5 days ago

    Banxso: Golden Opportunity to Enter the World of Investment

    Banxso is an online trading platform based on the CFD (Contract for Difference). It recognizes that each investment has distinct…
    January 18, 2022

    How TurboXBT’s Policies Protect You From Scammers?

    TurboXBT is a Supercharged trading platform that guarantees up to 90% profit on short-term contracts of 30 seconds. The platform…
    August 19, 2021

    Ethereum Price to Reach AUD 5000 Very Soon

    Ethereum closed out its last 24-hour cycle at AUD 4,500. But since then, it has dipped below the AUD 4100…
    December 18, 2020

    Ethereum Mining: Things That You Should Know

    Cryptocurrency mining is a process through which new blocks are added to the existing blockchain. This is being done in…
    September 2, 2020

    Ethereum Network Stability Questioned After Gas Fees Reach $500K

    Though Ethereum is more stable than Bitcoin, this time, it failed to prove its stability after the Ethereum transaction fees…
    April 13, 2020

    Ethereum Price Analysis: ETH Sharply Declines Over a Day

    ETH coin is trading in the red zone since pre-opening; Recovery doesn’t seem imminent Cryptocurrencies have again entered the turmoil…
    February 27, 2020

    Ethereum Price Analysis: ETH Losses 12.07% Value Overnight

    Ethereum’s price has been down by 12.07% overnight, and it is now roaming around $216 ETH may soon seek the…
    February 22, 2020

    Ethereum (ETH) Registers 57% Upsurge in 30-days

    Ethereum has marked steady upsurge all along the month. The fluctuation happened in recent days. The same is likely to…

    Read the in-depth Ethereum news with the comprehensive Ethereum price prediction, and plan your strategy to invest in the ETH coin.

    ETH Price Analysis

    Fundamental Overview

    Ethereum is a blockchain that allows users to run programs in its safe environment. Ethereum has a virtual machine that allows the verification and the execution of the code on the Blockchain, guaranteeing that it will run the same way on everyone’s machine. The code is contained in Smart contracts. Smart contracts can accept and store both data and Ether. Using the logic programmed in the contract, it can distribute the Ether to other accounts or smart contracts. Smart contracts are written in the language called Solidity, which is similar to JavaScript. Applications that use smart contracts for their processing are decentralized applications. The user interfaces of these dapps use similar languages like CSS, JavaScript, HTML, etc. The application can be hosted on a decentralized file service or a traditional web server like IPFS, or Swarm. dapp can offer its benefits to the record-keeping, finance, real estate, marketplaces, and supply chain industries.

    Factors Affecting Ethereum Price

    Ethereum has made itself a fundamental coin in the cryptocurrency ecosystem. Ethereum quickly rose to become the second-largest coin in the market. There are a few factors that determine the price of Ethereum:

    a. Mining profitability – The price of Ethereum is not singularly governed by speculative actions but also by the profitability of mining. When the price of Ethereum is $300 to $400, the profitability is significantly higher, which gives miners a strong incentive to sell at the high price levels.

    b. Regulation – The stances of the regulators also affects the price of Ethereum.

    Price Forecast

    As the market currently is volatile, and there is the sudden downfall of cryptocurrencies, forecasting the price of cryptocurrencies is not an easy task. No prediction is ever guaranteed to come true. It’s important to do your own research and never invest just by reading the predictions by the analysts. Here are the price speculations by eminent personalities and publications on Ethereum:

    a. PriReis from TradingView – Ethereum might reach to 320 USD by the end of 2020.

    b. TieuLong FX – TieuLong FX suggests that Ethereum has the potential to grow, and it can reach as high as $1,365 by 2021.

    c. Brian Schuster – The Ark Capital LLC founder Brain Schuster made an Ethereum price prediction of $100,000 per ETH coin in the coming future. He predicted the Ethereum market to be bullish as Ethereum shows long-term potential.

    d. Bobby Ullery – According to the analyst Bobby Ullery, Bitcoin and Ethereum each will hold 25% of the entire cryptocurrency industry.

    Read Ethereum Code Review, Before Making Your Trading The Decision!

    Back to top button
    Close