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Topic: Can ETH reach $5k in this up cycle ? - page 10. (Read 2296 times)

sr. member
Activity: 573
Merit: 250
February 27, 2020, 07:32:48 PM
#66
What do you guys think ? I discuss some reasons why it might here : https://youtu.be/8Rg-CM2s7Q0
We can't quite ignore it, because that's possible. Only after Ethereum 2.0, price could hit 5K USD. Another probability is for next year even if Ethereum 2.0 announcement this year. As some news predict that if CMC will hit trillions dollar next year than 5k should possible.
full member
Activity: 714
Merit: 100
February 27, 2020, 07:28:41 PM
#65
What do you guys think ? I discuss some reasons why it might here : https://youtu.be/8Rg-CM2s7Q0
isn't is too much?5000$? even ETH didn't cross 1500$ in bull run and after 2 years ETH failed to recover 50% and you are expecting 5000$? your video's statement is good but trust me I saw thousands of videos like your but reality is another thing.In this market situation ETH can't break 500$.SO don't hope too high.But near future it will be but that time bitcoin will be 50k$-80k$
legendary
Activity: 1876
Merit: 1003
February 27, 2020, 07:27:03 PM
#64
Depends on BTC, if it rallies to $100,000 USD then I have no doubt ETH can reach $5,000 USD at the same time.
may take a few more years to achieve that much just can be said.

Sure, I just don't consider that a problem. Maybe it is a problem for short term traders. But those people generally do very poorly in the long run anyway.
It is not about for short term traders, there will be more waves of the current downtrend, from my experience. Don't forget, every tick on the second is the basement for all time frames, every newborn price tick will accelerate the current downtrend. I don't think market will go higher from this point but the small bounce is not impossible before the real market move by the tricky bears.
member
Activity: 921
Merit: 10
February 27, 2020, 07:08:33 PM
#63
So far, this is too high a price for ether. So far now is not worth looking, it is better to wait for a more real price from ETH and make a profit from this that we have.
sr. member
Activity: 1610
Merit: 372
February 27, 2020, 06:44:49 PM
#62
To admit it looks like another bad prediction. Predictions are good only at the moment when they come true, in all other cases these are empty words.
I saw a lot of forecasts and analyzes of this kind come true that were not destined.

The market does not belong to natural mechanisms, which means it is almost impossible to predict what will happen next.
jr. member
Activity: 54
Merit: 15
February 27, 2020, 03:08:24 PM
#61
OK sorry about the poor audio. In the video I discuss an article that I stumbled across which talks about the current amount of money locked in DeFI. Every day more and more ETH is locked in being used as Collateral for loans ( securing loans is one of the big use cases for DeFi ). This could grow rapidly as people around the world figure out that they can borrow in a global currency using the Ethereum network  which was not possible for them previously.

Currently you need to lock in about 150% ETH collateral for a loan - ie. if you borrow $100 you need to put up $150 of ETH as collateral. Ethereum’s market capitalization today is $25 billion. Under today’s conditions, the network would allow the borrowing of $16.5 billion USD if every single ETH was used to collateralize loans, but only under 2% of the total ETH circulating is locked in currently.

Long story short ( and you should read the article ) , but If total supply of ETH never exceeds 120 million , and 10% ( 12 million ETH ) is used as Defi to support a derivatives market of , say $60 billion , then each ETH coin would be worth $5k.
sr. member
Activity: 1197
Merit: 482
February 27, 2020, 12:30:27 PM
#60
Depends on BTC, if it rallies to $100,000 USD then I have no doubt ETH can reach $5,000 USD at the same time.
may take a few more years to achieve that much just can be said.

Sure, I just don't consider that a problem. Maybe it is a problem for short term traders. But those people generally do very poorly in the long run anyway.
hero member
Activity: 2856
Merit: 644
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February 27, 2020, 12:22:14 PM
#59
Depends on BTC, if it rallies to $100,000 USD then I have no doubt ETH can reach $5,000 USD at the same time.

When will the rally occur by saying bitcoin can reach $ 100,000? for me it is difficult because to touch $ 15k is difficult even bitcoin down even more may take a few more years to achieve that much just can be said.
Ethereum still hasn't shown its self-esteem because there hasn't been a good development even with Ethereum 2.0, it's not certain when it will be released.
legendary
Activity: 3486
Merit: 1055
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February 27, 2020, 12:18:20 PM
#58
I'm just not sure the price will be reached sooner than imagined, because even ethereum prices haven't gotten big changes to date and it's very likely the factor of that is about bitcoin. We realize that bitcoin is a major factor in influencing price movements in the crypto market, so when bitcoin is still inconsistent for a higher price increase, then I think ethereum will also find it difficult to reach ATH, but at least so far the price can be maintained and I feel it still looks good, be patient for something bigger because it can't be achieved in just a short time.
sr. member
Activity: 658
Merit: 274
Wish for the rain? Then deal with the mud too.
February 27, 2020, 12:20:49 PM
#58
even to reach the price of $ 1000 I was quite doubtful. Although the potential of ethereum is huge, even it is believed to be a rival of bitcoin, but I have not thought about the price of ethereum which can reach the price of $ 5000. Well, that might be a very good optimism if someone thinks like that. but, for now, even the $ 700 price is still pretty hard to believe can be achieved.
Agree, even 1000 USD was quite far a head to reach , then how even about $5000? Besides with this current time ETH doesn't even have no signs of reaching at least $500. And looking upon the last 3 month run ETH hsd only reaches $270 having a gain of +49.96, in which I kinda think that it will eventually hit $300 sooner (but $5000? Unreal, but may be in the next incoming years though), and then will fall down as people would be driven by an opportunity to get their designated profit if they would invest now. Well, I ain't saying that it is far from being real but considering the circumstances with the time being, majority have the same perception that ETH won't be able to attain such high goal.
sr. member
Activity: 1197
Merit: 482
February 27, 2020, 12:15:14 PM
#57
Depends on BTC, if it rallies to $100,000 USD then I have no doubt ETH can reach $5,000 USD at the same time.
sr. member
Activity: 854
Merit: 267
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February 27, 2020, 12:13:34 PM
#56
Well I think it is possible to reach the worth of $5000 of Eth however, it will take time probably few decades will past before ETH reach it. This won't happen in a small amount of time even if there's bull trend happen because if you will take a look way back 2017 where the market is on hype it the only ATH we've seen is around $1400 and if the halving will really bring a prosper to all coins in the market then we could only see worth of $2000 / ETH.
hero member
Activity: 2814
Merit: 576
February 27, 2020, 12:03:11 PM
#55
To be honest, the price of ETH could go up to $ 5000 in the future, but I think it will take another 5-10 years to accomplish this goal. This year or the next few years is hard for the price of ETH to go up and surpass ATH. First we need to wait for Bitcoin to go up and break ATH, then all altcoins will follow up behind.
But for now, ETH will find it hard to reach even $1000 because the market had crashed again. Although this coin has huge potentials next to bitcoin, but it will not recover immediately and it will take bitcoin to go up first before ETH find its way upward. But in the next 10 years, $5000 could be very possible for ETH price and might even surpass it even more.
copper member
Activity: 1190
Merit: 3
February 27, 2020, 12:01:27 PM
#54
When Bitcoin was $20k at its peak, ETH was $1.3K at its peak. $5k is a much higher price and I don't think this is possible in the near future. At the moment ETH is not in good condition and can touch to $150. Upcoming Bitcoin halving rewards event will certainly help the entire crypto market and we may see ETH around $500-$700 range.
legendary
Activity: 2464
Merit: 2094
February 27, 2020, 11:49:33 AM
#53
I think the OP must think rationally in expressing opinions. Everyone can predict and speculate about the price of cryptocurrency, especially Ethereum which is being discussed. The Ethereum price increase cycle has broken and has only seen decline after decline in the past few days. I only believe that prices will continue to decline if Ethereum prices do not have the support of bitcoin prices.

ETH cant even reach the $500 target by this year and now you are claiming it will reach $5000 .
Are you will to say that claim is nonsense ? I will say that because it is a very difficult target to achieve.

hero member
Activity: 812
Merit: 512
February 27, 2020, 11:36:04 AM
#52
To be honest, the price of ETH could go up to $ 5000 in the future, but I think it will take another 5-10 years to accomplish this goal. This year or the next few years is hard for the price of ETH to go up and surpass ATH. First we need to wait for Bitcoin to go up and break ATH, then all altcoins will follow up behind.
hero member
Activity: 1302
Merit: 577
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February 27, 2020, 11:25:11 AM
#51
What do you guys think ? I discuss some reasons why it might here : https://youtu.be/8Rg-CM2s7Q0
its too good to be true, we all want to increase its price to earn profit holding it but its too far for reality. ETH cant even reach the $500 target by this year and now you are claiming it will reach $5000 .
hero member
Activity: 2352
Merit: 594
February 27, 2020, 11:23:54 AM
#50
Ethereum still needs to go through a lot before it reaches that value. We all know the history and the whole journey of Ethereum and it will be hard for it to reach $5K easily. It has huge potential but we shouldn't expect too much out of it because that might only lead us into disappointment. Just have patience and when Ethereum has gone through a process of developments and adoptions, it will surely hit a good price.
legendary
Activity: 2352
Merit: 1101
February 27, 2020, 11:21:46 AM
#49
I understand now that people just want to get rich so quick that their judgement can get clouded. No other person with a clear mind would ever considering bitcoin going to 5k and I agree with that but when people are so poor that they can't think of any other way to make money, they cling to their investments and they want it to go so high that it would make them pay all of their debt and live a more decent life.

I seriously hoped for bitcoin to go for 20k as well on the recent bull run in order to pay my debt as well but it didn't and now I realize it was an unrealistic wish anyway. So, these people who make these kinds of weird and unrealistic hopes for coins to go up insanely high are not really doing it because they think that will happen but doing it because they need it to go to 5k.
copper member
Activity: 546
Merit: 1
February 27, 2020, 11:19:38 AM
#48
Ethereum reaching this price is not something I think I possible, yes it's good for one to be optimistic in the cryptocurrency space, but there are some ridiculous predictions even when analysing it turns to garbage or unrealistic measures. Cryptocurrency has lost it main purpose over the months and not until most project are implemented in the real world scenario where people make use of In their daily activities, this price figure are not what to be think of.
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