Ripple And Bitcoin, Watch Out: Ethereum Price Passes $1,000 For First Time
Filed Under Bitcoin , Blockchain & Ripple Just when it appeared the latest cryptocurrency surges were set to leave Ethereum behind as upstarts like Ripple overtook it, the coin made history Thursday as it hit a new all-time high, becoming the latest coin to pass $1,000 in value. Before Ripples remarkable rise that began last month and has shown no signs of slowing , Ethereum was the longtime top alternative to bitcoin on the cryptocurrency market. The value of ether reached its highest value of $1,045.08 at around 10 a.m. Eastern time Thursday morning and is at about $981 as of this writing. This raises the total market capitalization of Ethereum to $95 billion, behind only bitcoins $258 billion and Ripples $127 billion. A subsequent jump in value could be enough to push Ethereum over the $100 billion benchmark. Ethereums most recent increase may simply be indicative of the larger interest in bitcoin alternatives, or altcoins, as investors looking to repeat the massive gains seen by bitcoin over the course of 2017 have turned their attention to other potential bets. The revolution will not be televised. It'll be sent to your inbox by us. While Ripple has been the big success story of 2018s first week, others like Stellar have also emerged as intriguing candidates, and this latest jump suggests ether could have room to grow as well. The coins value may also have benefited from Tuesdays announcement from Ethereum creator Vitalik Buterin, who revealed the foundation that oversees the coins operations will invest in initiatives to help scale up the size of the network. The interest in cryptocurrency is so high at present that the mere promise of future growth could be enough to trigger a spike in value. As previously explained, Ethereum is best thought of as a software pla Continue reading >>
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 >>
Coinbase Og Olaf Carlson-wee: Ethereum Will Surpass Bitcoin In 2018
Coinbase OG Olaf Carlson-Wee: Ethereum Will Surpass Bitcoin in 2018 Join the Bitsonline Telegram channel to get the latest Bitcoin, cryptocurrency, and tech news updates: David vs. Goliath: Olaf Carlson-Wee Thinks ETH Has a Chance In being Coinbases first employee taking his salary there entirely in cryptocurrency for three-and-a-half years Carlson-Wees had his finger on the pulse of the crypto ecosystem for longer and more intimately than most of us. Now, in running Polychain Capital the spaces most dominant digital assets hedge fund to date Carlson-Wee is fostering a unique macro perspective in recent months. Why unique? Because Carlson-Wees personal vantage point has made him perhaps the first person to go so far as to project Ethereum overtaking Bitcoins position as the number one cryptocurrency by market cap in 2018. Bold, to be sure. But Carlson-Wee has his reasons, as expressed in a new December 1st interview with Bloomberg: Last time I was on here I said Ethereum would pass bitcoin by the end of 2018. I would actually hold to that right now I would. Its because of the more advanced capabilities of the protocol, so the types of things were seeing built on Ethereum are almost a bit sci-fi. Its beyond anything that you would reasonably think was possible. So, to me, a lot of what Im interested in are the applications that will be natively enabled by this technology. Not an improvement in payment speed or an improvement in store of wealth, where there are many other services that offer those things. But like the internet, the most breakthrough things built on the internet were not possible in an analog world. [With] Facebook, say, there was not an offline version of Facebook. So what Im looking for and what Im excited about are those uses cases that are natively en Continue reading >>
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 >>
Ethereum Hits $1,000. Will It Pass Bitcoin?
Ethereum Hits $1,000. Will it Pass Bitcoin? On January 4, 2018, Ethereum passed the $1,000 mark, according to CoinDesk . The value of the digital currency increased over 10,000% in 2017 and many investors believe that it will be the next Bitcoin. Heres why. One of the primary distinctions between Bitcoin and Ethereum is that Bitcoin is purely a cryptocurrency, while Ethereum is a ledger technology that companies are using for business initiatives. Ethereums blockchain technology is far more advanced than Bitcoins, as it is built upon smart contracts. Smart contracts are a computer program that directly control the transfer of digital currencies and assets between parties when certain conditions are met. Smart contracts can be viewed as the building blocks for decentralized applications , where users and providers can interact directly without a designated middleman. Ethereum is a decentralized platform that runs applications as they are programmed without the risks of downtime , censorship, fraud, or third-party interference. Given that data security and privacy is of paramount concern for enterprises across industries, Ethereums technology will be increasingly essential in transforming the way that businesses run today. Enterprises, startups, academics, technology vendors and Ethereum subject experts have formed an Enterprise Ethereum Alliance which is dedicated to learning about and building upon Ethereums groundbreaking technology in order to solve complex business problems. Many companies across a variety of industries are developing decentralized applications that are built on Ethereum . Ranging from enriching the web, building virtual worlds, and navigating identity theft, the utility of Ethereums technology transcends industries and will only continue to grow wi Continue reading >>
4 Cryptocurrencies That Could Surpass Bitcoin
4 Cryptocurrencies That Could Surpass Bitcoin Could bitcoin's dominance as the world's largest digital currency by market cap soon come to an end? Historically, the stock market has been the greatest creator of long-term wealth, with an average annual gain, inclusive of dividend investment and adjusted for inflation, of 7%. This would imply the opportunity for invested funds to double in value about once every decade. However, cryptocurrency investors have laughed their way to the bank over the past year, with virtual currency valuations going through the roof. When 2017 began, the aggregate value of all cryptocurrencies combined was just $17.7 billion. By Jan. 4, 2018 (369 days later), the combined market cap of all 1,384 investable cryptocurrencies had soared to $774 billion. That's an increase in value of close to 4,300%, and it's a return the broad-based stock indexes would take decades to deliver. Objects in the rearview mirror are getting closer Bitcoin, the world's most valuable cryptocurrency by market cap, and the digital coin accepted by more merchants than any other virtual currency, is often credited with being the impetus for this rally. After all, bitcoin was the first to bring blockchain technology -- the digital, distributed, and decentralized ledger that underlies cryptocurrencies -- into the mainstream, and was the first actively traded digital currency on decentralized exchanges. But, truth be told, the rally in recent months has been about far more than just bitcoin. In fact, bitcoin's dominance in relation to the aggregate cryptocurrency market cap is about as low as it's ever been at 34%, suggesting that the valuations of other virtual coins are growing at a much quicker pace than bitcoin's. In fact, the aggregate value of all cryptocurrencies, ex Continue reading >>
Will Ethereum Be A Better Investment Than Bitcoin In 2018?
By UseTheBitcoin in Cryptocurrency News Home In 2009, Bitcoin was introduced and not many people knew about it. Over time, when people learned about the decentralization from fiat money, they learned they can be more free. No more worrying about your money being frozen from big banks and intermediaries like PayPal. You are your bank now. However, Bitcoin got much bigger than most people thought and it did that very fast. With its increase in price so quickly, it has suffered an increase in transaction fees and also a slowdown in its transaction speed. However, it is still useful. When Ethereum came out, it was looked down upon because the market hadnt matured yet. No one understood much about cryptos beyond the peer to peer transfer. When the difference between Bitcoin and Ethereum was established, that is when we had a surge of the altcoin rush. This caused prices to skyrocket on all altcoins. It seems as if the roles have been reversed and there is more doubt on Bitcoin than anything else. This is why we recommend you hodl Ethereum over Bitcoin. With Bitcoins increase in price, it has been dubbed as gold 2.0 because of its store of value like feature. It is the most expensive cryptocurrency and it actually has the highest market cap. Bitcoin has also been the most resilient. It has the ability to drive the market up or down. If people start taking money out of Bitcoin, expect the whole market to come down. The vice versa also happens. With Bitcoins recently mempool always being full along with the transactions being so expensive, people are looking for other routes. There are upgrades that are expected to fix this but it doesnt seem like it will be here anytime soon. This is called Lightning Networking and it will have an effect on many other cryptocurrencies too. Et Continue reading >>
Ethereum's Co-creator Predicts A "flippening" With Bitcoin In 2018
Ethereum co-creator Steven Nerayoff says increased projects built on the cryptocurrency could trigger a "flippening" in 2018, in which ethereum overtakes bitcoin. "What you're seeing with ethereum is exponential increase in the number of projects there are billions of dollars being poured into the ecosystem right now maybe 10 times more projects this year than last year, which could easily lead to a doubling, probably a tripling in price by the end of the year," Nerayoff said Monday on CNBC's "Fast Money." While bitcoin was designed to function as a peer to peer electronic payment system, ethereum was designed for smart contracts that execute when specific conditions are met. Nerayoff, who helped craft token sales for the ethereum project, said businesses in an increasingly wide variety of industries are starting to take note of what value Ethereum's protocol could offer them. "You're seeing a tremendous amount of growth across a wide variety of industries. Fintech is actually the natural area, but now you're seeing it becoming increasingly more creative you find projects in the oil and gas industry, you're finding government using it in their applications, you're seeing it in gaming, all kinds of different areas," Nerayoff said. Beyond project building, Nerayoff said usage is increasing because ethereum can process transactions more quickly and cheaply than its rival. "People are actually using it for currency, as well," he said. "Lower transactional costs are increasing usage of the entire network, and that's increasing the network effects of it. There are more users, more projects being built on there and more programmers," he said. Despite his confidence, Nerayoff isn't discounting bitcoin and the interest in cryptocurrency it inspired in 2017. "The entire space is Continue reading >>
4 Cryptocurrencies To Buy If You Missed The Boat On Bitcoin
4 Cryptocurrencies to Buy If You Missed the Boat on Bitcoin With bitcoin prices cracking $10,000, investors who were late to the game should seek out alternative cryptocurrencies Not known for providing conventional trading dynamics, bitcoin prices again shocked the world, this time exceeding $8,000. At this juncture, we may be standing on a critical inflection point. For those that believe that cryptocurrencies are in a bubble, the present bitcoin prices are a perfect argument. But to crypto supporters, the dramatic rise only proves the viability of the digital markets. Ive written extensively about cryptocurrencies, and Ive traded them as well. But even I have to admit that the meteoric skyrocketing of bitcoin prices is a shocker. Im not so surprised in terms of nominal targets: a few months back, I wrote about the not-so-crazy case for $10,000bitcoin . My InvestorPlace colleague, Will Ashworth, did the same . Rather, the speed at which bitcoin prices accelerated caught me flatfooted. Obviously, I stand with virtual currency supporters. My personal view is that if cryptocurrencies were a bubble, it would have popped by now. While I get why investors are hesitant to jump onboard what appears to many as internet tokens, we shouldnt underestimate how much information we have available today. If Google was around during the tulip-mania era, I doubt that so many people would have lost their life savings. And in the same logic, we hear so many stories about bitcoin prices being unsustainable. This is a bull market that has had every opportunity to collapse. Still, bitcoin prices today represent a considerable risk. Not too many can afford to plop down more than eight grand for a single coin. But if you feel that you missed the boat, dont worry! The following cryptocurrenci Continue reading >>
Ethereum Is The Future Of Crypto, Bitcoin Is Not.
Quote from: SandraSN on December 13, 2017, 10:00:47 AM As for me it is pssibl but bfr it hppn it tks thusnd dcds. Bcus bitcin pric nw ws cntinus risd up whil thrum vlu ws slwly dcrsing. Tht's why I cn't bliv tht thrum is th futur f crytcurrncis. lol, thousand decades? You're so exaggerated dude. Anyways, as of this moment its impossible to reach the value of bitcoin since as of this time its still Dominating its rising value. It doesn't mean that I underestimated the ETH but for me as long as it is profitable and gives benefits to me well it ok for me. Though, there some possibility to downfall but I think if it might downfall it will back to its stabilized value after several day. Quote from: Pandu Gleen on Today at 03:36:54 AM I agree with you, because at this moment if we see the price of Bitcoin has soared and ethereum began to go up, for investors who want to invest shares owned if in my opinion is better to include balances held on Ethereum wallet and made ETH .. at this time and then Ethereum will be the belle of the world of crypto for sure at a fantastic price and we can get a profit that can be said more than Ethereum itself. ethereum price increase for investors is very drastic and significant because it already shows a high price in the near future. I agree if etherum becomes one of the crypto coins that have a good future. Quote from: sarahtarczon on Today at 03:44:40 AM I believe bitcoin can have the highest on the market for a very longtime that makes not many altcoins can easily catch up with bitcoin in the future, the highest price of ethereum now is 720$ compared to 16000$ of bitcoin is very far distance. but nothing is impossible, i do hope eth can defeat bitcoin in the future. Yeah, statistically bitcoin is far ahead of ethereum regarding the price Continue reading >>
Ethereum Will Pass Bitcoins For #1 Cryptocurrency
Ethereum will pass bitcoins for #1 cryptocurrency Ethereum will pass bitcoins for #1 cryptocurrency Take a look at Bitcoins rapid surge and how Ethereum might surpass this rise. Watch more about it here. Growth at a reasonable price or GARP is an excellent strategy for investors looking for healthy returns. It helps an investor gain exposure to stocks that are undervalued and have impressive prospects. However, one should not confuse GARP investing with the blend strategy. While the blend strategy promotes investment in both value and growth stocks, GARP investing requires both value and growth features in a single stock. GARP Metrics Mix of Growth & Value Metrics The GARP approach prefers stocks that are priced below the market or any reasonable target determined by fundamental analysis. These stocks also have solid prospects in terms of cash flow, revenues, earnings per share (EPS) and so on. Strong earnings growth history and impressive earnings prospects are the main concepts that GARP investors borrow from the growth investing strategy. However, instead of super-normal growth rates, picking stocks with a more stable and reasonable growth rate is a preferred tactic of GARP investors. Hence, growth rates between 10% and 20% are considered ideal under the strategy. Another growth metric that is considered by both growth and GARP investors is return on equity (ROE). GARP investors look for strong and higher ROE compared to the industry average to identify superior stocks. Moreover, stocks with positive cash flow find precedence under the GARP plan. GARP investing gives priority to one of the popular value metrics price-to-earnings (P/E) ratio. Though this investing style picks stocks with higher P/E ratios compared to value investors, it avoids companies with extremel Continue reading >>
Ethereum Will Pass Bitcoin In 2018: My Cryptocurrency Investment Portfolio
product leader, e-commerce expert, writer, blockchain, 95percent.io contributor Ethereum will pass Bitcoin in 2018: my cryptocurrency investment portfolio In the last few days, many have asked about my investment strategy and portfolio mix after writing 95Percent s: Blockchain Technology . After much deliberation, in this post, Ive decided to share my holdings with you. Perhaps more importantly, Ive decided to also share my underlying philosophy. As a reminder, I know nothing. None of this should be construed as investment advice, and you should do your own research before making any investments. I would be financially okay if I lost all of my invested money: you should make sure you could survive a total loss before investing any funds. But enough of that, how should you approach investing in cryptocurrencies? First, I advocate creating your own investment tenets. Tenets are also a crucial aspect of the product management process. I recommend creating tenets before diving into any business, project or problem. Each tenet expresses the conflict arising from two (or more) competing philosophies Each tenet ultimately demonstrates preference for one philosophy over others Most people have their own philosophies and preferences, but they dont write them down. Writing them out is crucial because it crystalizes your thinking. Tenets are helpful when times are good and indispensable when things get tough. You should debate your tenets heavily with family, friends, and yourself. Below I share five of my cryptocurrency investment tenets: Jasons Cryptocurrency Tenets [January 2018] 1) I will prioritize platform investments (think Ethereum) over application investments (think Dash). Strong infrastructure scales and changes the world. Successful applications are hard to predict an Continue reading >>
Will Ethereum Pass Bitcoin This Year? | Ethereum Currently In Close 2nd
Will Ethereum (ETH) Pass Bitcoin (BTC) This Year? 2017 was the breakout year for cryptocurrency. Starting at the beginning of the year, the total market cap for all cryptocurrencies was just over $17 billion and at the end of December, it reached just under $600 billion. Bitcoin (BTC), the original cryptocurrency, from the year 2013 to the beginning of 2017, held almost 90% dominance of the total market. Currently, BTC only holds 34.4% dominance. As cryptocurrency gained mainstream attention, Bitcoin slowly started losing the market capdominance as individuals started buying up the less expensive coins to get their hands in the market. 2018 is shaping up to be the year of the altcoins, as you can see from the chart below. Bitcoins growth has slowed since its Bitcoin futures contracts launched on two Wall Street exchanges , mid-December. I would like to add, however, that BTC is still up over 1100% for the year in growth. Many who got in early investing in Bitcoin, made a serious profit last year. As investors seek the next Bitcoin, Ethereum has held slow dominance. It was passed by Ripple (XRP) briefly two times in a years time, in May of 17 and a week and a half ago. However, currently, it remains the clear second on the market by almost $60 billion. Both development teams on Bitcoin and the Ethereum network are facing the same issue, scalability. Transaction times on the Bitcoin blockchain have slowed exponentially and yesterday transaction times were around 2,000 minutes . The current fees associated with withdrawing Bitcoin and converting it to your fiat currency on Coinbase is currently around 60% ( BTC/CAD). This is to cover the cost of the slow transaction time and the high fee. Bitcoin.org has even changed their websites language, as you can see from the compar Continue reading >>
Ethereum Will Pass Bitcoin In April 2018
It seems a wild statement to make, given the disparity in value between the two cryptocurrency giants (at time of writing, Bitcoins value exceeds Ethereums by a factor of ten), but were not talking about pricing, but market dominance. Since it kickstarted the digital currency phenomenon back in January of 2009, Bitcoin has always been way ahead in terms of its dominance of the market cap. We determine this through the comparative growth of Bitcoin as a percentage of the overall growth of the market. As new coins enter the sector, if their growth from initial investment exceeds the market average, then their dominance increases, and Bitcoins decreases. This doesnt necessarily mean a decrease in value for Bitcoin (although one often goes hand-in-hand with the other) merely that the newer currency is growing at a faster rate than the originator. This is exactly what we are seeing at the moment with Ethereum. As of this writing, Bitcoins dominance is the lowest it has ever been. The Bitcoin crash of earlier this year is still in full swing and it is currently holding at just over 33% of overall market growth. Ethereum, by contrast, has seen large spikes in its overall growth despite the general sector slump, owing to several new partnerships on its blockchain that have boosted its visibility so that it accounts for 22% market dominance. Whilst it remains the media focus, Bitcoin also remains the scapegoat for the cryptocurrency crash, and its perceived value has yet to bottom out, whilst Ethereum is focussing its attention on its Virtual Network, and the advantages it holds for businesses looking to utilise blockchain tech in their own endeavours. Should these factors continue on trend, there is every likelihood that Ethereum , not Bitcoin, will dominate the market in term Continue reading >>
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 >>