Bitcoin Price Prediction August 2017
Bitcoin has been the hot topic of the year. Beginning January 1st, 2017, Bitcoin was just a bit above $960 per BTC, according to coinmarketcap.com (when you narrow the graph), and it has since soared to over $4,300 just by August 15th, 2017! Thats roughly a 4.5x increase in only 7 1/2 months! Early Bitcoin investors must be going crazy about now, if they werent already several months ago. And thats not all, Bitcoins history at the beginning, started as being practically worthless. Then there was the historic moment on May 22nd, 2010, when 2 pizzas worth about $25 dollars were purchased with 10,000 BTCs! Those same digital tokens would be worth over $43,000,000 US dollars today, only about 7 years later! Its had many drops and rises, but the short history of this young, pioneering, cryptocurrency, has been up (ok, with a long slouch in the middle). More details about its bumpy ride can be read at 99bitcoins.com . Lets take a look at what experts and layman alike are predicting for this digital currency, dubbed digital gold in a metaphorical sense of course (were the real digital gold) Even with rising prices, its been a wild ride, with millions of dollars being made and lost as the price goes up and down. At least as close as last month, July, there was still (and probably still is) concern that Bitcoin may be in a Bubble. According to an article by Fortune.com , on the 11th of July, 2017, BlackRocks top economists think that Bitcoin and Ethereum look like a bubble. BlackRock is a $5 trillion dollar asset manager, so theyre no foreigners to charts and statistics. And we all know what happened with the Housing Bubble. According to the article: Richard Turnill, BlackRocks global chief investment strategist, waded into what he called dangerous territory. I look at blockcha Continue reading >>
Ethereum Daily Forecast Aug 31 Ether Upward Surge Continues Prediction
ETH/USD moved over the $380 mark while showing better results than Bitcoin. Ethereum value development still in the Bullish Flow indicating for more increase. Ethereum continued price-climbing so testing out the $388-$390 major resistance mark. On the hourly chart of Ether against the US Dollar the bullish trend formed since Yesterday is still in function (at support $375). There could be a little correction and range bound over the $370 mark before testing the major resistances again. Ethereum Price against the US Dollar Targeting Major Surges Not even in two days, with buying pressure Ethereum turned its back to flowing lower and traded above the $380 mark from $347. The highest it managed this time was $389.24 while it tested the major $390 resistance but struggled to overcome the barrier. There could be many tries until it breaks the resistance. It is right now trading lower than the 23.6 Fib retracement mark since the last flow ($365.51 to $387.27). Over the $370 level a major support is being formed while yesterday was described with the support being made over the $375 level on the hourly chart of ETH/USD. With the chart floating close to the 38.2% Fib retracement mark since the last flow ($365.51 to $387.27), there are many indicators showing a descending channel up to $370. So in general, before making any climbing move, the price will be correcting and hovering over the $370 level for quite a bit. First, a break over the $385 is needed to be on the go-zone for the next target Higher than the last highest mark $389.24. Hourly MACD The MACD is still moving nicely in the bullish zone. Hourly RSI The RSI is moving lower towards the 50 level. Continue reading >>
Ethereum Price Predictions By Ethereum Price Today
by Editor | Dec 5, 2017 | Price Predictions Ethereum price had a great month and reached new highs on November the 22nd of 2017. The question top of mind now is whats next for Ethereum price? A parabolic price action A la Bitcoin? A sharp correction? Will it hold its gains? These are the... by Taki Tsaklanos | Nov 25, 2017 | Price Predictions Our research team has derived new Ethereum price predictions after studying Ethereums price trend. They are presented in this article, and are the result of the new trend channel we spot on Ethereums chart included in this article. Before looking into... by Editor | Nov 20, 2017 | Price Predictions Ethereum price has increased by 15.60% in the last 7 days after a long consolidation period. The second half of 2017 has been rather stable for Ethereum even after a hard fork and Devcon 3. Is this 15% increase the beginning of a new leg upwards for Ether? Is Ethereum... by Editor | Nov 3, 2017 | Price Predictions November 2018 started with a major announcement in the Cryptocurrency market: CME Group,an American financial market company operating the worlds largest options and futures exchange will be offering Bitcoin futures. CME Group launching Bitcoin futures will be... by Editor | Oct 30, 2017 | Price Predictions Ethereum price was mainly moving sideways in October 2017 with the exception of a spike in price prior to the Byzantium fork and the Ethereum price retrace that followed. The price was mostly bouncing between the 280 and 312 USD level. For Cryptocurrencies in general... by Editor | Oct 17, 2017 | Price Predictions Ethereum Byzantium Fork was triggered around 1 am Eastern Standard time on Monday October the 16th. It has been now more than 24 hours after the successful upgrade. So far, Ethereum price is holding around the 325 Continue reading >>
Ethereum Price Prediction In 2020\2025: How Much Will Eth Be Worth?
Ethereum Price Prediction in 2020\2025: How Much Will ETH be Worth? What will Ethereum price be in the future? Find out why Ethereum is among leading cryptocurrencies , which factors determine the coin value, and read Ethereum price predictions for 2018 and the upcoming years. Cryptocurrency has turned into the modern buzzword, and Bitcoin is not the only virtual asset worth investing into. Since Ethereum has come into the scene, the situation changes: today, its the second most valuable coin after Bitcoin, and its popularity is expected to rise. Lets figure out what Ethereum value prediction for the future is, and how you can use it. The cryptocurrency invented by Vitalik Buterin has turned out to be something different from Bitcoin: Ethereum is based on smart contracts and is Turing-complete, which accelerates hash time and reduces processing time for transactions. The smart contracts enabling Ethereum system are now being widely implemented in the vast majority of Blockchain-based applications and environments. Today, Ethereum is the second market holder it retains the position since 2017, and its not likely that things will change. Ethereum If Ethereum predictions 2017 were totally justified, does it mean this cryptocurrency is worth investing ? A large number of professional traders and investors share the opinion that it can hit the numbers during the upcoming years. We have already witnessed it soar to $1,377 in January 2018, and the experts of Eth price prediction say that as soon as it passes $1,000 threshold, it will be easier to climb up. The rumor goes that Ether price prediction by the end of 2018 is $10,000! Is that possible? Here are a few points to be considered: Just like any other cryptocurrency, Ethereum is prone to market fluctuations. Although it w Continue reading >>
Standpoint's Ronnie Moas Raises Bitcoin Price Target To $7,500
Standpoint's Ronnie Moas raises bitcoin forecast to $7,500 Longtime stock researcher Ronnie Moas raised his price target on bitcoin by $2,500 on Monday after the digital currency hit all-time highs over the weekend. "What's happening is the floodgates are opening," Moas, founder of Standpoint Research, said in a phone interview with CNBC on Monday. "I believe there are hedge funds and very deep-pocketed individuals going into this now, really hundreds of millions of dollars." Moas first laid out his views on bitcoin's potential in early July and issued a formal report at the end of last month with a price target of $5,000 for next year. He told clients Monday he now expects bitcoin to climb nearly 80 percent from the weekend's records to $7,500, and maintained the digital currency could surge to $50,000 in 2027 representing a 28 percent annual compounded growth rate. After bitcoin's uneventful split into bitcoin and bitcoin cash on Aug. 1, bitcoin has soared more than 40 percent to all-time highs. Bitcoin climbed 5 percent Monday morning to a record high of $4,321.08, more than quadruple in value for the year, according to CoinDesk. At that price, the digital currency has gained about 50 percent in August. As institutional investor interest in bitcoin grows, Moas expects digital currencies to become part of "strategic reserves" and "asset allocation models in the near future." He also said people in foreign countries will likely want to buy digital currencies as a more stable alternative to their national currencies. "You can't look at this as a normal situation," he said. "We're in an industry that will probably go from $140 billion to $2 trillion and the bitcoin price will probably move with that." The total market value of more than 800 digital coins listed on CoinM Continue reading >>
Ethereum Vs. Bitcoin: Which Is The Better Second Half 2017 Investment?
Ethereum vs. Bitcoin: Which Is The Better Second Half 2017 Investment? The Battle of 2H 2017 Price Supremacy Between Ethereum vs. Bitcoin Will Be Decided in the Technical Trenches Ethereum vs. Bitcoin . Its amazing were even pondering the question about which cryptocurrency will see the better 2H 2017 returns. At the end of 2016, Ethereums currency token ether (ETH) was trading around $8.00/ETH,near the bottom of a range which peaked over $15.00/ETH. Meanwhile, Bitcoin (BTC) was trading in the ballpark of 100 times ethers price, onthe cusp of a new major up leg.Both were in two different leagues. But Ethereum has since exploded onto the scene in 2017, vying with Bitcoin for crypto supremacy. Which becomes the better 2H 2017 investment will depend less on sentiment this time around, and more on technical inner workings which make both cryptocurrencies tick. Specifically, the inner workings in which I speak of involve the much-anticipated result of Bitcoins core software upgrade on August 1, 2017. This is the so-called user activated soft-fork (UASF) deadline, which is fast approaching. The reasons for the upgrade trace back to Bitcoins origins. At the beginning, daily average Bitcoin transactions totaled in the hundreds, then the thousands.At previousrates, Bitcoins 1MB maximum block size could reasonably handle the volume of transactions is a respectableamount of time(although this was still measured in minutes, as opposed to the seconds most retail consumers are accustomed to). But as popularity exploded, so have transaction processing times and fees. Bymid-2017, daily average Bitcoin transactions total around 350,000 and payment confirmation times are becominguntenable. On April 24, 2017, they surpassed 24 minutes, and its not uncommon for confirmations to take over Continue reading >>
Ethereum Price Prediction 2017
Home Ethereum Ethereum Price Prediction 2017 written by CryptoCoinMastery July 15, 2017 Over the past month we have seen the price of Ethereum slide down, down, and more down. It seems like the entire internet is scared that this is the END of cryptocurrencies. Everytime I go onto Facebook I see a new article that has a title implying that the world is coming to an end. I want to dive deep into Ethereum and explain my thoughts on its future price based on qualitative and technical analysis. I want to just put a disclaimer and say that we do own Ethereum in our portfolio. For anybody that is worried about their Ethereum coins, I want you to understand one of the most important parts of investing: Corrections Happen! Take a look at the chart below (12 month chart). Ethereum has done nothing but go up in the past year. A lot of that due to speculation that Ethereum was going to become the new Bitcoin. Although I do believe that Ethereum has great potential because of how it is a part of a platform, I do not see it beating out Bitcoin anytime soon. Bitcoin has too much power in the industry. Beating out Bitcoin would almost be like another currency beating out the US dollar. It is not going to happen for a LONG time. I wanted to show the 12 month chart because when doing simple technical analysis with resistance lines, it is clearly visible that this correction was almost predicted (over the long term). Look at the orange resistance line that I drew on this chart. The price is actually at a point that is much more realistic than the $400 price it was about a month ago. I also work with an algorithm that is able to help predict short term and long term trends. I think that most people care about the long term outlook of Ethereum, even if you can make 20% day trading it. My Continue reading >>
Ethereum Price Set To Double Now, Says Analyst Who Forecasted $5,000 Bitcoin By 2018
Ethereum Price Set to Double Now, Says Analyst Who Forecasted $5,000 Bitcoin by 2018 Analyst who predicted Bitcoin to reach $5,000 comes back and forecasts Ethereum set to increase by 100%. Standpoint Research founder and analyst Ronnie Moas has previously projected that the digital currency Bitcoin will reach a price of $5,000 per token in 2018 and $50,000 in 10 years . In his most recent interview with CNBC , he also claimed that rival currency Ethereum is also likely to increase by twofold to reach $400 during the year. In his report published in late July 2017, Moas claimed that the cryptocurrencies will sustain their solid performance and steal some shares of other assets like stocks, bonds, fiat currencies and other precious metals in the market. "I think investors should take a shot on this and hold for a few years. If you lose a few bucks, at least you took a shot," he said. "In life, you miss every shot that you do not take. It will probably be more upsetting to watch it (from the sidelines) go up another 1,000 percent." Aside from the two leading virtual currencies, Moas also forecast that the price of the digital currency Litecoin will increase by twofold to $80 per coin. Leading cryptocurrencies in terms of market capitalization In his report, Moas issued a list of the digital currencies and their market caps. Based on the list, the top 20 currencies include Bitcoin, Ethereum, Ripple, Litecoin and NEM. "In my view, 10-15 years from now, the charts on a few of the top 20 names will look like the Amazon, Apple, Tesla, Netflix, Google and Facebook charts look today. Meanwhile, the possible split of Bitcoin could be realized in early August 2017 if some developers will advance their proposed upgrade called Bitcoin Cash. Based on market trading in late July, the Continue reading >>
Ethereum Price Daily Analysis August 4 Also Bitcoin, Litecoin, Ethereum Classic, Ripple Price Prediction
Bitcoin has managed to settle at $2,700 and move up to the upwards trend. The demand volume during the formation was less compared to the previous figures. Thus the $2,800 zone does not seem to be interesting for the majority of buyers. They seem to be waiting for the pullback. If we look at the horizontal trading volume, it is clear, the $2,790 area has had rather large purchases. The last pullback was also seen at this point. If there is no downward turn at the $2,650 level, the price might move up. But if while pullback theres a reversal, there might be drop to the $2,700 area. Ethereum price has formed a reversal wave with increased demand level, and theres a correction right now. Also, this weeks wave started with a short-term $176.5 to $210 reversal wave. If the price does go up, it will pass the $265 mark, but its possible only in case this weeks uptrend. The $217 area is essential for the trend-like movement. Provided theres no reversal during the pullback, the growth will be supported. Otherwise, Ethereum will have a flat down to $200. Ripple price has settled at the key $0.17 mark. At the moment its the most likely correction peak. In general, XRP has formed a reversal wave up. Demand volumes look positive. We also see the amount of pending buy orders top up sell orders. Given theres no reversal during the pullback to $0.17, chances are XRP price will go up. But a reversal down at the $0.17 point will undermine the whole uptrend structure. Usually, in this case, the price moves down. Litecoins insecure growth can turn into a sharp fall. Flat-like upward movement doesnt look a trend now. The key level is at the $41.9 area. If this mark proves itself important for major buyers in the future, a rebound and further growth will take place, when the price reaches t Continue reading >>
Ethereum (eth) Price Predictions - August 2017
We're finally looming over the official date of the BTC Hard Fork. Often on my channel I get asked what I think the price of ETH will be by the end of August so I figured I'd post an official video concerning Ethereum Price Predictions for August 2017. Today, July 30th, Ethereum has risen over 10%, it has followed an upward trend with Digibyte, and Antshares, which shows investor confidence returning to large cap cryptocurrencies. For those of you who have just begun your journey into the blockchain, and the cryptocurrency World: welcome! For those of you who have been going at it since the beginning of the year or even earlier, well, I know it has been one hell of a ride. Back in February investing in Ethereum was a no brainer. The market was so bullish no one even mentioned buying high or low as an issue. It was all about: "BUY ETH." It has been a stressful few months in the market. ETH has gone from $410 to under $200. Most Altcoins have seen a pullback, and it has truly felt like a War Zone. For the ones who haven't thrown in the towel, I believe it is time to reap our rewards. Feel free to watch my updated video on Ethereum Price Forecasts Post-BTC Fork 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? 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 >>
What Are Your Ether And Bitcoin Prices Predictions By End Of 2017?
What are your Ether and Bitcoin prices predictions by end of 2017? Well, considering they already happened I dont know if they are predictions but last month I was telling another friend in the Fintech space that I expect BTC to cross $10k. Although, I have greater hope for Cashaas token in terms of growth potential, and dont really trade ethereum, but Id guess $500. Cashaa is more poised to do some big things with the people theyre attracting to their company as supporters - Im excited to see where they are in 12-months, probably $2-3 at least. I am predicting ETH at $800 plus, BTC around $5000 by the end of 2017. I would also agree with the previous Quorian, if you are looking to invest go 75% into ETH right now and 25% into BTC. I say this because while BTC is on a slow, sideways, definitely upward spike, everyone is hesitant to predict on its future because of the hard fork in the foreseeable future. However, just last year, BTC was trading at $450; close to where we are currently at now with Ethereum. ETH on the other hand, has a pretty bright future ahead. But dont be fooled, these cryptocurrencies are quite different. While Bitcoin will, and I repeat WILL be the main digital currency, ETH is much, VERY much different. ETH is the internet of the future. Its a blockchain technology that is being adopted by big name companies such as Samsung, Intel and Microsoft. ETH allows new apps to be built with this new technology, and furthermore, those apps that are created are then able to sell their own tokens to the public. As more tokens and apps are created, ETH has no where to go but up So basically the value of ETH is within ETH if that makes any sense. The more these big companies produce these decentralized apps and programs on ETH, the higher the price drives. You Continue reading >>
A Month After August 1: Where Will Bitcoin, Ethereum Prices, Litecoin Price Be?
Home Cryptocurrency A Month After August 1: Where Will Bitcoin, Ethereum Prices, Litecoin Price Be? A Month After August 1: Where Will Bitcoin, Ethereum Prices, Litecoin Price Be? Gaurav S. Iyer, IFC Profit Confidential 2017-07-28T06:20:40Z 2017-09-14 03:13:31 bitcoin fork on august 1 bitcoin hard fork in 2017 bitcoin segwit2x bitcoin prices ethereum prices litecoin prices bitcoin volatility ethereum volatility bitcoin value will ethereum prices be volatile how litecoin prices get affected bitcoin price prediction ethereum price prediction litecoin price prediction As we approach the dreaded Bitcoin hard fork on August 1, investors are wondering how SegWit2x will affect Bitcoin, Ethereum prices, and the Litecoin price. Cryptocurrency As we approach the dreaded Bitcoin fork on August 1, investors are getting nervous. What if the Bitcoin hard fork in 2017 kills the crypto dream? they ask.Well, if it was that fragile to begin with, good riddance. Bitcoin is trying to become the first global digital currency! It should be able to weather the storm.A little resilience goes a long way in the currency game.Just look at Ethereum, Bitcoins nearest rival and heir apparent. Its undergone several forks, as has Litecoin. So its time to put on your big-boy pants, Bitcoin fans, the real world has come knocking.And the real word is messy. Its full of disagreements that cant be resolved overnight. So dont be surprised if Bitcoin SegWit2X doesnt pan out the way you thought it would.There is no guarantee that all Bitcoin core developers will hop on board before August 1, in which case the currency will split. Yes, there will be volatility. Lots of it, in fact.And yes, Bitcoins value might take a hit in the first week.But what happens one month down the road? Where are Bitcoin prices , Et Continue reading >>
Prediction: Eth Will Trade At $1200~$1350 By October 2017 - Ethtrader
Prediction: ETH will trade at $1200~$1350 by October 2017 This might even be a conservative estimate, but let me state my reasoning. ETH will likely overtake bitcoin as the primary currency. This is hardly speculation, as we are seeing the effects of the flip already. There is undeniably a lot of interest in bitcoin and cryptocurrencies, and bitcoin will not meet the demand, and it seems ETH is primed to absorb the demand. Bitcoin was still at over 80% market share in March, and in just 3 months it dropped to 40%, mostly in favor of ETH. I think the cryptocurrency market is a 'winner takes most' market, as the only way to get a reliable store of value is for most of the market to agree on one coin to store their wealth in. The other coins also have value, but since many coins are created daily, the value would be diluted too much to get a reliable store of value, for this reason most people will agree on one currency to use as a main store of value, this is currently bitcoin, but the shift to ETH is inevitable at this point. I think it is therefore not unreasonable to expect ETH to be responsible for 80~90% of the cryptocurrency value. It is hard to predict what the total cryptocurrency market cap will be by October, but my very cautious estimation is that t will be at least 150 billion (it's over 100 billion now, up from 25 billion in march). But it might easily be far higher than this. Based on this, ETH will trade at at least $1200 by October. But honestly I would not even be surprised if it would break even $3000 before the end of the year. This might seem like a bubble and a ridiculous prediction, but honestly, this is just ETH absorbing demand that is umet by bitcoin. The growth will be totally natural and organic even though it will seem like a bubble. Media wil Continue reading >>
Eth/usd Monthly Forecast: Bullish August For Ether
ETH/USD Monthly Forecast: Bullish August For Ether Ether overcame all odds against the US Dollar and Bitcoin to move into the bullish territory. ETH/USD broke key resistances to set the pace for this month. Ether made good ground this past week and is currently positioned well above the $200.00 support against the US Dollar. The ETH/USD pair is poised to extend gains if buyers overcome sellers near $260.00. ETH/BTC recovered sharply from 0.072BTC and is currently trading above the 0.080BTC pivot. Technically, the daily chart indicators are moving higher once again, signaling positive bias. June and July were mostly bearish months for Ether as it declined against the US Dollar and Bitcoin. The ETH/USD pair traded as low as $133.78 before starting a recovery, forminga medium term bottom in the process. Yesterday the pairnot only tested the $250.00 resistance, but also managed to trade above $260.00. A new monthly high was formed at $263.94 where sellers emerged. Looking at the daily chart of ETH/USD, there was a close above a major bearish trend line at $205.00. It is a strong bullish signal for Ether and might push its price further. At the moment, the price is trading near yet another crucial hurdle at $260.00. There is a possibility of a reaction near the mentioned level, but the recent momentum seems to be favoring buyers. A daily close above $260.00 would open the doors for a move towards $275.00 and $300.00 in the near term. On the downside, there is a connecting bullish trend line at $210.00. If acorrection is initiated, the $230.00 and $210.00 levels become important supports. Dropping down to the 4-hour chart, there was a proper close above a key resistance at $230.00 . The stated level is now near the38.2 percent Fibonacci retracement level of the last wave fro Continue reading >>