According to ConsenSys and Enterprise Ethereum Alliance, Ethereum performed better than bitcoin in 2018. Another industry giant OnChainFX recently revealed that Ethereum prices increased by more than 10,298% since 2017. According to foreseeable future events, Ethereum could even do better in 2019.
Factors Supporting Ethereum Price In 2019
Recently the smartphone manufacturer HTC, launched its debut blockchain Phone known as Exodus 1. The phone which is purchasable using only Ethereum and Bitcoin launched on December 12, 2018, and is now ready for purchase.
Many other smartphone makers are working on blockchain specialized devices with Ethereum and Bitcoin as the main cryptocurrency for the smartphones. The success of these phones will, in turn, improve on the price of Ethereum and Bitcoin.
Another major event that could shape Ethereum price is the expected hard fork in the Ethereum network. The Constantinople hard fork may increase transaction block time significantly. According to Ethereum Co-founder and ConsenSys founder Joseph Lubin, low prices is not a big deal for the Ethereum network. Mr. Lubin revealed that the high Ethereum adoption rate is the most important thing for the network.
Meanwhile, the anticipated hard fork that is expected to usher in Ethereum version 2.0 will also include the Casper upgrade. Casper upgrade is Ethereum upcoming proof-of-stake (PoS) algorithm. It is also expected that additional features such as sharding might also be implemented in the network from 2019 onwards.
Recently during a TechCrunch blockchain session in Switzerland, Ethereum founder, Vitalik Buterin revealed that the upcoming update will put Ethereum high on the ladder in 2019. He stated that the Ethereum future consists of 5 roadmaps and the upcoming Constantinople update is one of them. The team lead at Ethereum, Peter Szilagi recently posted a Roadmap on Twitter.
Currently, Ethereum has a market capitalization valued at $10.5 Billion and a circulating supply of 103,362,913 ETH. The cryptocurrency gained a lot of interest with the crypto communities globally. The dramatic interest in Ethereum is attributed to the cryptocurrency’s use of smart contracts, an important feature that Bitcoin lacked.
Market Price Prediction For Ethereum In 2019
The cryptocurrency market is so volatile at the moment with rampant dynamism in prices of major crypto assets. These rapid price movements rendered it very hard to predict the price of cryptocurrency as the main factors affecting prices are not certain. To get anywhere near a fairer price prediction for Ethereum in 2019 we will consider statements made by prominent individuals and publications regarding Ethereum price prediction.
1.Joseph Raczynski Ethereum Price Prediction 2019
Recently the founder of Joe Technologist.com and blockchain enthusiast with more than 153 thousand twitter followers, Joseph Raczynski predicted that Ethereum could hit $1200 by the end of 2019. He further mentioned that the Ethereum network has the largest developer community. Mr. Raczynski revealed that Ethereum’s proof of concept algorithm is the most popular consensus among institutional investors.
2. Ian McLeod Ethereum Price Prediction
According to Ian McLeod, an influential technology expert at Thomas Crown Art Ethereum might reach something more than $500 by 2019. McLeod thinks Ethereum could experience a global and monumental breakout. He further predicted that Bitcoin might lose up to 50% of its cryptocurrency market share to Ethereum within five years or more.
3. Nigel Green Ethereum Price Prediction
Meanwhile, Nigel Green CEO of The deVere group a leading global financial consulting firm predicted that Ethereum could hit $2500 by 2019. According to Mr. Green, the price surge would come due to more platforms trading Ethereum and more demand for digital currencies, increased use of smart contracts and decentralization of cloud computing.
4. Trading Beasts Ethereum Price Prediction
Another important market influencer in the cryptocurrency space, Trading Beasts, predicted on their website that Ethereum average price might revolve around $650. Trading beast, however, mentioned that the Ethereum price might reach as high as $908 by the end of 2019.
5. Brian Schuster Ethereum Price Prediction
Our last prediction comes from the founder of Ark Capital LLC, Brian Schuster. Mr. Schuster made a rather bullish and optimistic prediction on Ethereum price. He, however, spread his prediction to a five years or more. Schuster said Ethereum price might reach $100,000 in five years or more.
With the current market trends and amounts of developments and investment within the Ethereum network, we predict Ethereum price to reach $1400 in 2019. However, with all the growth and developments stated in the Ethereum roadmap, we think prices could go beyond $1400.
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