Ethereum Rate Could Reach $ 790 By Year-end

Kataryna Kovtun May 27, 2020

BitXmi.com

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Several cryptocurrency analysts have expressed the opinion that the Ethereum rate is very underestimated, and by the end of the year, it can grow significantly.

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Since May 10, Ethereum, the second cryptocurrency by market capitalization, has been trading in the range of $ 180 to $ 200. Crypto-investor and founder of Mythos Capital, Ryan Adams, says that ETH is still undervalued and is trading at half the rate than would be expected.

Traders Opinion about Ethereum Rate

A trader with the nickname Wolf published a chart indicating the growth potential of Ethereum almost four times — up to $ 790 by the end of 2020. He noted that in January the cost of the second cryptocurrency reached $ 130, and since then the ETH exchange rate has been constantly growing. In another post on Twitter, the analyst predicted that the Ethereum, which since May 10 has been trading in the corridor from $ 180 to $ 200, will cost $ 490 by September.

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Wolf@IamCryptoWolf

· May 26, 2020

I think $ETHBTC is going to 0.0550 by end of September https://twitter.com/BTC_JackSparrow/status/1265057664322678786 …

//Ethereum 𝕵ack

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@BTC_JackSparrow

I think $ETHBTC is going to 0.0350 by end of June

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Wolf@IamCryptoWolf

I think $ETH is going to 790$ by end of 2020.

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267

3:22 AM — May 26, 2020

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“I think that by the end of 2020, ETH will reach $ 790.”

Ethereum Jack analyst decided to show a closer target and tweeted that the ETH / BTC pair will grow by about 50% by the end of June and will reach the level of 0.035 BTC:

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//Ethereum 𝕵ack

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@BTC_JackSparrow

I think $ETHBTC is going to 0.0350 by end of June

403

3:10 AM — May 26, 2020

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74 people are talking about this

A similar opinion is shared by cryptocurrency investor and founder of Mythos Capital, Ryan Adams. He stressed that at the moment the ETH is greatly underestimated. Because the use of the Ethereum network is at record highs and the ETH rate is also time to grow. As soon as the price “catches up to this level”, it will turn into a means of accumulating value, like bitcoin:

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Ryan Sean Adams — rsa.eth

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@RyanSAdam

It’s not 2017. We’re not in a bull market

But Ethereum usage is already at all-time-highs

It won’t last

First ETH price will catch up with Ethereum usage

Then ETH price will catch up with ETH as a store-of-value

Til then…

ETH is doubly undervaluedhttps://bankless.substack.com/p/eth-is-doubly-undervalued-market-7ae …

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ETH is doubly undervalued (Market Monday — Lite)

Market Monday for May 25, 2020

bankless.substack.com

279

2:45 AM — May 26, 2020

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69 people are talking about this

How to earn money on the Ethereum`s rate?

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Disclaimer: Bitxmi News is a news portal and does not provide any financial advice. Bitxmi’s role is to inform the cryptocurrency and blockchain community about what’s going on in this space. Please do your own due diligence before making any investment. Bitxmi News won’t be responsible for any loss of funds.

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