Ethereum Cryptocurrency Forecast for 2019: Trends and Insights
The use of smart contract software on Ethereum has revolutionized the way digital agreements are concluded. This decentralized technology ensures trust without the need for mutual confidence, offering a secure environment for business transactions.
Transaction speeds on Ethereum also surpass those of Bitcoin, with a more robust blockchain technology capable of handling a larger volume of operations. However, the majority of Ethereum buyers engage in speculative investments, leveraging the potential for profit from fluctuations in the crypto market.
Market Pulse and News
The last time the Ethereum price was this low was in 2017, where the ETH was supported at 91. Recent news and opinions suggest that there is a risk for the Ethereum price to decline further in 2019. The last support level for the cryptocurrency was around 100, and it could easily drop to 90 again.
Dec 2018 Market Surge
On December 17, there was a sharp increase in the value of the cryptocurrency market. In a span of an hour, the market value grew by 4 billion dollars, reaching a sum of 109 billion. This period saw a significant uptick in the prices of most cryptocurrencies. Bitcoin rose by 5%, XRP by 4%, Stellar by 6%, and EOS by 11%.
Ethereum Price Highlights in December 2018
The average market rate of Ethereum increased to 141 on December 24 and rose further to 158 on January 6, 2019. However, after this peak, the Ethereum price started to decline again. Currently, the Ethereum coin price is fluctuating between 100-120 USD.
Addressing Cryptocurrency Scams: CryptoCrimePolice
It is important to note that amidst the excitement of investing in cryptocurrencies, individuals have encountered scams through fake ICOs, Ponzi schemes, and other fraudulent activities. Those who have fallen victim to such scams can now find hope through the CryptoCrimePolice platform. This platform offers recovery, tracking, and tracing of lost cryptocurrency funds, specifically aimed at reducing the fraud rate in the cryptocurrency ecosystem.
CryptoCrimePolice became a crucial tool for recovering stolen cryptocurrencies. For instance, the platform helped in recovering over 11 BTC from a fake mining website. This service is not only personalized but also free of charge. If you are a victim of cryptocurrency fraud, do not hesitate to reach out.
Conclusion
The future of Ethereum in 2019 is intricately linked to the broader market trends, technological advancements, and the confidence of investors. While there are risks associated with the decline in prices, the unique features of Ethereum, such as its smart contract capabilities and faster transaction speeds, continue to attract new users and investors. For those interested in speculation, it is crucial to stay informed and vigilant. With the help of platforms like CryptoCrimePolice, the crypto community can work towards protecting themselves and fostering a more secure environment for all.