are intrinsically worthless, at least for now. Why didn’t he wait to devise a platform with an equitable distribution model and a proven use case, aside for speculation? …We’re almost a year removed from Buterin stressing the need to ‘differentiate between getting hundreds of billions of dollars of digital paper sloshing around, and actually achieving something meaningful for society.’ It’s hard to see how his invention has made any difference beyond inflating the crypto bubble. Non-state virtual currency is interesting, but wasn’t Ethereum supposed to be something even greater?”
No matter what, Ethereum continues gathering strength to gain momentum and rise again. Most likely, we will witness its breakout this year, so fasten your seatbelts!
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.