Ethereum (ETH) is currently trading in the red on CoinMarketCap, just like most important digital assets.
2018 has been a pretty tough year for the market and investors became worried after witnessing the seemingly neverending bearish trend and the market’s fall at the end of the year.
But, hopefully, this will be a better year regarding the value of tokens and adoption of crypto and the blockchain technology as well.
Ethereum price predictions for 2019 and 2020
Investors are usually seeing ETH as an ideal investment in the long run. Application of the token and usability are two vital issues when it comes to making price predictions.
ETH’s potential future appreciation depends on these two factors. What Ethereum offers is decentralized processing power and bandwidth.
This makes the coin stand out as it brings something new compared to other digital assets.
2018 has been called a correction year, a year which made sure to separate the useless coins from the innovative ones with real useful use cases.
Smartereum notes that there is a high probability ETH’s value will rise sooner rather than later.
“By the end of 2019, it is expected that Ethereum would be somewhere around $500. Similarly, by the end of the year 2020, it is assumed that Ethereum would be around $ 2,000,” the online publication explained.
ETH is set to boost its value
Smartereum notes three main reasons for which ETH could surge in the future. Here’s why such bold predictions about the coin’s value are possible:
- Increasing application uses
- More companies adopting decentralized cloud-based applications
- Enhanced usage of smart contracts
In other news, it’s also noteworthy that Forbes listed four best cryptos to choose in 2019, according to Forbes: ETH, XRP, TRX, and Apollo.
“Interest in Ethereum also comes from businesses and organizations that can deploy their own Ethereum-based blockchain within the private or consortium model,” Forbes noted in the same article.