Ethereum price
The price of Ethereum is exactly what makes users eager to buy it. Because of the unique features mentioned, the price seems relatively reasonable. Ethereum , on the other hand, is much cheaper than Bitcoin. According to statistical information, the price of the Queen of Cryptocurrencies has gone through many ups and downs since its formation, which can be clearly seen in the chart above. Ethereum pricing depends on several factors, which we will discuss below. But before that, it is better to have a look at its price in 2019.
Ethereum prices in 2019
In the first six months of 2019, the price of Ethereum grew by 139%. In the second half of the year, the price fell by nearly 36 percent, but then it was able to reach its peak price and reach the peak of $ 350. The circulation of this digital currency at the time of writing is more than 111 million ethers, which shows its popularity among users. Although the price has been declining ever since, it is still having relatively good days. Against this background, let's go to the reasons for the price fluctuations of this popular and lovable currency.
Factors of Ethereum price fluctuations
The first reason for the price fluctuation can be found in the rumors surrounding it. Almost immediately after every rumor about a particular issue, we see a change in its price, and Ethereum is no exception. In such cases, the best thing to do is not to make emotional trades, as it can lead to your loss.
The second reason for the price change could be the fluctuation of the Bitcoin price. It can be said that with each time the price of Bitcoin fluctuates, Ethereum also fluctuates in price.
Another reason that can affect the price of these cryptocurrencies is the movement of cryptocurrencies to buy or sell currency. In these cases, if a large amount of Ethereum is bought by these people, prices will increase and if sold, prices will decrease.
Another factor in changing the price of Ethereum is related news as well as ongoing projects. News, like rumors, has a direct impact on prices. On the other hand, the projects that Ethereum is looking to unveil and implement can have a very positive impact on its price.
For example, if Ethereum 2.0 is unveiled, we will definitely see an increase in its price, to the point that perhaps the $ 350 price tag for Ethereum will become a memory and we will see its record break many times.
