Ethereum remains one of the top cryptocurrencies in the blockchain ecosystem. The smarts contracts front runner is presently the second most popular cryptocurrency behind bitcoin.
Today, with respect to market sentiments and various discrepancies on Eth price predictions, we submit our unreserved opinion about future Eth price and what circumstances may aid the process.
What Is Ethereum?
Ethereum is a decentralized open-source blockchain underlining smart contract functionality. Ether (ETH) is the native cryptocurrency created by Ethereum miners as a dividend for calculations conducted to protect the blockchain.
The Ethereum blockchain currently accommodates over 260,000 different cryptocurrencies, 47 of which are among the top 100 cryptocurrencies by market capitalization.
Ethereum was suggested in late 2013 by Vitalik Buterin, a cryptocurrency researcher and programmer. The development of the Ethereum blockchain was funded by an online crowdsale conducted between July and August 2014. The network then started to function on 30 July 2015. As of then, 72 million coins were minted. This reports for about 65 percent of the total circulating supply in April 2020.
ETH Price Today
Although ETH has been a bit slow, following the newest alt season narrative that has captured the markets with great excitement, Eth is seen to have been gearing up recently.
Within the last 24 hours, gaining around 8% against its USD trading pair, the top cryptocurrency has waved towards the $250 corner. And more upside seems to be expected by traders.
Market sentiments seem overly bullish as 96% of market respondents remain optimistic about Ethereum. According to price derived from Decentralized exchanges like ChangeNow, Ethereum is currently trading at $262.
As of present, Ethereum is trading at $262 per unit of the coin with a market cap of $29 billion. Exchange volume has also risen within the same timeframe, this is valued around $7.3 billion.
Ethereum Price Technical Analysis
Analyzing a few aspects Ethereum (ETH) saw a relative weakness in 2019. As there was a delay in it’s Constantinople hard fork in January which saw a postponement in October 2018. But it is now successfully forked on Feb 28.
Despite all this, the Ethereum platform still hosts high gas fees for transactions, while TRON has no gas fees. Having such scalability issues and other problems left Ethereum with many dApps and few users.
EOS, TRON, and Steem have a greater number of active dApps than Ethereum. These are the four contenders of the dApp race where Ethereum appears to be lacking.
However, the overall crypto market in 2018 suffered a downfall, ETH has completely dropped in value — losing over 90 percent of its value compared to its all-time high.
In 2019 Eth saw a good start in January, but slowly the value dropped to $104 at the end of January, later with Eth reaching $164 in February, it was moving slowly with steady growth.
In March 2019 saw a start at $138 USD. Later the price rose to around $340 in July. Currently, the ETH price is around $187. 2019 was a year of fluctuation for ETH.
Ethereum price followed a declining structure against the US Dollar and Bitcoin in 2019. After keeping a pace in between the $133 and the $134 resistance, ETH price came down slowly against the US Dollar. Ethereum price saw a gradual decrease from March 6 to March 12, 2019.
On March 16, it reached a high value of nearly $143. At the time of writing, it was trading upwards. In April, it reached a high value of nearly $184.
Ethereum Price Prediction 2020
Ethereum in 2020 has faced many hurdles that have kept its price swinging between successive intervals. However, ETH price remains within stable limits, thereby giving hope of a better price return in the future.
Ethereum has enjoyed one year gain around 20.5%. Also, the coin is up by around 7.8% in the last 30 days and by 10% within the last week.
Further in 2020, ETH forecast speculates that Ethereum may touch around $700 by the end of 2020.
ETH Price Prediction 2021
In 2021, Ethereum will see an explosive growth of about 200% and the price will be around $1000 by December of the year. This will be aided by the market takeover of Defi projects which employs the use of smart contracts built on the ethereum blockchain.
Ethereum 5 Years Price Prediction
In the next five years, Ethereum is predicted to see a price surge to around $2000. This is according to market watchers who believe that the top crypto will see major improvements in the future.
Ethereum Price Market Prediction
- #1. Wallet Investor: Online prediction website, Wallet Investor investor predicts that Ethereum price will plunge to $184 in 2020 and to $125 by the end of 2021
- #2. Trading Beast: This expert website also went bearish on Ethereum. According to them, the Eth price will fall as low as $128.9 by the end of this year.
- #3. Crypto Ground: Bullish on Eth price, they predict that the cryptocurrency will trade at $1,445 by the end of 2025.
- #4. Digital Coin Price: According to DCP, Eth price 2020 will be around $500 in one year’s time. This is perhaps the most bullish Eth price prediction offered in the market.
Influencer View on ETH
#1. Alexis Ohanian, Reddit Co-founder, this Ethereum prediction price will grow due to buildings on top of its blockchain. In the end, Alexis told Fortune that the price will be $1,500.
#2. Crypto Dog: The famous crypto analyst releases an indirect prediction earlier this year, stating that Ethereum looked bullish in the long term.
#3. Brian Schuster: Founder of Ark Capital LLC, predicts that ETH may reach $100,000 by the end of 2025. He said this in addition to believing that ETH is more like Gold, a store of value.
Our ETH Price Prediction
Owing to various market sentiments, we stay bullish on ETH in the long term. We think the ETH price may touch as high as $700 by the end of 2020 and may reach $1000 by 2021.
What Is Ethereum?
Ethereum is a decentralized open-source blockchain underlining smart contract functionality.
What Is Gas?
A gas unit is the smallest type of work that is processed on the Ethereum network.
What Is Ethereum 2.0?
Ethereum 2.0, also called Eth2 or ‘Serenity’, is the next upgrade to the Ethereum blockchain. Ethereum 2.0 will be released in multiple “Phases” starting in 2020 with Phase 0.
What Is The Release Date Of ETH 2.0?
Phase 0 of Ethereum 2.0 will launch in 2020. Phase 1 is anticipated in 2021. Phase 2 and beyond are anticipated for 2021 or later.
Delisting XRP Continues in Exchanges, XRP Price Crash to Lowest Levels
XRP price may experience a small bounce which will be short-term but in the long term, the price may visit lower levels.
XRP Price Plunge to Continue or Bounce Back?
As the SEC lawsuit aganist the Ripple Labs made rounds, many exchanges including Coinbase, Okcoin, Bitmax, etc either suspended the trade or just delisted the XRP trading pairs. The recent addition to the list currently is Bittrex which announced the delisting of XRP from its platform.
With the environment surrounding the digital asset is going very negative, many believe XRP will plunge to the lowest ever levels possibles as predicted by an analyst, Alanmasters.
Referring to the above chart posted by the analyst, he says that XRP is not done with the correction phase yet and it can go still lower. He further adds that XRP has trillions of coins in circulation which may be dumped following a massive decline in price.
However, the analysts also said that the XRP price may experience a small bounce which will be short-term but in the long term, the price may visit lower levels.
Is It A Buying Opportunity?
Every smart trader looks for a buying opportunity for the asset when the plunge initiates. The more the asset declines, it attracts more traders to invest in it. The similar thing may be happening with XRP currently.
One of the largest hedge fund Grayscale has flipped its acquisition pattern with XRP. It is well known to acquire major assets like BTC and ETH, and now with a recent update, the firm has accelerated XRP holding by 8.5% since the price started plunging.
The high amount of XRP holdings by Grayscale Investments during the recent plunge might have pumped the asset to some extent. However, as per the reports, Grayscale invested in XRP as the price plunged to its lowest levels, showcasing the crypto community’s trust of a strong rebound by XRP.
Popular Analysts Believe Bitcoin Price Will Be $50k in 8 Weeks!!!!
The Bitcoin price is currently testing the current all-time high at $28,400, with analysts warning of a correction.
Bitcoin Price hits new record! The top cryptocurrency has gained over $1,600 in value some hours ago after trading as low as $26,200 yesterday. The leading cryptocurrency set a new all-time high above $28,500, pushing to $28,600 on top exchanges.
In the last week of the year, Bitcoin has been seeing a lot of action as the price rebounded strongly, touching near its previous all-time high (ATH) at $28,378.
Bitcoin Price Analysis Credits : FX Empire
The BTC/USD trading pair is now approaching the $30K mark. A quick uptrend is quite possible. However, the 30k target might create some selling and a pullback. But, as long as price action shows heavy corrections, a major bullish trend remains the most likely scenario.
The graph also shows that the price action might show a retracement before hitting 30k. Then price could fall back to the 23.6% and 38.2% Fibonacci retracement levels. This a potential support zone and bullish bounce.
Also Read : What Bitcoin Price Will Look Like in 2021?
The key support zone is the 38.2-50% Fibonacci levels. A bullish bounce would confirm pullback on the lower time frame. And the uptrend could continue.
According to the 4 hour chart, the bearish break below the 61.8% Fib could be a first indication that a deeper pullback is taking place
BTC price poised to hit $50k
BITCOIN WILL BE $50,000 IN 8 WEEKS!!!!
This tweet sounded exactly as insane 8 weeks ago and we pumped over 100% since 😅😂 https://t.co/GhRumQE0R7
— Ivan on Tech (@IvanOnTech) December 29, 2020
Popular crypto strategist and analyst with Twitter handle @IvanOnTech predicts that bitcoin price will hit $50k in 8 weeks. The analyst also shared a graph saying that Bitcoin Could Retest Support at $26,400! And Would Be Bullish Confirmation of Breakout.
Trust Wallet Review – A Secure and Hassle-Free Wallet
Trust Wallet is that simple yet effective digital wallet that helps you store your cryptocurrencies. Trust Wallet Fees and Limits…
With the crypto prices surging high like never before, daily there are thousands of new crypto investors and traders looking for digital wallets to store their crypto. As we store our cash in the wallet, crypto wallets are digital ones where cryptocurrencies can be stored.
Any crypto wallet user looks for safety in the first place. So, here in this article, we will talk about one of the new crypto wallets – Trust Wallet which is a safe and secure option for storing your crypto assets. We will cover all the aspects of this new wallet so that you can get an insight into the same and decide whether to use it or not.
Overview NameTrust WalletReleasedNovember 2017Wallet typeMobile WalletPriceFreePlatforms supportedAndroid and iOSCryptocurrencies supportedBitcoin (BTC), Ethereum, Ripple, Bitcoin Cash, Litcoin, othersMobile supportYes What is Trust Wallet?
Trust Wallet is that simple yet effective digital wallet that helps you store your cryptocurrencies. It offers great features which are pretty straightforward and user-friendly. This is an open-source digital wallet that is quite easy to set up and use.
You can receive and send multiple cryptocurrencies and not just one or two as this wallet accepts a wide range of such currencies. There is an option for storing private keys as well which is included in the security feature of this application which makes the app way more secure than its peers. You can use its built-in exchange as well and other decentralized applications directly from the Trust Wallet platform.
Salient Features of Trust Wallet
- User-Interface: It is an easy-to-use application where you can buy cryptocurrencies within five minutes. You can exchange the cryptocurrencies even without leaving the application.
- Supports multiple currencies: You can invest in multiple cryptocurrencies like Bitcoin, Ethereum, and others. You can check all your crypto assets in one place. You do not have to use different wallets for storing different cryptocurrencies.
- Earn Interest: Yes, you can also earn interest on the cryptocurrencies that are in your Trust Wallet.
- Charts and analytical tools: There are multiple charts, tools, and resources for tracking the price of your favorite cryptocurrencies on this platform.
- Security: It is a safe platform for storing your cryptocurrencies. It is secured from hackers. There is also the option for encrypting private keys and the control lies with you only which makes it much safer.
- Compatibility: It is compatible with Android 6.0 and above and also with iOS 13.0 and above.
Trust Wallet Fees and Limits
There are no charges for downloading and using this wallet. You can download it from the App Store if you are an Apple/iOS user. If you are an Android user then you can download it from the Google Play Store.
However, if you are transacting cryptocurrencies, then there is a network fee that you have to pay for the outgoing transactions of cryptocurrencies.
How to Set up Trust Wallet?
To set up you just need to follow these three steps –
- Download Trust Wallet from Play Store or App Store
- Create a new wallet in the application. You will get a login id and password after you create the wallet.
- Log in and you can buy some cryptocurrencies as you are all set.
How to Add Currency to Trust Wallet?
To add cryptocurrency to this wallet you have to –
- Login to your new wallet on Trust Wallet.
- Click on the option ‘Receive’
- Copy your wallet address or scan the QR code. Use these for transferring funds into the wallet.
- Then you can confirm the transaction being completed or not by clicking on the ‘transactions’ tab and checking the history of transactions.
How to Make Payments With Trust Wallet?
For making payments from Trust Wallet you have to –
- Login to the wallet of yours.
- Click on the ‘Send’ option/button
- Scan the QR code or enter the wallet address of your recipient
- Enter the amount to be sent and click on ‘Next’
- Tap on ‘send’ after reviewing the transaction details.
- It’s free to download
- Convenient and user-friendly
- Wide range of cryptocurrencies
- Private key encryption for security
- Interest earning on cryptocurrencies in the wallet
- Available for both iOS and Android platform
- Not as much secure as the hardware crypto wallets
To conclude, we can say that the Trust Wallet is an easy to use crypto wallet which is loaded with multiple features. It supports most of the cryptocurrencies which makes it a viable option for those who invest in multiple cryptocurrencies. It is user-friendly and thus even the novice in this market can use this wallet.
Is Trust Wallet completely free to use?
Yes, it is completely free to use. You can download it for free and use it without paying anything. The cost which you are required to pay is for the transaction of cryptocurrencies and not for using Trust Wallet.
From where can we download Trust Wallet?
You can download it from –
Apple App Store – You can download it from the App store of Apple for your iOS smartphone.
Google Play Store – Android users can easily download it from the Google Playstore.
Can I purchase any Crypto with this wallet?
Yes, you can buy crypto without sharing any personal details of yours as no personal details are collected by this application. You can just use your credit card and buy the cryptocurrencies.
How to encash my cryptocurrencies on Trust Wallet?
If you want to encash your crypto then you have to send the same to an exchange. There it can be converted to Fiat currency. On Trust Wallet, you cannot directly encash your crypto or convert it into fiat currency.
Is Trust Wallet secure platform?
It is safe and secure. You can use the private keys to have more control over your wallet and make it more secure.
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