Ethereum Price Could Plunge Below $1,000. Is It Time To Panic?

in #hopdh2 years ago

Ethereum is the second-largest cryptocurrency by market cap and the largest by total supply. It's also one of the most popular cryptocurrencies in use today.

Ethereum is an open-source, public blockchain-based distributed computing platform and operating system featuring smart contract (scripting) functionality. The Ethereum Virtual Machine (EVM) executes scripts using an international network of public nodes across the globe. In addition to Ethereum, it includes its owncryptographic token, ether, which can be transferred between accounts and used to compensate participant mining nodes for computations performed.

The Ethereum price prediction for 2019 has been bullish since late 2018 when it broke above $ 1,000 for the first time in history. At that point, there were about 20% fewer orders than there are today for ETH/USD (Ethereum/US Dollar). However, since then, ETH has seen a slow but consistent rise in price as investors have become more optimistic about the future of this market.

Currently, bitcoin dominates the crypto world but with that dominance may come challenges as well

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