Quote from: bakasabo on Today at 11:17:18 AM

Quote from: durilup on August 18, 2020, 04:32:36 PM

I feel this year we can see ethereum back at $1200 because more and more people join DeFi projects and that's why I think it will be a bullrun . But as we know every investment has their own risks

I think opposite. $1200 seems far, far away. Current price need to increase 3 times and we still havent face any correction and all we do are just growing. 4 months will fly in seconds. Everyone now join DeFi projects, soon DeFi will be everyone and it wont be unique anymore. So dont relay on it much.

Ethereum 2.0 also wont help price to jump. It was postponed few times already. If they postpone its release on more time, Ethereum price could easily lose $50 or maybe more.

As always, it is very difficult to predict something, but nevertheless, there are certain arguments to explain the expected rise in the price of Ethereum. Someone calls the massive interest in DeFi projects, as well as the ETH 2.0 update, as the reason for future price increases, but I also like objective predictions about the PoS algorithm, which will allow owners to receive passive rewards. This, in turn, can provoke a certain shortage of the coin in the market and, accordingly, an increase in price.