Ethereum Fundamental Analysis

List: Best Ethereum Price prediction and fundamental analysis for 2019

In this article, we will go through some of the best Ethereum price prediction charts for 2019. First, we will describe some fundamentals about Ethereum that you must know to understand the predictions and analysis. In addition, we will cover some competitors for smart contracts and decentralized apps (dApps). The list below announces the order in which we will be covering each subject, so let’ continue:

If you are interested in reading further information about Ethereum, feel free to look through our Technical Analysis of Ethereum of December 2018 or the Fundamental Analysis Ethereum of November 2018.

  • What is Ethereum?
  • Why is Ethereum useful?
  • What are the Ethereum Competitors?
  • Ethereum Pros and Cons?
  • Best Ethereum Price predictions and fundamental analysis for 2019
Ethereum Cryptocurrency

What is Ethereum?

Ethereum is a decentralized platform that runs smart contracts and decentralized applications. It is being developed by the Ethereum Foundation based in Switzerland, initially founded by Vitalik Buterin, Anthony Di Iorio, Charles Hoskinson, Mihai Alisie, and Amir Chetrit.

Why is Ethereum useful?

Ethereum is a platform that enables the generation of crypto tokens without their own blockchain technology, simply using the Ethereum network as native. Ethereum is useful to decentralize any application and each application doesn’t have to run its own blockchain or decentralized network.

What are the Ethereum Competitors?

What Ethereum is trying to achieve is a stork task and it may turn out that other competitors will replace or take market shares of Ethereum decentralized network. The main competitors are:

  • EOS
  • Stellar
  • Cardano
  • NEO
  • Tron

Ethereum Pros and Cons?

In order to get more familiar with Ethereum, we have dissected all the upsides and downsides of the system.

Pros:

  • The team

The fact that Vitalik Buterin is one of the most famous and progressive people in the blockchain universe gives Ethereum as much credibility as a blockchain development company may have. The team acts transparently and are visible as ones of the main protagonists of the industry.

  • The blockchain capabilities

Ethereum is, indeed, a pioneer in the blockchain and crypto world. It is the first and until the date the most successful smart contract platform in the market. The ability to generate and host projects’ tokens (mainly ERC-20 standard), host dApps and Distributed Autonomous Organizations (DAOs) means that Ethereum is one of the most, if not the most polyvalent blockchain ecosystems in the industry.

  • Clear legal position

Since the US Securities and Exchange Commission has ruled Ether (ETH – Ethereum’s cryptocurrency) not to be a security according to a Howey test, investors aren´t afraid that a sudden legal action will be taken against the foundation, which could impact the price of ETH in a negative way.

  • High profile investors

Union Square Ventures, AngelList founder Naval Ravikant, Andreessen Horowitz and Fred Ehrsam are all well-known names in the world of investments, and with them backing the project, the Ethereum Foundation have even stronger credibility.

Ethereum Money - Pros Cons

Cons:

  • Vitalik Buterin’s fame

We may say that being one of the most famous individuals in the business, Vitalik is, perhaps involuntarily, centralizing the attention around himself rather around his project. Having so much attention can, the acts of an individual can overshadow the development of the project so that the slightest individual slip can influence the price of ETH negatively.

  • Recent development delays

The announced switch from Proof-of-Work (PoW) to Proof-of-Stake (PoS) network consensus reaching mechanism was delayed several times, which can lower the overall level of trust towards the development team.

  • Competition

Since Ethereum has been so disrupting for the blockchain industry, in time, many other projects aiming to compete begun emerging, taking a piece of the market pie for themselves. Most notable ones are, as stated, EOS, NEO, and Tron.

Best Ethereum Price predictions and fundamental analysis for 2019

In this paragraph, we summarize and list the best Ethereum price predictions and fundamental analysis for 2019 and further.

Bitdegree

Bitdegree is a form of an online learning platform where users can finish free or paid online blockchain and related courses. On January 2nd, 2019, they have published an Ethereum price prediction done by an online analyst, Bobby Ullery.

Ullery’s prediction, since it goes to 2020, is one among the most bullish ones. He takes the premise that Bitcoin (BTC) and Ethereum will, in 2020, take up 25% of the crypto market each. Given his speculation that the overall market capitalization will be around $4.5 trillion, with further calculation, Ullery predicted that the price of ETH could reach $11,375 with a market cap of over $1 trillion.

While this is a bit far fetched, considering the fact that, since its first market appearance, ETH grew until its peak in 2017 by more than %10,000, that prediction is not impossible.

On the other hand, the same article brings a more modest price projection done by  CoinKir, which predicts that ETH will start 2020 with the approximate price of $720 only to slowly crawl its way to $1488. That means that ETH will, towards the end of 2020, reach its all-time high.

Independent

It was long ago but it is worth mentioning that The Independent brought us an article on May 2018, where they don’t lean on the crude numbers but bring the opinions of some notable market’s personalities.

Their focus is on Bitcoin ABC’s evangelist Roger Ver who, while not giving exact numbers, forecasts that Ethereum can overtake Bitcoin in price until the end of 2019 due to some obvious shortcomings of Bitcoin’s underlying technology, such as slow transactions and high fees.

Bitcoinexchangeguide

On April 1st, this online outlet introduced us to ETH price predictions made by a certain Twitter analyst dubbed ScienceGuy9489.

In his forecast, ScienceGuy9489 deduces that the ETH price break out will happen on April 24th and that it will go as high as $2090 by the end of 2019.

The chart below clearly shows that not only that the price of ETH didn’t break out, but it turned bearish exactly on April 24th and stayed in that movement pattern until the end of the month. You decide on the accuracy of this price projection.

Best Ethereum Price Prediction - Bitcoinexchangeguide

Smartethereum

Smrthereum took a more cautious approach, disclaiming that there is a possibility that Ethereum drops below $100 for a time being, due to the declining use of its blockchain by various projects.

However, they are painting a brighter picture with a prediction that ETH could go to $500 by the end of 2019, and even reach $2000 by the end of the next year. Their optimistic forecast is based on the fact that Ethereum has one of the most useful blockchains in the industry, so due to the rising need for smart contracts, dApps and cloud-based applications in various other industries the value of the asset will grow..

CaptainAltcoin

CaptainAltcoin’s extensive article published on April 27th discusses various elements in the possible ETH price prediction, such as the usability of the blockchain but also the fact that, currently, Ethereum’s network is constantly using around 90% of its capability, which can present serious scalability problems.

In regards to that, they compiled price predictions from several sources:

Nigel Green (deVere group CEO)

$2500 by the end of 2019.

Aayush Jindal

Negative price formation in 2019 until ETH breaks through the $515 resistance or catches support at $477.

Trading Beasts website

$908 by the end of 2019, with the average price of around $650.

Wallet investor – technical analysis website

ETH drops to $15.

Ian McLeod

ETH reaches $500 until the end of 2019.

Coinnewstelegraph

Coinnewstelegraph also speculates about Ethereum’s potential fall below a $100 mark, caused by the rising competition and overall market sentiment which is yet to turn bullish.

Further down the line, they quote a number of prediction ranging from $0 made by Matthew De Silva, a cryptocurrency journalist at Quartz, to $10,000 made by the head of Founder Solutions at Ark Capital LLC, Brian Schuster.

Coindoo

This online outlet predicts that the price of Ethereum could go up to and even surpass the $1000 mark to hit as high as $1400. As some of the main reasons for this, Coindoo names milestones in the development as well as the following reasons:

  • Ethereum and smart contract adoption
  • Support from government and financial organizations.
  • The crypto market recovering.
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