Ethereum Price Prediction

  • By xcrypto
  • October 22, 2018
  • Comments Off on Ethereum Price Prediction

Ethereum Prediction by Analysis & Research:

 

Ethereum, the second largest cryptocurrency in the world.

While by market capitalization, it is facing major devaluation as

its value has been dropping at a major scale since a last month before.

It has sunk into a 14-month low two days back, where it reached

as low as $188.31- the lowest since August 2017.

That was followed by a sharp 8.5% spike which returned the coin

back above the $200 range.

The longer-term numbers for Ethereum are just as terrifying,

with a 69.5% shortfall coming in the last thirty days.

The gap between Ethereum and Bitcoin seems to be growing larger,

with Bitcoin on 5% growth for the last month and Ethereum continues to fall.

Ethereum is trying to be bigger and better than simple currencies like

bitcoin, but this might also be its downfall.

Although with all those downfalls, it is still in the race.

Ethereum:

Ethereum

 

Ethereum is a global asset which can be bought and sold by anyone

in the world.

And also it is a decentralized blockchain platform on which decentralized applications

can be built.

It allows developers to create smart contracts, which automatically

execute tasks when specific conditions are met, and also runs using a

cryptocurrency token known as Ether.

Being the second largest after Bitcoin, Ethereum has attracted plenty

of attention around the world.

Ethereum began out of a need to see bitcoin’s underlying technology

– the blockchain.

That used for something different than simply sending currency from

one user to another.

Vitalik Buterin, the creator of Ethereum, built the system to be a “world computer”

incorporating a virtual machine (EVM), a Turing-complete language (Solidity, Viper),

a token (ETH), and fuel (gas).

Facts:

Coin Name : Ethereum
Symbol        : ETH
Algorithm  : Ethash
Type
Mine-able   : Yes
Launch        : 30 July 2015
Date
Creator        : Vitalik Buterin

The factors which influence its price are varied, unknown and

often unexpected.

Therefore, The challenge of accurately predicting the price of Ether is confounded

by the asset itself.

Cryptocurrencies are an entirely new asset class, the economics behind

them and the real value to attribute is not well understood.

Pundits and forecasters try to create predictions by “reading charts”,

speculating on regulation and anticipating adoption, but these predictions

are centralized and invariably wrong for the reasons above.

Ethereum has been gathering a lot of interest amongst the cryptizens.

Because it has lead ETH market capitalization to reach 23.2 Billion USD

with almost 102,484,215 ETH as its current circulating supply.

 

According to a forecast from Mike McGlone:

Bloomberg Intelligence strategist, Ethereum may fall further to a

“support target of 155 USD,” due to increasing competition from upcoming

DApp/smart contract-focused blockchains, overall market volatility,

and a maturing industry.

What does the future hold for the value of Ethereum (ETH)?

Ethereum’s competition:

In the crowded cryptocurrency market, Ethereum will also face competition

from a variety of other blockchain projects.

Hence, the performance and development of those competitors could have

positive or negative implications for the value of ETH.

It’s main competitors:

Ethereum

 

– Bitcoin(BTC)

The very price performance of Bitcoin do often changes the significance

effect on the value of other cryptocurrencies.

Being the most two global crypto-currency, it serve the major functions to others.

Thus, definitely the Bitcoin is it’s major competitors.

 

-Ethereum Classic (ETC)

Ethereum’s myriad potential use cases in the real world make it a project

many are watching with great interest.

Also the battle to solve scalability issues to improve transaction speeds and

lower fees will be crucial.

Cryptocurrencies are complex and highly speculative, and also buying any form

of digital currency comes with a high level of risk.

It’s essential to understand and appreciate those risks before making any purchases.

Similarly the other below Crypto-Currencies are also serve as a competitor to Ethereum:

-NEO (NEO)
-Ripple (XRP)
-Stratis (STRAT)
-EOS (EOS)
-Waves(WAVES)

 

Price Predictions:

Cryptocurrencies have a well-deserved reputation for volatility.

And a look back at a graph charting the performance of ETH over the past

year will show substantial fluctuations.

With this in mind, it’s extremely difficult to make an accurate prediction

of where the price of Ethereum or any other cryptocurrency is headed in the future.

There are latest Price Preditiction of Ethereum by various intelliengents and

devoted crypto traders, that let us to think again and even more towards ethereum.

Finally, Users are incentivized to make honest predictions as the correct outcome

will reward them with Ether, while an incorrect one will lose them their stake.

The total USD staked in each market can also be seen in the table below:

As per the website “ethereum-price” that is by Augur.net
the prediction follows on as:

 

Ethereum

What does the future hold for Ethereum?

The upcoming next 12 months, the main focus for Ethereum will be on

solving the problem of scalability.

If this can be successfully achieved, the project is well placed to seek out

further growth opportunities in the future.

Having earned itself a strong position in the crypto sphere thanks to the many

potential real-world uses for its technology, not to mention partnerships with

some big players in the corporate world.

Above all Ethereum looks like a digital currency with plenty of potential.

Ongoing upgrades and continuing development are needed to help

the platform rise to the challenge thrown down almost by the competition.

Cryptocurrencies are complex and highly speculative, and buying any form

of digital currency comes with a high level of risk.

It’s essential to understand and appreciate those risks before making any purchases.

Ethereum’s myriad potential use cases in the real world make it a project

many are watching with great interest, and the battle to solve scalability

issues to improve transaction speeds and lower fees will be crucial.

 

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