Connect with us

Coinpedia

Ethereum Price Prediction: Will ETH Price Hit $1000 in 2021

The detailed Ethereum Price Prediction 2021 are elaborated by famous crypto enthusiasts. ETH price may touch as high as $700..

Published

on

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.

FAQ’s

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.

Source: https://coinpedia.org/information/market-price-prediction-ethereum-2019/

ethereum-price-prediction:-will-eth-price-hit-$1000-in-2021

Coinpedia

Solana Price in Discovery Mode, SOL Price to Hit $150 Soon!!

Solana has pulled off an incredible comeback. The new ATH this week fueled its ascension into the top ten. The altcoin on the other hand, has reached huge

Published

on

Solana has pulled off an incredible comeback. The new ATH this week fueled its ascension into the top ten. The altcoin on the other hand, has reached huge milestones in a short period of time and has developed tremendously.

SOL price has risen dramatically in the last seven days, reaching an all-time high of over $80 on August 18th. The total market capitalization is at around $21 billion.

SOL Price Analysis

The Solana coin is creating divergence with price movement and technical characteristics on the weekly chart. The coin is rising in value as it forms greater highs and lower lows patterns. The current Solana price prediction mood is bullish.

The coin’s price has been fluctuating between $68 and $75.90 on a daily basis. Meanwhile, the token remains barely over $71 as bulls aim for a return to $80.

The SOL bulls may be taking a break. A short-term slump does not always imply that the asset has reached its peak. This is why. To begin with, the general mood remained upbeat. Awesome Oscillators green final bars mimicked a similar phase.

The MACD, which was slanted upwards, was also quite positive. The Relative Strength Index [RSI] has slowed towards the extreme overbought zone but has not yet turned down, indicating that the SOL market is still dominated by buyers.

$150 for Solana?

Smart Contracter, a well-known crypto trader, is forecasting fresh all-time highs for Ethereum competitor Solana.

A 130 percent gain for Solana from its current price of $65.15 isn’t outlandish, according to the crypto analyst. The Analyst estimates a $150 price tag for Solana after five waves, using Elliott Wave, which predicts price swings based on crowd psychology that tends to emerge in waves.

“This SOL ath [all-time high] breakout is looking like a monster wave three in the making. $150 is not unreasonable in my opinion.”

The MACD, which was slanted upwards, was also quite positive. The Relative Strength Index [RSI] has slowed towards the extreme overbought zone but has not yet turned down, indicating that the SOL market is still dominated by buyers.

Source: https://coinpedia.org/price-analysis/solana-price-in-discovery-mode-sol-price-to-hit-150-soon/

solana-price-in-discovery-mode,-sol-price-to-hit-$150-soon!!

Continue Reading

Coinpedia

Bitcoin Price Facing Vital Resistance As Golden Cross Expected On 13th August!

Bitcoin(BTC) price after rallying above $46500, it consolidation again around the strong support levels in order to head close to $50,000

Published

on

Bitcoin price rallied remarkably and successfully added yet another $2000 with a nearly 6.1% jump. Moreover, the price also achieved the important resistance levels around the 200-day MA at $44,864. The rally marked a bullish re-establishment but with the beginning of the fresh day trade, BTC price initiated with consolidation. Whereas most of the altcoins appear extremely bullish.

The past weekend turns out to be a pivotal period that dragged the crypto space out of the reach of the bears. BTC price currently is reattempting to surge above $46000, keeping the bullish momentum well in place. On the other hand, the ETH price comfortably resides above $3100 after the occurrence of the Golden Cross.

Also Read: Bitcoin Price Analysis: Is Short Term Correction Evident Before the Golden Cross? Popular Analyst Says YES!

However, the Golden Cross on Bitcoin is expected to occur in a coming couple of days on 13th August 2021 as predicted by analysts.

Currently, the exchange outflow ratio has fallen to the lowest point since June 2019. Therefore a sense of confidence among the holders is withnessed as large exchange sell-offs are less common when less supply is at risk on exchanges.

Despite Bitcoin price closed above the important daily 200-MA, buyers appear to be exhausted in fueling the bull run. However, if the consolidation drags the price down, a higher low between $44,000 to $44,300 could preserve its uptrend. And hence, the BTC price could ultimately coil up towards $50,000, $48,000 could be the initial stop.

Also Read: Ethereum Price Flips Before Hitting Crucial Support Zones, Bull Market Resumes!

Despite Bitcoin price closed above the important daily 200-MA, buyers appear to be exhausted in fueling the bull run. However, if the consolidation drags the price down, a higher low between $44,000 to $44,300 could preserve its uptrend. And hence, the BTC price could ultimately coil up towards $50,000, $48,000 could be the initial stop.

Source: https://coinpedia.org/bitcoin/bitcoin-price-facing-vital-resistance-as-golden-cross-expected-on-13-august/

bitcoin-price-facing-vital-resistance-as-golden-cross-expected-on-13th-august!

Continue Reading

Coinpedia

Polygon (MATIC) Price Retraces Well, Is It A Dead Cat Bounce Or A Recovery?

The Polygon price struggling to sustain the uptrend, the possibility of a fake breakout haunts the Matic Price Rally

Published

on

Matic Netwrok gained immense popularity and recognition with the rebranding to Polygon, earlier this year. Additionally, the Matic price rally also gained mainstream attention and adoption of-let. However, surrounding the immense market uncertainty, Polygon price slumps to its lowest levels.

The price has tanked more than a couple of time in a months time. Therefore healing is much delayed than expected. No doubt the price initiated with recovery within a short time frame, yet the multiple plunges have impacted the momentum of the uptrend. And hence, the probability of forming higher highs has fallen down to lower highs.

matic deadcat

As mentioned in the chart, the MATIC price experiences an extreme squeeze as the resistance levels are lower after each slump. The recovery rate has also gone down which clearly indicates the loss of bullish momentum. With the price attempting to uplift again, it would be mandatory to raise a huge leg up. Else, if the price follows the previous pattern, the dead cat bounce may lead the price to revisit the levels below $1.

AlsoRead: MATIC Price Targets $2.40 Level! Polygon Flashes Buying Signals!

Is It Safe To Enter The Matic Price Trade?

The short-term price analysis for the Polygon price, however, does not give a fully green signal to enter the trade. As the instability prevailing the crypto space does point out to observe the price movements closely and enter at the right time.

However, the recent dip may have opened the doors to initiate a ‘buy’ trade. As the price is expected to jump high soon. As per the analyst, Altcoin Sherpa, there was a nice dip towards the demand zone. Moreover, the analyst believes the price may reach the weakly highs around $1.7.

$MATIC: Nice dip to the demand zone again w. a good reaction. Would like to see it flip this current level before buying. Decent buy volume from yesterday; we’ll see if this can test higher. #MATIC pic.twitter.com/LDCPEowSh8

— Altcoin Sherpa (@AltcoinSherpa) June 23, 2021

Interestingly, the analyst also predicts a dip after the price attains the upper resistance levels. And hence, the $2 target still remains still misty. As the bulls remain still calm and maybe waiting for the right time to uplift the Matic price.

The short-term price analysis for the Polygon price, however, does not give a fully green signal to enter the trade. As the instability prevailing the crypto space does point out to observe the price movements closely and enter at the right time.

Source: https://coinpedia.org/price-analysis/polygon-matic-price-recovers-well/

polygon-(matic)-price-retraces-well,-is-it-a-dead-cat-bounce-or-a-recovery?

Continue Reading

Title

Reuters17 hours ago

Eco-friendly sneaker maker Allbirds aims for $2 bln valuation in U.S. IPO

Eco-friendly sneaker maker Allbirds Inc said on Monday it aims to be valued at over $2 billion in its New...

ZDNET2 days ago

Comcast gave me good, precise news. The truth was precisely the opposite

Many companies believe that technology is perfect for customer service communication. Often, though, it just isn't.

Bioengineer5 days ago

Sex differences in COVID-19 outcomes

Credit: Mary Ann Liebert, Inc., publishers In a study of more than 10,600 adult patients hospitalized with COVID-19, women had

Techcrunch6 days ago

Resistant AI scores $16.6M for its anti-fraud fintech tools – TechCrunch

Resistant AI, which uses artificial intelligence to help financial services companies combat fraud and financial crime — selling tools to...

Techcrunch6 days ago

Facebook reportedly plans to change its name to focus on the metaverse – TechCrunch

Facebook is planning to rebrand the company with a new name to focus on building the metaverse, according to a...

Bioengineer1 week ago

UTHSC awarded $1.5 million HRSA grant for sexual assault nurse examiner training

Credit: UTHSC Memphis, Tenn. (June 16, 2021) - The University of Tennessee Health Science Center's College of Nursing has received

Techcrunch1 week ago

Does the NFT craze actually matter? – TechCrunch

Hello friends, and welcome back to Week in Review! Last week, we talked about Apple’s subscription addiction. This week, I’m...

CNBC2 weeks ago

Earnings

Corporate Company Earnings, Find Earnings Per Share and Earnings History Online

ZDNET2 weeks ago

Even computer experts think ending human oversight of AI is a very bad idea

The UK government is thinking of scrapping the right to ask for a human to review decisions made entirely by...

Crunchbase2 weeks ago

The Briefing: Hailo Lands $136M Series C

Crunchbase News' top picks of the news to stay current in the VC and startup world.

Review

    Select language

    Trending