As stated by ConsenSys – Enterprise Ethereum Alliance, smart contracts and ICOs – Ethereum is performing great. According to OnChainFX, the price of Ethereum has increased by 10,298% since the last year. Ethereum rose by 12% in the last week, which is a huge amount of growth as the hard fork is approaching. Moreover, Ethereum has rolled out the fastest and ad-free blockchain explorer, EnjinX, which would certainly make it easy for the mainstream market to access ETH.
2019 looks promising for Ethereum as the first blockchain phone, which only accepts Ethereum and Bitcoin, has been launched in October 2018, and is available for purchase. Furthermore, it is expected that Ethereum will experience its Constantinopole hard fork in January 2019. It will lead to the increase in block times, and difficulty bomb is anticipated to reach 30-second block times by May 2019.
Joseph Lubin, the co-creator of Ethereum and the founder of ConsenSys said that even if the price of Ethereum has gone a bit low now-a-days, it is not a big deal as the adoption rate of Ethereum is high and it won’t fall. Ethereum is available for purchase on almost every best crypto exchange, and people around the world are putting their money into Ethereum.
Cryptizens’ increasing interest for Ethereum is clear from the fact that ETH market capitalization has reached 10.5 Billion USD with 103,362,913 ETH is circulation.
Crypto experts’ take on Ethereum price in 2019
Given the volatile nature of the cryptocurrency market, one cannot be sure about the future price of cryptocurrencies. However, certain predictions can be made based on the market trends. Let us take a look at what crypto experts have to say about Ethereum price in 2019.
Ethereum will reach $1,200 by Q4 2019: Joseph Raczynski
The founder of JoeTechnologist.com and a key blockchain influencer, Joseph Raczynski, expects that the price of Ethereum will reach $1,200 by Q4 2019. He anticipates the same based on the popularity of Ethereum’s proof of concept among institutional investors, and also considering the largest community of developers that the network has.
Ethereum will $1,900 hit by the end of 2019: Tom Lee
Tom Lee, head of research at Fundstrat Global Advisors, states that Ethereum is well-positioned for recovery. According to him, Ethereum market will be highly bullish and the price of Ethereum will reach $1,900 by the end of 2019.
Ethereum will reach $2,500 with a further increase in 2019 and 2020: Nigel Green
The CEO of deVere Group, Nigel Green, believes that Ethereum’s price will hit $2,500, and it would witness a further increase by 2019 and 2020.
He states that three main drivers will result into the increase in Ethereum price. First, the increased use of smart contracts by Ethereum. Second, more and more online platforms using Ethereum as a mode of trading. Third, decentralization of cloud computing. With almost every best crypto coin exchange offering ETH for trading, the adoption of Ethereum is huge.
Ethereum will hit $10,000 or even $100,000, if it replaces gold as a store of value: Brian Schuster
Brian Schuster, the head of Founder Solutions at Ark Capital LLC expects an extremely bullish picture of Ethereum, with its price reaching $100,000 per coin. This would be possible if Ethereum replaces gold as a store of value.
Ethereum will witness upward trajectory throughout 2019: Ian McLeod
An influential technology expert of Thomas Crown Art, Ian McLeod, predicts that Ethereum may hit something over $500 by 2019 as it may see a global and monumental breakout.
Ether may reach $908 by the end of 2019: Trading Beasts
According to a website Trading Beasts, the price of Ethereum may reach $908 by the end of 2019. The average price of Ethereum is expected to be around $650.
Final verdict on Ethereum price
Although the cryptocurrency market witnessed a downside towards the end of 2018, Ethereum will take an upward surge in 2019, and it will be around $1,400, given the growth and development plans of Ethereum.
All these predictions show that Ethereum will be bullish and the price of Ethereum will rise in 2019. It is, thus, the right time to buy Ethereum if you are planning to earn profits from your cryptocurrency investment. Count on the best crypto exchange like ZedXe, to buy Ethereum while ensuring ease, high security, lower trading fees and quick transaction processing.