Ethereum (ETH) Price Predictions For 2019 And 2020 – Main Reasons For A Potential Price Surge

Ethereum’s price continued to drop recently and by the look of things, it seems that the rate at which the price is falling is higher compared to other important tokens in the top ten.

This downward trend managed to surprise investors and triggered a lot of concern among the ETH holders.

Everyone’s wondering where the coin is headed and what could happen this year.

Currently, ETH is trading in the red and the coin is priced at $125.75 on CoinMarketCap.

Price predictions for 2019 and 2020

ETH is a fast emerging crypto and investors are looking at it as a long-term investment choice. Usability and application of the coin are important issues to bring up when we’re looking at price predictions.

The appreciation of its value depends a lot on these two factors.

Ethereum offers decentralized processing power and bandwidth and this makes it different from other coins.

This also means that ETH definitely has the possibility of surging in the future.

“By the end of 2019, it is expected that Ethereum would be somewhere around $500. Similarly, by the end of the year 2020, it is assumed that Ethereum would be around $ 2,000,” Smartereum writes.

Main reasons for which ETH can surge

The same online publication notes three main reasons for which ETH could surge in the future. Here’s why such bold predictions about the coin’s value are possible:

  • Increasing application uses
  • More companies adopting decentralized cloud-based applications
  • Enhanced usage of smart contracts

ETH, one of your best bets for 2019

Forbes begins 2019 by looking at the best-featured cryptos so far.

Here are the four best cryptos to choose in 2019, according to Forbes: ETH, XRP, TRX, and Apollo.

“Interest in Ethereum also comes from businesses and organizations that can deploy their own Ethereum-based blockchain within the private or consortium model,” Forbes noted in the same article.


Companies Mentioned

CoinMarketCap
CoinMarketCap

CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.

Trending news

Top Exchanges
Icon
CEX.IO

3

Website

Icon
Coinbase

2

Website

Icon
Binance

1

Website

Top Casinos
Icon
7bitcasino

4.20

Website

Icon
BitStarz

5

Website

Icon
FortuneJack

4.55

Website

Top Sportsbook
Icon
1xBit

4.03

Website

Icon
Nitrogen Sports

4.73

Website

Icon
SportBet.io

4.60

Website

Eduard Watson Author

An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.

2080 Articles

Top Exchanges
Icon
CEX.IO

3

Website

Icon
Coinbase

2

Website

Icon
Binance

1

Website

Top Casinos
Icon
7bitcasino

4.20

Website

Icon
BitStarz

4.93

Website

Icon
FortuneJack

4.90

Website

Top Sportsbook
Icon
1xBit

4.03

Website

Icon
Nitrogen Sports

4.73

Website

Icon
SportBet.io

4.60

Website

Trending news