Once again, in continuing our analysis of the Finder report, during which ten blockchain experts have made predictions for closing prices of a number of cryptocurrencies on the 31st of December 2018, based on predictions relating to the performance of the respective currencies between now and the end of the year.
This time, we are turning to Ethereum, a currency which the Finder report seems to have a great deal of confidence in.
Before we continue, you can read the full report for yourself here-
Otherwise, please bear in mind that even though the Finder Panel do speak with good authority, this is not investment advice. Cryptocurrency markets are volatile and thus nobody can really make pin point estimations.
The predictions stated have been based on the price of Ethereum on the 30th of May 2018, when it reached a value of $572.88. The finder panel predict that by the 1st of July 2018, Ethereum will be valued at $659.00. By the 31st of December 2018, the panel predict that Ethereum will have seen an 82% rise and will reach a value of $1,045.44.
This prediction might not ring well with Ethereum investors who are no doubt hoping for Ethereum to move a little closer to its previous all time high of $1,389.18. Overall though, the predicted value here really isn’t too far off that target. As stated earlier too, these predictions are speculative, indeed, Ethereum has every chance of exceeding even its top value by the end of the year.
Here’s what some of the panel have to say about Ethereum:
“Tough month for ETH in May. Likely to remain subdued in the short term before finding support and rebounding. Many use cases still look good.”
“The $600 mark on ETH has been some minor support/resistance recently. ETH has also held its ground better than some others in the Top 10 and had a very strong run up off the recent lows of US$360. The fact is that ETH is still needed for most ICOs. And with Casper in the cards, it may just have a strong June.”
“One of the most important coins in the market due to the abilities of the platform. With the introduction of the Casper system, as well as sharding, everyone’s hope is that the transaction cost becomes minuscule. However, at the same time the counter-argument is that there are so many platforms built on Ethereum right now, even Casper won’t solve the problem thoroughly, as it would encourage more traffic in the main chain as to the side chains in the current world. I hope to see a steady rise.”
Overall, the Finder report does see Ethereum in a positive light and though they don’t predict the rapid progression many Ethereum investors are hoping for, they are predicting that Ethereum will at least come close to its former glory. As stated though, even experts with such authority can be wrong. We won’t know what value Ethereum will reach at the end of the year, until, the end of the year.