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 Price Soars Above $1,000 As Bitcoin Stalls And Ripple Rises | Fortune
Even as the arguable star of 2017 Bitcoin stalls thousands below its all-time high, the third largest cryptocurrency by market value, Ethereum, is soaring to new records Thursday. For the first time ever, Ethereum prices rose above $1,000 per unit in early trading Thursday, as investors look increasingly toward alternative currencies such as Ethereum, Ripple, and Litecoin . Its hard to say for certain what is causing the 8% pop in Ethereum prices. Though in recent weeks, investors have helped push up the price of another rival cryptocurrency, Ripple, in part because more and more major banks and institutions agreed to partner up with the folks behind the digital asset in a bid to speed up transactions, and growing investor interest . Similarly, banking giants have also increasingly looked to Ethereum for another set of solutions. In mid-December, a group of financial companies including UBS, Credit Suisse, and Barclays announced plans to test the Ethereum blockchain in the hopes of making it easier to meet new European Union reporting standards under the Markets in Financial Instruments Directive II. The banking group will be able to anonymously submit information to the private blockchain, and cross-check for any irregularities. Those partnerships get to the heart of a major argument as to why Ethereum proponents consider their cryptocurrency to be more flexible and, in a sense, more useful than Bitcoin. While Bitcoin is one way to use blockchain, the technology underlying digital currencies that records transactions, Ethereum allows developers to build on the blockchain platform. Thats also why initial coin offerings have largely been built on the Ethereum platform. Bitcoin is the first application built on the blockchain technology, said Ethereum co-founder Joseph L Continue reading >>
Bitcoin Price 'to Double' In 2018 So What About Ethereum And Ripple? | Metro News
Price of Bitcoin will easily double in 2018 but what about Ethereum andRipple? Share this article with Facebook Share this article with Twitter Share this article with Google Plus Share this article through email Share this article with Whatsapp Share this article through This chart shows the astronomical rise of Bitcoin over the past year (Chart: Coinbase) Bitcoin shot up in price by more than 1800 percent last year, rocketing from about $1,000 per coin to more than $19,000. But now one expert has said the price could easily double or even triple again in 2018. Policeman poisoned in Salisbury spy attack says life 'will never be the same' Tom Lee, co-founder and head of research at Fundstrat Global Advisors, has a history of accurately predicting Bitcoins behaviour. In August 2017, he said the cryptocurrency would soar above $10,000. In December, it hit a whopping $19,000 per coin before taking a nosedive and losing about 25 percent of its value. Lee said Bitcoin would rocket above $20,000 this year and stay there. This graphic shows the logos of the four major cryptocurrencies: Bitcoin, Litecoin, Ethereum and Ripple If it breaks the $20k barrier, the cryptocurrency could even see a move bigger than that. He told CNBC :As millennials discover and generate income, theyre going to use it as a replacement for gold. I think Bitcoin is still something you should own. Ripple is currently dropping like a stone, plummeting from $2.52 to $1.81 in the past week. Ethereum, on the other hand, has been on the rise. The price of Ripple has taken a clobbering in the last week (Chart: Coindesk) Samuel Miranda, a cryptocurrency expert from Coinlist.me , told us that at least one of these alt-coins would keep on rising. He said: Ripple has dipped because Coin Market Cap, the main websit Continue reading >>
Ethereum To Go Up Or Down?
Quote from: yonton on December 04, 2017, 09:11:35 PM Unfortunately ETH is tanking vs bitcoin. It's back in the 39's now?? Whats wrong with ethereum? Nothing, there is nothing wrong with ETH, almost everything is tanking vs Bitcoin, what it happens is that bitcoin has been growing like crazy now it is close to 16k and yesterday it touched 18k and it is very likely we are going to hit 20k before the end of the year, when we see such a huge and insane numbers there is nothing to do except to hold ETH and hope for a better opportunity. Quote from: qen10 on December 21, 2017, 01:52:04 AM This week the price of ethereum is almost 800 USD and it comes from 300 USD. Ethereum is going up so fast, the price of it was insane in increasing. So in predicting for the future of Ethereum, my opinion is that Ethereum will go up rapidly. Ethereum will end this year for $ 1000. While the market is recovering rapidly, Etherum will not miss the opportunity to continue to add value during this time. But at present Etherum network is quite slow, you should not transfer Etherum between commercial sites because it will take a long time to complete the transaction. Quote from: qen10 on December 21, 2017, 01:52:04 AM This week the price of ethereum is almost 800 USD and it comes from 300 USD. Ethereum is going up so fast, the price of it was insane in increasing. So in predicting for the future of Ethereum, my opinion is that Ethereum will go up rapidly. Ethereum will end this year for $ 1000. While the market is recovering rapidly, Etherum will not miss the opportunity to continue to add value during this time. But at present Etherum network is quite slow, you should not transfer Etherum between commercial sites because it will take a long time to complete the transaction. Well as far as I know Continue reading >>
Price Predictions: Will Ethereum (eth) Price Increase In 2018? E-money Chat
It is surely a well-known fact by now that Ethereum is one of the most popular altcoins. Ethereum has had a great year in 2017, experiencing an impressive growth of more than 10,000%. Its market cap stayed at around $90 billion and it seemed that Ethereum can be a very important competitor to bitcoin , which remains the most popular cryptocurrency at the moment. Ethereum's position at the beginning of 2017: Given its impressive rise in 2017, many people believe that Ethereum is going to keep on growing and become one of the most valuable cryptocurrencies ever created. This belief may not be wrong considering that Ethereum is enjoying a lot of success due to the fact that products and companies that are based on this cryptocurrency keep on being launched on the market. Analysts have claimed that one of the reasons why Ethereum has grown so much in 2017 is linked to the fact that cryptocurrency-based ERC-20 token ICOs have increased a lot. Many businesses managed to get a lot of funds this way. But, that is not all. Applications that are based on Ethereum have sustained the impressive growth of the cryptocurrency in 2017 and are expected to do the same in 2018. Some analysts have claimed that the price of Ethereum will increase in accordance with the number of applications based on the cryptocurrency and which are released on the market. Some researchers said that in 2018 and 2019, there will be a 10 times increase when it comes to the number of Ethereum based applications. Another important aspect why Ethereum is believed to continue to grow in 2018 is linked to the fact that its technology is always improving to meet the demand. There were reportedly revealed some plans to make some big updates to Ethereum in 2018 to improve its technology. However, maybe one of the ma Continue reading >>
Why Is Ethereum Rising: How High Will Eth Price Go? | City & Business | Finance | Express.co.uk
Ripple price: XRP DOWN 50% on record high - Why is Ripple crashing? Ethereum prices have already soared more than 89 percent since the start of January, topping off the more than 8,000 percent growth it witnessed through 2017. CoinMarketCap data suggests that the platform is now the second most valuable digital asset on the market with a market capitalisation of more than 96billion ($130billion) second only to bitcoin s 181billion ($245billion) as of 6.12pm on Wednesday. Ethereum is now attracting strong corporate interest, and Mr Nerayoff said ethereums open-source implementation has made it an attractive option to businesses. He added: "People are actually using it for currency, as well. Ethereum price: The ETH token reached an all-time high price on January 10 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. Ether's price rally is a testament to the growing popularity of ethereum as a platform for decentralised applications The growing interest and exposition could in turn serve to grow the entire crypto space bitcoin and Ripple included. Thomas Glucksmann, head of marketing and APAC business development at Gatecoin, agreed that ethereums real world use made it a viable option for investors. He said: Ether's price rally is a testament to the growing popularity of ethereum as a platform for decentralised applications. Ethereum price: The ETH crypto token rose an incredible 56,000 percent since being created Over the last year and a half, we've seen that the majority of tokens issued during ICOs and traded on exchanges, have been coded to run on the ethereum network. But some crypto experts have rung the bell about the sw Continue reading >>
6 Catalysts That Will Drive Ethereums Priceup
Theres no denying Im a huge fan Ethereum. I see the ether, and the technology behind it, as a company removing the handcuffs from the blockchain which were placed by Bitcoin. Thats not to say that I dislike Bitcoin at all, because I dont, but when I must choose between the two cryptocurrency powerhouses, my choice is Ethereum ten times out of ten. Bitcoin uses their version of the blockchain for the sole purpose of creating a very successful digital currency, and while this has worked very well for them, Ethereum has done that very successfully as well, while creating seemingly infinite opportunities for developers to use their blockchain and create a new platform for many different technologies. The value in Ethereum is clearly being realized by investors in the market. In 2017, the coin rose over 8,500 percent, from $8 to almost $800, but now, just two days into 2018, it is up to over $800 and has reached as much as $900. Ethereum is climbing, and has been climbing, but it is necessary to know why it is climbing to understand why it will be successful this year and in the future. I already covered some in depth reasoning for why I believe Ethereum will find success in my prior post: Ethereum is the Coin to Own in 2018 , but now I will provide a quick and general outline as to why the coin, and most importantly the technology, will find success in 2018. Here are my top six reasons Ethereum will continue claiming the market in2018: Ethereum Provides the most Support to Developers and Will Produce Many Heavily Used Applications. Because Ethereums blockchain allows developers to find many different uses for the technology within their own developments, many new apps were created in 2017 and many more news apps will be created and released in 2018. I already wrote on some Continue reading >>
Ethereum Price At All Time High On Billionaire's Prediction | Fortune
The Ethereum price broke $400 for only the second time in its history on Thursday, setting a new all time high early on Thanksgiving morning in the U.S. A rival cryptocurrency to Bitcoin, Ethereum rose as high as about $425 Thursday, a gain of more than 16% in a 24-hour period. Until then, the Ethereum price had for months hovered below its previous peak in June, when it had briefly surpassed $400 for the first time. The surge came as the billionaire cryptocurrency investor Mike Novogratz, a former hedge fund manager on Wall Street, reversed his bearish prediction on Ethereum. In June, shortly after Ethereum first hit $400, Novogratz had sold much of the cryptocurrency he owned, saying I think we may have put the highs in for the year in Ethereum, and youre going to slowly consolidate. Novogratzs call turned out to be prescient, and the Ethereum price did not revisit its earlier highsthat is, until this week, when the influential investor suddenly turned bullish again. Just in the last few days Ethereum has started to move, and I actually think its going to put a new high soon, Novogratz said in an interview on Bloomberg TV Tuesday. It took less than 48 hours for the Ethereum price to prove Novogratz right again. I think we end the year at close to $500 in Ethereum, he predicted, adding that the Bitcoin price, which reached as high as $8,300 this week, would hit $10,000 before 2017 comes to a close. Theres a lot of positive things happening in the Ethereum ecosystem, added Novogratz, who has recently begun raising money for his new cryptocurrency-focused hedge fund. The Ethereum price has already risen more than 50 times this year. To reach $500 before 2017 is out, Ethereum would need to rise another 25% from the $400 mark where it was trading early Thursday morningall Continue reading >>
Cryptocurrencies In 2018: What Can We Expect From Bitcoin And Ethereum?
Cryptocurrencies in 2018: what can we expect from Bitcoin and Ethereum? Icelands cheap energy has made it a hot spot for mining digital currencies such as bitcoin One of the hottest topics last year was the rise of cryptocurrencies, a form of digital money that can be stored without using a bank. Tech trends 2018: bitcoin, driverless cars and more The technology has gained popularity in recent years because in most cases cryptocurrencies are untraceable, The Daily Telegraph reports. This allows users to make purchases and investments anonymously. Theres only a finite amount of digital coins available. This has driven the value of some cryptocurrencies to five-figure sums. Here are some of the top virtual currencies of 2017 and how they might fare over the next 12 months: Bitcoin is currently the most valuable cryptocurrency on the market. Current prices for a single coin are priced at around 11,000, according to Coinranking . The cryptocurrency kicked off 2017 with a value of just 800 per coin before reaching its current highs. The coins substantial growth could continue this year, says Inverse, as some experts believe the digital coin could reach six-figure values. Thats because the digital currency is relatively scarce, with only 21 million coins available for people to purchase. But investor Jeremy Grantham says Bitcoin is currently experiencing a financial bubble and could plummet in value before the broad market peaks, reports CNBC . As one of the standout cryptocurrencies of the year so far, according to The Daily Telegraph , Ethereum passed the $1,000 (740) per coin mark in the first week of January. What sets it apart from Bitcoin is that Ethereums value is driven by its fast transaction speeds and hi-tech architecture, says Digital Trends ,while Bitcoins relat Continue reading >>
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 >>
Ethereum Price Hits A Fresh Record High, Up Over 13,000% In A Year
Ethereum hit another all-time high Wednesday with the cryptocurrency now up more than 60 percent in a week. The digital currency hit a record high of $1,417.38 before paring some of those gains, according to CoinDesk, a website that tracks the prices of the digital currency. Ethereum is up over 13,000 percent in the last year. Ethereum is the world's second-largest cryptocurrency by market capitalization behind bitcoin , with a value of $131.5 billion, CoinDesk data shows. The digital coin is backed by a blockchain, much like bitcoin, but the technology is slightly different and aimed at a specific use case: smart contracts . Many see it as a cryptocurrency with a real world use because of large companies that are experimenting with the technology. A consortium called the Enterprise Ethereum Alliance , which includes companies like Microsoft and JP Morgan , is looking to develop applications using the Ethereum blockchain. There also appears to be a sense of investors looking at alternative digital coins to make a profit. Ripple recently surged to a record high before plunging . Some of that money may have been funneled into ethereum. As of 8:00 a.m. London time on Wednesday, over 43 percent of purchases of ethereum had been made using bitcoin, according to CryptoCompare. Last year also saw just over $3.7 billion raised via initial coin offerings (ICO) , a process where a company can raise money by issuing a new digital token. Investors do not get a stake in the company, but these tokens can be traded, or may be used on a service that the issuing firm offers. Many of these ICOs are built on the ethereum protocol, which has helped the cryptocurrency gain traction. Ethereum co-creator says the cryptocurrency could triple this year "Ether's price rally is a testament to th Continue reading >>
With Development And Price, Where Does Ethereum Go Long-term?
With Development and Price, Where Does Ethereum Go Long-Term? At a Blockchain conference hosted in Taipei, Ethereum Co-founder Vitalik Buterin outlined the long-term roadmap of Ethereum development. At a Blockchain conference hosted in Taipei, Ethereum Co-founder Vitalik Buterin outlined the long-term roadmap of Ethereum development. According to Buterin, most of the underlying issues of the Ethereum Blockchain network fall under the following categories: scalability, smart contract safety, consensus protocol and privacy. Several network updates including the most recent Byzantium hard fork provided solutions in the four major areas. But, as Buterin noted during an interview with South Korean mainstream media outlet Joong Ang, it may take at least two to five years to truly solve scalability within the Ethereum network. Buterin said : I would say two to five, with early prototypes in one year. The various scaling solutions, including sharding, plasma and various state channel systems such as Raiden and Perun, are already quite well thought out, and development has already started. Raiden is the earliest, and its developer preview release is out already. In regards to scalability, the Ethereum Foundation and the open-source development community of Ethereum made significant progress with the upcoming launch of the Casper testnet and the introduction of Plasma, a second-layer scaling solution developed by Buterin and Bitcoins Lightning Co-author Joseph Poon. Casper is a long-term scaling solution that employs a hybrid proof-of-work (PoW) and proof-of-stake (PoS) consensus protocol onto the Ethereum network. Currently, similar to Bitcoin, the Ethereum network solely relies on the PoW consensus protocol to maintain the network and to verify transactions. As Christian Reitw Continue reading >>
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 >>
9 Answers - Will Ethereum Rise To Over $1500 In 5 Years?
Will ethereum rise to over $1500 in 5 years? As you can see, the number of transactions on the Ethereum blockchain has been increasing exponentially. Cryptocurrencies, like social networks, have extremely strong network effects and once adoption reaches critical mass, growth tends to accelerate exponentially, not linearly. The mainstream public is just starting to become aware of Ethereum, but Ethereum already has the backing of major global corporations. The recently formed Enterprise Ethereum Alliance consists of giants such as Intel, J.P. Morgan, and Microsoft. There are hundreds, possibly thousands of Ethereum projects in development. Many of these applications are focused on making Ethereum more accessible to the general public. The world wide web was extremely inaccessible in the early days until Netscape came along and made it much easier for the general public to browse the internet. As the experience of browsing the web became much more accessible, usage exploded. Ethereum hasnt had its Netscape yet, but it is in development. As these projects come online over the next few years, millions of people will be introduced to Ethereum. As the number of users continue to grow, the utility and value of Ethereum will grow exponentially. There will likely be some growing pains along the way, but Ethereum has a great development team. Ethereums founder, Vitalik Buterin is very well-respected and most people in the Ethereum community believe in his vision. Having a strong leader at this stage in development is extremely important because protocol upgrades can be much more easily implemented. Since Ethereum is a relatively new cryptocurrency, its developers have had the opportunity to learn from mistakes that Bitcoin and other earlier cryptocurrencies have made and have pl Continue reading >>
How High Will Ethereum Go?
How High Will Ethereum Go? Will Ethereum Reach the Price of Bitcoin? Ethereum has been one of the top-performing cryptocurrencies in the world since early 2017, some say the price per Ether is going to surpass Bitcoin by 2018/2019. The rise of Ether is still at its beginning. It is not anywhere close to its potential yet. What do you think? How high will Ethereum go? Will Ether reach the price of Bitcoin by 2018? Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice. The opinions expressed in this article are the personal opinions of the author at the time of publication. Ethereum definitely has a huge potential to go beyond Bitcoin in terms of their market cap. The number of transaction on the Ethereum blockchain has spiked since the announcement on the Enterprise Ethereum Alliance (EEA) that connects Fortune 500 enterprises, startups, academics, and technology vendors with Ethereum subject matter experts. Institutions like Microsoft and JPMorgan have pledged their support to the development of Ethereum through the formation of the Enterprise Ethereum Alliance . The purpose of the alliance is to ensure the potential of Ethereum is realized across industries. The formation of the Enterprise Ethereum Alliance (EEA) in February helped spark Ethereums parabolic rise. The 116 EEA members include such giants as Toyota Motor Corp. (NYSE ADR: TM), JPMorgan Chase & Co. (NYSE: JPM), and Intel Corp. (Nasdaq: INTC). Although many organizations are invested in leveraging Ethereum to serve as a basis for privatized versions, the overarching goal is that one day, each institutions private networks will be connected to the global Ethereum blockchain. This will establish a new universal benchmark for information trans Continue reading >>