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Ethereum Price Prediction July 2017

Ethereum Price Prediction 2017

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 >>

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 >>

Ethereum Price Falls July 11 - Business Insider

Ethereum Price Falls July 11 - Business Insider

LONDON Ethereum's price crash has extended to a second day, with the cryptocurrency down more than 15% in early trade on Tuesday. Ethereum and bitcoin have both rallied strongly since the start of the year, with Ethereum rising over 5,000% from around $8 in January to a high of over $400 on June 13. The cryptocurrency has been boosted by the rise in popularity of so-called "Initial Coin Offerings" a money-raising method that uses Ethereum's network. However, Ethereum fell around 10% on Monday amid talk of a potential price bubble. It is down just over 15% against the dollar to $ at 8.47 a.m. BST (3.47 a.m. ET): Mati Greenspan, a market analyst with trading platform eToro, told Business Insider over the phone on Tuesday morning that the crash has been "a long time coming." "Anything that goes up that far, that fast has to have some sort of correction," Greenspan said. Greenspan said: "Currently on the mind is ICOs. We've been seeing a lot of money get ridiculous amounts of money." Startups, some at an incredibly early stage, have raised over $1 billion so far this year issuing new digital currencies that have been created using the Ethereum network. Greenspan said that scepticism over these projects could be contributing to the price correction. He added that many of these the people behind these ICOs could be trying to cash out of Ethereum, flooding the market with sell orders and thus depressing the price. (When a company raises money through an ICO, it generally raises either Ethereum or bitcoin, which then generally has to be converted into a currency like the US dollar or British Pound.) "There have been some very large sell orders," Greenspan told BI. "I'm sure some of them have the finesse to spread out their orders but some people don't." A large sell order was Continue reading >>

Ethereum Price Prediction A Rocky Climb

Ethereum Price Prediction A Rocky Climb

Ethereum Price Prediction A Rocky Climb Ethereum Price Prediction Analysis Whoa! Quite a slip there for Ethereum, whose price had been creeping up towards $350 U.S., outpacing the pundits who were mostly calling for $250 by years end. Then in one fell swoop of panic selling, the price plummeted faster than Kathy Griffins career. A multi-million dollar sell order triggered a further series of stop loss orders sending the price to the floor to ten cents, before bouncing back up to around $290. Such enormous and instant events act like a lightning strike on a brand new church. Very fast and very damaging. Ethereum is the new wunderkind of the virtual currency scene. Experts are quick to point out it is not a currency at all, and in fact the correct nomenclature is Ether, given that its coinage system forms only part of the open code smart contract portfolio that Ethereum technology encompasses. Regardless, it seems to have some tactical advantages over its current rival, Bitcoin, due in part to a better governance system, as well as some actual human beings, like Vitalik Buterin, providing a credence that an invisible Satoshi Nakamoto never could. Consequently, an accurate Ethereum price prediction is a difficult thing. Its extreme newness makes the entire platform unpredictable. How well will Ethereum scale? Will there be ongoing processing delays that are currently bottlenecking the virtual currency world? Will the planets companies and governments embrace Ethereum as the binding agent of all business? Investors and speculators have leapt Ether in recent weeks hoping to ride its rocketlike ascent to the $1000 mark. But as is often the case, opportunistic players can do much to topple the Ethereum tower, whose base is not yet solid. The common theme around an Ethereum pr Continue reading >>

Buy Ethereum In 2017

Buy Ethereum In 2017

After more than eighteen months reading (almost) constantly about crypto currencies, I think that the entire space can be reduced to the four best opportunities for investors. There are currently more than 600 crypto currencies, so I have not investigated them all, but from everything I have seen, there are a few to be interested in. I have mentioned the first and leader, Bitcoin, elsewhere on this blog. Of the remaining three, Id like to highlight a second coin today. It is called Ethereum and plans to be the first distributed global computer. The best way that I can personally describe Ethereum is as a business layer. It also has plans to create usable smart contracts that will be verifiable and secured via the blockchain. This has the potential to be incredibly disruptive (web hosting, law, financial services, real estate and on and on). Where Bitcoin is designed to be a currency, Ethereum is a platform that will appeal to a very wide range of businesses and Ether / ETH (the coin) will be the money used to power and secure it. You might want to just Google it and do some reading Im not going to kid around here, there is a lot of very complex terminology to understand if you plan to dive in. The learning curve is very steep. For example, I have just spend the last hour trying to understand this discussion about the expected issuance and inflation rate. Phew! This complexity is not helped by it being at such an early stage, which means that the space is dominated by developers who might understand the topic and each other, but they are not as a breed generally very good at accessible communication. You have been warned. A systems admin friend and I (mostly him) tried to mine Ethereum ourselves in January and February 2016. Those were the very early days. Despite all t Continue reading >>

Bitcoin: Cryptocurrencies Down 23% For July. Is This Bottom? | Fortune

Bitcoin: Cryptocurrencies Down 23% For July. Is This Bottom? | Fortune

Alex Sunnarborg (@alexsunnarborg) July 12, 2017 As you can see, bitcoin did not fare as badly as some of its smaller rivals. The original digital currency is down around 6.5% while Ether, the cryptocurrency associated with the decentralized computing network Ethereum, is down 29%. Ripple dropped a brutal 39%. The average overall decline is approximately 22.7 %, though its important to note some of these currencies are relative minnows. The market cap of bitcoin, the sectors undisputed heavyweight, is currently around $40 billion while that of Dash is $1.3 billion. Get Data Sheet , Fortunes technology newsletter. All of this raises the question of what is driving the decline and whether the prices have bottomed out. Unlike earlier price jolts in the famously volatile digital currency market, there has been no obvious external shocka major hacking incident or a regulatory crackdownto explain the current decline. As such, the dismal July may simply represent the deflating of a bubble inflated by lots of Johnny-come-lately speculators who rushed into the market in May and June. Now, some are suggesting that, in the case of Ethereum, the market has already hit bottom. Spiros Margaris (@SpirosMargaris) July 12, 2017 And indeed, in the past few days, the price of Ethereum has started nudging upward again, suggesting the prediction is right. On Wednesday, the currency had risen to around $220 from Tuesdays low of $192. On the other hand, when it comes to bitcoin and Ethereum, it feels like anything canand doeshappen. (Did you see the guy photo-bomb Janet Yellons remarks on Wednesday with a buy bitcoin sign ?) If youre a skeptic, you can take account of remarks this week by the chairman of BlackRock who called price charts related to blockchain-based companies scary and said bi Continue reading >>

What Will The Bitcoin Price Be In 2017? - Coindesk

What Will The Bitcoin Price Be In 2017? - Coindesk

In this CoinDesk 2016 in Review special feature, CoinDesk contributor Charles Bovaird asks experts for their predictions ofbitcoin's price movements in the year ahead. While bitcoin prices rose sharply in 2016, climbing to multi-year highs , they will likely push even higher in 2017, according to a panel of experts polled by CoinDesk. Propelled forward by numerous forces including strong market momentum, rising interest rates and an influx of new money, the digital currencys price could surge to fresh, all-time highs next year, the analysts asserted. Bitcoin prices rose more than 100% in 2016, climbing from roughly $430 at the start of the year to $963.14 at around19:00 UTC on 28th December, according to CoinDesk USD Bitcoin Price Index (BPI) data. When polled mid-December and asked where they thought bitcoin prices would finish out 2016, analysts pointed to factors such as market dynamics and macroeconomic uncertainty when explaining their year-end forecasts . They cited many of the same variables when weighing in on what they think bitcoin prices will do in 2017. In addition, they noted an influx of new money, rising interest rates and the way bitcoin has behaved in prior bull markets. To get a broad range of input, CoinDesk sought input from several market participants, whose comments are included below: This article is not intended to provide, and should not be taken as, investment advice. Continue reading >>

Eth/usd Forecast: Ether Remains At Risk

Eth/usd Forecast: Ether Remains At Risk

Ether remains at a major risk of breakdown against the US Dollar and Bitcoin. ETH/USD is currently trading below $200.00 and struggling to recover. Ether failed to overcome selling pressure against the US Dollar and currently trading below $200.00. Two key bearish trendlines with resistances at $210.00 and $225.00 on the 4-hour chart of ETH/USD continue to prevent recoveries. ETH/BTC held the ground above 0.085BTC as Bitcoin price was under pressure versus all major cryptocurrencies. Technically, the 4-hour chart indicators are gaining momentum in the bearish territory. The past few days were mostly bearish for both ETH/USD and ETH/BTC. Every time buyers attempted a recovery, they faced negative sentiment and the price moved down. The recent failure was near $200.00 in ETH/USD. Looking at the hourly chart, there is a confluence of bearish trendlines forming near $200.00 which recently acted as a resistance. The pair is once again heading lower and trading below $190.00. An immediate support sits around the last swing low of $181.74. However, the most important support is now $174.08 (this months low). There are chances of ETH/USD continuing lower and testing the $180.00 support zone. The pair has to remain above $175.00 to avoid any major declines in the near term. If sellers succeed in breaking $175.00, there can be a sell-off towards the $160.00-150.00 zone. On the upside, the bearish trendlines with resistance at $200.00 can be seen as a short-term barrier. Moving on to the 4-hour chart, there are two key bearish trendlines with resistances at $210.00 and $225.00. On the downside, the $175.00 support is an important junction for both buyers and sellers. A break and close below $175.00 wont be easy since it provided support on 2-3 occasions. In terms of the market se Continue reading >>

Where Will Ethereum's Price Go Towards The End Of 2017? - Bitcoin Network, News, Charts, Guides & Analysis

Where Will Ethereum's Price Go Towards The End Of 2017? - Bitcoin Network, News, Charts, Guides & Analysis

Even the most optimistic observer could not have ever predicted that ethereums price would jump from $8, in the beginning of the year, to approach the $400 mark within 6 months. Given the fact that its price rose by around 5000% during the past 6 months, ethereum is by far the top gainer among all altcoins in the year 2017. So, where will price go towards the end of the year? Will it continue rising? or is this bullish rally a big bubble that will burst soon? Even though many observers might think that ethereums recent price surge is just a bubble that will burst sooner or later, others, including me, think that this is just the beginning of the publics perception of the real value underlying ethereum. Ethereum advocates may go as far as claiming that ethereum is even more valuable than bitcoin itself for many reasons such as: Ethereum is resistant to ASIC miners, which promotes decentralization of the mining process. This is apart from bitcoin mining which is more or less centralized in huge ASIC mining farms in scattered parts of the world, mainly China. Ethereum simplifies the implementation of smart contracts; thanks to its Turing complete programming language that permits the creation of smart contracts representing financial agreements such as bonds, swaps, options.etc. Smart contracts are executed on the Ethereum Virtual Machine EVM, in exchange for ether gas. As such, ethereum can totally transform the future of global finance. New cryptocurrencies can be issued in the form of digital tokens on ethereums blockchain, using a cryptocurrency smart contract. Moreover, decentralized applications (DAPPS) are apps that utilize smart contracts to create decentralized apps that run on the EVM. The number of coins issued on ethereums blockchain is growing steadily e.g. H Continue reading >>

Bitcoin Price Recovers Past $2,500; Is $5,000 In Sight?

Bitcoin Price Recovers Past $2,500; Is $5,000 In Sight?

Bitcoin Price Recovers Past $2,500; Is $5,000 In Sight? Join our community of 10 000 traders on Hacked.com for just $39 per month. The bitcoin price recovered past $2,500 on Thursday, leading the markets to a moderate recovery after yesterdays decline . Thirteen of the top 15 coins experienced price increases, and three of them saw gains of more than 10%. The Bitcoin Price Increased 3% to Lead a Moderate Market Recovery Thursdays upward pivot brought a moderate increase to the total cryptocurrency market cap. The total value of all cryptocurrencies had dipped as low as $84 billion on July 26, but it has since grown to a present value of $88 billion. Thursdays 3% price increase carried bitcoin back across the $2,500 level. The bitcoin price is now $2,586, which translates into a market cap of $42.6 billion. The analysts at eToro say that South Koreas friendly stance to cryptocurrency is currently helping prop up the bitcoin price . Last week, Keiser Report Host Max Keiser responded to the BIP 91 lock-in by doubling down on his June prediction that a $5,000 bitcoin price was in sight. Keisers prediction is more or less in line with the recent Goldman Sachs analysis suggesting bitcoin will approach $4,000, although his take is obviously more optimistic. Nevertheless, the short-term future of the bitcoin price will depend upon how investors react to the upcoming Bitcoin Cash hard fork, which Roger Ver recently endorsed . Bitcoin Cash futures are currently trading at $412 on ViaBTC, according to CoinMarketCap . Others, however, remain skeptical over Bitcoins potential even in the long-term. Oaktree Capital Management founder Howard Mark issued a memo warning his clients that digital currencies are not real. Bank of America echoed that sentiment, telling investors they shoul Continue reading >>

Prediction: Eth Will Trade At $1200~$1350 By October 2017 - Ethtrader

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 >>

Ethereum Price Predictions By Ethereum Price Today

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 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

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 >>

These 2017 Ethereum Price Predictions Have A $500 Target

These 2017 Ethereum Price Predictions Have A $500 Target

These 2017 Ethereum Price Predictions Have a $500 Target These 2017 Ethereum Price Predictions Have a $500 Target By David Zeiler , Associate Editor, Money Morning @DavidGZeiler Your email address will not be published. Required fields are marked * Sign me up for the Money Morning newsletter Several Ethereum price predictions see the nascent cryptocurrency reaching $500 by the end of 2017, regardless of the current pullback. Yesterday (Monday), the price of Ethereum sunk as low as $209.55 on the CryptoCompare index, a 49.77% drop from the all-time high of $417.21 set on June 12. Ethereum, a digital currency cousin to the better-known Bitcoin, attracted investor attention this year as it skyrocketed as much as 5,000%. On Jan. 1, the price of Ethereum was just $7.98. At this point, an Ethereum price forecast of $500 may look like wishful thinking. But investors can't get distracted by the short-term volatility, no matter the severity. Bitcoin has already taught us that dramatic price gyrations come with the territory. Plus, the Bitcoin price history has also shown that steep drops are, sooner or later, followed by a full recovery and a climb to new highs. Ethereum has a shorter track record, having launched in 2015. But it has followed Bitcoin's resilient example once already The Rise and Fall of the Ethereum Price in 2016 Last year the price of Ethereum rose as high as $21 before a major Ethereum-based project, the DAO (Decentralized Autonomous Organization) was hacked , putting as much as $60 million worth of invested funds at risk. While the Ethereum Foundation created a "fork," a new version of Ethereum to counter the hack, the damage to Ethereum's reputation resulted in an extended price decline to about $7 a drop of 67%. But in January 2017, the Ethereum price reve 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 >>

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