Topic: Will 2020 be ETH's biggest year yet? - page 5. (Read 2010 times)

I do not believe in technical analysis, but in this case I agree with your conclusions. If market growth continues, it will mainly be due to altcoins. They are more volatile and have less capitalization, therefore, their price is more dynamic. Which in turn attracts both investors and speculators.
The best altcoin is ETH, so if there is confidence in the growth of the market, investments in ETH are the highest priority.

Not true at all. Ethereum is moving independently from Bitcoin at the moment. To understand this, you need to look at the ETH/BTC chart:


ETH was in a looong descending channel since 4th January 2019 (!) So even when bitcoin had a mini bull run in Q1-Q2 2019, Ethereum was losing against Bitcoin. And when Bitcoin had correction in Q3 and Q4 2019, Ethereum kept falling against Bitcoin.
Turning point was the beginning of 2020 when Ethereum reversed and is now growing in price faster than Bitcoin. It took one whole year that ETH broke the resistance (red line on my chart). This move from 0.023 to 0.0257 (current) was so obvious that I'm so angry at myself that I didn't take advantage of it. Why obvious? (1) ETH broke the ONE YEAR LONG resistance and (2) a 3day chart formed a three-bar-play pattern which is more often than not followed by upward momentum. The question is, is ETH going to continue this rally and return to 0.04 BTC, or stabilise bellow 0.03 BTC.

I say that ETH has good chances of reaching 0.04 BTC in couple of months. Bitcoin Dominance is falling for several weeks in a row. It was rising for TWO YEARS and now it broke the support. After second thoughts I'm gonna wait for this week's candle to close and if it closes bellow support, I'm hunting for some Altcoins, ETH being first on my list.
Good luck fellow traders. And don't forget, always use stop loss!

Much expectation to ETH. I was even preparing for its POS so I can just stake my holdings.

Maybe ETC is indeed where the miners will go or they can go to XMR if they are going to take the risk while some exchanges are not pairing it anymore.  ETC is a much cheaper coin for now but it may not take long til this one also will make its way up. There isn't so much project using ETC however so its demand will only evolve to small community where some teams prefer ETC.

Funny, but only 10 dollars left to make your words extremely accurate!
Maybe you want to make some more forecast? Now I'm really interested 

Well, at least this year will be a trigger for an increase in ethereum prices. I believe that right now people are trying to buy and hold ethereum and wait until ETH 2.0 is achieved. however, the ETH 2.0 system will make it easier for people to make money, even I also prepared it. I think that the minimum price for this year's ETH is $ 500.

Firstly, Ethereum has over the years hown its strenght in its Samrt contract innovation and as it gained the first mover advantage, it has attraccted loads of project in its platform and its new POS algorithm that will work alongside POW is kind of a new development to the ethereum team, i am yet to fully get the picture of how they are going to handle this technologically but i know its going to attract an increase in the price of ethereum, more like a compensation for the hard work by the team. A good one there i must confess and Kudos to them this year 2020 and beyond.

This is a possible prediction if demand for investment in this market tends to increase in the near future. However, you are not always lucky to make a profit because the market is very volatile. In fact, the $1,000 price is quite achievable but ETH will certainly have many major adjustments before this price occurs. Currently, I only spend 5% of assets to invest and will keep for a long time.

400-500$ would be my minimum target after seeing todays gains. There is unreal usage on eth as far as i know #DeFi

So far it's just the beginning of the year and I personally think that ETH is not going to have a great year because the best year for ETH is 2021-2022

Today, there are a lot of forecasts regarding the development of the entire cryptocurrency market, as well as individual cryptocurrencies.  If you pay attention to the analysis and forecast of online analyst Bob Ullari, who bases his statements on the indicators of the global economy and global interest in the blockchain of many institutions of state and commercial structures, as well as in international trade.  The forecasts of this person is that in 2020, Bitcoin and Ethereum will occupy almost 25% of the total cryptocurrency turnover in the world.  I think this is a great indicator and for ethereum it can be really big leaps forward this year.

Not just Ethereum but majority of altcoins are greatly depending on the bitcoin price. And with the incoming bitcoin halving and the updated version of eth, we can expect that ethereum will definitely gain a very positive price making it reach another ATH. Once bitcoin will make a very high price increase, ethereum too will never be left behind having its price maybe ranging from 400$-500$ i guess by that time.

ETH 2.0 should be an imrpovement of the current system and every improvement deserves to be appreciated by investors.
However, to think of the price reaction, I think it is more on the market sentiment than the development of the project, if it launch and the market is bullish, then we will likely see a bigger success for ETH with ETH 2.0.

Yes,,, correct. ICOs made Ethereum popular but they also were responsible for everything bad that befell ETH after the boom. But we take some lessons from Bitcoin in the early days when everyone thought it was just gambling and dark markets,,, and to be fair at some point early on it was a lot of bitcoin gambling! From adversity comes oppportunity so let us see ETH 2.0 and what it offers.

my honest opinion? ETH is doing some things right but I have already said several times that I don't see a new ATH.
the ICO hype a long time ago was the highlight of ETH and it will probably stay that way.
would like to fool me as I already own several ETH but I am afraid that the altitude flight will not come as expected.

BTC is biggest player and a lot demands from it. If it will keep going up im sure eth will do well. It better should do, placed to big bet on it ...ha
If BTC crashes everything else will crash.

Well, it depends on how Bitcoin's price will progress over this year due to Ethereum is the follower of the king. In fact, I am pretty that Eth's price will touch $ 1K  but after Bitcoin halving, possibly, this prediction will happen when Bitcoin's price rise to $ 18K or $20K , I advise everyone invest into these best coins, because you will certainly earn an acceptable profit in a safe way.

Yes. We've been waiting a very long time for the dev team to adopt PoS on the ETH blockchain. But day after day, they keep delaying the same. It's somewhat disappointing for the ETH hodler, as its competitors are already one step ahead of the game. EOS, TRON, and Cardano are much more scalable than Ethereum with faster transactions, and in some cases, no fees (especially DPoS chains like TRON and EOS).

Perhaps you're right and the team decides to implement PoS on Ethereum by July this year. It will coincide with its 5th anniversary becoming an exciting event in crypto land. But rest assured that if this year there's no improvement for ETH, people's interest into the cryptocurrency will continue to decline. And if this keeps going, you could expect ETH's market share to decline paving the way for its competitors to take over its second place in market cap. I hope that I'm wrong and this would turn out to be the biggest year for ETH yet.

In the meantime, prices are still below $1k per ETH. You could easily accumulate Ethereum until the time comes to sell it. With a PoS version of the Ethereum blockchain, people will buy more ETH than they will ever sell. After all, the Blockchain will reward hodlers most. The more ETH a person has, the more the reward will be. While I'm not quite fond with the unlimited supply of ETH (which leads to inflation), it has still managed to retain its value within the mainstream world. The dev team could easily decide to implement a hard cap on ETH's supply if the need arises.

Nonetheless, there's no denying that Bitcoin's halving will have a positive effect over Ethereum's price across the market. This, combined with the PoS upgrade, should make 2020 the biggest year of Ethereum yet. Just my opinion

It looks very strong. We have to look at onchain data

I also heard that the developer will delay this development a bit, and the reason is not clear, because there are too many tokens using the network, so this interferes with the development, or they really did it on purpose, until Q2 this year.
Whatever it is, I hope it will be implemented quickly, and we will see progress from Eth with the new version

Of course, when ETH goes to PoS mining, ETH will start buying very actively to get passive income. This should add value to ETH.