Ethereum Price Prediction

Anisa Batabyal
| 16 September, 2020 | 2 min

Ethereum Forecast: Live Ethereum Price 2020

  • ETH/USD Live Price

Currently, ETH/USD Live price suggests that Ethereum is trading at $365.32, with a decrease of 2.3% today. The 24-hour price movements indicate that $18,850,333,994 worth of ETH was trading.

  • ETH/INR Live Price

Currently, ETH/INR Live price suggests that Ethereum is trading at Rs 26,861.06, with a decrease of 2.3% today.

About Ethereum Price Prediction

Ethereum Price has been predicted by many enthusiasts and experts across the world. We have done a thorough research and collated all the critical topics relating to the Ethereum price prediction. As the market is volatile, the price might vary in the near future.

Table of Contents

Ethereum 2.0, an update on the ethereum blockchain is scheduled for November. The network has been stretched to its limit with the rise of DeFi and it is already too expensive for small transactions. The upgraded version is expected to increase the scalability of the network to 1,00,000 transactions per second, moving the blockchain from energy-intensive POW to POS. 

The upgrade seems to work smoothly in its Medella testnet and will soon undergo a second round of its security audit, utilising Trail of Bits.

Amazing blocks, a company that uses software to tokenized the shares for legal entities in Liechtenstein was founded on Aug 13th with a contribution of 261 ETH. They leveraged the new Token Act (TVTG) which came into force early this year. By founding the company using cryptocurrencies they skipped all the roadblocks that they must have faced if they would have gone the traditional route as establishing a company in Liechtenstein requires USD 54000 in cash followed by a series of documentations.

According to skew, the current total value of Ethereum futures that haven't been settled yet have reached an all-time high of $1.5 billion on 14th Aug. Futures are a form of financial derivatives where parties predetermine the price and date to buy and sell assets. Unlike options contract, futures are binding on the parties. The volume of futures with the rising price of ETH combined signifies an upward trend in the market.

 

Market Values For Ethereum Price Prediction

With the market being so volatile and the sudden downfall of ether, predicting the price of the cryptocurrencies is not an easy task.

Let’s consider the eminent publications and personalities, and their statement regarding the Ethereum (ETH) price speculation, which will give us a fairer idea:

#1 PriReis on TradingView

As per an analyst on TradingView, Ethereum might reach 320 USD by the end of 2020, and believes it to be a realistic target for the cryptocurrency.

#2 TieuLong FX

Forex trader, TieuLong FX suggests that Ethereum has the potential to grow and can reach as much as $1,365 by 2021.

#3 Nigel Green

The deVere Group, one of the leading International Financial consulting firms'  CEO Nigel Green, predicted that Ethereum would reach more than $2500 by 2020. He stated three reasons for ETH price increase- more platforms used for trading and more demand for digital currencies, increased use of smart contracts and the decentralization of cloud computing.

#4 Trading Beasts

According to the website, Trading Beasts, the price of Ether might reach $908 by the end of 2020, the average price might revolve around $650. That was a very conservative, yet realistic price prediction for Ethereum.

#5 Brian Schuster

The founder of Ark Capital LLC, Brian Schuster made a very bullish and optimistic prediction. He believes that Ethereum may reach $100,000 in another 5 years or so, and will eventually replace gold with crypto.

#6 CoinKir

As per CoinKir, a crypto prediction site, Ethereum might reach as much as $1,455 by the end of 2020. They even predicted that ETH will touch the $1,000 by May 2020.

Click here: Top Ethereum Wallets

Ethereum price prediction 2020

2020 will prove to be the most remarkable year for Ethereum and other cryptocurrencies as well. dApps will see a huge adoption in this year. In the first quarter, the highest can be $1100, the minimum being $929 in January. The second quarter can revolve around the $1600 mark. But after that, it again starts declining to the line around $1550.

Ethereum price prediction 2021

Ethereum blockchain is one of the most popular networks so far in the crypto space, and there have been so many tokens revolving around the Ethereum blockchain. By 2021, the Eteherum adoption rate might grow manifold, and the value might soar as high as $2000, given the advancements are maintained.

Ethereum price prediction 2022

The year 2022 is also going to be full of goal accomplishment for the Ethereum community members. Ethereum might go through many integrations and partnerships in 2022, which might increase its value in the market, and its value is estimated to increase drastically, as it is going to go through some technological developments also. By 2022, ETH might reach $2500.

Ethereum price prediction 2025

As per the Ethereum price forecast and algorithmic analysis, the price of 1 Ethereum (ETH) will be around $3844 in 2025.

So, Ethereum is certainly one of the best options which you can currently invest in. You need to, however, look at the tremendous increase in the price of Ethereum in the last months. Thus, it shouldn't come as a surprise that the price of Ethereum can reduce its value in the shorter term. However, in the longer term, you can be positive that the price of Ethereum would increase. You can convert ETH to BTC from CoinSwitch at the best rates.

Our verdict on Ethereum price prediction

Even though the crypto market has seen a downside towards the ending of 2018, Ethereum is going to take an upward surge in the coming year and it can touch around $1400 in 2020, because of the growth and developments planned in ETH's roadmap. Eric Wall, a cryptocurrency researcher at Cinnober, stated that blockchain projects which raised hundreds of millions of dollars in Ether in the past year dumped the digital asset on the crypto exchange market, creating a domino effect across the major exchanges worldwide.

One of the engineers of Ethereum Virtual Machine(EVM) very recently published about the Devcon4 conference that happened in two months back where ETH cofounders Vitalik Buterin and Joseph Lubin were also present. He mentioned that the meeting was mainly summoned to discuss the upgrades of the Ethereum network(like the introduction of storage fees for smart contracts), also labeled as Ethereum 1x, which might be implemented in mid-2020.

What is Ethereum (ETH)?

Ethereum, introduced by Vitalik Buterin has drawn a lot of attention from the crypto enthusiasts, for securing the second position with the largest market capitalization. Ethereum, as a platform, enables dozens of cryptocurrencies to exist, without having to build their own blockchain technology. Ethereum enables developers to build smart contracts, that automatically execute tasks when certain stated conditions are met.

Ethereum has two main functions: keeping things running smoothly by compensating the mining nodes and pay people under smart contracts platform.

FAQs On Ethereum Price Prediction

1. Will the price of Ethereum go up?

As per the market analysts and enthusiasts, Ethereum has a high probability of price surge. Ethereum has a great roadmap scheduled for 2020 and years to come.

2. Is Ethereum the future?

Ethereum might be the future as it is the first one to come with "smart contracts" or documentation without human intervention.

3. Is Ethereum better than Bitcoin?

That can't be commented as both have its pros and cons. They both are the topmost cryptocurrencies in the world.

4. What is Ethereum price prediction in 2020?

Ethereum might reach $2480 by 2020.

5. What will be the Ethereum price prediction in 2030?

Ethereum might reach $5000 by 2030.

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*This price prediction is based on the data collected from various sources. This should not be considered as an investing parameter and user should do their own research before investing.




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