Ethereum (ETH) Price Analysis: Investing in Ethereum Now Can be Lucrative in the Long Run

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Founded by Vitalik Buterin in 2013, Ethereum is a decentralized blockchain based smart contracts platform enabling developers around the world to build decentralized applications (dApps). ETH or Ether is the currency name used by the platform to power transactions. The network aims to reduce online fraud and irrelevant third party interferences by automating the operation. It also helps to exchange money, property, shares or anything of value without any external assistance hence providing users full control over their assets.

Current Statistics:

Ethereum Price Chart (05.04.2019 - 02.05.2019)The ROI of the coin stands at 5,577.45%. The circulating supply currently is 105,894,823 ETH which is equivalent to the total supply. As on May 2, 2019 at 05:19:00 UTC, the market cap is 17,028,548,240 USD, the price is 160.81 USD & 0.02979139 BTC. The 24 h volume is 5,779,094,021 USD. According to the CoinMarketCap, the coin is ranked 2nd in the top 100 cryptocurrencies list.

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Comparison:

As on April 5, 2019 at 08:49:02 UTC, the market cap was 16,736,608,736 USD, the price was reported at 158.60 USD & 0.03214995 BTC. The 24 h volume is 7,139,658,143 USD. In the past 30 days, the highest price peaked at 184.38 USD and lowest dipped to 152.09 USD. The upward trend of over 1% is recorded in the last one month. In the last 7 days, the highest price was 166.11 USD and the lowest was $152.09%.

Prediction:

The ongoing market trend is positive and it is the best time to invest in the crypto in bulk. The coin can be expected to pick up pace in the next half of the year owing to worldwide events which will contribute immensely to the popularity of the coin and increase the price as well. Many enterprises including JPMorgan, IBM, and Facebook have already started working on their stable coins and will be launching soon. Some of these have used Ethereum technology as an underlying principle which reflects the flexibility and long term value of the coin in the mainstream market. In the next 5 years, the coin is expected to rise as high as 2000 USD and has the potential to reach over 500 USD by the end of 2019. Moreover, the collaboration with other cryptocurrencies like Tron and hosting some of them on the platform, Ethereum is a long sustaining bet investor can take and make profits instantly. The competition is tough but also lucrative.

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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