Can ETH reach $5k in this up cycle ? - page 9.

DabsPoorVersion

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Quote from: qazgroup on February 29, 2020, 03:25:27 PM

5k is like a dream number and i am sure many eth holders and supporters will become really rich if it grows that much, i am personally trying to accumulate as much as i can before it really takes off, i do hold some but i want more and more.

It is not a dream, it is still possible for ethereum to reach $5k

However, this time is still the right time. Maybe in the next bull run or in the next following years since ethereum is showing difficulty to increase its value as of the moment.

Jannyh

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In crypto never say never,most times the unexpected happens,the way the price if Ethereum moved from $125 to $280 though presently it has retraced,if it continues like that then that price is possible,the price surge recently was too swift,also so much people trust and believe in Ethereum,again let's see what Ethereum 2.0 will bring

qazgroup

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5k is like a dream number and i am sure many eth holders and supporters will become really rich if it grows that much, i am personally trying to accumulate as much as i can before it really takes off, i do hold some but i want more and more.

hirngespenst

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Quote from: Nadziratel on February 29, 2020, 02:02:06 PM

Ethereum has huge potential. We always said that. But 5K is a big target. For this to happen, only the rise in ETH price will not be enough. Bitcoin price should also go up.

And also, as you know, the total amount of Ethereum is unlimited. In this case, it is very difficult for the price to increase constantly. If the total amount of Ethereum is limited (which has a lot of gossip about it) then ETH price can go up rapidly.

Yes, Ethereum even did not hit 500 USD after August 2018, then how can we expect 5K USD for it. Ethereum can't raise without bitcoin grows, so, 5K USD for one Ethereum means 80-90K USD for one Bitcoin, which is quite impossible for the next 5 years. I heard in the next upgrade, Ethereum may limit the supply, if that happens then Ethereum price may start having a bull run, without it, my prediction for Ethereum is 350 to 400 USD for 2020!

hirngespenst

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Sorry, all of your ideas are wrong and Ethereum has zero chance to hit the 5K USD milestone, you have to remember that ETH did not even reach at 1500 USD in the crypto golden time, and right now, the crypto market is way behind for a bull run. It's like we just not in bear market, was heading to hit the bull but fall down again. So, it's too much to think about the Ethereum price at 5K USD.

Nadziratel

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Ethereum has huge potential. We always said that. But 5K is a big target. For this to happen, only the rise in ETH price will not be enough. Bitcoin price should also go up.

And also, as you know, the total amount of Ethereum is unlimited. In this case, it is very difficult for the price to increase constantly. If the total amount of Ethereum is limited (which has a lot of gossip about it) then ETH price can go up rapidly.

ScamViruS

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Quote from: Thavash on February 26, 2020, 11:51:58 PM

What do you guys think ? I discuss some reasons why it might here : https://youtu.be/8Rg-CM2s7Q0

Expecting too much in too fast is dangerous. Because there are many facts behind it. The ath of the ethereum during the last bull run was $1,400. And then there was the hype of ico. Now the ico has decreased so the demand for ethereum has also decreased. Judging by the current market situation, ethereum can go up to $ 400-500. It won't be fair to expect more this year. Maybe we can see ethereum going $5000 in the future. But not this year.

angrybirdy

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It is possible for ethereum to reach $5k in the long run, but for now, it seems impossible due to the current situation we have in the market. If we can see how its price flows in the market, I doubt that even if the bull run comes, it will increase but it won't reach even half of $5k.

imstillthebest

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Quote from: luckyflop on February 29, 2020, 11:10:30 AM

Quote from: vvu351 on February 28, 2020, 10:19:35 PM

Quote from: moonblocks on February 28, 2020, 08:25:18 PM

Not impossible, but a lot will depend on Bitcoins performance, which is still lagging a bit in light of the upcoming halving event and the release of Ethereum 2.0 will definitely add value which may get priced in earlier in anticipation

At this stage in the development of the cryptocurrency market, I more believe in a strong increase in the price of Bitcoin. I think that the price of Ethereum this year will not exceed $ 700.

700$ is a very high price for ETH in the current market. I think there is no reason for the ETH to go up like it used to, the ICO is dead and investor demand for ETH has decreased. 400$ is the most affordable price ETH can achieve if the crypto market rallies this year

there was a pump before if im not mistake and the highest price of eth achieved that time was only at 300 usd .

how much more that the market is not really that hype ? eth right now is still strong at over 200 usd , just imagine if the market make a comeback again . i think this time will be stronger than usual because people right now are more aware of the cryptos compare to before . plus if cryptos were pumping , the enthusiasm for ico will come back again .

luckyflop

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Quote from: vvu351 on February 28, 2020, 10:19:35 PM

Quote from: moonblocks on February 28, 2020, 08:25:18 PM

Not impossible, but a lot will depend on Bitcoins performance, which is still lagging a bit in light of the upcoming halving event and the release of Ethereum 2.0 will definitely add value which may get priced in earlier in anticipation

At this stage in the development of the cryptocurrency market, I more believe in a strong increase in the price of Bitcoin. I think that the price of Ethereum this year will not exceed $ 700.

700$ is a very high price for ETH in the current market. I think there is no reason for the ETH to go up like it used to, the ICO is dead and investor demand for ETH has decreased. 400$ is the most affordable price ETH can achieve if the crypto market rallies this year

Henrytrust

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Quote from: Thavash on February 26, 2020, 11:51:58 PM

What do you guys think ? I discuss some reasons why it might here : https://youtu.be/8Rg-CM2s7Q0

I personally don't see ethereum reaching such an alt in the present market situation and condition. You need to understand that ethereum has no definite supply like bitcoin whose maximum amount is 21,000,000 and the amount in circulation just about 17,000,000. Ethereum could rally above a thousand dollars, but for five thousand, it would be very difficult, if not impossible.

thiscomm

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in my opinion it is very difficult to reach that price. because for the current situation that might have been about the green number is still at a price of $ 200 more. so to reach the price of $ 5K is still very far, not impossible but rather requires a transaction large enough to pump it up to the price of $ 5k.

michellee

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Quote from: vvu351 on February 28, 2020, 10:19:35 PM

Quote from: moonblocks on February 28, 2020, 08:25:18 PM

Not impossible, but a lot will depend on Bitcoins performance, which is still lagging a bit in light of the upcoming halving event and the release of Ethereum 2.0 will definitely add value which may get priced in earlier in anticipation

At this stage in the development of the cryptocurrency market, I more believe in a strong increase in the price of Bitcoin. I think that the price of Ethereum this year will not exceed $ 700.

If bitcoin price does not break more than $10k and the price still around $8k-$10k, then ethereum will not have a chance to break more than $400-$500. It all depends on bitcoin price, and once bitcoin price starts to increase higher, the altcoin will follow, including ethereum will follow to increase. Until that time, we need to be patient and still to buy ethereum if we want because the price now is still a low price for ethereum.

vvu351

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Quote from: moonblocks on February 28, 2020, 08:25:18 PM

Not impossible, but a lot will depend on Bitcoins performance, which is still lagging a bit in light of the upcoming halving event and the release of Ethereum 2.0 will definitely add value which may get priced in earlier in anticipation

At this stage in the development of the cryptocurrency market, I more believe in a strong increase in the price of Bitcoin. I think that the price of Ethereum this year will not exceed $ 700.

moonblocks

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Not impossible, but a lot will depend on Bitcoins performance, which is still lagging a bit in light of the upcoming halving event and the release of Ethereum 2.0 will definitely add value which may get priced in earlier in anticipation

mandor

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$5K for Ethereum I think is that's too much but it might be possible that's can be happens because it takes a long time to reach such a high price. it's hard to predict and let time answer because the current price of Altcoin is still dependent on Bitcoin. so their fate is in the hands of Bitcoin right now. honestly, I don't really like and believe in predictions.

minairia3

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Quote from: oscarftw on February 27, 2020, 06:32:48 PM

We can't quite ignore it, because that's possible. Only after Ethereum 2.0, price could hit 5K USD.

Are you nuts? How come during the release you can already state that 5k is possible right away. I dont know why some people believing that tale, ethereum is good and very effective platform but the case here OPs introduced is somehow not yet on its trajectory to discuss with. Why not try to reach 300 level and see where it goes. Even a year 1k isnt sure to hit what more is this 5k.

Quote from: spike420211 on February 27, 2020, 05:44:49 PM

To admit it looks like another bad prediction.

More likely worse prediction. Even traders will laugh on this statement without any concrete but fundamental reason.

pageraji

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Quote from: Thavash on February 26, 2020, 11:51:58 PM

What do you guys think ? I discuss some reasons why it might here : https://youtu.be/8Rg-CM2s7Q0

I predict for ethereum price when bitcoin more than 12K $ ethereum can reach more 700 $, Dont look 2017 ATH its different situation on ethereum market, 2017 was year of the ICO and alot of ICO use ethereum smart contract

BChydro

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Quote from: spike420211 on February 27, 2020, 05:44:49 PM

The market does not belong to natural mechanisms, which means it is almost impossible to predict what will happen next.

It is impossible to predict the market but we can have a guess on how the price could reach those valuation, if the investors think that there is value and utility in ETH then sure the price will rise and breach the all time high valuation but the problem is that i do not see that utility factor for ETH to dream a price rally in it Wink

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chanc3r

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Quote from: Thavash on February 27, 2020, 02:08:24 PM

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.

that's too big to assume if all of those coins will be put as collateral. Even we are still feeling doubt about how many coins will be locked in the POS mechanism after it will be fully implemented into the ethereum network. Let's say DeFi will be also accepting another kind of coins too especially for their own coin.

Topic: Can ETH reach $5k in this up cycle ? - page 9. (Read 2360 times)