Ethereum is the second largest cryptocurrency in the world and is one of the most sought after digital assets globally with a market capitalization that only rivals Bitcoin.
Ethereum’s recent market success comes after years of falling prices. The latest financial push has made many wonder where the price ethereum will go in 2020 and beyond. This comes after ETH doubled in price from around $ 200 to $ 400 earlier this year. Many are hoping to see the cryptocurrency hit its previous all-time high of $ 1,200 or even surpass it.
Ethereum price history
Ethereum is considered to be one of the giant cryptocurrencies, entering the market in 2015 with an impressive offering of ICOs of 18 million dollars that it managed to accumulate in a period of 42 days. Ethereum has remained vital to the realm of initial coin offerings due to its revolutionary approach to decentralized application technology.
When Ethereum entered the market, it started trading at $ 2.80, but soon found itself selling in a $ 1 range. This would continue until 2015 as all cryptocurrencies were suffering from a prolonged bear market. In 2016, markets began to rise and the price of ETH continued to grow before it skyrocketed above $ 13, where it consolidated.
Ethereum future price prediction
You cannot look at the 2020 price predictions without first considering the reality that investing in the cryptocurrency market is extremely volatile and that you should never invest more than you can afford to lose. Of course, there is a lot you can learn from Ethereum market predictions.
The year 2020, with the emergence of the coronavirus pandemic, has seen many cryptocurrencies like Ethereum rising in the markets. The increased interest of investors in the cryptocurrency markets is positively influencing market trends and prices, as opposed to the adverse effects it is having on traditional fiat currencies.
However, it is essential to note that no one can predict with clear certainty how Ethereum will behave in the distant future. There are many factors that determine the prices of cryptocurrency and it is impossible to know the future.