As this year is almost over, the Ethereum 2020 price forecast is much more interesting, so we've made sure to include this section as well, be sure to scroll down to the end.
Now let's go.
Before going deeper into Ethereum's price forecast and answering the questions whether Ethereum is a good investment or not, why will Ethereum succeed or fail or when Ethereum's price will go up or down, let's quickly do a brief talk about Ethereum and its history to date.
Even though the price dropped almost 90%, Ethereum was still one of the most active and dynamic projects in 2018, as it saw an increase in developer interest, an expansion of the developer pool, increased growth in useful regulatory certainty for dApps and institutional interest indicating that Ethereum is anything but dead.
There is no doubt that the 2018 bear market was vicious, as Ethereum lost more than 92% of its value, but recovered somewhat from the annual low that fell below $ 100 at some point. However, Ethereum's price has always maintained second place in the cryptocurrency market, ranked by market capitalization, ahead of XRP and BCH .
Higher transaction volume
The Ethereum blockchain experienced growth in active addresses and chain transaction volume in 2018, both of which are good indicators for measuring adoption. The number of unique Ethereum addresses has crossed the 50 million mark, and the rate of creation of unique addresses also increased in 2018.
As of March 2018, the network stabilized at around 50 million ETH processed per month and has fluctuated nominally from month to month since.
The Bitcoin was not the only cryptocurrency to alert the world of traditional finance. Fidelity Investments is launching an institutional platform for Bitcoin and Ethereum and the investment company currently provides financial services for $ 7.2 trillion in assets.
About 200,000 smart contracts have been created and deployed in June since the start of 2018, and that number has grown to more than one million in October and nearly 1.8 million deployed in 2018 to date. This is an increase of almost 25% from one year to the next. The number of successful calls to smart contracts remained constant at 1.2 million per day compared to 2017.
Interest in the Ethereum community is also increasing in general. Reddit community has risen to more than double its size by 2017, from 176,000 in early December 2017 to 418 000 in early December 2018, and several telegrams communities have also more than doubled their users.
Certainly, the Ethereum blockchain remains the most robust smart contract platform there is. Of the first 100 tokens by market capitalization, 96% are constructed from Ethereum . Of the first 1,000 tokens, 89% are made from Ethereum
Ethereum roadmap for 2019
Some of the major updates that will be included in Ethereum 2.0 will be:
- Proof Of Stake & Beacon Chain
Another milestone on the Ethereum roadmap was the Hard Fork of Constantinople which was successfully commissioned in late February. The Ethereum team has defined three important milestones for its roadmap since 2016:
Each of these milestones laid the groundwork for a possible move to Proof OF Stake (Serenity). Byzantium provided essential security. And Constantinople places the pieces to allow the transition to serenity (Casper V2).
# 1. EIP 145 : this introduces bitwise offset, like EVM opcodes. This more efficient coding method can reduce the cost of gas and the number of instructions required.
# 2. EIP 1052 : Optimization of large-scale code execution.
# 3. EIP 1283 : it is based on EIP 1087 and introduces a storage pricing method for developers.
# 4. EIP 1014 : This is Vitalik Buterin's upgrade proposal for a scaling solution based on state channels and "off-chain" transactions.
Our Ethereum price forecast for 2019
ETH , like the rest of the market, is on par with the price action of bitcoin . If bitcoin embarks on a new bull race, ETH can also hope for one. Since this is very unlikely, don't expect a lot of price changes for ETHs this year. 2019 will therefore be a year of boring side action in the cryptocurrency market with minor jumps and slowdowns triggered by Bitcoin . Market capitalization will likely hover around the same level as most of the year: between $ 200 billion and $ 300 billion.
See Holochain's price forecast for 2019
The Bitcoin is the main currency in the markets for crypto-currencies and, given this, altcoins have a tendency to feed the executions of Bitcoin and Bitcoin tends to do the same in return. Given this relationship, the price movements of Bitcoin (or lack thereof) have a tendency to affect prices altcoins.
Vitalik Buterin, co-founder of Ethereum , said:
"There are good ideas, there are many very bad ideas, and there are many very, very bad ideas, and quite a few scams as well"
As a result, over 95% of successful ICOs and cryptocurrency projects will fail and their investors will lose money. The remaining 5% of the projects will become the new Apple, Google or Alibaba in the crypto-industry. Will Ethereum be part of this 5%?
Very high probability of this happening.
Ethereum has an order of magnitude more developers relying on it than any other platform - and that gap is widening day by day. This means that if another blockchain platform wants to beat Ethereum in terms of developer adoption, it is not enough that it catches up with Ethereum's current position - it has to outpace Ethereum's growth rate.in the future. If you don't have developers building apps on your blockchain, you're actually building a ghost town.
The blockchain platform that has the most developers creating real-world applications will be the platform that will get the widest general adoption. And not only is Ethereum a considerable step ahead in this area, but the gap is widening with each passing day.
Ethereum has better tools and infrastructure for DApp development than any other platform. Truffle. Infura. Web3.js. OpenZeppelin. Geth. Ganache. MetaMask. CryptoZombies. MyCrypto. Etherscan. ERC20 and ERC721.
These are tools (among many others) in which different teams of developers have tirelessly spent hundreds of thousands of hours - and they are free to use for any Ethereum developer who wishes to create a DApp on Ethereum .
All this sums up the ETH outside numerous "killers" such as EOS , NEO , ADA , TRX , etc .
Here is a table summary of what major predictors, experts and websites think ETH could be worth in the next few years. We took highs and lows and averaged them at the values listed below.
Year High potential Low potential 2019 $ 211 $ 80 2020 $ 1,365 $ 180 2021 $ 5,000 $ 460 2022 $ 8,000 $ 1,440 2023 - 2025 $ 360,000 $ 8,000
Market forecast for ETH Price 2019
With the market being completely unpredictable, predicting the price of cryptocurrency is really more of a gamble and luck rather than an estimate based on data.
Let's take a look at the prominent publications and personalities, and their predictions regarding the Ethereum award , which will give us another perspective to consider:
Nigel Green Ethereum Price Prediction
The deVere Group, one of the chief executive officers of international financial advisory firms, Nigel Green, predicted that Ethereum would reach more than $ 2,500 by 2019. He pointed out three reasons for the increase in ETH prices : More platforms used for trading and increased demand for digital currencies have increased. the use of smart contracts and the decentralization of cloud computing.
The current technical structure will remain negative as long as the price is below $ 515, but a successful close of 2 hours above this level could perhaps ease the current downward pressure and open the doors to a new bullish wave. On the other hand, the recent low of $ 477.31 could act as a decent support, the next buy area being around $ 450. Overall, Ether could consolidate in the short term, but it risks further losses until there is a break above $ 515.
Trading Beasts Ethereum Price Forecast
According to the website, Trading Beasts, the price of ether could reach $ 908 by the end of 2019, the average price could hover around $ 650. It was a very optimistic price forecast for Ethereum .
Walletinvestor is a popular website that predicts prices based on technical analysis of various cryptocurrencies. According to them, ETH should drop to 15 dollars in one year. This price forecast is very skeptical and probably inaccurate, since the current price is an order of magnitude higher and ETH should implode completely to fall sharply.
Ian McLeod Ethereum Price Prediction
Ian McLeod, an influential technology expert from Thomas Crown Art, predicts that Ethereum could reach something over $ 500 by 2019, as it could experience a global and monumental breakthrough. He mentions that BTC could lose 50% of its crypto market share to ETH in about 5 years.
Digitalcoinprice gave a very positive prediction by saying that by the end of 2019, ETHs could be worth 3 times more than today - $ 304 per piece.
ETH Future: 2020, 2023, 2025
Price forecast ETH 2020
Having a huge brand recognition in one of the most reasonable applications of the blockchain platform - dapps, ETH is optimally positioned to remain a leading cryptocurrency, just behind bitcoin . With a potential bull run induced by bitcoin , it is possible to reach the previous record of $ 1,400.
ETH Price Prediction 2023
If ETH maintains its relevance in the industry and manages to stay ahead of its competition, which is very likely, it could be worth 10 to 100 times more than its historic record.
Price forecast ETH 2025
Again, if TH maintains its relevance in the industry and manages to stay one step ahead of its competitors, it will surely cost 100 times more than it does now.
Realistic forecast of ETH prices
Predicting the prices of new, highly volatile and risky asset classes is a thankless task - the best answer is that no one knows. An educated guess is that the realistic price of ETH for the foreseeable future is somewhere between its current price and its record level.