In last week only, ETH has outperformed BTC by 6.7%. Till now, it is the highest rank project which is graded as S category. It has all total of 924 points as per the data of 6th May 2019. The strongest metric that supported its high score is its developer activity that got 969 points, followed by user activity and market maturity that scored 909 and 709 points respectively.
It’s Status team has released another Nimbus Development Update which covers basic whisper support, grandiose plans for DeVcon, Ethereum 1.0 syncs up to Byzantium and Season of Docs application. Its developers have also announced that their funding to an audit of its matter of high interest- ProgPow, has been approved and so they are soon going to work on that. Ethereum has also revealed its new roadmap of Ethereum 2.0, which will include sharding, eWasm, and Proof of Stake and Beacon Chain.
- Present market cap: 20,060,087,522 USD
- Present trading value: 189.16 USD
- Circulating supply: 106,046,142 ETH
- Market rank: 2
Price analysis and future price predictions:
The above chart shows that at present ETH is getting traded at 189.51 USD or 0.02659960 BTC (UTC time 04:45). Its present 24h volume is worth of 12,074,992,030 USD. The same chart shows that approx. 1 month earlier, ETH had a trading value of 162.42 USD. So, within this approx. 1 month, the value of ETH has been increased by 16.67% with 174.22 USD as a good support resistance.
Considering the price analysis and all the upcoming updates, we believe that by the end of 2019, ETH can be trading at $1400 and if the market volatility subsides, the value can be even higher.
Overall, ETH is a highly potential cryptocurrency that is worth investing for a long term basis.