Why Ethereum can be the currency of the year?

[ShadowCrypto]

Why Ethereum can be the currency of the year?
Theory points out why Ethereum may have the best performance of the year.



Ethereum is currently struggling to recover its three-month high of $ 281 in February 2020. However, experts have strong hopes that the digital asset will be the currency of the year ahead of all digital assets.

The cryptocurrency was never the same after the beginning of 2018 on the market. For some reasons, its response to the price change has been a little slower since that impressive run and failed to move with a huge margin when Bitcoin increased more than 50%.

Despite all these disadvantages, Ethereum is very popular with the various cryptocurrency prediction sites. According to CoinSwitch, Ethereum is likely to end the year with a trading price of $ 1449. This is a bit much when considering the current price and the rate of change. However, everything is possible in the crypto universe.

Bobby Ullery, a cryptocurrency expert also showed a strong belief in Ethereum technology and explained why digital assets can be the currency of the year. In its analogy, the cryptocurrency market capitalization will take a significant step towards reaching more than $ 1 trillion in 2020.

The main contributors would be Bitcoin and Ethereum, representing 25% of the total market value. This means that Ethereum would trade around $ 11,375 by the end of the year.

The global pandemic appears to have hit the cryptocurrency market badly, but Ethereum is still making incredible progress in its adoption. The adoption rate affects the price in the long run. In fact, its decentralized applications (dApps) registered 1.4 million active users in 2019, better than the 800,000 registered users in 2018.

In addition, the ETH 2.0 project is another factor that can work magic. The project that will be launched this year will have an impressive impact on the price, as the team seeks to make the transition from proof-of-work to proof-of-stake. In addition, block validators are expected to bet 32 ​​ETH in an attempt to bet on the network, instead of maintaining mining platforms.

This will likely cause an increase in demand and eventually increase the price. In addition, it is possible that investors and mining companies seeking to benefit from a 5% to 18% stake will retain their assets until the launch of ETH 2.0, and investor behavior will be a huge gain for the market performance of the digital asset. .

In addition to the adoption of the project, Ethereum gained sufficient momentum during the year in preparation to obtain a positive result.

Source: My Hive Blog

[MrSpasybo]

It is clear that ETH is having a successful year with many important developments and especially ETH 2.0. I actually want to see "This means that Ethereum would trade around $11,375 by the end of the year."
However, Bitcoin halving is coming. And this year is the year of Bitcoin ^^

[Ambu]

Yes this year ethereum will go up again because ethereum technology is ready to the next level I hope this year ethereum 2.0 will be completed Moreover nowadays ethereum growth is increasing fastly than top 20 altcoins and ethereum has many good signs to the pump.

[trauchot]

Ethereum is constantly evolving and showing excellent development results and new features are constantly pleasing to everyone who uses ethereum services and therefore ethereum is so popular.

[Andruha1993]

Ethereum is constantly evolving and showing excellent development results and new features are constantly pleasing to everyone who uses ethereum services and therefore ethereum is so popular.

I agree with you completely. There are many projects based on Ethereum and it continues to be created. Therefore, Ethereum is so popular.

[Senin]

Ethereum has shown much better price gains over the last month than even Bitcoin. Therefore, this coin can claim to be the best cryptocurrency of the year. Much of the result will be seen after the long-awaited implementation of the Ethereum 2.0 improvements. They will change this coin in many ways. Including the issue of its scaling should be radically resolved. According to Buterin, even at the initial stage of the implementation of these improvements, its throughput should increase to a thousand transactions per second, and over the next two years even to a hundred thousand.

[TERMINO]

I think very early to say Ethereum the currency of the year coz we just in the month of August, four months more before Ethereum determine as an  officially currency of the year. For four months there are more things possible to happen.

[LogiC]

I think very early to say Ethereum the currency of the year coz we just in the month of August, four months more before Ethereum determine as an  officially currency of the year. For four months there are more things possible to happen.

You are right. Even bitcoin cant be considered as coin of the year but there are plenty of times that we can sew how the every coin evolves. Among the project listed I think it safe to say that ethereum could be one of the contender for a good project. I am holding few bags of eth and hoping that it will still increase as it being used for a lot of projects.

[Blue4]

Yes ethereum is the best cryptocurrency of this year actually this is the important year of the ethereum because ethereum technology is going towards the major upgrade they're already released in the final testnet I think ethereum 2.0 is the biggest reason of the ethereum pump .

[labonikhatun]

I agree that ethereum is improving a lot in terms of technology in the middle the price of ethereum dropped a lot the price of ethereum currency is rising a lot due to the increasing demand of the crypto market. The front is expected to rise further may be over $ 500 ethereum currency is very popular after bitcoin in the crypto market.

[Btceth01]

Ethereum is a popular successful platform. How many people sell on the Ethereum platform. Ethereum is a coin common all over the world. Ethereum coinmarketcap is in second place. The price of this ethereum has now touched 400 400. By 2020 the price of the will come to 1200$ - 2000$.