The cost of cryptocurrencies is not only interesting for ordinary users, but also for serious analysts, who claim that the price of Ethereum is currently undervalued.
Traders are actively publishing charts and calculations, which show that the market rate of the second currency by the end of 2020 will be about $790. Serious money, especially for just a single unit of currency. Already by September, an increase to $490 is projected, and then an upward trend up to ±800 will begin. Notable analysts, including Ryan Adams, believe that a reduction in the number of savings accounts in the ETH system will likely result in active spending and, as a result, rapid rate growth.
This trend will start in July 2020, once financial crisis panic subsides and people return to the conscious use of cryptocurrency. However, nobody can guarantee it a hundred percent. That's why, to stay on top of the current trends, we recommend you to keep up with all the latest news in the cryptocurrency industry with us. We only publish interesting and high-quality content. See you soon!