Ethereum Price Predictions For 2019
The cryptocurrency ecosystem hasn’t had a good year in terms of price points, including the third largest cryptocurrency as per the market cap, Ethereum (ETH). Will it continue this nosedive in 2019 or will it enter a bull? Here are some ethereum price predictions for 2019 by various crypto experts.
Noting that even in the bear market the adoption of blockchain technology and cryptocurrency has seen a rise. Many crypto experts that the increase in adoption this could lead to an uproar in the price and reputation of Ethereum. A report by Chepicap overviews cites various Ethereum price predictions by notable figures in the ecosystem.
Tom Lee – $1900 By End Of 2019
Head of research at Fundstrat Global Advisors, Tom Lee, believes that Ethereum is about to rally strong and that it is well-positioned for a recovery. Known for his highly bullish predictions, Lee claims that Ethereum will fly to $1900 by the end of 2019.
Tom Lee @fundstrat says bitcoin and ethereum will be the best performing assets next year
— CNBC's Fast Money (@CNBCFastMoney) January 9, 2018
However, Tim Enneking, managing director of Digital Capital Management, disagrees with Lee as he thinks such a price move is highly unlikely as ‘There are no drivers to push ETH to 40% above its prior all-time high’.
Nigel Green – $2500
The CEO of the deVere Group predicts that Ethereum will observe a significant rise hitting $2,500, and will continue to increase by 2019 and 2020. He said:
‘This general upswing will be fueled by three mains 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.‘
According to him, several key motives will push the market bull, which includes support and integration from major institutional financial giants. Green added:
‘Another key reason for the rally is that there’s a growing awareness of the need and demand for digital, global currencies in a digitalised, globalised world. Ethereum can be expected to solidify its position as the second most valuable and used cryptocurrency token in the world.’
DeVere Group CEO: Bitcoin's (BTC) Dominance Will Be 'Drastically Reduced' in The Next 5 Years https://t.co/BwwsOj8Cch
— Nigel Green (@nigeljgreen) October 25, 2018
Brian Schuster – $100,000
An extremely bullish future is painted by the head of Founder Solutions at Ark Capital LLC, when he claimed that the token will one day reach $100,000 per coin. He boasts that Ethereum will ultimately replace Gold with crypto, even though Bitcoin has been the favourite replacement coin for many market observers.
‘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.’,Schuster said.
Furthermore, Schuster claims that Ethereum’s platform will probably become the mother currency for all future digital currencies, wherein the world is run by them .
Article I recently published in the International Business Times: Can Ethereum's Price Ever Hit $10,000? A Market Cap Perspective For ETH https://t.co/LjuXhHSOoK
— Brian Schuster (@SchusterDEV) February 21, 2018
Matthew De Silva – ZERO!
A cryptocurrency journalist at Quartz, Matthew De Silva did not have a positive prediction. He made this prediction way back in September after the prices crashed to the $179 mark.
He wrote a Tweet about it and stated that Ethereum is reaching its natural state, which, according to him, is close to zero.
Joseph Raczynski – $1200 by Q4 2019
The founder of JoeTechnologist.com and a key blockchain influencer, Joseph Raczynski has a Twitter following of 153K. According to him the value of Ethereum to hit $1,200 by Q4 2019. To back his prediction he cited the popularity of Ethereum’s proof of concept among institutional investors and that the network has the largest developer community. He stated:
‘They are one of the most real projects to date. Nearly all large organizations are testing on this platform’
Jeff Reed – Ethereum Will Surpass Bitcoin
Jeff Reed, Cryptocurrency author and market observer thinks that Ethereum could outrun Bitcoin. He said:
‘Like Bitcoin, there is little stopping Ethereum from being an alternative currency to fiat and commodity currencies. You can conceivably trade anything using Ethereum, but this is not Ethereum’s strength in comparison to other cryptocurrencies – they can all do this. It’s rather the computing language that allows the smart contracts to exist that makes Ethereum more valuable than BTC.‘
Notably, Reed did not stick to a timeline for his prediction, according to him, Ethereum will eventually trump over Bitcoin, and seize its top price position.
Influential technology expert, Ian McLeod of Thomas Crown Art claims a monumental, defining global breakout for Ethereum.
‘I maintain that we can expect Ethereum to hit $500 by the end of 2018 and go on an overall upward trajectory throughout 2019.’
As per McLeod, Ethereum is way ahead of Bitcoin in every aspect except the price and as and when more and more investors catch on to the crypto wagon, the former will earn its place.
‘We can expect Bitcoin to lose 50% of its cryptocurrency market share to Ethereum, within five years.’
Teh chief marketing officer of cryptocurrency at data provider Svandis, believe in a bigger and brighter future for the token.
‘Whether it’s Sharding, Plasma, or OpenST Mosaic, there are tremendous technological reasons to be bullish on Ethereum and to believe in a speculatively high price moving in 2019. Ethereum is aggressively oversold and overdue for a rally going into 2019′.
The co-founder of Union Square Ventures, one of the most well-known venture capitalist firms in New York City that manages over a billion dollars in assets stated that Ethereum is likely the easiest one to make a bull case for right now.
‘Everyone has lost their shirt on it by now. Nobody other than developers want to know about it. It feels like time to start nibbling on it but not loading up on it.’
- Bitcoin Price Predictions By Various Crypto Experts
- BITCOIN PRICE WILL SURPASS ALL-TIME HIGH BY END OF 2019, SAYS CEO OF JAPANESE CRYPTP EXCHANGE QUOINE
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