Crypto coins are in the risky investment group. The common feature of risky investment instruments is their excessive fluctuation. Investment instruments, which are extremely volatile, provide investors with an opportunity for excessive profit in the short term. The coin also has another side: Similarly, these markets can cause serious losses to investors in the short term. An investment tool in this class in Ethereum.
A news, a comment, or a development can have a negative or positive shock effect on Ethereum prices and cause serious fluctuations in prices.
After a whale movement, a security breach in a cryptocurrency exchange, or a regulation decision made in another country, a negative shock effect can be observed on Ethereum prices. Or the launching of a token on the market via the Ethereum blockchain can have a positive effect on Ethereum prices.
Ethereum 2.0 is coming
Ethereum 2.0 is on the way: Ethereum traders are looking forward to Ethereum 2.0. Ethereum 2.0 brings innovation to the Ethreum network in many ways. First of all Ethereum, worth millions of dollars in Ethereum 2.0, will be staked to the system. In this way, Ethereum supply in the market will decrease. Another important development is that the Ethereum blockchain network will speed up significantly. One of the Ethereum developers, Afri Schoedon, said that Ethereum 2.0 will be ready for June / July 2020.
It turned out that the Grayscale Investment Company collected half of the Ethereums excavated in the first quarter of 2020. Grayscale has added approximately 750 thousand more Ethereums to its existing portfolio.
The effects of Ethereum 2.0 are already being observed. To minimize on Ethereum 2.0, it is necessary to stake at least 32 ETH systems. For this reason, there are serious increases in the number of wallets with at least 32 and above ETH. We see this change below.
UK-based accounting and finance company Ernst & Young is getting ready to use the Ethereum blockchain. The giant company has offices in 150 countries. Ernst & Young also has offices in Istanbul, Ankara, Izmir and Bursa in our country. Accounting companies will transfer the data of their taxpayers through blockchain. It will also get support from blockchain cryptography in data storage.
Ethereum estimates vary in the form of short-term, medium-term and long-term Ethereum price estimates. Before moving on to the Ethereum prediction, let's remember some data:
Ethereum record: $ 1,432.88 (January 13, 2018)
Lowest value: $ 0.42 (October 21, 2015)
Record 2020: $ 287 (February 15, 2020)
Bottom value of 2020: $ 88 (March 13, 2020)
In the chart below, we see the change in Ethereum prices throughout 2020.
- Vaibhav Kadikar (CEO of Close Cross): Ethereum estimate for the end of 2020 is $ 1,000.
- Joseph Raczynski (Analyst and commentator): Long-term Ethereum estimate is $ 1,200.
- Olaf Carlson-Wee (Polychain CEO): Long-term Ethereum estimate: $ 7,000.
- Craig Russo (CEO of Peer): 2021 Ethereum estimate is $ 1,400.
We see the estimates of the other tirers below.