A report released by the popular CoinGecko blog was the latest report which detailed what it found on Ethereum during the third quarter of this year.
Where Is Ethereum Going? 5 Predictions for Ether Price and Value in 2018
Ethereum (ETH) Price Today – BTC / USD
What did they find?
Some of the details that were included showed some negative statistics for the second biggest cryptocurrency, Ethereum. Litecoin, XRP, Bitcoin Cash and Bitcoin have shown a positive year on year returns however, Ethereum didn’t seem to deliver as it has fallen by around 22 percent since the second quarter of the year which has left many investors rung out.
A drop in popularity
The aforementioned figures are most likely to account for all the hype which surrounds Bitcoin and the other digital currencies in the market during the late months of last year. As we all know, during this time Bitcoin nearly hit the $20,000 mark and while a few months later Ethereum would reach the $1,400 level this was still a big feat. This led to a popularity which would then see bearish movement and ultimately a refusal to let up and has remained with us during most of this year.
$2500 by 2019:
According to a consulting firm, deVere Group, the value of Ethereum will be around $ 2500 in 2019. They are also expecting a further increase in the year 2020. As a result, the price of Ethereum will go on rising. The attribute to this is the increasing use of the platform.
Larger than Bitcoin:
According to Roger Ver, Ethereum will overtake Bitcoin in terms of market capitalization. Also, this will be followed by Bitcoin Cash overtaking Bitcoin. Thus, he expects that Bitcoin will be ranked lower and Ethereum and Bitcoin cash will be above Bitcoin.
$1500 by the end of this year:
According to the co-founder of Reddit, Ethereum will rise to around $ 1500 in 2019. He further added that Bitcoin will be around $ 20,000. He has also stated publicly that people can call out if he’s wrong.
Ethereum going past Bitcoin:
According to the CEO of Polychain Capital, Carlson-Wee, Ethereum will be going past Bitcoin. According to him, Ethereum is allowing users to build applications which were not imaginable a few years earlier. That is why; the rise in Ethereum will be significant. He further stated that the kind of development which Ethereum is making possible is close to sci-fi. It will not only change the payment industry but it will also change the way in which people store wealth. As a result, the potential in Ethereum is pretty huge and it will continue to rise in the future.
Multiplied by 3 times:
According to the co-creator of Ethereum, Steven Nerayoff, the market cap of Ethereum will increase to $ 110 billion. This is almost 3 times rise from the current market cap. This is the reason why it can actually increase significantly. According to him, the number of products which are being built on the Ethereum blockchain are ever increasing. This is the reason why the value of Ethereum will also increase significantly.
Here are the five predictions you need to know about:
$2,500 in 2019
The price of the Ether token could surge past its all-time high over the next few months, according to the head of a financial consulting firm.
“The price of Ethereum is predicted to increase significantly this year, and could hit $2,500 and a further increase in 2019 and 2020,” Nigel Green, founder and CEO of deVere Group, told MarketWatch in a story published on April 27, 2018.
This boost will come from three drivers: more platforms using Ethereum to trade, the decentralization of cloud computing where Ethereum can play a big role, and the increased use of the cryptocurrency’s smart contracts.
Bigger Than Bitcoin This Year
Ethereum could move past Bitcoin this year, according to Roger Ver. In an interview with The Independent last week, the investor said that the change is “imminent,” followed by Bitcoin Cash overtaking Bitcoin by 2020.
Ver told Hard Fork in an interview shared on February 25, 2018 that a “flippening” is “more likely than not…Ethereum only has to double in price one more time in order to surpass Bitcoin’s market cap.”
#Flippening’ Between #Bitcoin & #Ethereum Will #Happen in 2018 pic.twitter.com/9kRulBJaib
— Bitcoin and Crypto Lover (@CarlosRoche1678) May 14, 2018
In fact, Ver went as far as to say the only people who will be surprised by this change are “the Bitcoin Core supporters” that have “convinced themselves that good is bad, up is down,” and are “living in nonsense land.” Ver highlighted high transaction fees and delays as downsides to Bitcoin.
$1,500 in 2019
Reddit co-founder Alexis Ohanian gave a rather more conservative prediction to Fortune, predicting a rise of around $100 part its all-time high.
“At the end of the year, Bitcoin will be at $20,000. And Ethereum will be at $15,000,” he told the publication, later noting that he misspoke and intended to say Ethereum would hit $1,500. “Great, now people can call me out if I’m wrong.”
He said this rise would be fueled by apps like CryptoKitties, which show the cryptocurrency’s potential.
Sci-Fi Boosting Ethereum Past Bitcoin
Olaf Carlson-Wee, CEO of Polychain Capital and notably the first Coinbase employee, made a bold prediction in an interview with Bloomberg in December 2017. Claiming that “the types of things we’re seeing built on Ethereum are almost a bit sci-fi,” Carlson Wee reiterated his claim from May of that year in 2019, Ethereum would surpass Bitcoin in terms of value.
“It’s beyond anything that you would reasonably think was possible,” Carlson-Wee said. “So, to me, a lot of what I’m interested in are the applications that will be natively enabled by this technology. Not an improvement in payment speed or an improvement in store of wealth, where there are many other services that offer those things. But like the internet, the most breakthrough things built on the internet were not possible in an analog world.”
Three Times Bigger in 2019
Ethereum’s co-creator Steven Nerayoff said at the start of this year that the cryptocurrency could grow three times bigger than its then-market cap of $110 billion. This is because businesses are realizing the potential for its uses, suggesting an upcoming boom in areas like oil and gas. Its fast transaction processing time is also a big benefit.
“What you’re seeing with Ethereum is exponential increase in the number of projects — there are billions of dollars being poured into the ecosystem right now — maybe 10 times more projects this year than last year, which could easily lead to a doubling, probably a tripling in price by the end of the year,” Nerayoff told CNBC on January 8.
This doesn’t mean he thinks it will overtake Bitcoin, though. Nerayoff said the “entire space is increasing,” with huge public interest and a wide variety of options for consumers to invest.
Ethereum is the second most popular cryptocurrency in the world. Nearly 2,000 projects have been built on their blockchain at the time of writing, with more popping up seemingly every day. Their global community is massive and wildly enthusiastic.
Yet, the price of ETH has taken a huge hit in 2018. It has plummeted nearly 90% from its all-time high of more than US$1,400 in January, hitting as low as $170 in September. This has caused a lot of alarm and panic among the Ethereum community.
However, even though we’ve suffered through a serious bear market this year, there are still many crypto experts and enthusiasts that are confident that the price of ETH will recover and rise in the medium to long term.
We have consolidated a wide range of ETH price predictions made by leading cryptocurrency authorities in one article to provide a better picture on what the future may hold for Ethereum.
Be sure to keep in mind that it is impossible to accurately predict the future, especially in the highly volatile world of crypto. Some of these predictions were made earlier in the year when ether’s price was much higher, as well. These predictions should not to be taken as financial advice.
With these caveats in mind, here are 10 Ethereum price predictions to shed some light on the potential future of the world’s #2 cryptocurrency.
Ethereum Price Prediction: Should I buy or will Ethereum crash?
It’s 2019 and cryptocurrency is everywhere. You’re hearing about it on the news, at work, in the gym, and now even your Grandmother is asking you what it is. Price predictions, especially Ethereum price prediction is the trending topic right now.Three years ago, it was nowhere near as popular. It was only in 2017 that cryptocurrency really started to be noticed. In December 2017, the prices of cryptocurrencies got really, really high. The popularity of cryptocurrencies increased a lot.The cryptocurrencies that were talked about the most were Bitcoin and Ethereum. Bitcoin and Ethereum price predictions were in the news every single day. The future of Ethereum and Bitcoin were some of the biggest trends on Twitter, and they still are.In this guide, it is the Ethereum price prediction that I am covering. If you’re interested in Bitcoin predictions, read our Bitcoin Price Prediction guide.After reading this, you will:
- Have a good understanding of how Ethereum predictions work
- Know what the experts think about the future of Ethereum
- Know how the Ethereum price has changed in the past
- Even be able to make your own Ethereum price prediction!
Bobby Ullery, CTO of Waysay
I think Bitcoin and Ethereum will share a $4.5 trillion market cap by 2020.
[Ether] is a little harder to calculate due to the somewhat unknown supply of Ether in the future, how Proof-of-Stake might change new Ether issuance, and the impact that the Ice Age will have on time between new ETH issuance.
The original 2014 issuance model, stated a projection of ~162 million ETH in circulation in 2020, however Vitalik has said it would be closer to 100 million, so for our rough math we’ll use 100 million ETH.
$1,137,500,000,000 divided by 100,000,000 = $11,375 per coin, ~+4,000% from today.
Roger Ver, CEO of Bitcoin.com
I see it happening, and I believe it’s imminent. Ethereum could overtake Bitcoin by the end of the year and Bitcoin Cash could do the same before 2020.
Nigel Green, CEO of deVere Group
The price of Ethereum is predicted to increase significantly this year, and could hit $2,500 and a further increase in 2019 and 2020.
This general upswing will be fueled by 3 main drivers. First, more and more platforms are using Ethereum as a means of trading. Second, the increased use of smart contracts by Ethereum. And third, the decentralization of cloud computing.
Marouane Garcon, Managing Director of Amulet
[Ethereum has] several developments coming up including Casper, which I expect will send the price propelling towards $1,000.
Right now is a great time to accumulate to get ready for Casper.
The only reason I say to be cautious is because the rollout of Casper may stumble out the gate due to it being such a major development to deploy.
Alexis Ohanian, Co-Founder of Reddit
I’m most bullish about Ethereum simply because people are actually building on it. It’s still early days, but you know, we’ve got a few CryptoKitties.
It’s easy to laugh at, but I think the first version of so many things looks like a toy and often has something to do with cats. It’s because the Internet loves cats.
In 2019, Ethereum will be at $1,500. Great, now people can call me out if I’m wrong.
Steven Nerayoff, CEO & Founder of Alchemist
What you’re seeing with Ethereum is exponential increase in the number of projects — there are billions of dollars being poured into the ecosystem right now — maybe 10 times more projects this year than last year, which could easily lead to a doubling, probably a tripling in price by the end of the year.
Lower transactional costs are increasing usage of the entire network, and that’s increasing the network effects of it. There are more users, more projects being built on there and more programmers.
Olaf Carlson-Wee, CEO of Polychain Capital
[Last time…] I said Ethereum would pass Bitcoin by the end of 2018. I would actually hold to that right now… I would.
It’s because of the more advanced capabilities of the protocol, so the types of things we’re seeing built on Ethereum are almost a bit sci-fi. It’s beyond anything that you would reasonably think was possible.
Brian Schuster, Head of Founder Solutions at Ark Capital LLC
What if you believe that Ethereum is less like one individual business and more like a store of value, like gold?
This gives us a potential market capitalization of roughly $10 trillion, leading us to believe that the price of Ethereum might rise as high as $100,000 per coin.
We might even go one step further and say that Ethereum is not like one asset, but an asset to replace all currency that exists.
In that case, the market capitalization would have the potential of reaching $100 trillion, leading us to believe the price of Ethereum might rise as high as $1,000,000 per coin.
People tend to take price predictions as gospel and make poor decisions based on even the most tempered recommendations.
A big topic of cryptocurrency speculation at present is the future of Ethereum (ETH).
Will Ether ever reach $10,000? My answer is simple: I don’t know, and I’m not going to tell you that it will.
Matias Dorta, Founder of ICO Informer
My prediction for Ethereum is $2,000++ by 2020.
Craig Russo, Co-founder ofsludgefeed.com
Your guess is as good as mine. My prediction for Ethereum is $2,000 to $3,000 by 2020.
Brandon Quittem, Cryptocurrency Analyst & Writer
My 2020 Ethereum estimate is $5,000, roughly 10x of today’s price.
Supply and Demand
Oil is a perfect example of supply and demand. When there is too much supply (oil) and not enough demand (people wanting to buy oil), the price of the supply becomes cheaper. This is the same for Ether and other cryptocurrencies and it reflects in the Ethereum price predictions.One of the biggest reasons for a big change in supply and demand is the media.
When there is good news about Ethereum or an expert gives a new Ethereum price prediction that says the Ether price is going to rise, the market listens! Lots of people start trying to buy Ether, and the sellers don’t want to sell it. So, what do the buyers do? They start offering a higher price to buy the Ether from the sellers.When there is bad news about Ethereum, what do you think happens? That’s right… lots of people start trying to sell their Ether. But, there aren’t enough buyers now to buy all the Ether that is being sold. So, what do the sellers do? They start offering a lower price to sell their Ether quickly to the first person that wants to buy Ether. Now that you know why the price of Ether changes, let’s take a look at some Ethereum predictions! With your new knowledge, you’ll have a much better understanding of how each expert has made their Ethereum price prediction.
The Future of Ethereum
The questions that everyone wants the answers to! Will Ethereum rise? Will Ethereum crash? It’s always best to ask an expert, so here’s what Ethereum price predictions they have.
Ethereum Predictions 2019
Are you wondering what the Ethereum price might be at the end of the year? Let’s take a look at some Ethereum price predictions 2018.
Blockchain Advisor and Entrepreneur, Brian Schuster
Mr. Schuster seems very confident about Ethereum and cryptocurrency in general. His Ethereum price prediction was that the price of Ether could be $100,000 by the end of 2018! That was huge! He said that the total cryptocurrency market cap could get to $10 trillion at the end of the year, and that is why he thinks the Ether price could be more than $100,000. Note: Ethereum’s ‘market cap’ is the total value of all Ether together. So, the ‘total cryptocurrency market cap’ is the total value of all cryptocurrency coins together. That means Bitcoin, Ethereum, Litecoin, Ripple and all other cryptos together.
Ethereum Co-Creator, Steven Nerayoff
An Ethereum forecast from one of the founders of Ethereum. Interesting! Just like Mr. Schuster, Steven is confident about Ethereum. His Ethereum forecast isn’t as huge as Mr. Schuster’s, but it is still very positive — Steven has predicted that the price of Ether could triple in 2019.
Ethereum Founder, Vitalik Buterin
Vitalik has said is that 2019 will be the year of “ETH in action”. But, that’s all he’s said. He hasn’t predicted a certain Ethereum price. So, while Vitalik Buterin’s Ethereum forecast for 2019 doesn’t mention a price, it is still a very good thing for Ethereum. If 2019 is the year of ETH in action, we can only guess that the price is going to have a good year too!
Will Ethereum Crash?
When it comes to discussing Ethereum crash, many Ethereum price predictions tend to look skeptical at it. Many think of Ethereum as the soil of cryptocurrency — so many things are built on it. For these reasons, it is hard to imagine that Ethereum will crash without then recovering afterwards. By this, we mean that if Ethereum did crash, we believe the price would go back up eventually.
This doesn’t mean that it won’t happen. Just like every cryptocurrency, stock and commodity (gold, silver, oil etc.), Ethereum could crash.…and guess what?It’s happened before.
You now know how Ethereum price predictions are made, and what the experts are saying about the future of Ethereum. It’s always important to remember, though, that Ethereum predictions are just what they say they are — predictions. Nobody knows what the future is! There isn’t a single person in the world that knows what the price of Ether will be tomorrow, next week or next year. It’s impossible! All we can do is predict. By using the information in this guide and following the progress of Ethereum, you can make your own Ethereum price predictions too! If you have an Ethereum prediction of your own, be sure to let us know!
Important note: You should always speak to a financial advisor before making any major investments and never invest more than you can afford to lose.Disclaimer: There are also other ways to predict the price of Ethereum, like chart analysis. This involves reading a lot of charts and graphs and using them to guess how the price will change. I don’t recommend using chart analysis to make your decision as to whether or not you want to buy Ethereum, which is why I didn’t talk much about it in this guide.(There is nothing wrong with using chart analysis to make predictions, but I don’t recommend that you buy or sell Ethereum just because of how a chart looked!)
What do you think about the future of Ethereum and its price? Let us know in the comments below! Keywords: will ethereum rise again, will ethereum recover, will ethereum rise reddit, ethereum price speculation, ethereum price predictions 2020, what will ethereum be worth, will ethereum rise today, ethereum price predictions 2019