What is Ethereum (ETH)?
This is a cryptocurrency platform which was created by Vitalik Buterin. It is supporting a number of other cryptocurrencies. The goal is to exist without additional need to build their own blockchain technology. With a few stated conditions to be met. Ethereum enables developers to build smart contracts to accomplish tasks automatically. Buterin has designed Ethereum to secure the ledger without a central authority. However, like any other Altcoin, Ethereum relies on a blockchain. Just like a digital ledger of transaction.
A smart contract is a digital protocol used to verify or enforce the performance of a contract. It allows the performance of transactions without the permission of other parties.
Moreover, Smart contracts objective are the following:
Firstly, Signatories. The two or more parties will agree or disagree with the terms of the agreement using digital signatures.
Secondly, the subject of the agreement. This might only be an object that exists within the smart contract’s environment.
Finally, specific terms. Those terms should be mathematically described. However, by using a programming language that is appropriate for the particular smart contract’s environment.
Ethereum blockchain potentially has the ability to store data and optimize the distribution of value. A long-planned Ethereum code overhauled. However, Ethereum’s new code could complete transactions by the end of 2019. Buterin’s vision of Ethereum is very promising. However, this vision clashes with Ethereum’s current situation. Ethereum competes with the POW (proof of work). However, Ethereum’s core developers reprogrammed their POW code. It will create exponential rice in miner’s difficulty. However, The so-called “Difficulty Bomb” slows down the creation of transaction blocks.
HTC blockchain launch
With the launch of HTC Blockchain, Phone Exodus is only using Bitcoin and Ethereum. It has been made available for purchase. 2019 seems to be very bright for the company. According to Joseph Lubin who is a co-creator of Ethereum and the sole founder of ConsenSys.The going down of the price is not a big deal considering the high rate of adoption of the system. Therefore, there are a lot of interest among citizens to embrace Ethereum. Which has led to its market capitalization to reach $10.5 Billion.
Joseph Rac on Ethereum
RAC spent a lot of time researching about blockchain and cryptocurrencies. The artist develops and sells Ujo music and encourages artists to sell and distribute their music via smart contracts and distributed storage. Buyers will need to use ETH to purchase the album from Ujo Music. Above all, he is very optimistic and terms ETH network as one of the largest developer communities
- Ian McLeod Ethereum Price Prediction
This is a well-experienced technology expert working with Thomas Crown Art. Ian McLeod predicted that ETH might hit a high of $500 by 2019. He even envisions BTC losing 50% of its crypto to ETH in the next half-decade time.
- Nigel Green Ethereum Price Prediction
Nigel is the current CEO of one of the leading International Financial Consulting firms. He is putting ETH to reach above $2500 by 2019. According to him, there are about three tangible reasons behind success. However, more platforms that will be used for trading. The key is the demand for digital currencies and an increase in smart contract usage. Soon, it will be a cloud computing decentralization.
- Trading Beasts Ethereum Price Prediction
This is a website that has given a more conservative yet probably the most realistic one. The site projects that the price might hit a high of $908. The mean of about $650 by the end of 2019.
- Brian Schuster Ethereum Price Prediction
He is envisioning that the price of ETH will reach $100,000 and the company may end up replacing gold with crypto.
Our verdict on Ethereum price prediction
The implementation of Ethereum is 1x which comes in as upgrade in the Ethereum network. This is likely to give more thrust to the growth of the company. Moreover, Trends will complicate decision-making by the end of the year. However, the latest news technical analysis shows ETH will not be highly affected.
Ethereum Price Prediction 2019
There are predictions of the mass adoption of the cryptocurrency in the months to come. The third quarter is a projected high growth rate. Therefore, the price was predicted from $484 in the month of July. However, the price will jump up to $1449.89 by the end of 2019.
Ethereum Price Prediction 2020
The year 2020 will not only be remarkable to Ethereum. The price will be dwindling at around $1929 to $2100 early in 2020. Although trends show a little shaky, the recovery rate is still high. However, ETH’s price was quick to recover from its lows and is hovering above $200.
Ethereum Price Prediction 2021
Moreover, ETH on the average price in 2021 was predicted around $246. The trend shows ETH touching $490 by 2023. However, It has performed beyond fair compared to other altcoins. However, It is still miner’s discretion to either invest or not.
Prediction of Ethereum Price in the next 5 years.
Based on model algorithms, the price of 1 ETH will be about $3844 by 2023. This is making it one of the safest places. One can invest in currently. However, considering the tremendous increase and decrease in price will affect in the short term. Even so, Ethereum is solid long-term investment potential.
Ethereum a Good Investment
A lot of people are asking. Probably the new ones in the Crypto market. Is Eth a good investment in the next five years? There’s no precise answer. However, we look into trends, signals, and other factors. Price predictions are provided from reliable sources. It helps with decision making.
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Whaleagent.club content should not be considered as an investing parameter. Price prediction is based on the data collected from various sources.