Ethereum has had quite a rough year, but will this situation continue? What value will Ethereum have by the end of 2019? Will the price of Ethereum surge toward unseen all-time-highs? Or are we in for another bear year? Many crypto experts believe that as blockchain becomes more widely adopted, the price and reputation of Ethereum will increase accordingly.
In the following section, Chepicap presents to you an overview of their Ethereum price predictions.
Matthew De Silva: Close to zero
Matthew De Silva, a cryptocurrency journalist at Quartz, made his price prediction known in September after prices crashed to the $179 mark.
The argument that De Silva made was that Ethereum is reaching its natural state, which, according to him, is close to zero.
For context, here is what I wrote: pic.twitter.com/nTaY7FAuAZ
— Matthew De Silva (@matthewde_silva) September 12, 2018’
Joseph Raczynski: Ethereum will hit $1,200 by Q4 2019
Joseph Raczynski, the founder of JoeTechnologist.com and a key blockchain influencer with a Twitter following of 153K, expects the value of Ethereum to hit $1,200 by Q4 2019. He attributed his projection to the popularity of Ethereum’s proof of concept among institutional investors. He also added that the network has the largest developer community.
‘They are one of the most real projects to date. Nearly all large organizations are testing on this platform’, Raczynski said.
Tom Lee: $1900 by the end of 2019
According to Tom Lee, head of research at Fundstrat Global Advisors, Ethereum is about to rally strong, pointing at its recent sharp losses, and stating that the digital currency is well-positioned for a recovery.
While Lee may be highly bullish on Ethereum’s price prediction, Tim Enneking, managing director of Digital Capital Management, disagrees.
He said that such a price move is highly unlikely. ‘There are no drivers to push ETH to 40% above its prior all-time high’, he added.
Tom Lee @fundstrat says bitcoin and ethereum will be the best performing assets next year.
— CNBC’s Fast Money (@CNBCFastMoney) January 9, 2018
Nigel Green: $2500 with a further increase in 2019 and 2020
The CEO of the deVere Group, believes the price of Ethereum will increase significantly and could hit $2,500 with a further increase by 2019 and 2020.
‘This general upswing will be fueled by three mains drivers. First, more and more platforms are using Ethereum as a means of trading. Second, the increased use of smart contracts by Ethereum. And third, the decentralization of cloud computing’, DeVere said.
According to DeVere there will be several key motivators that will fuel a rally in crypto prices, which will include the growing integration with and adoption by major banks and other financial institutions.
‘Another key reason for the rally is that there’s a growing awareness of the need and demand for digital, global currencies in a digitalised, globalised world’, Green said. ‘Ethereum can be expected to solidify its position as the second most valuable and used cryptocurrency token in the world.’
DeVere Group CEO: Bitcoin’s (BTC) Dominance Will Be ‘Drastically Reduced’ in The Next 5 Years https://t.co/BwwsOj8Cch
— Nigel Green (@nigeljgreen) October 25, 2018
Brian Schuster: $10,000 or even $100,000, if it replaces gold as a store of value.
The head of Founder Solutions at Ark Capital LLC presents an extreme bullish picture of Ethereum reaching $100,000 per coin. The ultimate replacement of gold with crypto has been discussed endlessly by a number of other market observers, even though Bitcoin is mostly seen as the favourite replacement coin.
‘What if you believe that Ethereum is less like one individual business and more like a store of value, like gold? This gives us a potential market capitalization of roughly $10 trillion, leading us to believe that the price of Ethereum might rise as high as $100,000 per coin. We might even go one step further and say that Ethereum is not like one asset, but an asset to replace all currency that exists.’, Schuster said.
Schuster further claims that Ethereum’s platform aspect may eventually lead to it becoming a sort of mother currency for all future digital currencies, and this in a world where digital currencies are the norm.
Article I recently published in the International Business Times: Can Ethereum’s Price Ever Hit $10,000? A Market Cap Perspective For ETH https://t.co/LjuXhHSOoK
— Brian Schuster (@SchusterDEV) February 21, 2018
Jeff Reed: Ethereum is more valuable than Bitcoin
Cryptocurrency author and market observer Jeff Reed points out Ethereum as a more certain long-term bet than Bitcoin.
‘Like Bitcoin, there is little stopping Ethereum from being an alternative currency to fiat and commodity currencies. You can conceivably trade anything using Ethereum, but this is not Ethereum’s strength in comparison to other cryptocurrencies – they can all do this. It’s rather the computing language that allows the smart contracts to exist that makes Ethereum more valuable than BTC’, he said.
Reed doesn’t give a price prediction or timeline, however, according to him, the market boils down to Ethereum eventually trumping Bitcoin, and seizing its top price position.
Ian McLeod: Ethereum will be on an overall upward trajectory throughout 2019
Influential technology expert, Ian McLeod of Thomas Crown Art predicts that Ethereum will experience a monumental, defining global breakout.
‘I maintain that we can expect Ethereum to hit $500 by the end of 2018 and go on an overall upward trajectory throughout 2019.’
According to McLeod, Ethereum is already light years ahead of Bitcoin in everything but price and this will become increasingly apparent as more and more investors jump into crypto.
‘We can expect Bitcoin to lose 50% of its cryptocurrency market share to Ethereum, within five years.’, McLeod concluded.
Read more: Is Bitcoin dead? 8 reasons why it is NOT
Chris McClure: Ethereum is overdue for a rally going into 2019
Chris McClure, chief marketing officer of cryptocurrency at data provider Svandis, said that they believe heavily in Ethereum.
‘Whether it’s Sharding, Plasma, or OpenST Mosaic, there are tremendous technological reasons to be bullish on Ethereum and to believe in a speculatively high price moving in 2019.’
‘Ethereum is aggressively oversold and overdue for a rally going into 2019’, McClure said.
Fred Wilson: Ethereum feels like the easiest one to make a bull case for right now.
Fred Wilson, the co-founder of Union Square Ventures, one of the most well-known venture capitalist firms in New York City that manages over a billion dollars in assets, said that Ethereum feels like the easiest one to make a bull case for right now.
‘Everyone has lost their shirt on it by now. Nobody other than developers want to know about it. It feels like time to start nibbling on it but not loading up on it.’