Economists predict that ETH could cross 20k USD this year

[Kingstone]

Going by the latest price, it is still pegged at 3k, and for it to cross 20k will be a massive boost. Ethereum is trying its best to keep tracking the leading Bitcoin.

 

[Sincerem]

Now you can see that such kind of prediction is baseless, cos ETH is nowhere near half of what's been predicted this year alone.

 

[Grandeur]

$20 k for ethereum is a little bit far fetched don't you think seeing that the current price is just $3 k and just four months left till the end of the year

 

[BrolySSJ]

I am more certain of the price reaching about $10000 very soon but am not sure if it would be able to reach $20000 , because remember about how the last bullish run went down

Whenever there is a bull market there's always going to be a massive decrease in the price because this is known as the correction Factor and it is caused by a lot of people that are trying to secure the profit from the increased price of that cryptocurrency coin.

 

[Thinker009]

Whenever there is a bull market there's always going to be a massive decrease in the price because this is known as the correction Factor and it is caused by a lot of people that are trying to secure the profit from the increased price of that cryptocurrency coin.

Yeah maybe such thing do happen because now the price is already showing some sign of corrections as it keeps moving to $50k for now ,I really hope that continues

 

[joy101]

I don't really know if the price of ethereum will hit to that level because nobody can predict to that, it can be possible or not but but I don't really know.

 

[Hena101]

We can not say it's impossible since its an analysis but looking at the current price of ethereum i don't think it can get to that amount before the year end.

 

[Trexxxy]

Well, I'm eager to see how that turns out, I think eth does have some potential and maybe it might not crack that 20k but it could come very close it.

 

[CeeJase]

If anyone told me that Bitcoin will get to over $60,000 this year, I would never be able to believe it because of the dip that dropped it way down. So, if this happened with BTC, it can happen with Ethereum.

 

[tyrim88]

Predictions and forcast are actually not realistic in some instance.But on the value of etherium,i don't think the value can actually reach 20k,it is too ambitious for it to attain such figure before the year runs out.

 

[Toyoabasi]

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?

Well, currently an ETH is about $3700.
Reaching a 20k value would be too high, and I do not think that it is possible to attain that this year.

 

[Justin]

There are just 2 months to go and ETH is not even $5k, I don't see ETH will become $10K, let alone $20k. However, I believe ETH can become at least $5k and reach all time high price.

 

[Ub40]

Even though it is not that easy to predict the price of coins because of their volatility nature couple with the fact that we have seen some experts predictions failed in the past, but I still have this feelings that Eth is one coin that will do well in the future. Just my thoughts though.

 

[Ononivami]

Based on the widescale use of the ethereum, it's very possible for the market value to cross 20k . This is because the ethereum is used for many applications and it will definitely surge in the future.

 

[Sincerem]

Well , I don't really know but currently the price of ethereum is below 2000 dollars. Cryptocurrency can never be accurately predicted because anything can just happen even with a twinkle of an eye that could either leads the crypto space forward or backwards seriously.

 

[Chibson]

LoL, that maybe in the next 10 years. the current bear market has really crashed the price of many cryptocurrencies including ethereum. I am expecting ethereum to have a massive price movement at the beginning of 2024.

 

[tyrim88]

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.

One thing i have come to understand about most of these predictions about the cryptocurency market is that the projections are speculative in nature,because they are relying on some certain factors that have been constant,i do not really put much thaught there.

 

[GIFTMICHAEL]

LoL, that maybe in the next 10 years. the current bear market has really crashed the price of many cryptocurrencies including ethereum. I am expecting ethereum to have a massive price movement at the beginning of 2024.

It may not even take up to five years for us to see it at that price. The whole cryptocurrency is so unpredictable. When people start saying the need of investing in ethereum, we will definitely see it at a very high price.

 

[Imran_Noori]

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 think it would be difficult for ETH to reach 20K this year but it has the potential of going more than 20K in the future.

 

[Bigron]

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 believe this prediction is wide off the mark. The projected value of the coin at the end of the year is too high in my opinion and I don’t think that the coin will reach those lofty heights in terms of value