Economists predict that ETH could cross 20k USD this year

[BrolySSJ]

The price of Ethereum has been on a major upward trend recently and there are more and more users that are getting interested and involved in this currency as well. Ethereum is a network that is constantly being improved by the developers, and there are hopes in the future that the transaction fees will be reduced a lot as well. This could be one of the reasons that prompt so many people to get involved in it. Other reasons include that there is a lower value on Ethereum compared to Bitcoin so more people can afford to invest in it in a way where they can see a difference in their investment as the price fluctuates.

Some economists predict that by the end of the year the price of Ethereum may cross 20k USD. Do you think that this is possible? I personally believe that this is more likely to reach a value of 5k USD this year and that a 20k value is a bit too high and too optimistic. However, there are many that are pointing to this. What are your thoughts on this?

 

[Peterlight]

Prediction sometimes can be a lie and to me, I don't trust predictions anymore cos a lot of people have predicted a lot of things in the past that didn't work atall.

Ethereum have been battling to reach 2k since last year and I am still not convinced that it will reach 10k before the end of this year.

 

[Sake]

Prediction sometimes can be a lie and to me, I don't trust predictions anymore cos a lot of people have predicted a lot of things in the past that didn't work atall.

Ethereum have been battling to reach 2k since last year and I am still not convinced that it will reach 10k before the end of this year.

People that is giving predictions are people who have their own investments on the coin, by giving those predictions they are trying to get the people hype up and invest aswell so the price can actually rise rapidly. I don't trust predictions aswell because no one can predict the future values of a coin.

 

[Taimoor Jutt]

May be may be not, now it is about #1600 so increasing more than 10X it is not easy. People predict with high weed they were yelling about BTC $50K before Feb But it is still $37k so prediction of Crypto currency is not a good on cards. DogeCoin was 70% increasing and now 45%. This is what Crypto world known for.

 

[Nurudeen]

Ethereum is just below 1500 dollars at the moment so I don't even think the crypto currency can really go above twenty thousand dollars this year. So for me let's just be hopeful as an investor and don't put too much hype on the coin that it will get to twenty thousand dollars this year

 

[Yewande]

The price of Ethereum has been on a major upward trend recently and there are more and more users that are getting interested and involved in this currency as well. Ethereum is a network that is constantly being improved by the developers, and there are hopes in the future that the transaction fees will be reduced a lot as well. This could be one of the reasons that prompt so many people to get involved in it. Other reasons include that there is a lower value on Ethereum compared to Bitcoin so more people can afford to invest in it in a way where they can see a difference in their investment as the price fluctuates.

Some economists predict that by the end of the year the price of Ethereum may cross 20k USD. Do you think that this is possible? I personally believe that this is more likely to reach a value of 5k USD this year and that a 20k value is a bit too high and too optimistic. However, there are many that are pointing to this. What are your thoughts on this?

I also think 20k is a little bit hyperbolic though optimistic. Nevertheless, it will still propel me to invest more into ethereum before the end of March. I really hope this predictions are true. It will be great

 

[Greatguy1]

The price of Ethereum has been on a major upward trend recently and there are more and more users that are getting interested and involved in this currency as well. Ethereum is a network that is constantly being improved by the developers, and there are hopes in the future that the transaction fees will be reduced a lot as well. This could be one of the reasons that prompt so many people to get involved in it. Other reasons include that there is a lower value on Ethereum compared to Bitcoin so more people can afford to invest in it in a way where they can see a difference in their investment as the price fluctuates.

Some economists predict that by the end of the year the price of Ethereum may cross 20k USD. Do you think that this is possible? I personally believe that this is more likely to reach a value of 5k USD this year and that a 20k value is a bit too high and too optimistic. However, there are many that are pointing to this. What are your thoughts on this?

They make predictions so as to get the crypto-currency busy and drive unsuspecting members of the public to it. $20k for ETH this year is not feasible for something that has not crossed $7k. They are failing to factor in market forces.

 

[Jlife]

this is impossible because there is no possibility that ethereum will grows up to 10,000 US dollars this year and if it accidentally happening then a lot of people that is accommodating a ethereum cryptocurrency will make money but to me I do not think it will happen this year.

 

[Henrywrites]

The price of Ethereum has been on a major upward trend recently and there are more and more users that are getting interested and involved in this currency as well. Ethereum is a network that is constantly being improved by the developers, and there are hopes in the future that the transaction fees will be reduced a lot as well. This could be one of the reasons that prompt so many people to get involved in it. Other reasons include that there is a lower value on Ethereum compared to Bitcoin so more people can afford to invest in it in a way where they can see a difference in their investment as the price fluctuates.

Some economists predict that by the end of the year the price of Ethereum may cross 20k USD. Do you think that this is possible? I personally believe that this is more likely to reach a value of 5k USD this year and that a 20k value is a bit too high and too optimistic. However, there are many that are pointing to this. What are your thoughts on this?

I strongly doubt that this is going to be possible. How will they push ETH to go as high as $20k is what I don't even understand. Yes, ETH is rising very fast, but don't forget that there are days of drops which makes the price of ETH go back and forth.

 

[GIFTMICHAEL]

Well you really covered a good research work from the economist point of view.
I would doubt there Ernest prediction i do not know there measuring instrument that enable them to be too optimistic.
Be that as it is Etherium is drastically on a rapid recovery and increase as many people are already turning attention to invest in it.

 

[Rashid]

I do not think it will gonna hit $20k in this year or even in 2022. But its Early to say that it will hit $20k as compared to its latest price. Now it is even behind $2k and remained about $13k almost 3 weeks but suddenly increased about 8% but we can not predict them. Today some predicted that it will hit 500% up for Dogecoin but still around 50% only.

 

[BrolySSJ]

I strongly doubt that this is going to be possible. How will they push ETH to go as high as $20k is what I don't even understand. Yes, ETH is rising very fast, but don't forget that there are days of drops which makes the price of ETH go back and forth.

To be honest I also think that a rising price to 20000 USD and yes the price has been increasing significantly and the drops have allowed for people to invest in the coin even further. It is these changes and the fluctuations of the price that allows us to trade on it and make a good profit if you are able to read the market well.

 

[kayode10]

Whoever wants to invest in ethereum should do so with caution. prediction does not mean that that is how the saying will be, there is possibility that it may go all the way around. the major things that determine the price of commodity in the market is demand and supply and the factor in between. Also, the prediction of the economics might be part of the strategy to increase the price because once the speculation is high, list of people who want to join the train.

 

[Oyeleye42]

Crypto Research Report - They used the equation of exchange model to assess the future value of ETH by examining the future use case of the coin. The model had predicted ETH to reach $331 later in 2020; however, the coin seems to have surpassed this mark well before.

 

[eojo2401]

what ever the economist says concerning ETH is non of my business. I only follow my mentor who always guide me on when to buy and when to sell. If there predictions fails who will I owe responsible?
Economist my foot

 

[Ralphjoe]

Wonderful news concerning Ethereum, I think it's high time I increase my Ethereum investment portfolio so that I can be a beneficiary of this astronomical increase that Ethereum is about to experience. I so much believe in this prediction due to how Bitcoin also moved so high when nobody least expected it to.

 

[Henrywrites]

To be honest I also think that a rising price to 20000 USD and yes the price has been increasing significantly and the drops have allowed for people to invest in the coin even further. It is these changes and the fluctuations of the price that allows us to trade on it and make a good profit if you are able to read the market well.

Reading the market may not be as effective as we make it to look. Don't be surprised to see the price of ETH drop massively along the line. So, it is always better not to believe fully that everything about the price of ETH will be on an upward trend.

 

[Herzhan]

The price of Ethereum has been on a major upward trend recently and there are more and more users that are getting interested and involved in this currency as well. Ethereum is a network that is constantly being improved by the developers, and there are hopes in the future that the transaction fees will be reduced a lot as well. This could be one of the reasons that prompt so many people to get involved in it. Other reasons include that there is a lower value on Ethereum compared to Bitcoin so more people can afford to invest in it in a way where they can see a difference in their investment as the price fluctuates.

Some economists predict that by the end of the year the price of Ethereum may cross 20k USD. Do you think that this is possible? I personally believe that this is more likely to reach a value of 5k USD this year and that a 20k value is a bit too high and too optimistic. However, there are many that are pointing to this. What are your thoughts on this?

All the other thousand of coins has the remain 36%… all together!! ) But if we go in details, ethereum ha 104 milion ether in circulation. So it means that by picking 20k per coin it will reach 2 trilion (2 thousand billion) of capital… In this numbers it is quite impossible for one ether to reach this amount.

 

[Chumzy]

Same way bitcoin was predicted to cross a hundred thousand united states dollar. I think those informations intentionally Released to the public. It will make the public storm into the coin and then buy so much thereby raising the value.

 

[Hamza1999]

Ethereum will solidify its place as the future substrate of the global digital economy by underwriting the world’s contracts.
Contracts are the connective tissue of the world – sales contracts, college acceptances, employment offers, insurance policies, medical prescriptions, NDAs, ISDA agreements, etc. Yes, Earth