The crypto market has been down to more than two years now with a huge decrease in prices of altcoins like Ethereum whose costs once soar back at the apex of the crypto bull run when Bitcoin’s price was nearly $20,000 combined with the expanding fame of altcoins in the midst of traders.
Ethereum was extremely famous in 2017 which prompted an enormous increment in price from simple single digits to $1400 with lots of purchasing pressure from a retail crowd pushing the cryptocurrency high as can be. This was supported in those days in light of the fact that blockchain was being utilized for Initial Coin Offerings (ICOs) which implied that investors who needed to get new altcoins would put resources into Ethereum.
Source: TheCoinrepublic
Demand and supply simply determine the market value of a crypto. I do believe that predicting the outcome or something which is not in control of any individual, is simply impossible. There are people who assume an increase for Ethereum given its reputation in this industry but also there are these people who do think that it won't. Different people yields to different assumptions and perception. But looking into ETH in general, I don't think that its price would remain low. Ethereum was extremely famous in 2017 which prompted an enormous increment in price from simple single digits to $1400 with lots of purchasing pressure from a retail crowd pushing the cryptocurrency high as can be. This was supported in those days in light of the fact that blockchain was being utilized for Initial Coin Offerings (ICOs) which implied that investors who needed to get new altcoins would put resources into Ethereum.
Source: TheCoinrepublic
