{"id":56306,"date":"2019-09-09T00:52:31","date_gmt":"2019-09-08T22:52:31","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=56306"},"modified":"2019-09-09T00:52:32","modified_gmt":"2019-09-08T22:52:32","slug":"why-ethereum-surge-100-the-end-of-2020","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/why-ethereum-surge-100-the-end-of-2020\/","title":{"rendered":"Why Ethereum Price Could Surge 100% By the End of 2020"},"content":{"rendered":"\n<h2><strong>Ethereum Bulls Return as Altcoins Maintain Strength<\/strong><\/h2>\n\n\n\n<p>Altcoins seem to be back \u2014 for now. As of the time of writing this, Bitcoin dominance has hit 70% on CoinMarketCap, falling from a two-year high of 71.25% established in the middle of last week. While there are some altcoins that have managed to surge beyond compare, like EOS (which was up some 12% yesterday), all eyes seem to be on <a href=\"https:\/\/en.ethereumworldnews.com\/category\/news\/ethereum-news\/\">Ethereum <\/a>(ETH), which many say will dictate where this subset of cryptocurrencies heads next. <\/p>\n\n\n\n<p>With Ethereum managing to outpace Bitcoin for the second day in a row, analysts are actually starting to flip bullish on the cryptocurrency.  <\/p>\n\n\n\n<p>According to analyst CryptoWolf, ETH is currently tracing the price action of Bitcoin in late-2013 to early-2016. As he depicts in the chart <a href=\"https:\/\/twitter.com\/IamCryptoWolf\/status\/1169667030716489729\" rel=\"nofollow noopener\">attached to his tweet below<\/a>, Ethereum, just like Bitcoin back during its first large market cycle, saw a parabolic run-up, a bull trap, further crash, months of bottoming accumulation, and then a &#8220;mini rally&#8221; during which investors turned bearish once again.<\/p>\n\n\n\n<figure class=\"wp-block-embed-twitter wp-block-embed is-type-rich is-provider-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Market Cycles: The Key to Maximum Returns. <br>BTC vs ETH <a href=\"https:\/\/t.co\/NjmuRnM7N2\" rel=\"nofollow\">pic.twitter.com\/NjmuRnM7N2<\/a><\/p>&mdash; Wolf \ud83d\udc3a (@IamCryptoWolf) <a href=\"https:\/\/twitter.com\/IamCryptoWolf\/status\/1169667030716489729?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">September 5, 2019<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Should this fractal play out in full for Ethereum, he points out that Ethereum will test the ~$150 region, then bounce to begin its next bull market, one that could bring it to $450 \u2014 over 150% higher than current prices \u2014 by the end of 2020. <\/p>\n\n\n\n<p>Analyst Rekt Capital brought credence to CryptoWolf&#8217;s analysis, writing in reply to the fractal that &#8220;this makes a lot of sense since ETH and BTC have been, for the most part of 2019, very correlated in their price action.&#8221; <\/p>\n\n\n\n<p>Rekt Capital also referenced <a href=\"https:\/\/twitter.com\/rektcapital\/status\/1164258740469735424\" rel=\"nofollow noopener\">the tweet you can see below<\/a>, in which he postulated that should his fractal come to fruition, Ethereum will soon bounce to $360, then surge to potentially new all-time highs come the end of 2020. <\/p>\n\n\n\n<figure class=\"wp-block-embed-twitter wp-block-embed is-type-rich is-provider-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">$ETH<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24ETHUSD&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">$ETHUSD<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/ethereum?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#ethereum<\/a> &#8211; 1W fractal<br><br>Following the fractal well so far&#8230;<a href=\"https:\/\/twitter.com\/hashtag\/Crypto?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#Crypto<\/a> <a href=\"https:\/\/t.co\/5hKWLgJLba\" rel=\"nofollow\">pic.twitter.com\/5hKWLgJLba<\/a><\/p>&mdash; Rekt Capital (@rektcapital) <a href=\"https:\/\/twitter.com\/rektcapital\/status\/1167127520896004099?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">August 29, 2019<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<h2><strong>Like Bitcoin in 2015, ETH is Bottoming<\/strong><\/h2>\n\n\n\n<p>CryptoWolf&#8217;s fractal is consistent with a growing sentiment from Ethereum bulls that ETH is undergoing its first large bear market in its lifespan.<\/p>\n\n\n\n<p>In a recent three-part tweet thread, Patrick McCorry, an industry commentator and admin at fintech-centric PISA Research, <a href=\"https:\/\/twitter.com\/AriannaSimpson\/status\/1164285593322491906\" rel=\"nofollow noopener\">argued that<\/a> \u201cEthereum feels like Bitcoin in the midst of 2015\u201d, having sunk from $1,400 to $175 in a massive downturn, even with a \u201cconsistent flow of developers and startups just building (alongside ever-increasing attention from researchers.\u201d<\/p>\n\n\n\n<figure class=\"wp-block-embed-twitter wp-block-embed is-type-rich is-provider-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">1\/ The general crypto narrative seems to be drifting back to bitcoin maximalism, so I wanted to share a few thoughts on bitcoin relative to the rest of the crypto market:<\/p>&mdash; Arianna Simpson (@AriannaSimpson) <a href=\"https:\/\/twitter.com\/AriannaSimpson\/status\/1164285593322491906?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">August 21, 2019<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>His comment is reminiscent of one from Chris Burniske,\u00a0the Placeholder Venture partner who famously coined the term \u201ccrypto assets\u201d. In August, Burniske argued that Ethereum is like Bitcoin in 2014 and 2015, which is when the \u201cOG\u201d cryptocurrency had the \u201cbest risk\/reward period for investors\u201d.<\/p>\n\n\n\n<pre class=\"wp-block-preformatted\">Title Image Courtesy of Marco Verch Via Flickr<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum Bulls Return as Altcoins Maintain Strength Altcoins seem to be back \u2014 for now. As of the time of writing this, Bitcoin dominance has hit 70% on CoinMarketCap, falling from a two-year high of 71.25% established in the middle of last week. While there are some altcoins that have managed to surge beyond compare, like EOS (which was up some 12% yesterday), all eyes seem to be on Ethereum (ETH), which many say will dictate where this subset of [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":56127,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[823],"tags":[6971,83,7002],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/56306"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=56306"}],"version-history":[{"count":0,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/56306\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/56127"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=56306"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=56306"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=56306"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}