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Cornell University’s Emin Gün Sirer to launch Ava; slated to compete with Ethereum



In a new development which could open a new era in the history of the cryptoverse, Emin Gun Sirer, a professor at Cornell University, is looking at launching his own cryptocurrency and network. He will be receiving funding from several big VCs in the field.

Sirer said that the AVA network was going to be of a higher throughput, which will also be looking at reducing transaction time. The blockchain will also have an application which tracks supply-chains and keeps a tab on securities and gold.

Sirer said,“Many existing blockchains tend to be specialized, focusing on ensuring user privacy or functioning as a store of value. Ava aims to run as many transactions per second as Visa and with 1.35 second confirmation latency, which should enable all these applications, plus ones that aren’t even possible yet.”

Sirer stated that “every certificate will one day be represented on the blockchain,” while adding that the Ava network was trying to create the correct foundation for making that vision happen.

Ava Labs Inc. has already raised $6 million in funding, with the investors being Andreessen Horowitz, Polychain and MetaStable. The test version of the network will be rolled out on Thursday and the coins are expected to be released after Ava is launched publicly in a few months.

Avalanche protocol is one of the latest developments from Ava Labs. Team Rocket, an anonymous group, had last year come up with a new distributed way to verify transactions. The Avalanche protocol was designed to be more flexible and able than Bitcoin.

Emin Gun added,“You can create a digital asset on top of Ava, a coin X, And then you can say, I want my coin to support Bitcoin transactions as well as Zcash –- you can mix and mash features from different languages. And I want these features to be supported on this set of nodes.”

According to Sirer, Ava is also working towards securing large corporations as partners, and is planning to establish Ava chapters in cities throughout the world.

However, Cornell isn’t the only institution at the forefront of the crypto, blockchain revolution. According to reports, professors from seven universities have come together and are working on a digital currency called “Unit-e,” an initiative by Distributed Technology Research, a non-profit foundation.

Ava is expected to compete with Ethereum since the network will provide all the services that Ethereum already does.



Analyst: Ethereum May Target $120 Next, and History May Support This



Ethereum (ETH) has been incurring significant selling pressure over the past couple of weeks, mirroring the bearish price action that Bitcoin has been facing in the time since it plummeted from its recent highs of $10,600.

Analysts are now noting that Ethereum may be positioned for significantly further losses in the near-term, with one analyst setting a target in the upper-$120 region – which may be supported by the fact that the fourth quarter of the year is historically when ETH sees its largest losses.

Ethereum Plummets 8% as Bitcoin Breaks Below $7,000

At the time of writing, Ethereum is trading down over 7% at its current price of $148.70, which marks a major retrace from its daily highs of over $160.

Ethereum has been caught within a firm downtrend ever since it failed to break above $190 earlier this month, and it is important to note that it has been unable to garner any significant upwards momentum in the time since it was rejected at $190, which has been largely due to its close correlation with Bitcoin.

Earlier today, the cryptocurrency did fall as low as $140 before it found some buying pressure, which may mean that this is a near-term support level that provides some much-needed relief to ETH’s price action.

In spite of this, The Cryptomist, a popular cryptocurrency analyst on Twitter, explained in a recent tweet that ETH recently broke below the lower boundary of a descending triangle, which means it could move as low as $126 in the near-term.

“$ETH: Descending triangle is completed! This pennant typically breaks down as displayed. I think we could see $126-$130 region,” she noted while referencing the chart seen below.

History May Spell Trouble for ETH

Although a drop to The Cryptomist’s targets may seem unrealistic, it is imperative to keep in mind that ETH is still trading up from lows of $83 that were set in early-December of 2018.

Additionally, history may support the notion that Ethereum will soon see further downside, as it has historically seen 40% price declines during negative quarters, which would mean that it may drop to $108 in the coming couple of months.

Josh Olszewicz, another popular cryptocurrency analyst on Twitter, spoke about this possibility in a recent tweet, pointing to a spreadsheet that shows ETH’s historical returns on a quarterly basis.

“Historically – Q4 has been $ETH’s worst quarter – $ETH negative quarters have averaged -40% (= $108 for current quarter),” he explained.

The coming few hours and days will likely further elucidate where ETH will trend as 2019 comes to a close, as any further near-term downside could spark a bout of capitulation

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Ethereum Price Prediction 2019 & 2020 – Future Forecast For ETH Price



In this post, we will present our own and market’s opinion (both from popular algorithms and experts) on Ethereum future while discussing Ethereum price forecast for 2019 and beyond.

Since this year is almost up, Ethereum price prediction 2020 is way more interesting, so we made sure to include that section as well, just make sure to scroll all the way to the end.

Now, let’s get to it.

Before we delve deep into the Ethereum price prediction and answer questions if Ethereum is a good investment or not, why will Ethereum succeed or fail or while will Ethereum price rise or drop, let’s quickly do a brief on Ethereum and its to date history.


Year in Review

Even though the price dropped almost 90 percent, Ethereum was still one of the most active and vivacious projects in 2018 as it has seen increase in developer interest, expansion of the developer pool, incremented growth of useful dApps regulatory certainty, and institutional interest indicating that Ethereum is anything but dead.

There’s no doubt the 2018 bear market has been vicious, as Ethereum lost over 92% of its value but has recovered somewhat from the yearly low that went below $100 at one point. However, price of Ethereum still maintained the second spot in cryptocurrency market, ranked by market capitalization, ahead of XRP and BCH.

Higher Transaction Volume

The Ethereum blockchain has seen growth of active addresses and on-chain transaction volume in 2018, which are both good proxies to measure adoption. The number of unique Ethereum addresses broke the 50 million mark, and the rate of unique address creation has increased in 2018 as well.

Starting in March 2018, the network stabilized at around 50 million ETH transacted per month, and has fluctuated nominally month-to-month since.

Bitcoin wasn’t the only cryptocurrency to garner attention from the world of traditional finance. Fidelity Investments is launching an institutional platform for Bitcoin and Ethereum and the investment company currently provides financial services for $7.2 trillion in assets.

While CBOE is expected to adopt Ethereum in 2019, Coinbase has already adopted ERC-20 tokens with almost gay abandon over the last couple of months.

Approximately 200k smart contracts were created and deployed in June since the start of 2018, and that number has grown to more than 1 million in October and nearly 1.8 million deployed in 2018 to date. This is an increase of nearly 25% year over year. The number of successful calls to smart contracts has remained consistent at 1.2 million per day when compared to 2017.

Trade while you sleep with two of the cryptocurrency bots on the market – Cryptohopper or 3Commas.

Interest in the Ethereum community is growing in general as well. Reddit’s community has grown to more than twice its 2017 size, from 176k in early December 2017 to 418k in early December 2018, and several telegram communities have more than doubled their users as well.

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Without fail, the Ethereum blockchain remains the most robust smart contract platform in existence. Of the top 100 tokens by market cap, 96% are built off Ethereum. Of the top 1000 tokens, 89% are built off Ethereum

Ethereum Roadmap for 2019

Ethereum has unveiled a “new” roadmap called Ethereum 2.0.

Some of the major updates that will be included in Ethereum 2.0 will be:

  1. Sharding 
  2.  Proof Of Stake & Beacon Chain
  3.  eWasm.

Another pivotal milestone on the Ethereum roadmap was the Constantinople Hard Fork that successfully went live at the end of Febraury. The Ethereum team has had three major roadmap milestones laid out for them since 2016:

  • Byzantium 
  • Constantinople
  • Serenity

Each of these milestones laid the groundwork for eventually moving to Proof OF Stake (Serenity). Byzantium provided the much needed security. And Constantinople is laying the pieces to allow the transition to Serenity (Casper V2).

There will be 5 main EIP (Ethereum Improvement Proposal) introduced in Ethereum 2.0.

#1. EIP 145: This introduces bitwise shifting, as EVM opcodes. This more efficient way of coding can reduce the cost of gas and number of instructions required.

#2. EIP 1052: Optimization of large scale code execution.

#3. EIP 1283: This is based on EIP 1087 and introduces a pricing method for storage to developers.

#4. EIP 1014: This is Vitalik Buterin’s upgrade proposal for a scaling solution that is based on state channels and “off-chain” transactions.

#5. EIP 1234: This reduces the block mining reward from 3 ETH down to 2 ETH. This will also delay the “difficulty bomb” for 12 months.

Our Ethereum Price Prediction for 2019

ETH, as the rest of the market, is tied at the hip of bitcoin’s price action. If bitcoin embarks on another bull run, ETH can hope for one as well. Since that is very unlikely, don’t expect much to change for ETH price-wise in this year. So 2019 will be a year of boring sideways action in the cryptocurrency market with minor bitcoin ignited jumps and slumps. Market capitalization will also probably levitate around the same heights as it did for most of the year: between $200 and $300 billion.

See out Holochain Price Forecast for 2019

The main currency in cryptocurrency markets is Bitcoin and given this, altcoins tend to fuel Bitcoin runs and Bitcoin tends to do the same in return. Given this relationship, Bitcoin price movements (or lack thereof) tend to effect altcoin prices.

Vitalik Buterin, co-founder of Ethereum said:

“There are some good ideas, there are a lot of very bad ideas, and there are a lot of very, very bad ideas, and quite a few scams as well”

As a result, over 95% of successful ICOs and cryptocurrency projects will fail and their investors will lose money. The other 5% of projects will become the new Apple, Google or Alibaba in the cryptoindustry. Will Ethereum be among those 5%?

Very high probability of that happening.

Ethereum has an order of magnitude more developers building on it than any other platform — and this gap is widening by the day. That means if another blockchain platform wants to beat Ethereum in terms of developer adoption, it’s not enough for it to catch up to where Ethereum is now — it has to exceed Ethereum’s growth rate moving forward. If you don’t have developers building applications on your blockchain, you’re effectively building a ghost town.

The blockchain platform that has the most developers building real-world applications on top of it will be the platform that gains the widest mainstream adoption. And not only does Ethereum have a massive head start in this area, but the gap is widening with each day that passes.

Ethereum has better tools and infrastructure for DApp development than any other platform. TruffleInfuraWeb3.jsOpenZeppelinGethGanacheMetaMaskCryptoZombiesMyCryptoEtherscanERC20 and ERC721.
These are tools (among many others) that different developer teams have tirelessly poured hundreds of thousands of hours into — and they’re free to use for any Ethereum developer who wants to build a DApp on Ethereum.

All of this summed up sets ETH apart from any of its numerous “killers” like EOS, NEO, ADA, TRX etc.

Here is a tabular summary of what prominent predictors, experts and websites, think ETH could be worth in the next years. We took highs and lows and averaged them to the values listed below.

YearPotential HighPotential Low
2023 – 2025$360,000$8,000

Market prediction for ETH Price 2019

With the market being completely unpredictable, forecasting the cryptocurrency price is really more of a gamble and luck rather than a data driven guesstimate.

Let’s throw a glance at the eminent publications and personalities, and their predictions regarding the Ethereum price, which will give us another point of view to consider:

Nigel Green Ethereum Price Prediction

The deVere group, one of the leading International Financial consulting firms’  CEO Nigel Green, predicted that Ethereum would reach more than $2500 by 2019. He stated three reasons for ETH price increase- more platforms used for trading and more demand for digital currencies, increased use of smart contracts and the decentralization of cloud computing.

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Aayush Jindal

The current technical structure will remain negative as long as the price is below $515, but a successful 2-hour close above this level may perhaps decrease the current bearish pressure and open the doors for a fresh upward wave. On the flip side, the recent low of $477.31 may act as a decent support, the next buy zone being around $450. Overall Ether could consolidate in the short term, but it remains at a risk of more losses until there is a break above $515.

Trading Beasts Ethereum Price Prediction

According to the website, Trading Beasts, the price of Ether might reach $908 by the end of 2019, the average price might revolve around $650. That was a very optimistic price prediction for Ethereum.

Wallet Investor

Walletinvestor is a popular website that does technical analysis-based price predictions of various cryptocurrencies. According to them, ETH is expected to go down to $15 in one year. This price prediction is very skeptical and probably inaccurate as the current price is a whole order of magnitude greater and ETH would need to totally implode to drop that heavily.

Ian McLeod Ethereum Price Prediction

Ian McLeod, an influential technology expert of Thomas Crown Art predicts that Ethereum might reach something more than $500 by 2019 as it might experience a global and monumental breakout. He mentions that BTC might lose 50% of its crypto market share to ETH in 5 years or so.


Cryptoground predicts that ETH might reach $335 by the end of 2019. They even added their version of RDD price prediction 2024, where they stated that RDD might reach $1471 by 2024.


Digitalcoinprice gave a very positive prediction saying that by 2019 end, ETH might be 3x more valuable than now – $304 per coin.

ETH Future: 2020, 2023, 2025

ETH Price Prediction 2020

Having a huge brand recognition in one of the most reasonable applications of blockchain – dapps platform, ETH is positioned optimally to stay a top cryptocurrency, right behind bitcoin. With a potential bitcoin-induced bull run, reaching the previous all time high of $1400 is achievable.

ETH Price Prediction 2023

If ETH maintains its relevance in the industry and manages to stay ahead of their competition, which is very likely, it might be worth 10-100x than its hitherto all time high.

ETH Price Prediction 2025

Again, If TH maintains its relevance in the industry and manages to stay ahead of their competition, it will surely be 100x+ more worth than now.

Realistic ETH Price Prediction

Predicting prices of novel, highly volatile and risky asset classes is a thankless task – best answer is no one knows. Educated guess is that realistic ETH price for the foreseeable future is somewhere between its current price and its all time high.

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Ethereum (ETH) Price Has Broken Downtrend and May Start Rising, ETH Developer Says



Ethereum has broken the downtrend and is now retesting the trend line, an ETH developer states, saying that a positive outcome for the ETH price is likely .

The price of Ethereum, the second biggest crypto by market cap in the top ten line, has dropped by over 10 percent. All altcoins are declining following the flagship currency Bitcoin in its bearish trend at the moment.

Ethereum and EOS are both losing the biggest amount of value – ETH minus 10.79 percent. EOS minus 10.45.


Image via CoinMarketCap

However, a core Ethereum developer, who goes by the name @antiprosynth on Twitter, has brought some good news and a hope for a bullish reversal.

Ethereum price may go up if it holds

Looking at two charts, where ETH is trading against USD and against BTC, @antiprosynth states that ETH price has broken the downtrend on both charts and is now retesting the trend line.

While answering a question from a follower in the comment thread, the developer says that if ETH manages to hold from dropping further, the price may start growing.

Ethereum’s hard fork Istanbul approaching

As reported by U.Today previously, the announced date of the Istanbul hard fork is December 6, which is about two weeks away from now.

This major upgrade has been delayed a few times but now Ethereum seems determined to implement it in the final days of Q4 this year.

Ethereum and Bitcoin are ‘formidable’ collateral economies

A few days ago, a cryptocurrency influencer Chris Burniske expressed an opinion that Bitcoin and Ethereum have gone beyond being just a medium of exchange and now they represent ‘formidable’ collateral economies.

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