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Can Ethereum Be As Big As Bitcoin

Bitcoin's Biggest Competitor Isn't Ethereum -- It's This

Bitcoin's Biggest Competitor Isn't Ethereum -- It's This

Bitcoin's Biggest Competitor Isn't Ethereum -- It's This Could this cryptocurrency one day dethrone the almighty bitcoin? To borrow and modify a catchphrase from sports commentator Dan Patrick: "You can't stop cryptocurrencies, you can only hope to contain them." Since the year began, the aggregate value of all cryptocurrencies combined has surged from $17.7 billion to a fresh all-time high of $305 billion, as of Nov. 27. In less than 11 months' time, the value of all virtual currencies has risen by more than 1,620%! Mind you, the stock market, inclusive of dividend reinvestment, has historically gained about 7% per year. Digital currencies have absolutely left traditional assets in their dust this year. Leading the charge is bitcoin, which appears to be knocking on the door of $10,000 per coin. Bitcoin began the year below $970 a coin, so it's had an incredible run. Its current market cap of $162 billion actually places it ahead of Dow Jones Industrial Average stalwart General Electric. Bitcoin's biggest competitor isn't Ethereum Bitcoin isn't alone. In fact, CoinMarketCap.com lists 1,327 different investable virtual currencies as of Nov. 27 -- many of which have their very own underlying blockchain. Blockchain is the digital and decentralized ledger that records transactions without the need for a financial intermediary like a bank or credit union. With a low barrier to entry -- i.e., anyone with time, knowledge, and funding can create blockchain -- competition among virtual currencies and their blockchains can be fierce. The biggest competitor to bitcoin and its crypto-empire might appear to be Ethereum. Ethereum has the second-largest market cap of any digital currency, and it's had an even better year-to-date performance than bitcoin. Further, its blockchain is be Continue reading >>

Here's Everything You Need To Know About Ethereum, The Next Big Cryptocurrency

Here's Everything You Need To Know About Ethereum, The Next Big Cryptocurrency

Here's Everything You Need to Know About Ethereum, The Next Big Cryptocurrency By now, everyone's heard about the meteoric rise of Bitcoin. The cryptocurrency smashed a record-breaking US$8,200 on November 20, with many predicting its price will continue to increase. But Bitcoin is far from the only cryptocurrency, and some would argue that it's not the one with the most promise. Ethereum is currently the second most valuable cryptocurrency on the market just two years after its launch, and in 2018 it's set to become even more talked about. Ethereum is similar to Bitcoin in the sense that they're both open-source platforms based on blockchain technology. Both cut out the middle man (AKA the banks) in financial transactions, which is why cryptocurrencies have the potential to be so destabilising . But while Bitcoin is limited to using blockchain technology for Bitcoin payments, Ethereum can be used to build decentralised computational platforms. Ethereum's currency, the ether, also runs on sophisticated "smart contracts" which uses an if:then system, which means it can only be traded if certain conditions are met. So it's no surprise then that over the past two years the value of the ether has already risen to more than US$360 at the time of publishing. And there are predictions its value will increase steadily in 2018 . To help you become an early adopter of the cryptocurrency and fully understand how it works, we're offering The Complete Ethereum Blockchain Mastery Bundle on ScienceAlert Academy for just US$21 for a limited time - it's usually US$29 and the total course value is US$610). The bundle includes four courses and more than 21 hours of lectures, covering everything from the basics of blockchain technology to using Ethereum for your own products. Ethereum Blo Continue reading >>

Litecoin Price: Why It Shot Up 30%, Far More Than Bitcoin, Ethereum | Stock News & Stock Market Analysis - Ibd

Litecoin Price: Why It Shot Up 30%, Far More Than Bitcoin, Ethereum | Stock News & Stock Market Analysis - Ibd

Litecoin led the cryptocurrency rally Wednesday, vaulting more than 30% as anticipation builds for the launch of payment processor LitePay and an upcoming fork of its Blockchain. XLitePay will allow businesses to accept Litecoin payments from customers anywhere in the world. It also will let users "load your card with dollars using any Litecoin wallet" and "spend dollars anywhere debit cards are accepted, or withdraw cash from any compatible ATM," according to the LitePay website . The move is seen to spur the mainstream adoption of the digital currency which is fifth largest behind Bitcoin, Ethereum, Ripple and Bitcoin Cash. Litecoin jumped 30% to $208.40 Wednesday. Its larger peers posted gains ranging from 7% to 9%. Bitcoin crossed above the $9,000 mark Wednesday after a tumble below $6,000 in early February, but sits well belowall-time highs of $20,000, according to Coindesk . Litecoin's surge is also being attributed to an upcoming fork of its Blockchain called Litecoin Cash, or LCC. "For every 1 LTC you hold at the fork block, you'll receive 10 LCC," the Litecoin Cash website says. The Litecoin fork is expected to take place Sunday. IBD'S TAKE:Bitcoin lost more than half its value in just a few weeks, leaving many investors with big losses. Get ahead of the curve by watching IBD's special online webinar that will explain how to use cryptocurrency charts to buy right and lock in profits. Among Bitcoin-related stocks and equities,Riot Blockchain ( RIOT ) rose about 3% on the stock market today ,Long Blockchain ( LBCC ) rallied 6.1%,Overstock.com ( OSTK ) gained 4.8%,Marathon Patent Group ( MARA ) climbed 7.7%, andBitcoin Investment Trust ( GBTC ) soared 13.7%. All are recovering from sharp recent sell-offs and remain stuck below their 50-day moving averages . Continue reading >>

Did Big Banks Crush Bitcoin, Ripple, Etherum And Other Cryptocurrencies?

Did Big Banks Crush Bitcoin, Ripple, Etherum And Other Cryptocurrencies?

Did Big Banks Crush Bitcoin, Ripple, Etherum And Other Cryptocurrencies? {{article.article.images.featured.caption}} Opinions expressed by Forbes Contributors are their own. The author is a Forbes contributor. The opinions expressed are those of the writer. This story appears in the {{article.article.magazine.pretty_date}} issue of {{article.article.magazine.pubName}}. {{article.article.magazine.subscription_text}} (Photo credit should read JACK GUEZ/AFP/Getty Images) Bitcoin is crushed, losing 38.10% of its value over a seven-day period. Ethereum and Ripple are crushed, too, losing 43.23% and 48.14% respectively over the same period see table 1. Seven-Day Price Change For Major Cryptocurrencies Source:Coinmarketcap.com 2/5/18 at 2:30 p.m. Other cryptocurrencies have followed suit, too see table 2. Number of Cryptocurrencies That Advanced/Declined In The Top 100 Ranks Source: Coinmarketcap.com 2/5/18 at 2:30 p.m. Who crushed cryptocurrency markets? Hard to say. It seems that cryptocurrency markets were in a bubble ripe to burst. [Ed. note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment. Disclosure: I don't own any Bitcoin.] Still,big banks may have something to do with both helping the bubble blow bigger and making the burst worse than it could have been. There was a time when Wall Street and big banks provided a tailwind for Bitcoin, Ripple, Ethereum, and other cryptocurrencies. That was back in the last quarter of 2017,whenWall Street began to recognize Bitcoin as an investment, and was creating the vehicles and mechanisms for broader market participation in it. Like the introduction of Bitcoin futures by CME. Meanwhile, big banks provided the liq Continue reading >>

Ethereum Is Actually Bigger Than Bitcoin And All Altcoins Combined

Ethereum Is Actually Bigger Than Bitcoin And All Altcoins Combined

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Why Ethereum May Grow Higher In Value Than Bitcoin

Why Ethereum May Grow Higher In Value Than Bitcoin

Why Ethereum May Grow Higher in Value Than Bitcoin From its value of $8 in January, Ethereum has attained a figure of $203 just recently which represents a rise of 2,367%. In May 2017, investors and spectators alike saw Bitcoin price pass the value of $2,300. This figure marks the highest peak of Bitcoins value in its entire lifetime. Due to the success of Bitcoin over the years, many investors have been attracted to it and other cryptocurrencies as well. However, Bitcoin is not the only cryptocurrency that has risen in value. Another leading cryptocurrency known as Ethereum has also ascended in value since January 2017. From its value of about $8 at the years start, it has gone on to attain a figure of more than $350, and despite the recent correction haggles around this level. It has been within the last few years that cryptocurrencies have gained much favor among investors who are looking for alternative means of investing other than the traditional investment mediums. While most investors still have their money invested in traditional financial markets, such as the stock market and the forex market, a lot of these investors have become worried about the economic climate of the world economy. With recent events pointing to its inherent instability, many investors have been looking to other means of investment where they can put their money. With the creation and popularization of cryptocurrency, as well as its sharp rise in value, many investors, especially those from Asia, have joined in on the Bitcoin and cryptocurrency trend. While most people are more familiar with Bitcoin, Ethereum has also gained its fair share of the market. However, the key difference between the two lies in the technology used by Ethereum and Bitcoin. The difference in the system would be t Continue reading >>

Qtum Partners With Baofeng To Become Bigger Than Bitcoin And Ethereum

Qtum Partners With Baofeng To Become Bigger Than Bitcoin And Ethereum

Qtum Partners With Baofeng To Become Bigger Than Bitcoin And Ethereum Singapore 4 January 2018 Qtum , the blockchain application platform, has partnered with Baofeng , the Chinese video portal giant, to help achieve the worlds first Blockchain Consensus Network (BCN) and build the most decentralized blockchain node network. With the help of Baofeng, Qtum will run 50,000 full network nodes and become the blockchain platform with the largest number of nodes. Currently the Bitcoin network has around 10,000 and Ethereum has roughly 20,000 full nodes. The introduction of such a large number of nodes will expand the security, stability and response speed of Qtums blockchain, providing underlying support for more enriching Dapps in the future and expanding the Qtum ecosystem. Were excited to have the support of Baofeng, and Storms massive user base is a treasure for us, said Patrick Dai, CEO and Co-Founder of Qtum. We look forward to their developers ideas and contributions to the Qtum platform, and to dedicating this collaboration to the advancement of blockchain technology. It is expected that, with this fresh blood injected into Qtums community, more users will become aware of blockchain technology and lots of developers will be attracted. As a result, Qtum will become one of the most reliable mainstream public blockchains. Baofeng will also work on Qtums platform to introduce new video distribution, copyright protection and payment system technologies. For Baofeng which was listed in March 2015 by the Shenzhen Stock Market and is now valued at more than 8 billion CNY according to the data from the Shenzhen securities exchange this partnership demonstrates the great potential of dynamic integration between blockchain technology and the traditional video industry. We are ve Continue reading >>

4 Answers - Will Ether Ever Become Bigger Than Bitcoin?

4 Answers - Will Ether Ever Become Bigger Than Bitcoin?

Will Ether ever become bigger than Bitcoin? Of course it depends on how we define bigger, but for the sake of argument lets go for ETH being the dominant cryptocoin. To be honest, at this time its enough for BTC to screw up in order for Ethereum to rise. Bitcoin Price Needs to Drop. In recent months every time Bitcoin got hit with bad news, ETH rose in value. Seems to me that its trusted enough to be seen as a good BTC alternative by a big percentage of traders. So for Ether to be bigger than Bitcoin, BTC will need to fall. A nicely timed large drop should bump ETH value significantly. Real World Adoption. Right now, BTC is the only coin that actually works as currency. To be the dominant crypto, ETH will at least need to match that. Theres a long way ahead before that can happen, but itll really help if BTC screws up badly enough. ETH has built enough trust at the moment to be the #2 crypto, and its a prime candidate to attract any disillusioned traders. This is the one step that will probably take a while. Ether is Not a Coin. Its a transaction token for a blockchain platform that isnt adopted yet. For it to be a proper cryptocurrency, this needs to change. Luckily its just a question of semantics. ETH Cant Screw Up. Yes, it survived multiple hard forks, but that was before a single coin was worth $80. Theres more at stake today than ever before - Ethereum has to build and maintain trust, and for that to happen it needs to stay stable. This scenario is very real. Especially if the BTC hard-fork happens, or something worse . The flippening is a term coined to describe the first time a coin surpasses bitcoin. The main metric is market cap, currently Ethers market cap is at 70% of Bitcoin. Other less important metrics are transactions and trading volume. Ethereum and Bi Continue reading >>

How To Beat Fomo: What Are Bitcoin & Ethereum Worth In2020?

How To Beat Fomo: What Are Bitcoin & Ethereum Worth In2020?

How to beat FOMO: What are Bitcoin & Ethereum worth in2020? 6/13/17 Edit: updated with feedback from a few Redditors Its been a big year for cryptocurrencies, with the total market cap for crypto jumping 6x since January 1st - from $18B to over $111B as of June 13th. The FOMO (fear of missing out) is real. New money is entering the market at a staggering rate - to the degree that many exchanges have had problems on-boarding and verifying their new customers to keep up with demand. These new investors are coming in droves after hearing about sky-high returns from a friend or friends friend or a friend of a friends friend. Once theyve gotten through the verification process on Coinbase or Gemini or Kraken, they execute their first market order and the rush of the cryptocraze washes over them. To the MOON! Then price drops by 10%, our new investor freaks out, convinces themselves that theyre hardly ever right, that ETH or BTC is going to $0 and that they should just cut their losses. They panic sell, adding fuel to the micro-bear run and the price continues to drop. Whew, that was close. Got out just in time. A short time later, they see that the price is not only retracing back toward their entry price, soon theyll realize that it will exceed it. They just bought high and sold low. They leave the market. Recent moments of FOMO in BTC & ETHtrading Weve seen this play out a number of times this year, and as an investor myself, I too get concerned when I see the price of ETH & BTC begin a FOMO trend. Ive seen the value of my portfolio drop by 2050% in hours. However, in order to counteract FOMO and any knee-jerk panic selling reaction I might have, Ive done two things: First, Ive taken my coins off of the exchanges. This prevents me from having my finger on the trigger and Continue reading >>

Litecoin, Ethereum: Bitcoin Price Surge Leads Alternatives To Gain Huge Amounts Of Value

Litecoin, Ethereum: Bitcoin Price Surge Leads Alternatives To Gain Huge Amounts Of Value

Litecoin, Ethereum: Bitcoin price surge leads alternatives to gain huge amounts of value Litecoin, Ethereum: Bitcoin price surge leads alternatives to gain huge amounts of value Exchanges are finding it difficult to suport The famouslysurging price of bitcoin is pulling up the value of other cryptocurrencies with similarly rapid speed. Bitcoin has risen tremendouslyquickly in recent months, leading to unprecedented interest in the digital currency. Other cryptocurrencies are now seeing the same vast rises, in some cases beating bitcoin. Theinterest in and value of both the ethereum and litecoin cryptocurrencies have surged so much that exchanges are having trouble selling them. Digital currency startup Coinbase, for instance, said that it had been forced to temporarily stop people buying or selling either of the currencies, apparently because of the huge amount of traffic among people wanting to buy them. Designed by Pierpaolo Lazzarini from Italian company Jet Capsule. The I.F.O. is fuelled by eight electric engines, which is able to push the flying object to an estimated top speed of about 120mph. A humanoid robot gestures during a demo at a stall in the Indian Machine Tools Expo, IMTEX/Tooltech 2017 held in Bangalore A humanoid robot gestures during a demo at a stall in the Indian Machine Tools Expo, IMTEX/Tooltech 2017 held in Bangalore Engineers test a four-metre-tall humanoid manned robot dubbed Method-2 in a lab of the Hankook Mirae Technology in Gunpo, south of Seoul, South Korea Engineers test a four-metre-tall humanoid manned robot dubbed Method-2 in a lab of the Hankook Mirae Technology in Gunpo, south of Seoul, South Korea The giant human-like robot bears a striking resemblance to the military robots starring in the movie 'Avatar' and is claimed as a world Continue reading >>

Ethereum Could Be Worth More Than Bitcoin Very Soon

Ethereum Could Be Worth More Than Bitcoin Very Soon

Ethereum Could Be Worth More Than Bitcoin Very Soon Ether is the second most valuable cryptocurrency on the planet, and gunning for Bitcoin's crown. Founder, angel investor, adviser, blockchain evangelist @BrianDEvans Editor's note: This column has been updated to disclose the writer's advocacy of blockchain technology--the underpinning of all crytocurrencies--and a Consumer Financial Protection Bureau warning about these investments. Ethereum has been a grand slam for the tech and entrepreneurial community, major corporations, as well as Ether investors . If you aren't familiar, what Bitcoin does for payments, Ethereum does for anything involving programming and computing. While it utilizes its own version of a blockchain , it is functionally different from Bitcoin. (It should be noted here that I am an advocate of blockchain technology.) For example, on the Ethereum platform you could host a crowdfunding campaign or any type of "smart contract." Ethereum's goal is to make a decentralized internet. And it has a very good shot at becoming "the new internet," literally. It could one day replace a lot of technology and ways that we host and execute code online. Editor's note: Bitcoin and digital currencies, as with any investment, may involve the risk of loss. The Consumer Financial Protection Bureau has warned that virtual currencies, including Bitcoin, carry "significant risk" to consumers. As of the time of writing, Ethereum has a market cap of over $17 billion. Bitcoin's market cap is $34 billion. This makes Ether (the name of Ethereum's token) the second most valuable cryptocurrency in the world. And that number jumped up over $3 billion just yesterday. It's making a major climb and has no end in sight, according to many. The Enterprise Ethereum Alliance is what ini Continue reading >>

Ripple Will Be Bigger Than Bitcoin If It Hits $7

Ripple Will Be Bigger Than Bitcoin If It Hits $7

Market capitalization has become an obsession with many cryptocurrency watchers. It refers to the value of the entire digital currency in circulation and is worked out by multiplying the supply of the virtual coin by the price per unit. With bitcoin , the largest cyrptocurrency by market cap, having a quiet start to the year, many investors are looking at alternative cryptocoins. Ethereum and ripple , for example, have seen fairly strong rallies to begin the year . And many are wondering which one could usurp bitcoin as the biggest cryptocurrency. Ethereum and ripple have been jostling for the second spot, and that has changed depending on price. That jostling turned volatile on Monday as the price of ripple tumbled . Bitcoin also fell, while ethereum gained in value. Ripple's current circulation is 38,739,144,847 digital coins. At Monday's earlier price of $2.49, its market cap was $96.46 billion, according to CoinMarketCap.com. Bitcoin's market cap, meanwhile, was $254.2 billion on Monday. For ripple to surpass this, the cryptocurrency would only need to get to $6.57. This would require a rise of 164 percent. It rose nearly 36,000 percent last year. Ethereum has a circulating supply of 96,846,982. Its current price is $1,119, according to CoinMarketCap. Its market cap is $108.3 billion. Ether would need to rise to around $2,700 to surpass bitcoin's value. This would require a 134 percent rally from Monday morning's price, which is smaller than the rise required by ripple. Both these cryptocurrencies benefit from having larger circulating supplies than bitcoin. It means the price of each digital coin can be lower to achieve a higher market cap. Bitcoin's supply is capped at 21 million with the current supply standing at 16,789,425. With bitcoin's dominance standing at Continue reading >>

Expert Reveals Only One Cryptocurrency Will Win Bitcoin, Ripple Or Ethereum?

Expert Reveals Only One Cryptocurrency Will Win Bitcoin, Ripple Or Ethereum?

Expert reveals only ONE cryptocurrency will WIN bitcoin, Ripple or ethereum? BITCOIN is facing serious competition for other cryptocurrencies like Ripple and ethereum but one expert has warned that there can only be one winner. Bitcoin was the original but that does not mean it will be the Airbnb of cryptocurrency, Peter Van Valkenburg, Coin Center's director of research has warned. Speaking to CBS News , he said: As far as differentiating how all these things differ. Well, bitcoin is the original, it was open-source software and a white paper that was released in 2008 and 2009 describing the technology. So its been around for a while, its battle-tested. The central ledger of transactions, so the thing that powers the whole network has never been hacked which is remarkable for a highly speculative new technology to have existed for this many years and not been hacked. Bitcoin is facing competition from new cryptocurrencies like Ripple and ethereum Which one will be the winner, which one will be the Airbnb, or spaceX and not the Pets.com So its conservative, which sounds ridiculous when youre talking about cryptocurrencies, that its the conservative one but it is from a technological stand point, its very simple. But he said that new cryptocurrencies like ethereum have more functionalities which give bitcoin some stiff competition. Mr Van Valkenburg said: Now the newer ones like ethereum, they add more functionalities so maybe you can have more rich and interactive contracts. It becomes programmatic and kind of fun we can write software code for how the funds should flow, according to rules. But he added that like with the dot com bubble of the 1990s, it is difficult to figure out which cryptocurrencies will flop. He said: The question with cryptocurrency is, there are Continue reading >>

Goldman Issues A Warning On Bitcoinand An Even Bigger Warning On Ethereum

Goldman Issues A Warning On Bitcoinand An Even Bigger Warning On Ethereum

Goldman issues a warning on bitcoinand an even bigger warning on Ethereum Goldman quotes historian on tulip bubble: Our descendants doubtless will laugh at the human insanity of our Age The chorus of bitcoin bears is growing louder by the day. The latest to issue a stern warning against the worlds largest digital currency is Goldman Sachss investment management division, which wrote that there is no doubt that the cryptocurrencys astronomical rise over the past year has pushed it into bubble territory. The firm added that bitcoins meteoric rise in a short time has dwarfed the rise seen during the dot-com bubble. They added: We also believe that cryptocurrencies have moved beyond bubble levels in financial markets, and even beyond the levels seen during the Dutch tulipmania between 1634 and early 1637. Bitcoin BTCUSD, -1.95% last traded at $10,900.77, up 1.2% on the day. The digital currency, maintaining one of its most notorious qualities, has been incredibly volatile in 2018, seeing massive swings on a near daily basis. Over the past year, bitcoin has risen by a factor of more than 10, although it has also dropped significantly. After closing 2016 under $1,000, it subsequently soared throughout most of last year, peaking near $20,000 in December before turning sharply lower. The volatility of the market, along with a lack of regulation, was cited by the Securities and Exchange Commission as reasons why it was unlikely to approve an exchange-traded fund related to bitcoin soon. Related: Bitcoin could fall off cliff, drop 90%, one Wall Street strategist warns Other digital currencies have seen similar moves over the past year, both up and down. Ripple, which is currently the third-largest cryptocurrency, went from trading under one penny a year ago to more than $3.30 in Continue reading >>

Bitcoin Shock: Cryptocurrency Could Be Overtaken By Ethereum As World Leader, Experts Say

Bitcoin Shock: Cryptocurrency Could Be Overtaken By Ethereum As World Leader, Experts Say

Billionaire Michael Novogratz says 20 per cent of his fortune is in Ethereum and Bitcoin I think we end the year at close to $500 in ethereum. Theres a lot of positive things happening in the ethereum ecosystem. I think we end the year at close to $500 in ethereum. Theres a lot of positive things happening in the ethereum ecosystem. The vision is that ethereum would enable this same functionality to people anywhere around the world, enabling them to compete to offer services on top of this infrastructure. It is a vision which has left plenty of people impressed. Billionaire ex-hedge fund manager Michael Novogratz, who revealed this year that 20 per cent of his net worth was in bitcoin and ethereum, told Bloomberg: Just in the last few days ethereum has started to move, and I actually think its going to put a new high soon. I think we end the year at close to $500 in ethereum. Theres a lot of positive things happening in the ethereum ecosystem. Ethereums price rise has been fuelled by the boom in so-called initial coin offerings (ICOs), whereby startup companies issue digital coins in exchange for real money for fund their projects - a form of crowdsourcing. Most of these are done using the ethereum blockchain. Charles Hayter, the CEO of Cryptocompare, said recently: "To invest in many of these ICOs one must use bitcoin or ethereum in the majority of cases. $3.2million was invested in January 2017, this has increased to a peak of over $720million in June. "With a total of $3.8billion invested to date, the vast majority of which has been invested in 2017. The ICO craze has had a much more significant impact on the price of ethereum which is the primary way to invest in ICOs." Continue reading >>

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