Etherium prediction

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#Ethereum Price Prediction 2020

Are you currently holding some Ethereum coins and want to know what the future holds for the project? Or maybe you’re wondering how high will Ethereum go in 2020? Either way, I’ve got all of your questions covered!

By the way, did you know that if you bought $10 worth of Ethereum coins at the start of 2016, they would have been worth over $10,000 at the end of 2017!?

If only I knew this? Surely, I bought more than $10 worth Ethereum.

Anyway, in this Ethereum price prediction guide, I am going to start by briefly explaining what the Ethereum project actually is, followed by a quick overview of what you need to consider before acting on a price prediction. So, what are you waiting for?

Let’s start by finding out what Ethereum actually is!

Ethereum was founded in 2015 by a Russian-Canadian developer called Vitalik Buterin. It is a blockchain protocol that allows people from all over the world to send and receive funds without needing a third party. You can also do your own research by watching youtube videos about Ethereum and how smart contract works.

However, unlike Bitcoin, Ethereum can do so much more than perform financial transactions. It became the first ever blockchain project to host something called smart contract technology.

What is a smart contract?

A smart contract is a piece of code that allows people to enter into an agreement without the need for an intermediary. Once certain conditions happen, the smart contract is able to automatically move funds from one person to another. Just like smart contracts, every single transaction that ever occurs in the Ethereum system is available to view on the public blockchain, making the network transparent. In terms of performance, Ethereum is able to confirm a movement of funds in about 16 seconds. The blockchain is able to scale a maximum of 15 transactions each second, which is much less than other smart contract protocols. So, now that you know what Ethereum actually is? Let me tell the future of Ethereum before 2020 end.

According to the analyst, Bitcoin and Ethereum will each hold 25% of the entire cryptocurrency industry, which he predicts will have a total market capitalization of $4.5 trillion in 2020.

Market capitalization is used to calculate the total value of a cryptocurrency, much in the same way as real-world companies are valued. It is achieved by multiplying the current market price of a coin by the total amount of coins in circulation.

For example, if the value of the coin was worth $20 and there were 10 million coins in circulation, then the total market capitalization would be $200 million.

Now, in the case of Ethereum, although there is no fixed supply, Ullery uses a total coin circulation of 100 million as this is what Vitalik Buterin has suggested will happen.

So, considering all of the above, this particular Ethereum price prediction 2020 believes that Ethereum will be worth $11,375.

This would give Ethereum a total market capitalization of over $1 trillion! So, is this possible?