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Short Term Price Prediction for Q4 2019 — ETH (Ethereum) Can Easily Reach $1,200

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    Ethereum price prediction 2019: Can investors get 1000% gain this year?

Short Term Price Prediction for Q4 2019 — ETH (Ethereum) Can Easily Reach $1,200
Cover image via u.today

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.

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The last year was quite harsh for Ethereum – it seemed to suffer from a bearish trend more than any other cryptocurrency. Will we see ETH rise again in 2019? Is it possible for Ethereum to break its previous price records? Many crypto experts believe in Ethereum’s potential and provide very positive forecasts. Let’s see what they think.

Joseph Raczynski: ETH is to hit $1,200 by the end of 2019

The founder of JoeTechnologist.com and a popular crypto influencer with over 153,000 Twitter followers, Joseph Raczynski predicts that Ethereum is to reach $1,200 this year. His prediction is based on the technological advancement of Ethereum’s proof of concept, which makes it very attractive for institutional investors. Besides, Ethereum can boast an enormous developer community. Raczynski commented:

They [Ethereum] are one of the most real projects to date. Nearly all large organizations are testing on this platform.

Tom Lee: Target $1,900 by Q4 2019

A research leader at Fundstrat Global Advisors, Tom Lee reckons that Ethereum will rally after its recent serious losses. He is sure that the cryptocurrency ought to recover, and February-March is the best time for that.

But while $1,900 seems to be a bit of an exaggerated number, Tim Enneking, managing director of Digital Capital Management, says that it’s unlikely because 'There are no drivers to push ETH to 40% above its prior all-time high'. Indeed, Ethereum’s dApps aren’t widespread, and they should be implemented more actively.

Sky is not the limit?

However, the above-mentioned Ethereum 2019 predictions seem to be close to reality compared to forecasts from Nigel Green and Brian Schuster.

Nigel Green: $2,500, and expect a further growth

The CEO of the deVere Group predicts that Ethereum might reach $2,500 and increase even more by 2020. An enormous ETH price ascension will be driven by three factors:

  1. The number of platforms using the Ethereum blockchain is growing significantly.

  2. The use of smart contracts has also increased.

  3. Cloud computing is on its way to decentralization.

To top it off, wide Ethereum adoption by banks and other financial institutions will contribute to ETH integration.

Another key reason for the rally is that there’s a growing awareness of the need and demand for digital, global currencies in a digitalized, globalized world. Ethereum can be expected to solidify its position as the second most valuable and used cryptocurrency token in the world.

Brian Schuster: $10,000 turning into $100,000, if...

...Ethereum replaces gold as the store of value.

Sound like science fiction? The head of Founder Solutions at Ark Capital LLC doesn’t think so. It’s true that replacement of gold with crypto has been discussed by some market observers, though most suppose Bitcoin must be the store of value.

But what if Ethereum takes its place? Then its market cap should be $10 trillion, which means one coin should cost around $100,000!

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Ethereum Price Prediction: ETH Will Be Larger Than Bitcoin Next Couple Years

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Meanwhile on the market

ETH price has fallen by $20
Ethereum price is going down

So far, none of these statements seem to be close to reality: like many other cryptocurrencies, Ethereum seems to be stuck. Its price is fluctuating and has fallen by $20 during the past ten days. To make its way from $100 to at least $1,200, it definitely needs to gain momentum and support.

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.

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About the author

Crypto writer, blockchain geek & Bitcoin holder with a strong belief in the power of cryptocurrency. Veronika combines in-depth analytical approach with creative writing to deliver the texts that both inform and entertain. With hundreds of reviews, SEO articles and marketing texts under the belt, she has experience of working for blockchain Medium channels, Cryptodiffer site and ICOs. Part of U.Today team since 2018, she focuses on crypto price predictions and monitors the market to provide the most relevant info & opinions.

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Those who decide to snitch on initial coin offerings are now rewarded by local authorities in China. 

Sina Finance, one of the largest business newspapers in China, has recently reported that Chinese authorities are extending their clampdown on illegal cryptocurrency fundraising. 

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Why China Fever on Bitcoin is Already Dropping After 1 Month of Blockchain Optimism

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On Nov. 18, China’s financial regulators issued a letter to provincial and municipal government officials in order to prevent illegal fraudulent cases that involve the blockchain technology, claiming that it should be explored "scientifically and rationally." 

The aforementioned article reveals that Chinese citizens are encouraged to report all instances of illegal fundraising. Once their information gets checked and verified by relevant government authorities, they can get a reward from regulators.      

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China's Blockchain Spending Estimated to Reach $2 Billion Dollars by 2023

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As reported by U.Today, blockchain, the technology behind Bitcoin, is now in President Xi Jinping's good graces. It was tempting to assume that China was finally warming up to crypto, but the communist state made it clear that it didn't want to touch cryptocurrencies that is cannot control. 

China was the first to issue a ban on domestic ICOs back in September 2017, which was meant to prevent any losses that stem from engaging in questionable financial activities. The People's Bank of China (PBoC) insisted that 90 percent of all coin offerings were scams. 

 
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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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