Ethereum Price Prediction: 5 Interesting Forecasts
Let’s talk about Ethereum price prediction
So what does the future hold for the price of Ethereum? The short answer is that nobody can predict the future, but many are trying to make a good Ethereum price prediction. We would never dream of giving out investment advice on ETH or any other topic, and this post is no exception. But just for kicks, let’s take a look at a few interesting Ethereum price predictions:
Ethtrader poll
A recent poll on the subreddit Ethtrader asked users to predict the price of ETH on January 1, 2020. The winning answer (weighted by full donut balances) was a price of over $3,000. Not accounting for donuts, the poll concluded with a winning response of $501 – $1000.
Arthur Hayes
Not typically known as an Ethereum bull, Arthur Hayes of BitMEX told Cointelegraph in December 2018 that he expects ETH to “rebound aggressively” and test $200 within 18 months, which is when he predicts the ICO market to return.
Chris Burniske
Well-known analyst Chris Burniske didn’t give a specific price prediction for ETH, but he did contribute some interesting data to the conversation. In a December 9 blog post, Chris suggested that ETH’s 93% drop in price may be way out of proportion with what he roughly calculated to be only a 13% drawdown in Ethereum’s network value. We have no idea how or if that correlates to price, but if it did, it would suggest that ETH may be undervalued.
Augur
As we’ve discussed, Augur‘s popularity is on the rise. An Augur market with over 112 ETH in open interest (i.e., at stake) currently predicts a 16% probability that ETH’s market cap will exceed that of Bitcoin on December 31, 2019. Who knows how that outcome would affect price, but flippening-enthusiasts might want to keep tabs on that prediction market.
Lots of commenters
No discussion of Ethereum price predictions would be complete without a mention of the near-ubiquitous comment that 1 ETH = 1 ETH and always will. Flippant or not, that’s one prediction we have pretty high confidence in.
Make your own Ethereum price prediction
If you’re thinking about buying Ethereum, make sure you do your own research and never invest more than you can afford to lose.
Ethereum price predictions are all over the place, so why not make your own? Settle offers lots of tools that can help – track the price of ETH and other cryptoassets with Settle Portfolio; keep up with news about price and other blockchain issues with Layr2; find out with others think about Ethereum’s price (or any topic) in Settle’s Chat Hubs. Come join the Ethtrader Chat Hub on Settle to get in on the conversation!
