CEX.IO company blog | Future prospects for Ethereum - can the cryptocurrency resume growth?

CEX.IO Broker finance expert Alexander Yanyuk gave his comment on the situation.

According to the creators' forecasts, up toEthereum should switch to a new one by the end of 2020Proof-of-Stake algorithm. Today, this is the main growth driver for the ETH/USD pair, whose quotes are feeling uncertain due to increased commissions on the network.

If we talk about price prospects, weWe stick to a fairly conservative forecast. He assumes that if there is growth, it will be limited to the $600 level. However, the most likely drop is due to huge commissions.

While mining brings good money, many miners are focused on mining Ethereum.

When the demand and excitement around a new algorithmand DeFi will subside, then there will be no one to support the rate, and the price could fall by 40% to the level of $200 per coin. Therefore, it is quite possible that Ethereum will mark the end of 2020 in the red zone.

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