In 2019, Ethereum marked significant milestones in its developmental journey and witnessed a surge in the popularity of its decentralized applications, widely known as dApps.
However, despite these advancements, Ethereum’s market value only enjoyed modest growth during the year, reflecting minimal shifts in the ether (ETH) price. Ethereum blockchain . Even with its technological advancements, ETH prices barely budged, starting the year at $140.82 USD and closing at just $143.89 by the year’s end.
While some enthusiasts believed ETH would see substantial price hikes, skeptics pondered whether the second-largest crypto would see continued depreciation. So, what made 2019 a stagnant phase for ETH prices?
A myriad of issues played a part, with one significant factor being the shift of many crypto investors towards the relative safety of bitcoin (BTC).
After Bitcoin's previous peak in December 2017 followed by sharp declines in 2018, investors flocked to BTC in 2019, as it's historically been more resilient against sell-offs compared to altcoins.
Check Ethereum’s Current Price Dynamics Here
- Other elements shaping ETH's 2019 performance were tied to Ethereum's dominance as the leading platform for decentralized applications. smart contracts platform to date.
- During the era of initial coin offerings (ICOs), numerous token projects liquidated their ether reserves to finance operations, putting significant downward pressure on ETH’s valuation.
- Additionally, as newer platforms claimed to offer 'next-gen' capabilities compared to Ethereum and Bitcoin, some investors diversified rather than consolidating their crypto holdings.
Ethereum Price in 2020
These considerations raise the pivotal question for ether enthusiasts: Will 2020 bring stability, or will it mark a significant ascendancy or descent for ETH’s market value?
- Optimists point to the rapid expansion of decentralized autonomous organizations (DAOs) and the thriving decentralized finance (DeFi) sector on Ethereum as potential catalysts offering robust growth prospects. decentralized finance Further fueling the optimism are impending deflationary measures like the 'fee burning' Ethereum Improvement Proposal (EIP) 1559, which some equate to betting on Apple in its nascent days, anticipating vast future potential.
- Conversely, pessimists warn of potential economic downturns or suggest that the entire blockchain economy is overhyped and doomed to diminish, with other technological projects likely to outperform Ethereum.
- As such, Ethereum’s future price trajectory remains uncertain, yet its status as a seminal blockchain project remains indisputable. Debates abound on where ETH will navigate next.
Considering these viewpoints, let’s explore some notable Ethereum price projections for the end of 2020 and beyond, assessing the potential ETH holds if it fulfills its vision as a transformative public resource akin to the internet.
To maintain clarity, we’ll list predictions from the most conservative to the most optimistic, including timeframes wherever viable, recognizing that many analysts prefer speculative flexibility due to crypto’s unpredictable nature.
ETH Price Predictions
Curious about expert opinions on ETH price Tuur Demeester, a renowned Bitcoin analyst and founding partner of Adamant Capital, is also known for his critical stance on Ethereum, often drawing critique for his skeptical views.
Predictably, Demeester offers a conservative valuation, projecting ETH could plunge to around $49, a stark departure from more optimistic forecasts. Bitcoin’s Price , see their predictions here .
Tuur Demeester: $49
However, Demeester didn’t specify $49 ether as imminent, but he highlighted the potential for significant downturns, warranting a closer look at his context.
ETH/BTC dipped below its 0.02 support for the second time that year, suggesting, in Demeester's estimation, a technical downside of up to 0.0075 (-60%).
In December 2019, Demeester tweeted about ETH/BTC's sharp decline, theorizing a potential dip to 0.0075 without swift recovery – implying a drastic 60% loss.
In simpler terms, with ETH closing at $122.60 on December 17th, a projected 60% drop would take ETH down to $49.04, illustrating Demeester's bearish outlook. pic.twitter.com/1itwfFGbQh
— Tuur Demeester (@TuurDemeester) December 17, 2019
However, early 2020 saw a resurgence in ETH buying pressure, with bitcoin surpassing $8,000 and ETH climbing above $145, challenging Demeester's bearish scenario.
Tanya Abrosimova, a trading analyst and editor for FXStreet, a respected forex publication, shares her thoughts.
In December 2019, Abrosimova provided both bearish and bullish viewpoints alongside her team. Highlights include her emphasis on key market thresholds:
Tanya Abrosimova: $80 to +$365
“A bear scenario foresees struggles if ETH fails to recapture $155.00-$160.00 zones, potentially leading to a sell-off down to $130.00, eroding 2019’s gains and revisiting lows of $80.00, reigniting bearish sentiment.
In a 2020 ETH price forecast With RSI trending downward on weekly and daily charts, further sell-offs loom. Yet with indicators nearing oversold levels, the market may soon pivot upward for a fresh assault at $155.00.
A more positive prognosis requires sustainable movement above $185.00-$200.00—resetting the bullish trend and shifting focus beyond $232.70 (SMA200 weekly) to $253.50 (38.2% Fibo retracement), eventually reclaiming 2019 highs of $365.25, bolstered by SMA100 weekly.”
Notably, Abrosimova’s insight into a $155 buying pressure materialized early in the new year as ETH neared $145 by January 7th.
While not a precise forecast, Ryan Sean Adams, a prominent DeFi analyst and creator of the Bankless newsletter, shares intriguing calculations.
On January 3rd, Adams referenced a 2020 objective from Mariano Conti of MakerDAO, targeting a total Dai supply of 1 billion. For reference, Dai's then-current supply was 82.3 million.
Ryan Sean Adams: $1,000 with ETH as economic bandwith for DAI
suggesting that reaching 1 billion DAI requires $2.5 billion in ETH, illustrating its economic role.
With current ETH valuations, DAI accounts for 17% of all ETH market capital.
If @nanexcool Adams calculated that maintaining a 2% ETH supply consumed would necessitate ETH prices exceeding $1,000—his notion of ‘economic bandwidth.’
Exposing the intertwined success of ETH’s future with its function as a fundamental trustless economic value source.
ZeroHedge, known for its contentious market analyses, sparked discussion with an op-ed by the pseudonymous Tyler Durden titled, “
That\"s economic bandwidth
Durden argued that traditional payment systems like PayPal were overvalued compared to Ethereum. For instance, a $1,000 transfer via PayPal incurs a $30 fee, whereas Ethereum charges just 30 cents. January 3, 2020
Durden theorized a shift from percentage-based payment fees to blockchain network congestion-based fees, suggesting that ETH could capture a sizable market share from legacy institutions, pushing its price closer to $1,000.
Experts project that Ethereum's value could swing dramatically in 2020, ranging from virtually nothing to an eye-watering $100k. Let's dive into what various knowledgeable voices have to say about it.
In our exploration of Ethereum's valuation forecasts for 2020, we'll review opinions from assorted crypto authorities and finance gurus, with expectations spanning from $0 to $100k per ether.
How do observers envision Ethereum's worth in the year 2020? Opinions drastically range from bottom-basement estimates to heights reaching up to $100k.
ZeroHedge speculates ETH hitting $1,000 if it captures a significant share from traditional payment systems.
The year 2019 marked a significant milestone for Ethereum, highlighted by impressive developmental strides and the soaring popularity of its dApps—decentralized applications that have become market leaders. The Speculative Case For $1000 ETH .”
Despite this momentum, 2019 didn't see dramatic shifts in the value of ether (ETH), known as the essential 'gas' powering the network.
On the statistical front, ETH's price hardly budged, seeing a modest increase from $140.82 to $143.89 in the span of the year—from the start of 2019 to its end.
Many within the Ethereum community had anticipated more pronounced price hikes during the year, while skeptics foresaw further declines for the second-largest crypto in market capitalization. So what accounted for this year of price stagnancy?
Multiple elements played into this scenario, with one of the key factors being the strategic shift of cryptocurrency investors towards bitcoin (BTC) as a form of security.
Post a meteoric rise in December 2017 and subsequent hefty selloffs throughout 2018, the cryptomarket saw investors in 2019 adjusting their portfolios, opting for a heavier allocation in bitcoin, which historically weathers market downturns more effectively than most altcoins.
Olaf Carlson-Wee: $1,380 (well, maybe)
Track Ethereum’s current on-the-ground market price here.
Contributing to Ethereum's 2019 outcomes, its status as the beckoning 'king of the hill' remained, flagging it as the most successful and promising platform of its kind.
Rooted in the ICO frenzy period, numerous token projects persist in liquidating their ether holdings to sustain operating expenses, thereby exerting a persistent downward pressure on ETH value.
Additionally, the onslaught of new platforms marketed as 'next-gen' rivals to Bitcoin and Ethereum has led some investors to broaden their portfolios rather than consolidating their crypto assets.
Ryan Sean Adams comments: ETH having the utility bandwidth for Dai places it around $1,000.
Antiprosynth suggests ETH is closing in on BTC’s market position.
ZeroHedge suggests: A $1,000 valuation could materialize if Ether begins making inroads against established payment systems.
Antiprosynth argues that ETH is inching closer to rivaling BTC. far from out of the question again.
What could the horizon hold for Ethereum as we look ahead?
Investors are left pondering: will Ethereum linger without much financial gain in 2020, or could we witness notable shifts, either upwards or downwards, in its valuation over the next year? May 18, 2019
Ryan Selkis: Bullish on Staking
Advocates highlight the burgeoning growth of decentralized autonomous organizations (DAOs), and DeFi on Ethereum — and how these present numerous innovative 'money lego' opportunities suggesting a promising upside for ETH, potentially for short, medium, and long-term gains. Crypto Theses for 2020 ” predictions.
There’s also chatter about Ethereum's path towards deflationary trends, thanks to the 'EIP 1559' fee burning proposal. Supporters argue today’s investments in Ethereum are akin to early investments in Apple, during its nascent garage-based phase.
Conversely, there are warnings of an impending severe global recession or that the entire crypto paradigm is simply a bubble destined to burst before achieving mainstream traction. Critics assert that other projects may outstrip Ethereum in the cryptocurrency race.
Brian Schuster: $100,000
Thus, whether Ethereum's value will eventually reclaim its lofty prior peak of $1,400 remains uncertain. Yet what is unmistakable is Ethereum's stature as an essential project to watch, with no shortage of theories on how its price trajectory will evolve.
Now let’s survey some of the most striking Ethereum price forecasts pegged to year-end 2020 and beyond. Additionally, we'll explore Ethereum's potential if it fulfills its supporters' hopes of becoming the next revolutionary public infrastructure since the rise of the Internet.
To facilitate clarity, quotes and related projections will be aligned from lowest to highest. Timelines will be included where feasible, although many Ethereum experts tend toward ambiguous predictions, knowing too well the unpredictability of crypto futures.
Interested in expert opinions? Let’s delve deeper.
What Lies Ahead for Ethereum?
Tuur Demeester, a notable Bitcoin analyst and founding partner of Adamant Capital, boldly critiques Ethereum and has long cast doubt on the platform. Known as a leading critic, he's notably provided this list's lowest ETH price estimate at around $49.
It’s essential to note Demeester didn’t explicitly state '$49 per ether is inevitable,' but he does foresee a potential major selloff for ETH. Let’s unpack the context behind his statements.
ETH/BTC dipped below the 0.02 support benchmark for the second time this year. Without a speedy rebound, Demeester suggests a technical target potentially as low as 0.0075 (-60%).
- In December 2019, Demeester called attention via a tweet to a notable ETH/BTC drop that year. 'Without a speedy recovery, [in my view] the technical target could plummet to 0.0075 (-60%),' he remarked.
- Breaking that down: On the tweet date, December 17th, ether was priced at $122.60. Generally, Demeester estimated ETH could tank another 60% from that value. Sixty percent of 122.60 is 73.56, so $122.60 - 73.56 equals approximately $49.04.
Nonetheless, a 'quick recovery' Demeester hinted at may have already occurred: the first week of 2020 observed a surge of buying interest across major cryptos, with bitcoin breaking $8,000 and ether climbing past $145 — over $20 higher than its stance three weeks prior when Demeester made his comments.
Tanya Abrosimova, a trading analyst and crypto editor for FXStreet, a well-known forex trading outlet.
In a December 2019 publication, Abrosimova and her colleagues outlined both bearish and bullish price predictions with Abrosimova emphasizing the following:
'Our bearish scenario considers that failure to reclaim the $155.00-160.00 region spells trouble for Ethereum bulls, possibly leading to further sell-offs to $130.00 and recent lows of $129.71. Such a move would erase 2019's gains and pave the way toward $100.00 within 2020, redirecting focus towards 2018's $80.00 low—a potential trigger for an ETH doomsday prophecy.'
With the falling RSI (Relative Strength Index on both weekly and daily charts), a continued sell-off seems likely. Yet, the indicator nears oversold levels, signaling the market might soon look to initiate an upward correction. An assault at $155.00 could occur sooner rather than later. credibly neutral Meanwhile, a sustainable move above the $185.00-$200.00 zone is required to unfold the bullish scenario. Once breached, upward momentum could target $232.70 (weekly SMA200) and $253.50 (38.2% Fibo retracement for the above move), with the trend reversal confirmed only if the coin recaptures its 2019 high of $365.25, strengthened by SMA100 weekly.
References
- https://www.youtube.com/watch?v=shpwPNLqq4U
- https://twitter.com
- https://coinmarketcap.com/
- https://medium.com/token-news/devere-group-predicts-ethereum-could-be-2-500-by-the-end-of-2018-381e390fc68e
- https://www.barnesandnoble.com/w/investing-in-ethereum-jeff-reed/1124796051
- https://walletinvestor.com
- http://messari.io
- https://twitter.com/schusterdev?lang=en
- https://moneymorning.com/2018/07/06/these-are-2-ethereum-price-predictions-you-have-to-see/
- fxstreet.com
7Comments
at current ETH rates, Dai would consume 17% of total ETH.
To maintain 2% consumption of ETH supply, the ETH price needs to surpass $1,000.
-- RYAN SΞAN ADAMS – rsa.eth (@RyanSAdams)
Adams elaborated via tweet, noting the 1 billion milestone necessitating $2.5 billion of ether's market cap as 'economic bandwidth,' based on ETH acting as a core store-of-value asset.
Further expanding, Adams mentioned that $2.5 billion represented approximately 17% of ETH's $15 billion market cap at the time, adding:
'To keep 2% of ETH supply consumption, ETH price would need to exceed $1,000 ... That's economic bandwidth.'
Therefore, Adams' estimate isn't firm, yet it illustrates his assertion that ETH's future success hinges closely on becoming a 'base store-of-value asset providing trustless economic bandwidth,' as he coins it.
ZeroHedge, the renowned anti-establishment market blog, shook the industry last fall with a bold op-ed by its pseudonymous Tyler Durden, entitled,
In this piece, Durden contends investors have undervalued Ethereum while giving traditional payment providers like PayPal too much credit. Durden highlights the disparity in transaction fees: PayPal charging $30 to transfer $1,000, against Ethereum's 30-cent cost for a similar transaction.
Durden prophesied that if the payment sector transitioned from 'percentage fees determined by transaction size to fixed fees linked to network congestion,' Ethereum's continued ascendance might puncture legacy payment corporations' market caps, allowing the ether price to close in on $1,000 apiece.
Ethereum's potential price trajectory in 2020 is a hot topic, with predictions ranging vastly from a complete drop to as high as $100k according to different crypto experts.
We delve into a spectrum of Ethereum's projected prices for 2020, as forecasted by prominent figures in the crypto and finance worlds, spanning from a low of zero dollars to a staggering $100,000 per Ethereum.
What do industry experts speculate about Ethereum's 2020 price, with predictions ranging from ground zero to a whopping six figures?
Last year marked a significant period for Ethereum, with notable achievements in its development and an increase in the popularity of its decentralized applications, often referred to as dApps.
However, these accomplishments didn't necessarily result in a substantial price hike for ether (ETH), the platform's essential transactional fuel.
Throughout 2019, the price of Ethereum saw only a modest increase, moving up by a mere two percent, starting at $140.82 at the beginning of the year and ending at $143.89 by its close.
Many were optimistic that Ethereum would see a more substantial price surge, while some skeptics doubted its sustainability, expecting it to fall further. The question remains: why was Ethereum trading sideways in 2019?
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