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Ethereum Potential 2017

Here's How Neo Plans To Top Ethereum And Bitcoin

Here's How Neo Plans To Top Ethereum And Bitcoin

When it was first conceived in 2009, Bitcoin s creators probably did not have an inkling of how this nascent technology would potentially change the world. Back then, it was meant as a fully decentralized cryptocurrency that would not be under the authority of any government or regulatory body. Blockchain technology has since undergone leaps and bounds, and you may already be familiar with the multitude of blockchains that address different sectors and industries from finance to legal, to real estate, and beyond. Blockchains have also evolved from simply offering financial transactions to also supporting smart contracts, which is the main feature of technologies like Ethereum . In short, Ethereum is a blockchain technology that offers additional benefits over simply being a cryptocurrency like Bitcoin. It gives developers the ability to build smart contracts that are publicly auditable and self-executing once certain conditions are met. Heres a real world scenario, where a bank can use smart contracts in tradingderivatives: You might be interested to know that public blockchains now have a total market capitalization of over $135 billion, and this excludes the multitude of private blockchain deployments! Since last year, we have also seen the emergence of new asset classes that are blockchain-powered, exchange-traded fund tokens, and precious-metal backed tokens and derivatives, among others. In short, theres no limit to what blockchain technologies can support. If youre still wondering about the potential of blockchains in dollar terms, the World Economic Forum predicts that 10 percent of the worlds GDP will be stored with blockchain tech in 10 years time representing a $7.8 trillion value in todays prices. Thats pretty exciting stuff, I have to say. Step into the fut Continue reading >>

What Are Some Predictions For The Ethereum Price By 2018?

What Are Some Predictions For The Ethereum Price By 2018?

What are some predictions for the Ethereum price by 2018? I think there is a good chance Ethereum will be $500 by the beginning of 2018. Even though the price of Ethereum has already appreciated significantly in 2017, there is still significant upside from current levels. Rather than focusing on the price for now, lets look at the following charts: There were 38,730 transactions Ethereum blockchain on 1/1/2017 and there were 140,135 transactions on 5/17/2017. That is 262% growth in less than 6 months! While its foolish to extrapolate trends ad infinitum, its not hard to imagine that there could be another 200%-250% growth in transactions by the end of the year. Cryptocurrencies, like social networks, have extremely strong network effects. As the adoption of Ethereum continues to grow, its utility and value will grow exponentially. There is compelling evidence of this if we look at Bitcoin. On 5/16/2012 there were 14,892 transactions on the Bitcoin blockchain and 317,527 on 5/16/2017. That is a growth rate in transactions of 2,132% over the course of 5 years. Impressive right? Complete Bitcoin's Price Chart with Related Historical Events The price of bitcoin was $4.99 on 5/15/2012 and $1726.46 on 5/16/2017. During the same 5 year period, the price of bitcoin increased by 34,598%, outpacing transaction growth by a factor of 16.2. If you ignore the Mt.Gox manipulated price spike in 2013, you can repeat this exercise over any time frame and the result will be the same price increases exponentially relative to transaction growth. In fact, the price increases at slightly less than the rate in transaction growth squared. If we take the estimate of 2-2.5x growth in transactions by the end of the year and square it, we get 45.25x price appreciation. Applying that to the current Continue reading >>

How Did Ethereums Price Perform In 2017?

How Did Ethereums Price Perform In 2017?

How Did Ethereums Price Perform In 2017? By Joe Liebkind | Updated January 2, 2018 2:15 PM EST How Coinfloor's Bitcoin Futures Differ from CME, CBOE As the curtain closedon 2017, millions of investors looked back on what was likely the best year ever for cryptocurrencies no matter which they put their money in. Though the markets attention was firmly focused on bitcoin's impressive five-figure price tag, other cryptocurrencies achieved even greater gains. This is apparent when looking at how the industrys total market cap between cryptocurrencies has fragmented. Where bitcoin once represented over 85% of the total crypto capitalization in January 2017, it now stands at just 43% of the pie a year later. This is due to competition from other coins like Ethereum, but also the coins that were created with Ethereum itself. These new entrants captured the imagination of investors (and their money) in2017, managing in many ways to steal bitcoins thunder. Those crypto investors who resisted cognitive dissonance and held onto their coins for the entirety of 2017sawsome serious returns whenever they determine it was appropriate to realize their gains.Holding a single bitcoin from January through December 2017 correspondedto unrealized gains of around $13,500 at the time of this writing, while the same feat for one Ethereum rewarded around $750. Given this information alone, most would consider bitcoin the better investment, but not when theyre supplied with the starting price of each coin. Ethereums January 2017 price of around $7 means that it gained an astounding 10,000% in 2017. The star of the show, bitcoin, began the year at about $800 and managed to add about 1,500% to its price. "Ethereum has huge potential, 2017 was the year of ERC-20 tokens, but Ethereum has a lot more Continue reading >>

Top 5 Crypto Currencies To Invest In 2017

Top 5 Crypto Currencies To Invest In 2017

Alexandre Fortin Cryptocurrency , Uncategorized The world of crypto currency is moving really fast. Over the past 5 years Bitcoin outperform any other investment like gold, stock market or real estate. Over the past years hundreds of new crypto currencies came on the market. Most of them are justcopy cat or only havea few features that make them different. Only a handful of those crypto currencies are real outliers. Those unique ones disrupt theirindustry just like bitcoin did with the financial sector. The following top 5 crypto currencies are outliers and are the one I am sure will go up in value by 10x-100x over the next 2years. (Roger ver, here is my prediction) Ethereum is a true outlier. Its a platform that allows to create smart contract that runs on a decentralize network. The team behind Ethereum is very smart. I always look up the people that are behind a project before investing and Ethereum has 100% of my confidence. Those guys rock. Other then theteam, the degree of adoption that Ethereum gets at the moment is phenomenal. Because ethereum is a platform where developer can deploy Dapps, a lot of inovation isbeingmade at the moment and each one of those innovation boost the adoption rate of Ethereum and create a network effect. If one currency can make it big, it is Ethereum. It already grew 1000% over the past fewmonths and I can see the currency go another 1000% easily if not more over the next few months and years. Ethereum is the only crypto-currency that I believe has the capacity to overtake Bitcoin Market cap in the near future. Prediction:Ethereum is the crypto currency that has the most potential. I think it could be possible to see it overtake Bitcoin in Market Cap. 500$/ether issomething plausible in the near future. Factom is another fantasticcry Continue reading >>

Youve Heard Of Bitcoin, But What About Ethereum?

Youve Heard Of Bitcoin, But What About Ethereum?

Youve heard of Bitcoin, but what about Ethereum? While Ethereum has its own currency, its potential as a network is piquing investor interest Youve just got to grips with Bitcoin maybe youve even used it. Well, it has a new challenger on the scene thats got the support of some major businesses. Ethereum is gaining popularity and its value is rising. According to Bitcoin Magazine , in June Ethereum's currency reached its highest value so far of more than $420. While this is approximately a tenth of Bitcoins current value, according to Cryptocompare , some of Ethereums unique features have got investors excited. Launched in 2015, Ethereum is actually the name of the technology which the currency Ether runs on. Similar to Bitcoin, it allows payments to be made anonymously via the internet and displays these transactions in a decentralized ledger the blockchain. It does this without involving any third party or banks, which allows users to avoid fees, especially when paying large amounts. Like Bitcoin it is known for its security and protection against fraud and theft created by the ledger, which anyone using the network can view. Firstly, where Bitcoin is a cryptocurrency, Ethereum is, in fact, a platform, and thats where its potential lies. Ethereum creates blocks, records of transactions, more quickly than Bitcoin and its supporters believe this efficiency makes it easier to use. Ethereum allows apps to run on its network. Its creator Vitalik Buterin explains how this works : The idea is that there exists this magic computer in the cloud and anyone can send programmes to it, anyone can run programmes on it and those programs can talk to each other. It will run these programs and eliminate the possibilities of downtime (even if an entity involved ceases to operate), mali Continue reading >>

3,000% Gains In 2017: What's Next For Ether Prices? - Coindesk

3,000% Gains In 2017: What's Next For Ether Prices? - Coindesk

3,000% Gains in 2017: What's Next for Ether Prices? Ether prices are on the move, and they're headednorth. The cryptocurrency, which powers the world's second-largest blockchain, ethereum , has seen its price rise more than 3,000% year-to-date and roughly 180% in the last month, according to data from CoinMarketCap . Yet, amid this rise, and increase in investor attention, many are wondering how thedigital asset's price will perform going forward. That answer, though, may not be exactly clear. When polled, crypto market analysts provided mixed opinions. Some asserted that ether could experience significant upside in the future, even going so far as to suggest its market capitalization (market cap) could surpass that of bitcoin, long the market's progenitor and leader. Others, however, warned that ether's price may have become inflated as the broader cryptocurrency space has drawn robust inflows. One crucial factor affecting ether's price is the rise of initial coin offerings (ICOs) sales of blockchain-linked data that allow investors to exchange ether for newly created digital tokens. Some of these offerings have generated significant visibility by selling millions of dollars-worth of tokens in minutes. As a result, ether's value is "hugely related" to these offerings, according to Brad Chun, chief investment officer of hedge fund Shuttle Fund Advisor. Chuntold CoinDesk he believes some companies are simply holding the ether tokens raised through these sales, since retaining thedigital assets is more profitable than spending them on projects. By holding ether tokens instead of spending them, these firms could be placing upward pressure on the cryptocurrency's price, he speculated. Marius Rupsys, cryptocurrency trader and co-founder of fintech startup InvoicePool, offer Continue reading >>

Ethereum Has Massive Potential: Blockchain Expert William Mougayar

Ethereum Has Massive Potential: Blockchain Expert William Mougayar

Ethereum investors shouldn't worry too much about the digital currency's flash crash from $319 to just 10 cents in a matter of seconds , blockchain investor William Mougayar said Friday. "I wouldn't call it a crash," Mougayar said on CNBC's " Squawk Box " a day after the plunge. "It was more a flash or a blip or maybe a technical error on the exchange that was powering a lot of the transactions." Like bitcoin, ethereum is a cryptocurrency built on blockchain technology. It trades in digital tokens called ether. "One could think of ethereum as a newer generation of blockchain," said Mougayar, author of the book "The Business Blockchain." "One of the differences is ethereum has been optimized for the software engineer, whereas bitcoin was more oriented towards being a cryptocurrency. Ethereum has been really adopted as a software development company, so it's really loved by the developers and programmers out there." Since ethereum is a new kind of currency, Mougayar understands why the value is so unstable. However, he thinks things will even out and people should invest in bitcoin and ethereum, especially because the gap in value has narrowed between the two. Because blockchain technology is a relatively new field, there's room for many different currencies, he said, but added that bitcoin and ethereum won't become obsolete. "Ultimately it's about building a whole ecosystem," he said. Ethereum has about 35,000 developers worldwide in addition to more than 500 start-ups developing on its platform, Mougayar pointed out. Large companies like Microsoft and BP are using ethereum in different projects . And ethereum has become a source of "cryptocapital" since it is a cryptocurrency. "This is capital basically almost replacing venture capital," Mougayar said. Continue reading >>

Bitcoin Ethereum: 7 Cryptocurrency Predictions From Experts | Fortune

Bitcoin Ethereum: 7 Cryptocurrency Predictions From Experts | Fortune

Get Data Sheet , Fortunes technology newsletter. 1. Bitcoin and Ethereum are here to stay. Most people who are enthusiastic about cryptocurrency appear to agree that Bitcoin and its newer rival Ethereum have staying power, though they may be more bullish on one versus the other. In terms of 5 to 10 years, Bitcoin and Ether will be around I bet, Balaji Srinivasan told the room of more than 70 people. Peter Smith said his company, Blockchain, which was early to Bitcoin, has only just started to warm up to newcomer Ethereum. In contrast, Mike Cagney, CEO and cofounder of SoFi, a personal finance company, said during a separate session on the main stage that he was hotter on the latter technology . Bitcoin has some purpose but its application for commercial transaction is limited right now, Cagney said. The blockchain and Ethereum, on the other hand, have absolutely fascinating infrastructure applications, he continued, mentioning the possibility to overhaul title insurance, which involves policies related to real estate, as one example. 2. As yet unknown coins will hit the big time. Bitcoin and Ethereum may have stolen the show at this point, but the innovation wont end there. Expect more winners on the horizon. Kathleen Breitman is hopeful that Tezos, her own blockchain bet, will fill a niche that solves problems with extant blockchains. In particular, she and her projects developers are designing Tezos to automatically push software updates out to the network, thus, in theory, avoiding the divisive feuding over upgrades that has wracked systems like Bitcoin over the past few years. No one can say how many tokens and coins and blockchain protocols will eventually win out, but the experts seem to think theres room for a multitude. Its likely that another one or two domina Continue reading >>

Ethereum Price Analysis: The Future Looks Bright For Eth

Ethereum Price Analysis: The Future Looks Bright For Eth

Ethereum Price Analysis: The Future Looks Bright for ETH William M. Peaster on December 2, 2017 / 0 Comments Just how high can Ethereum go ? Thats the question were all asking ourselves as the number two cryptocurrency by market capitalization is vaulting to unprecedented all-time price highs in Q4 2017. And as it stands right now, it really looks as if Ethereum and its associate fuel Etherhave unlimited adoption potential in the decades ahead. Thats because if Bitcoins appeal is as digital gold, then Ethereums appeal should be as the crypto revolutions Microsoft 2.0. Thats because you can build a seemingly limitless number of utilities atop of Ethereum. To this end, civilization itself may be running atop Ethereum in a handful of years if the project can live up to is promise. With these theme in mind, lets dig a little deeper. To Ethereum enthusiasts, the so-called flippening is the day in which ETH overtakes Bitcoin as the crypto with the highest market cap. Essentially, then, the day in which ether becomes the #1 crypto. Could it happen? Without a crystal ball, no one knows for sure right now. But what is clear is that however much of a darkhorse any cryptocurrency is at the moment ETH is one of the best positioned cryptos to one day overtake BTC. To be clear, were not saying that will happen. But we are saying its possible. One crucial factor to consider is the politics of the cryptocurrency space. Bitcoin bills itself as a currency. This automatically puts it in a position to be in competition with governments who mint their own currencies. And as BTC continues to make traditional currencies more pointless, some governments may want to lash out and crackdown on accordingly. Whether these governments could succeed in hampering Bitcoin effectively is certainly up f Continue reading >>

3 Cryptocurrencies That Outperformed Ethereum In 2017

3 Cryptocurrencies That Outperformed Ethereum In 2017

3 Cryptocurrencies That Outperformed Ethereum in 2017 One lesser-known virtual coin is up nearly 170,000% this year. It may be the holiday season, but cryptocurrencies have been playing the role of St. Nick for virtual currency investors since the beginning of the year. When the calendar turned to 2017, the aggregate value of all cryptocurrencies combined was a mere $17.7 billion -- and bitcoin made up well over 80% of this value at one point. However, as of Dec. 14, the total cryptocurrency market cap had soared to $515 billion. For you math-phobic people, that's a return of more than 2,800%. For investors who've held throughout the entirety of this volatile year, they've possibly seen a lifetime's worth of gains. It's time we gave props to Ethereum and its 8,500% return A lot of credit is often bestowed on bitcoin for fueling this digital currency rally, and with good reason. Bitcoin was the first tradable cryptocurrency, and it's the most widely accepted by merchants. Even now, with an aggregate market cap of $515 billion for all virtual currencies, bitcoin comprises 56% of that total. But this rally is about more than just bitcoin. It's about the emergence of other coins and underlying blockchains that have the potential to effect positive change. Perhaps no cryptocurrency has stolen the spotlight from bitcoin in 2017 more than Ethereum. The Ether token has rallied by 8,500% this year, pushing Ethereum's market cap to $66 billion. Why the newfound love for Ethereum among investors? It mostly has to do with Ethereum's blockchain. Blockchain is the infrastructure that digital currencies are built upon, and they're responsible for logging transaction data in a digital, distributed, and decentralized ledger. There are a host of advantages to blockchain technology, incl Continue reading >>

Bitcoin's Top Rival Ethereum Is Up 90% In 2017 And Readying Its Next Big Move

Bitcoin's Top Rival Ethereum Is Up 90% In 2017 And Readying Its Next Big Move

Bitcoin's top rival Ethereum is up 90% in 2017 and readying its next big move Marco Strengs computer servers are what make Ethereum tick. Thousands strong, they whir day and night, solving the complex math riddles that are essential to verifying transactions on the hottest new platform in the world of cryptocurrencies and blockchains. Without these machines, or those deployed by Strengs biggest rivals, there would be no Ethereum. But mining, as the practice is called, is costly and inefficient and, frankly, a bit weird. And Ethereums developers have always envisioned a time in which the cumbersome process of brute-force computing would be replaced by a system that relies simply on collateral. That time, some four years after the network was first proposed, is now. The developers want to put this proof-of-stake model, called Casper, into place by year-end. The stakes are high. If Ethereum is going to take advantage of the potential that companies like JPMorgan , Microsoft and IBM see in its underlying transaction technology , the blockchain, as the potential backbone that could reshape modern business and finance, it needs to gain wide adoption to become something of a de facto standard. Without mining, Ethereum will be more usable, more secure and more scalable too, said Vlad Zamfir, whos been working on Casper since 2014. The main draw of the blockchain is that its a cryptographically secured list of transactions that can be shared, which backers say could dramatically improve how financial services, supply-chain and health-care industries are run. (Think immediate settlement of bank transfers and securities trades, as well as near-real-time tracking of food products or research samples.) Ethereum also allows for the use of smart contracts, or pieces of computer code Continue reading >>

Ethereum May Very Well Leave Bitcoin Eating Its Dust Over The Long Run

Ethereum May Very Well Leave Bitcoin Eating Its Dust Over The Long Run

Ethereum May Very Well Leave Bitcoin Eating Its Dust Over the Long Run Ethereum appears to have the preferred blockchain relative to bitcoin, but there's no guarantee either cryptocurrency has staying power. Since the year began, there's been no hotter investment than cryptocurrencies. Bitcoin and Ethereum, which are the one-two punch in terms of largest market cap among digital currencies, have returned about 300% and 3,200%, respectively, just since the year began. By comparison, it's taken the S&P 500 decades to return what Ethereum has for its investors in just under nine months. Cryptocurrencies are skyrocketing for three reasons Emotions have obviously played a critical role in pushing digital currency prices higher. Since financial institutions have either avoided cryptocurrencies like bitcoin and Ethereum, or are barred by management from trading them, it's left the price movement to the hands of retail investors. John and Jane Q. Investor are substantially more prone to having emotions sway their investment decisions than large investment institutions. Lately, the "don't miss the boat" mentality could very well be driving prices higher. On a more fundamental basis, there's a lot of excitement surrounding the blockchain that underlies many of the top cryptocurrencies, including bitcoin and Ethereum. Blockchain is a digital decentralized network that records all transactions without the need for a financial intermediary, like a bank. Because these blockchains are often, to some degree, open-source networks, it makes altering data very difficult. Thus, blockchain could become the preferred peer-to-peer and business-to-business channel for transactions in the future for a variety of industries and sectors. Even the U.S. dollar has given a boost to cryptocurrencies Continue reading >>

Top 3 Ethereum Project Price Predictions For 2018

Top 3 Ethereum Project Price Predictions For 2018

You might also like Litecoin Price Predictions 2018 I wrote this headline in June 2017, not sure if I should keep it when I will update the article next time. The price of an Ether should outperform that of a Bitcoin for the coming duration. What this means is that a dollar invested in Ether will return a higher ROI than investing the same dollar in Bitcoin. This indeed can be hard to believe in December 2017 when looking at Bitcoin price, but we all know that less than 4 weeks ago it was under $6,000. Most likely Bitcoin its being used by short term investors these days. In fact, the CEO of hedge fund Polychain Capital, Olaf Carlson-Wee, is of the opinion that the entire market capitalization of Ethereum will exceed that of Bitcoin by the end of this year. At least, thats his Ethereum price predictions for 2018. You can read here my BITCOIN PRICE Predictions for 2018 . There is plenty of evidence to support Olafs view. On the one hand, the previously mentioned 20-fold explosion of Ether in 4 months versus the 8.5 times growth of Bitcoin in a year and a half. Besides that, the fact that Bitcoin has lost almost half of its market share to Ethereum during the past four months. To put matters into perspective, four months ago, 90% of all money invested in cryptocurrency was invested into Bitcoin. Curiously, this number has dropped to somewhere around 45%. Conversely, Ethereums share of the total money invested has increased four times in size, making it approach the 30% area. Another indicator showing that Ether can overtake Bitcoin can be found by looking at whos backing each type of currency, as well as why they are backing said currency. Bitcoins focus on payment technology makes it popular with governments, such as Japans and Chinas governments. On the other hand, Eth Continue reading >>

2017 Was Bitcoin's Year. 2018 Will Be Ethereum's

2017 Was Bitcoin's Year. 2018 Will Be Ethereum's

2017 Was Bitcoin's Year. 2018 Will Be Ethereum's Dec 27, 2017 at 12:45 UTC|UpdatedDec 27, 2017 at 20:58 UTC Jez San is CEO of FunFair Technologies, an ethereum-powered casinoplatform. A vocal supporter and critic of blockchain technologies, San wasalso a pioneer in real-time, 3D games. The following article is an exclusive contribution to CoinDesk's 2017 in Review series. As a long time investor in bitcoin and cryptocurrencies, 2017 has been remarkable. But it's important to remember, this is really just the beginning. Despite the valuations, major protocols remain deficient in delivering value to users. Bitcoin with it'shigh fees and slow transaction times is hardly suitable for payments - spending the same fee whether you buy a coffee or send $100,000 is a joke and thepromise of scaling solutions such as the Lightning Network hasn't been fulfilled. Suffice to say, its new positioning as a store of value is precarious, even if,judging by the huge uptick in bitcoin price, the store of value narrative is winning for now. While there's no shortage of old and new believers to keep the party going, along with plenty of developers working to create better, forked versions of bitcoin, I'm betting my chips on a more flexible alternative. The door is wide open for blockchains that use smart contracts , like ethereum, and I believe their potential market dwarfs that of "store of value" chains. Platforms like ethereum are an operating system for decentralized finance and commerce. Think of bitcoin as DOS and ethereum as Windows or Mac OS. There is nothing wrong with DOS. It came first and was an essential part of the computer's success. Us geeks grew up on DOS, but computers only went mainstream when Windows and Mac OS appeared.DOS is difficult to learn, tricky to program and fe Continue reading >>

Ethereum Forecast To Surpass Bitcoin By 2018

Ethereum Forecast To Surpass Bitcoin By 2018

Ethereum Forecast To Surpass Bitcoin By 2018 Back on February 27, when bitcoin was trading in the mid-teens, we wrote "Step aside bitcoin, there is a new blockchain kid in town." In recent days, the world's second most popular digital currency, Ethereum, has been surging (despite its embarrassing hack last June when some $59 million worth of "ethers" were stolen forcing the blockchain to implement a hard fork to undo the damage), prompting many to wonder if some big announcement was imminent. It appears that yet again someone "leaked" because on Monday, an alliance of some of the world's most advanced financial and tech companies including JPMorgan Chase, Microsoft, Intel and more than two dozen other companies teamed up to develop standards and technology to make it easier for enterprises to use blockchain code Ethereum - not bitcoin - in the latest push by large firms to move toward the holy grail of a post-central bank world in which every transaction is duly tracked: a distributed ledger systems. Commenting on the sharp - for the time - rise in ETH price (which had moved from $13 to $15 ), we said "the move may be just the beginning if most corporations adopt Ethereum as the distributed ledger standard: Accenture released a report last month arguing that blockchain technology could save the 10 largest banks $8 billion to $12 billion a year in infrastructure costs or 30 percent of their total costs in that area." Since then most corporations have indeed adopted Ethereum as the distributed ledger standard. Three months later, and with Ethereum 15x higher at $230, Bloomberg today writes : "Step aside, bitcoin. Theres another digital token in town thats winning over the hearts and wallets of cryptocurrency enthusiasts across the globe." It's not just the lede that is f Continue reading >>

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