Wondering How to calculate ethereum future price? If your answers is yes then I am here to help you out. Ethereum is the second most popular cryptocurrency available out there. And I am pretty sure that many of you are interested in purchasing or investing in EtH.
But all you want to know is if the price will go up or down. And in this article, I am going to talk about this only. But first, let’s just go ahead and know what ethereum is. So here we go:
What is Ethereum?
Ethereum is an open platform that allows developers to build and deploy decentralized applications such as smart contracts and other complex legal and financial applications. You can say that Ethereum is the programmable version of Bitcoin where the developers can use the underlying blockchain to create markets, shared ledgers, digital organizations, and other endless possibilities. And all these things can be done without the need for a middleman.
Ethereum was released in 2015, and it is the brainchild of prodigious Vitalik Buterin, who saw the potential uses of Bitcoin’s underlying blockchain technology as the next step in furthering the expansion of the blockchain community. Ethereum is now currently the cryptocurrency with the second highest coin market cap and is expected by some to surpass Bitcoin.
How to calculate ethereum future price?
To be honest, there is no formula at all to calculate the future price of Ethreum. The price of cryptocurrency is like any other commodity. It depends on supply and demand.
Also, the price floats in real time based on the needs and interests of buyers and sellers. And how determined they are to hold or own the commodity.
However, according to some, there is a calculating method. And in this method, you will first need to find the market cap of the currency. After that, you have to find out the circulating supply of the currency. Next, you will need to divide the market cap with the circulating supply, and you will have your result.
However, there is also a good practice that you can try out to calculate ethereum future prices. There are quite a lot of websites on the internet that often releases future prediction of certain coins. And by going through them, you can have a proper idea of whether the price will go up or down.
But as it is a prediction only and different websites have their opinions. So it is quite hard for us to trust any figure in the first place only.
So that was the answer to your How to calculate ethereum future price question. Sadly, there is no really valid calculation method. As there are quite a lot of things that decide a cryptocurrency price. Also, the price of a currency fluctuates a lot. So it would be hard for anyone to say the future price of a crypto coin. But crypto coins like Bitcoins and Ethereum definitely have a bright future ahead.