Crypto currencies have been all the rage for the past few years, take a look around and your will immediately come to realize that more and more people are stepping into the world of crypto currencies. Why? Well it is really simple if you think about it. For almost the past decades, quite a lot of people have made a considerable amount of money by trading various crypto currencies. This includes bitcoins, altcoins, ethereum, and a lot more. Although bitcoin happens to be the reason to make way for all the other crypto currencies that we know today, it has quite a bit of competition these days.
Ethereum in particular is giving it a lot of tough time. Unlike several other crypto currencies, Ethereum is quite stable and only continues to improve as time passes by. It is a major reason why people are choosing it over various other crypto currencies. They know that it is perfect for long term profits and could provide them a financial safety net that few other digital currencies could. Ever since this crypto currency has come to the forefront, people who have invested in it and even the people who have not invested in it are often curious about the latest news and updates regarding it. This is why thy go online to look at articles and reviews to find out how Ethereum is doing. Market review in particular comes in quite handy for people who want to find out about Ethereum or any other crypto currency for that matter.
There are numerous online forums that you can resort to in order to look at these reviews. However, be careful as a lot of them are not what they seem to be. They lack legitimacy and often tend to offer false information that misleads people into making the wrong decisions regarding the crypto currencies that they have invested in Xtrgate.
What People Predicted About the First Quarter
How they Approach things
A fair bit of market reviews have extensively discussed price predictions regarding Ethereum. People show a lot of curiosity regarding these predictions as they believe that some of them could help them make better investment decisions. However, you still have to be very careful when choosing these predictions and only rely on credible sources.
Making predictions regarding Ethereum or any other crypto currency for that matter seems counter-productive. Some of them turn out to be true, while there are others that could not be any further from the truth. The fact of the matter is, no one can actually predict how Ethereum prices will exactly turn out to be in the future. Although there are some people who make correct predictions by chance, there are thousands of them whose predictions are far off.
Suffice to say, there are no guarantees when it comes to predictions. If it was the case, all of the people reading them would become wealthy and rich within days. You must make sure that you perform some independent research as well. Sure you will come across hundreds of blogs and reviews telling you why and how to invest in a certain crypto currency. But there is nothing more reliable than talking to fellow traders and doing some digging on your own.
In case you were not aware, the crypto currency market happens to be one of the most volatile landscapes in the world. In this industry, prices go up and down quite frequently, and the worst part about it is that no one is able to find out the reason behind them. That said, whenever you start analyzing price predictions, it is highly important to take real world events into considerations as well.
What this means is- you must also consider things like partnerships, improved technology, future developments, regulations, and several other things. On the other hand however, some traders prefer using chart analysis for predicting the future of their respective crypto currencies. That being said, choosing which method to rely on is completely up to you.
Common Opinions about Ethereum’s First Quarter
People had varying opinions regarding how the year 2020 would go for Ethereum. Some people predicted that there would be a lot of instability; some thought that it would remain stable just like it had always been while there were others that thought that 2020 would be the year where Ethereum’s profitability would rise to the next level. All of these predictions were made with a lot of considerations. People had to take in various factors to come with their predictions. However, there was one thing that most of these people most likely did not take into account, and that is the Coronavirus. No one would have thought in their wildest dreams that the world’s economy, digital economy included would change so drastically.
It is no secret the virus has made a major financial dent over economies all over the world. Seeing things like these transpiring, many people had to change their predictions about the Ethereum for the first quarter of 2020. The later on said that this would be the first time ever when there will be a massive drop in Ethereum including various other crypto currencies. It caused a lot of discussions and pessimism in the crypto trader community as they believed that all of the money that they had invested in their digital currencies, especially Ethereum would turn out in losses. Little did these people know that things could turn out differently as well.
Crash in the Crypto Market
In case you were not aware of this, there was a major crash in the crypto currency market in the previous month. The main reason for this crash was obviously the much dreaded COVID-19. People had to endure several losses in the crypto currencies that they were trading or investing in. This also included big name crypto currencies, like bitcoin, altcoin, and dash. With people taking financial hits like they never did before, a lot of people started to consider pulling back from trading and investing in crypto currencies until things settled down.
Ethereum Defies the Odds in the First Quarter
With such a massive crash in the crypto currency market, people thought that there was no point n trading crypto currencies for the foreseeable future. However, they did not take into consideration that Ethereum was there too. Surprisingly, Ethereum happens to be one of the few crypto currencies that still stand tall despite the tough times. It proves that this digital currency is indeed as stable as a lot of traders make it out to be. Some market reviews indicated that there was close to a 20% increase in Ethereum related wallet activities, which is quite surprising considering the tough times that we are living in these days.
What Does the Future Look Like for Ethereum
So far, Ethereum has been soaring through the roof. Its profitability has increased by tenfold, which is why it is safe to say that Ethereum is by far the crypto currency that everybody should consider investing in. As far as the future is concerned regarding this crypto currency, it seems quite bright. As a matter of fact, it would even be fair to say that it is a lot brighter than several other crypto currencies out there. Why? Well, ever since Ethereum has come to the forefront, it has proven to be nothing less than stable. As a matter of fact, a lot of brokers use the crypto currency’s stability as its selling point. Many experts in the crypto currency landscape predict a good future for Ethereum. They also firmly believe that other crypto currencies will become profitable in the near future as well.
Some people think that this Ethereum and various other well-known crypto currencies could become the norm for the future. Some even go as far as claiming that since people could be practicing social distancing for a long period of time, they will benefit from having a digital currency as stable and profitable as Ethereum in their wallets.
Where Does this Leave Ethereum 2.0s Launch
In case you did not know, Ethereum 2.0 was supposed to launch earlier this year. However, the spread of the virus caused things to delay. That being said, Ethereum 2.0 has been facing delays way before the virus even occurred. However, this year was supposed to be the one where things finally got finalized. Although there are no signs of the virus going away completely, there have been some signs of slowing down in some countries. Therefore, you could completely expect the launch of Ethereum 2.0 to happen this very year. As a matter of fact, some people have even predicted that it could happen as early as July 2020, which obviously is not that far away. With this information in mind you can expect Ethereum to go to the next level and provide Bitcoin ever tougher competition in the future. If things keep going as steadily as they are for this crypto currency, it would not be a surprise to see it topple bitcoin once and for all.
Should I Invest in Ethereum
Absolutely, now is a better time than ever to invest in this crypto currency. As we have discussed countless times earlier, Ethereum is as profitable as it was before, you could fo nothing wrong by choosing it for long term investment. Just make sure that you choose a reliable broker for your trading and transactions so that you are not ripped off. Other than that, you can invest in Ethereum with your eyes closed these days and see profits in a very short amount of time.