Ethereum price prediction 2019, will Ethereum recover, will Ethereum go back up, why is Ethereum falling? These are just some of the many questions members of the cryptocurrency community (especially the Ethereum community) have been asking for months now. The truth is that there is no straight answer to the question; will Ethereum recover? However, considering the fact that the Ethereum price prediction 2019 has been positive since the beginning of the year, it’s safe to say that there is hope for the price of Ethereum to recover.
Ethereum Price Prediction 2019: Will Ethereum Recover?
Many well-known cryptocurrency analysts have predicted that the price of ETH is going to be bullish throughout the year. While some have made predictions that ETH will rise as high as $200, some other predictions have been rather bold. One of the Ethereum price predictions 2019 that has sparked up controversy in the cryptocurrency community is the one on CoinSwitch. The writer predicted that Ethereum (ETH) will move as high as $484 in July and $1450 in 2019.
At its peak, the Ethereum (ETH) price was around the $1450 level. So, it’s not unreasonable to expect it to move this high eventually. The reason why the prediction is difficult to believe is that the timeline appears unrealistic. At the time of writing, Ethereum (ETH) was trading at $136.74 on CoinMarketCap. This means that it is down by 0.60% against the USD and down by 0.42% against BTC. The trading volume over a 24 hour period is $4,061,645,041 and the market capitalization is $14,410,328,793. Rising from $136.74 to $484 and eventually, $1450 appears far-fetched even for the second largest cryptocurrency per market capitalization.
Ethereum Price Prediction 2019: Will Ethereum Go Up Again?
Why did CoinSwitch make such a bold Ethereum price prediction? Well, for starters, there are a lot of positive developments surrounding the Ethereum blockchain at this time. The writer pointed out that the development going on within the Ethereum blockchain is far better than what is happening within the Bitcoin blockchain. Following the Ethereum Constantinople hard fork, the Ethereum development team is working hard to make sure that other upgrades happen on schedule until they finally get to Ethereum 2.0, the final version.
Apart from the work within the Ethereum development community, Ethereum has also become the choice platform for most traditional businesses that want to benefit from the cryptocurrency frenzy. For example, the HTC blockchain phone Exodus 1 is going to accept Ethereum and Bitcoin. The Samsung Galaxy S10 series also has an Ethereum wallet. This is going to lead in a surge in adoption and eventual a rise in the value of Ethereum.
Ethereum’s Vitalik Buterin, is also certain that the Ethereum blockchain is here to say. In a recent article by smarttest.wpmudev.host, it was revealed that Vitalik Buterin’s main cryptocurrency wallet still holds a significant amount of ETH. This means that the Ethereum creator is confident that the Ethereum blockchain isn’t going anywhere irrespective of the increased competition from networks like EOS, and Tron. He recently said that he would lose some hope in humanity if Tron ever displaced Ethereum.
What do you think about the Ethereum price prediction 2019? Will Ethereum recover? Will Ethereum go back up? Share your comments below.
Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.