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Author Topic: When Will Ethereum Double?  (Read 26187 times)

Offline sulphur007

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When Will Ethereum Double?
« on: April 08, 2020, 04:04:33 PM »
Carlos is an international relations' analyst specializing in cryptocurrencies and blockchain technology. Since 2017, Carlos has written extensively for UseTheBitcoin and other leading cryptocurrency sites; with over 2,000 articles published.

Ethereum (ETH), the second-largest and most popular virtual currency in the market has already doubled in price since the beginning of the year. The main question is whether the cryptocurrency will be able to repeat the performance once again throughout 2020. There are some things that let us think there is a lot going on behind Ethereum’s project.

Ethereum Price 2020

We wrote at UseTheBitcoin that there were many factors that could help Ethereum surge in the coming years. The main question is which new things will help Ethereum move forward in the market once again.

One of the things that could push Ethereum to new highs is related to the premium many traders are paying to have exposure to this virtual currency. Specifically, large investors are paying a 220% premium in order to have access to Ethereum.

This shows that the interest from accredited investors and institutions continues to grow. Not only Bitcoin (BTC) is calling the attention of traders but other digital assets are also doing so. One of them is Ethereum, considering this is the second most valuable virtual currency in the world.

Traders entering the market could have a large influence on the price of this cryptocurrency. If demands continue to grow and the bull market keeps for several months, Ethereum may certainly double in price.

Expanding Decentralized Finance

One of the main things that are helping the market to move forward is related to decentralized finance. Decentralized Finance, also known as DeFi is pushing the Ethereum ecosystem to the next level.

There are several projects that are gathering and attracting several funds to the ecosystem and this could have massive implications for Ethereum. The second-largest blockchain network in the world is known for providing smart contracts to the market. This is now evolving towards DeFi, which is becoming an industry itself in the crypto space.

As reported by DeFi Pulse, in early February there were more than 3.1 million ETH locked in a wide range of Decentralized Finance applications with Maker (MKR) being the leader in the market with a 61.6% dominance.

Other companies and projects such as InstaDapp, Compound and Uniswap are also expanding and attracting a larger amount of funds.

There are so many cryptocurrencies that people do not tend to pay much attention to. Investing in these cryptocurrencies would bring about maximum profits and also would bring less worries in the fluctuations of their prices as they have really stable prices. Cryptocurrencies like ripple,monero,dash,binance coin,bitcoin cash,bitcoin sv, litecoin,ethereum and so many more can be invested on the platform (www . forex #spam .io) where you get from 25% to 100% ROI on whatever is invested and also you can invest in cloud mining.

Conclusion

Ethereum has already doubled in price during 2020. It moved from around $125 to over $260. Now it has a price per coin of close to $270. Would ETH be able to surge and surpass $540 in the current year?

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When Will Ethereum Double?
« on: April 08, 2020, 04:04:33 PM »

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Offline Seerge

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Re: When Will Ethereum Double?
« Reply #1 on: April 12, 2020, 03:06:08 PM »

Ethereum has already doubled in price during 2020. It moved from around $125 to over $260. Now it has a price per coin of close to $270. Would ETH be able to surge and surpass $540 in the current year?
It's hard to say with certainty whether Ethereum can go up to $ 540 this year.  But for me the value is not too high when compared to 2017, and because of the fluctuating price of cryptocurrency, I am optimistic that Ethereum will be able to reach that value in 2020.

Offline babu10

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Re: When Will Ethereum Double?
« Reply #2 on: April 12, 2020, 03:29:40 PM »
I think this is very problematic to predict at this time in nCOVID-19 situation that when ETH will hit double. At the same time market is very much volatile that is you see in this bad situation ETH hit $170 from $130. So that no body can not predict accurately about this market. Just see whats happening.

Offline aipmon

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Re: When Will Ethereum Double?
« Reply #3 on: April 13, 2020, 10:17:11 AM »
It is so hard to say because of the epidemic


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Re: When Will Ethereum Double?
« Reply #5 on: April 13, 2020, 07:07:45 PM »
not in near future, world economic is not in good condition right now because corono, but i believe ethereum will be double someday, become stake coin is one of few major factor that will make ethereum price rising.

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Re: When Will Ethereum Double?
« Reply #6 on: April 14, 2020, 05:41:49 PM »
It seems difficult for ethereum to reach $ 540 this year because the economy is still in crisis, and I think we need to be patient.

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Re: When Will Ethereum Double?
« Reply #6 on: April 14, 2020, 05:41:49 PM »


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Re: When Will Ethereum Double?
« Reply #7 on: April 17, 2020, 11:38:07 AM »
This year ethereum will reach $500 perhaps it will happen in fourth quarter now the cryptomarket is moving the dull situation also then many countries are fully lockdown if this situation continue definitely ethereum will take more time to hit $500.

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Re: When Will Ethereum Double?
« Reply #8 on: April 17, 2020, 06:15:59 PM »
This year ethereum will reach $500 perhaps it will happen in fourth quarter now the cryptomarket is moving the dull situation also then many countries are fully lockdown if this situation continue definitely ethereum will take more time to hit $500.
Actually I hope Ethereum prices can go up faster than you predicted.  The price of $500 can be reached at the end of the second quarter or at the beginning of the third quarter.  So that at the end of this year Ethereum prices could reach $1,000.
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Re: When Will Ethereum Double?
« Reply #9 on: April 18, 2020, 07:08:45 AM »
This year ethereum will reach $500 perhaps it will happen in fourth quarter now the cryptomarket is moving the dull situation also then many countries are fully lockdown if this situation continue definitely ethereum will take more time to hit $500.
Actually I hope Ethereum prices can go up faster than you predicted.  The price of $500 can be reached at the end of the second quarter or at the beginning of the third quarter.  So that at the end of this year Ethereum prices could reach $1,000.
This may well happen with the price of ethereum, since in the next few months we expect Ethereum 2.0 to appear on this coin and these improvements should significantly raise its price. Therefore, doubling its current price this year is not a problem. I think the value of ethereum will increase even more.
Moreover, the situation with the onset of the economic crisis should also have a good effect on the state of the cryptocurrency market.

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Re: When Will Ethereum Double?
« Reply #10 on: April 18, 2020, 08:38:05 AM »
Ethereum has already doubled in price during 2020. It moved from around $125 to over $260. Now it has a price per coin of close to $270. Would ETH be able to surge and surpass $540 in the current year?
You are right, the value of Ethereum has improved doubled this year, from $125 to $260. Now, it should need time to double again. I don't think it will be in 2020, the chance is likely in 2021. So, just wait for a year to see the next double move in Ethereum price.

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Re: When Will Ethereum Double?
« Reply #11 on: May 10, 2020, 02:44:33 PM »

Ethereum has already doubled in price during 2020. It moved from around $125 to over $260. Now it has a price per coin of close to $270. Would ETH be able to surge and surpass $540 in the current year?
It's hard to say with certainty whether Ethereum can go up to $ 540 this year.  But for me the value is not too high when compared to 2017, and because of the fluctuating price of cryptocurrency, I am optimistic that Ethereum will be able to reach that value in 2020.

Yes I see ethereum is still struggle at this year. But I also see the good.progress of ethereum. Because ethereum is the queen of crypto curreny and many token has integrated to ethereum. Maybe etehreum price will like at 2017 at the end of this year.I think.

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Re: When Will Ethereum Double?
« Reply #12 on: May 10, 2020, 07:21:15 PM »
Why are many people doubtful about the increase in Ethereum prices this year, even though it's not the middle of the year yet while Ethereum prices have shown positive increases. Maybe I will argue differently, I am optimistic that Ethereum prices will reach $ 540 this year, because actually Cryptocurrency is not influenced by CORONAVIRUS.

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Re: When Will Ethereum Double?
« Reply #13 on: May 11, 2020, 02:28:18 PM »
because actually Cryptocurrency is not influenced by CORONAVIRUS.

Really?
Due to corona virus companies, banks, restaurants, tourist spots and sports events shutdown. If this pandemic will last long it is possible to experience scarcity and economic shortage.
It means to say no money to buy cryptocurrency as long as shutdown is effective.
Maybe I didn't get what you mean of cryptocurrency did not influence by CORONAVIRUS? Could you clear what you mean.

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Re: When Will Ethereum Double?
« Reply #14 on: May 12, 2020, 03:23:46 AM »
Ethereum 2.0 is right on the corner. Its just a matter of time that the ethereum will moon again. I have a huge trust in this project and I believe that it will do better than bitcoin in the bullrun and trust me, many enterprises will use ethereum.

 

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