Ethereum price predictions 2019. Ethereum is the 2nd most valued cryptocurrency currently. Naturally, people will be intrigued by the opportunity which Ethereum cryptocurrency provides. This is the reason why investors are trying to find out about Ethereum price predictions 2019.
Most of the cryptocurrency experts with whom we will speak are actually bullish on Ethereum cryptocurrency. We will today discuss some of the Ethereum price predictions 2019.
Ethereum price predictions 2019:
Most of the cryptocurrency enthusiasts are so bullish on the cryptocurrency that they think that within 5 years, it will be trading at least around $ 6700. This is a significant increase from the current prices.
The reasons behind the rise of Ethereum are plenty. Ethereum is used as a platform these days by a wide variety of ICOs as well as other cryptocurrencies.
The smart contracts capability of Ethereum is 2nd to none. Many corporations, as well as business houses, are using the smart contracts capability of Ethereum in order to create their own products as well. This is further making Ethereum more and more popular as well. As the platform becomes widely used, it will gain more and more movement and this will increase the price of the cryptocurrency as well. As the decentralized usage of the platform becomes more and more popular, the demand for the cryptocurrency will also increase.
Moreover, there are quite a few companies which are solely working on the Ethereum blockchain rather than the Bitcoin-based blockchain. Thus, the prominence which it will be able to achieve will be much higher as compared to the Bitcoin-based blockchain. The underlying technology seems to be pretty strong as well. This is the reason why the predictions in the year 2019 as well as thereafter are actually pretty positive.
If you’re looking for a cryptocurrency in which you can invest in at the current prices, Ethereum looks like a safe bet. Moreover, with strong applications and underlying usage, you can be sure that it is not just another inflated cryptocurrency. It offers great value as compared to some of the other cryptocurrency tokens. Also, with a significant amount of market cap, the volatility is comparatively on the lower side which will provide you with some degree of stability in your portfolio.
Ethereum (ETH) at Risk of Drowning into the Double Digits
Ether is at risk of going into double digits because the next support area for the cryptocurrency is at the $100 position. There’s a psychological and technical support. Which is why the support line is very important. The last time ETH saw these levels was May 2017. At the time, the digital asset had formed a support of $91.
This clearly indicates that if the price of the digital asset breaks the psychological and technical support area of $100; it can drop to $91. This is the primary reason why it is crucial for the digital asset to retain the $100 support of area. The issue is that the downside momentum is ferocious to the point that it might break $100 as well.
Double digits for ETH is now becoming more of a possibility rather than an imagination. Hence, the reason why investors remain sceptical about Ethereum (ETH) considering the significant amount of value it has lost.
Ethereum (ETH) Has Lost a Significant Portion of its Value Compared to the Other Top Assets
As mentioned above Ether has lost a huge portion of its value. The figure stands at 90% as of press time. Among the top three virtual currencies, none of have lost such a huge amount of value. Ethereum’s value erosion is nothing short of enormous. And with the Initial Coin Offering market now in trouble, it appears the issues Ethereum (ETH) is facing isn’t about to end anytime.