Ethereum 2.0, the new major update code, was recently released by ETH developers, which is designed to facilitate communication between network codes , and is called the Hobbit. Ethereum works better than Bitcoin, as stated by ConsenSys, Enterprise Ethereum Alliance, smart contracts and ICO.
Recently Electric Company Report, Company ofcrypto-Asset Management, said that the development of Ethereum twice more than the development of the Bitcoin, given the current scenario. A couple of days ago, Sparkpool, the Ethereum mining pool, received a payment of more than 2000 ETH for the mining of one block only. Recently, the company officially released its first preliminary release of the zero phase when moving to Ethereum 2.0 (Serenity). This is intended to make Ethereum better and faster. The final completion date is set sometime in 2021.
The Ethereum roadmap was divided into five main parts, with Byzantium and Constantinople being part of one phase, called Metropolis, which is mentioned in the Ethereum roadmap for January 2019. This is a huge step in the Ethereum’s approach to success. Either way, the Ethereum update should also happen sometime in late February. Vitaly Buterin told about the future of Ethereum scaling at his TechCrunch Sessions Blockchain event in the Swiss “crypto-valley”, saying that the demand for using publicly available blockchains is high, and we need to increase stability to meet this demand.
The year 2019 looks rosy for Ethereum, since HTC Blockchain Phone Exodus 1 ( which only accepts Bitcoin and Ethereum) has already been launched on December 12, 2018 and is ready for purchase. It is expected that even Ethereum will test its hard fork in Constantinople in February 2019, where the start time of the blocks will increase, and by May 2019 it is expected that the complexity bomb will reach the 30-second block time. Joseph Lubin, one of the creators of Ethereum and the founder of ConsenSys, wrote that price cuts do not matter much, look at the level of adoption of Ethereum, it does not decrease at all.
Ethereum is of great interest among the cryptisans, which led to the fact that the market capitalization of ETH reached 10.5 billion dollars. US with 105,992,653 ETH as current negotiable offer.
What is Ethereum (ETH)?
Ethereum, presented by Vitalik Buterin, attracted a lot of attention of crypto enthusiasts to taking the second position with the largest market capitalization. Ethereum, as a platform, allows dozens of cryptocurrencies to exist without creating their own blockchain technology. Ethereum allows developers to create smart contracts that automatically perform tasks when certain stated conditions are met.
Ethereum performs two main functions: it provides uninterrupted operation, compensating mining nodes, and pays people on the platform of smart contracts.
Market Forecast for Ethereum 2019 Price
In the conditions of market instability and a sudden drop in prices for air, forecasting the price of cryptocurrency is not an easy task.
Let’s take a look at outstanding publications and personalities, as well as their assertion regarding the forecasting of prices for Ethereum (ETH), which will give us a fairer idea:
# 1 Joseph Raczynski Ethereum Price Forecast 2019
Joe Technologist.com’s founder and blockchain enthusiast with 153K follower Joseph Raczynski predicts that Ethereum’s value could reach $ 1,200 by the end of 2019. He even stated that the ETH network has the largest developer community and that Ethereum proves the Concept is popular among institutional investors.
# 2 Jan MacLeod Ethereum Price Forecast 2019
Ian MacLeod, an influential technology expert at Thomas Crown Art, predicts that Ethereum could achieve something over 500 dollars by 2019, as it can survive a global and monumental breakthrough. He mentions that BTC may lose 50% of its cryptographic market share to ETH in 5 years or so.
# 3 Nigel Green Ethereum Price Forecast 2019
DeVere Group, one of the general directors of international consulting companies Nigel Green, predicted that Ethereum will reach more than $ 2,500 by 2019. He named three reasons for the increase in ETH prices – an increase in the number of platforms used for trading and an increase in demand for digital currencies. the use of smart contracts and the decentralization of cloud computing.
# 4 Forecasting the price of trading animals Ethereum 2019
According to the Trading Beasts website, the price of Ether may reach $ 908 by the end of 2019, the average price may be around $ 650. It was a very conservative, but realistic price forecast for Ethereum.
# 5 Brian Schuster Ethereum Price Forecast 2019
Founder of Ark Capital LLC Brian Schuster made a very optimistic forecast. He believes that Ethereum could reach $ 100,000 in 5 years or so, and eventually replace crypto gold.
Our Ethereum Price Forecast Verdict
Despite the fact that the cryptographic market has seen a downside with respect to the end of 2018, Ethereum is going to take up the wave in the coming year, and this may affect about $ 1,400 in 2019 , due to growth and development is planned in ETH’s road map . Eric Wall, a cryptocurrency researcher at Cinnober, said that blockchain projects that last year attracted Ether to hundreds of millions of dollars led to a loss of a digital asset in the cryptocurrency market, creating a domino effect on major exchanges around the world.
One of the engineers at Ethereum Virtual Machine (EVM) recently published information about the Devcon4 conference, which took place two months ago, and ETH co-founders Vitaly Buterin and Joseph Lubin were also present.
He mentioned that the meeting was convened mainly to discuss updates to the Ethereum network (for example, the introduction of storage fees for smart contracts), also labeled Ethereum 1x, which can be implemented in mid-2019.
Price forecast for Ethereum 2019
At 2019, Ethereum can greatly increase its price and fully take an upward turn. We assume that in the coming months the mass introduction of this cryptocurrency will be predictable. We expect that in 2019, Ethereum could grow with a strong capitalization and, therefore, a specific value per coin. Frequent ups and downs are possible in the first and second quarter. From the third quarter, it will start to grow at a steady pace from 484 dollars in July to 1,449.89 dollars in 2019.
Price forecast for Ethereum 2020
2020 will be the most wonderful year for Ethereum and other cryptocurrencies. This year, dApps will see tremendous recognition. In the first quarter, the highest figure could be $ 2,100, and the minimum – $ 1,929 in January.
The second quarter may turn around around $ 2,600. But after that, he again begins to decline to the level of $ 2480.
Price forecast for Ethereum after 5 years
According to the forecast and algorithmic analysis, the price of 1 Ethereum (ETH) in 2023 will be about 3844 dollars.
Thus, Ethereum is certainly one of the best options you can invest in right now. However, you need to look at the huge increase in Ethereum prices in recent months. Thus, it should not be a surprise that the price of Ethereum can reduce its value in the short term.
However, in the long run, you can be sure that the price of Ethereum will rise. You can convert ETH to BTC from CoinSwitch at the best prices.