copa1079
Long

Ethereum January 2019 Long Prediction – 2 Year Parallel Channel

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
Hello everyone!

Here is a crazy idea. Here I present a logarithmic chart of Etherum ( ETHUSD 0.65% ) with a 2-year parallel growth channel.

This potentially suggests that by the end of the year we could see the price of ETH being between $5,000 and $60,000 USD.


I am personally confident that the price will be nearly $5,000 and this chart supports that idea. Assuming that the total circulation supply of ETH reaches ~100,000,000 by the end of the year, $5,000 a share would result in a market capitalization of 500 billion USD. Not too ridiculous in my opinion. However, 6 trillion on the other hand (maximum channel goal), may be ridiculous. Now, I know this is fucking insane, but the exponential nature of the ETH blockchain (DApps, token genesis, etc.) suggests this channel is possible.

Personal disclaimer:

Don't take any of my published ideas as reality. Always make educated decisions before doing anything with your investments. Use my charts for educational purposes only. Trade at your own risk.

Comments

5k sounds good ill take that :)
+1 Reply
I seee 5k very realistic..Thank you!
Reply
ARe you mad 60000!
Reply
akaashhazarika akaashhazarika
Its impossible Put its market cap at 60*100= 6 Trillion Dollars
Reply
copa1079 akaashhazarika
@akaashhazarika, did you even read the analysis? I said 6 trillion would be ridiculous...
Reply
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