(AE) Aeternity Price Prediction & Forecast [Updated 17 December 2018]

Thinking of investing in Aeternity (AE) in December 2018? Here is our honest price prediction and forecast.

Overview

• Fundamental Analysis
• Technical Analysis
• Specialists’ Perspective
• Aeternity Price Prediction 2018
• Aeternity Price Prediction 2019
• Aeternity Price Prediction 2020
• Aeternity Price Prediction 5 years
• Our Prediction

The fundamental unit of Aeternity is known as an Aeon (AE), a cryptocurrency with no fixed maximum supply. The Aeon token functions much like ether, being the utility token used to power smart contracts and the Aeternity virtual machine. Besides this, AE is also used for staking and as a digital currency used for peer-to-peer payments. Since the beginning of 2018, Aeternity (AE), like the rest of the crypto industry, has suffered extraordinary losses, seeing its market capitalization fall from as high as $1.16 billion down to just $80 million as of writing — close to a 93 percent loss. At the time same, Aeternity has fallen from a peak position of 29th largest cryptocurrency by market cap down to just 47th position as ERC20-based tokens have taken the most damage during this bear period. Having lost almost 70 percent of its value in the last month alone, Aeternity (AE) is looking likely to close 2018 at its lowest price in over a year. Despite this, Aeternity is expected to blossom in 2019 and beyond as the switch to the mainnet is completed and its long-term roadmap is executed.

Fundamental Analysis

Fundamentally, Aeternity (AE) is very similar to other smart contract capable blockchains, offering a platform for the launch and operation of smart contracts and decentralized applications. During its hugely successful ICO in April 2017, Aeternity managed to raise a colossal 224,750 ETH & 1,456 BTC, at the time worth approximately $12 million. Shortly after this, 82,000 ETH was stolen from the ICO wallet through the parity multisig hack, an amount that has not yet been recovered. Right now, Aeternity is competing in one of the most crowded niches — smart contract platforms. Unfortunately, this also means it is up against some heavy hitters, including EOS, Ethereum (ETH), TRON (TRX) and Cardano (ADA), all of which have achieved much higher success. Since the vast majority of these platforms all make similar claims, e.g. unlimited scalability, global adoption and huge improvements to efficiency, it remains to be seen which will deliver on its promises. As it stands, Aeternity does not stand out as a front-runner in this race. Unlike other platforms, Aeternity (AE) has several key features built into its foundations, including on-chain oracles, state channels, and on-chain governance, each of which are typically implemented as second layer solutions in competing blockchains. Aeternity believes that implementing these features at the core protocol level will make the platform much more accessible to developers, allowing Aepp (Dapp) developers leverage state-channels and its diverse node roles as soon as the platform launches.

Technical Analysis

In line with the rest of the cryptocurrency market, Aeternity (AE) has had what could be considered a bad run for the majority of 2018, losing a substantial fraction of its market capitalization. Since the early May 2018, the Aeternity (AE) market has been in a steep decline, seeing the AE token value fall below 35 cents for the first time since Nov 2017. Prior to this, Aeternity had two major spikes, the first resulting in more than 1,500 percent growth over a one-month period beginning Nov 2017, and a second smaller spike of only 400 percent between April and May 2018, reaching it’s highest ever value of $5.57.Like the vast majority of ERC20 based digital assets, AE has gradually lost ground against both Bitcoin and Ethereum over the past year, losing value significantly faster than BTC and ETH as the market turned sour in 2018. Despite this, Aeternity (AE) has shown the potential for phenomenal gains in the past and may be well-equipped to demonstrate this strength again if market conditions are favorable.

Specialists’ Perspective

As with most cryptocurrencies in 2018, Aeternity (AE) entered the year with high hopes, expecting to continue the 2017 rally well into 2018 and reach previously unseen heights. Early predictions for Aeternity were typically ambitious, often projecting the coin would continue growing exponentially well into the future, potentially seeing it reach over $100 by the end of 2018. However, since the market turned for the worse, these extremely bullish predictions have become few and far between for AE. Now, for the most part, predictions related to Aeternity (AE) are bearish for the short-term, and bullish for the longer-term, expecting that Aeternity will continue to fall for a short period before spiking tremendously at some later date. WalletInvestor, a website focused on long-term price predictions has a particularly bearish view on the future of AE, predicting that the token might lose as much as 100 percent of its value in the near future, predicting that Aeternity will be worth close to zero by September 2019. TradingBeasts, on the other hand, have a polar opposite view on the future of Aeternity (AE) — projecting that the token will reach a minimum price of $1.53 by Jan 2019 and gradually increasing to $2.60 by Q4 2021. CoinSwitch is also bullish on Aeternity, forecasting an impressive increase of more than 2,000 percent — achieving a peak valuation of close to $8 within the next five years. Arguing that improvements in scalability and blockchain security will catapult AE to almost 40 percent higher than its all-time high.

Aeternity Price Prediction 2018

Unlike most cryptocurrencies that reached their peak valuation in December 2017 or January 2018, Aeternity (AE) reached a peak of $5.86 in April 2018 at a time when the rest of the market experienced a comparatively small recovery. However, despite the huge rally witnessed by AE in April, Aeternity was unable to resist the 2018 bear market for very long, quickly losing all of its gains over the following three months to fall under $1 by September 2018.Part of its rapid decline may be attributed to the repeated delays of its mainnet release, the completion of which has been pushed back to late 2019. Often, launch delays are associated with technical inadequacy and can be accompanied by diminished user interest. Since Aeternity (AE) has struggled to maintain value throughout the second half of 2018, it is unlikely that AE, or any other cryptocurrency, will experience significant growth by year-end. Because of this, we expect Aeternity (AE) will end 2018 on a low note, likely trading with a descending channel and ending the year at $0.38 or lower.

Aeternity Price Prediction 2019

Coming off an extremely negative 2018, Aeternity (AE) and the blockchain industry as a whole are expected to make a significant recovery in 2019 as market sentiment blossoms and many projects begin executing important elements of their roadmap. In this time, the price of Aeternity (AE) will likely exceed $2.10 as development efforts and adoption grow amidst a busy year for the project.Unlike many projects, Aeternity is extremely transparent with the state of progress and publish regular updates on the project blog illustrating any recent developments and challenges currently being faced. Aeternity recently announced that migration from the ERC20 standard to its own blockchain — or mainnet — will take place over four separate phases due to end on September 02, 2019. This process began in November 2018 and users are already beginning to get their hands on mainnet AE coins by swapping their ERC20 tokens. Based on its latest roadmap, Aeternity also plans to launch a mass coin distribution event to both Bitcoin (BTC) and Ethereum (ETH) holders — known as an Airdrop sometime in the near future. This will act to expose the project to potentially tens of thousands of new users, and if carefully executed, could raise its profile considerably. Historically, cryptocurrencies that demonstrate the capability of switching to their own mainnet are met with enthusiasm from the community, which often tips the project towards further success.

Aeternity Price Prediction 2020

Looking at the medium-term prospects of Aeternity (AE), it is clear that the project has potential in a wide variety of scenarios, and could potentially see considerable growth in the next near future, potentially exceeding its all-time high of $5.86. Though there is huge potential for growth, Aeternity does face stiff competition from a myriad of similar platforms, including current blockchain behemoths Ethereum (ETH), Cardano (ADA) and EOS. Despite this, it is unlikely that the landscape in 2020 will be monopolized by just a handful of blockchains, leaving Aeternity with plenty of opportunities to gain ground on competing blockchains. Although the exact date is yet to be announced, it is very likely that Aeternity will also be hosting its first Developer Conference in 2020. During this conference, Aeternity will look to direct and support Aepp developments and grow the vision of the project. By 2020, the recently announced Aeternity Starfleet incubator program will likely have yielded some success, further extending the reach and capabilities of the platform while potentially giving rise to the technologies that improve blockchain adoption. Overall, while it is unlikely that Aeternity will grow to dominate the market in just three years, there is significant potential for growth ahead. If the project team and its community continue to march in the correct direction, a new all-time high for AE might be on the horizon in 2020.

Aeternity Price Prediction 5 years

The next five years will without a doubt be critical for most blockchains and should be sufficient time for the major issues relating to regulation, scaling, and usability to be solved. Under the best case scenario, the value of Aeternity (AE) could rise dramatically to reach over $41 as its market capitalization swells to $10 billion. This, however, is under the assumption that Aeternity becomes the dominant distributed computing blockchain at the time. A more realistic estimate places Aeternity (AE) at somewhere over $10 by 2023, growing drastically in the next several years, but not quite catching up to larger blockchains that currently have a significant lead in several areas. Besides delivering on is promises of extreme scaling, Aeternity will need to work hard to ensure that decentralized applications built on the platform deliver the experience users are waiting for. Otherwise, it will risk falling into obscurity as have numerous projects before it.

Our Prediction

Here at BeInCrypto, we are somewhat bullish on the long-term prospects of Aeternity (AE) and forecast that the AE cryptocurrency can reach more than $10 by 2023. Based on current and historical trends, we expect that Aeternity will experience multiple waves of growth in the medium-to-long term, potentially reaching a maximum value of over $41 in the best case scenario. For the long-term, Aeternity is bound to face sturdy competition from much larger blockchains that offer a very similar feature-set. Which blockchain eventually manages to claim market dominance will likely depend on the size of the community it can build, in combination with the quality of its DApp ecosystem. As Aeternity (AE) is one of the newest entries to this race, it stands to benefit from some of the incredible growth often associated with platform-type blockchains. Beyond this, however, we find it unlikely that Aeternity will achieve the same success as its predecessors, and will likely remain in a somewhat middle position on the charts.

Nevertheless, investors should always do their own research and tread lightly before investing in cryptocurrency. All cryptocurrencies, including Bitcoin, are extremely volatile. Never invest more than you can afford to lose, and be prepared to lose everything.  What do you think of our price prediction for Aeternity (AE) in 2019? Will it do enough to differentiate itself from the competition? Let us know your thoughts in the comments below!  Disclaimer: The contents of this article are not intended as financial advice, and should not be taken as such. BeInCrypto and the author are not responsible for any financial gains or losses made after reading this article. Readers are always encouraged to do their own research before investing in cryptocurrency, as the market is particularly volatile.