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Why Is Ethereum Not Going Up December 2017

5 Bitcoin Rivals That Are Rapidly On The Rise

5 Bitcoin Rivals That Are Rapidly On The Rise

5 Bitcoin Rivals That Are Rapidly on the Rise Bitcoin prices peaked at an all-time high of over $11,800 Sunday in one of the most dramatic value surges of any asset in living memory . Todays prevailing digital currency was worth just $12 in 2013 , and has at times been dismissed as an internet fad favored by nefarious wheelers and dealers trying to circumvent taxes or the law. Like it, love it, or confused by it, bitcoin and other cryptocurrencies have become impossible to ignore. Chicagos two main exchanges , the Chicago Mercantile Exchange and the Chicago Board Options Exchange have announced plans to launch bitcoin futures contracts, and the U.S. Commodity Futures Trading Commission has already given them the green light. Nasdaq may be jumping into the bitcoin futures race as early as second quarter next year, Bloomberg reports. Bitcoin advocates are hoping the exchanges can help stabilize the highly volatile currency. Cryptocurrencies provide a digital alternative to government-issued fiat currencies and can be used in online marketplaces to buy everything from a cupcakes to plane tickets to cyber pets . While bitcoin remains both inconveniently slow (transactions can take upwards of 10 minutes) and risky (buyers cannot set a price until the day of the transaction, leading to wide fluctuations), some say its already safer than certain foreign currencies, such as Venezuelas bolvar . Thats because Bitcoin is protected from fraud and counterfeit by technology called blockchain an encrypted ledger system that records transactions accepted by consensus of asset managers. The Atlantics Derek Thompson summarized bitcoin as a frankly terrible currency built on top of a potential transformative technology, one that could have the power to change our conventional understandi Continue reading >>

Ethereum Price At All Time High On Billionaire's Prediction | Fortune

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 >>

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 >>

Price Analysis, December 09: Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin, Dash

Price Analysis, December 09: Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin, Dash

Price Analysis, December 09: Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin, Dash You dont want to miss out this price analytics. The views and opinions expressed here are solely those of authors/contributors and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move is risky, you should conduct your own research when making a decision. Bitcoin is on the cusp of mass adoption, with futures trading starting on the CBOE from 6 p.m. ET on Sunday and on the CME from December 18. After the buying frenzy of the past few days, the question in everybody's mind is whether the trading in futures will boost prices higher or will the short sellers use the opportunity to sink prices lower. This is an unprecedented event; hence, it is very difficult to forecast the final outcome. Nevertheless, the volatility is likely to remain high in the first few hours and days of futures trading , as both the bulls and the bears slug it out at the CBOE. While the intraday traders can use the opportunity to profit from the volatility, it will be a difficult time for the investors. Additionally, how will the trading in Bitcoin affect the altcoins? Will it be bullish or will bitcoin garner all the attention? We will get the answers next week. Until I get a clear picture, I will not recommend any trading positions at the moment. The momentum in Bitcoin pierced through the critical Fibonacci resistance levels. It hit a high of $17237.44 , well above the levels where I had advocated booking profits in my previous analysis . After three large range days, the digital currency is forming an inside day candlestick pattern. I believe that the first few hours of futures trading are likely to be very volatile. It is difficult to predict, which way will the prices move 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 And The Rise Of The Price Of An Ether

Ethereum And The Rise Of The Price Of An Ether

Ethereum And The Rise Of The Price Of An Ether {{article.article.images.featured.caption}} Opinions expressed by Forbes Contributors are their own. The author is a Forbes contributor. The opinions expressed are those of the writer. This story appears in the {{article.article.magazine.pretty_date}} issue of {{article.article.magazine.pubName}}. Subscribe The Ethereum virtual currency logo is displayed on an automated teller machine (ATM) at the Coin Trader bitcoin retail store in Tokyo, Japan, on Wednesday, Aug. 30, 2017. The value of Ethereums currrency is increasing alongside Bitcoin and Litecoin, and the price of one Ether is currently at a high of $625.25 USD, according to CoinMarketCap, despite the CryptoKitties drama. 2018 will welcome a range of regulatory requirements and financial institutions are launching new products on the blockchain in order to simplify compliance, and this is where the Ethereum blockchain is becoming increasingly popular. A project named the Massive Autonomous Distributed Reconciliation program (Madrec) was announced this week and will be led by UBS with involvement from Barclays, Credit Suisse, KBC, SIX and Thomson Reuters. For a while now, financial news has been dispersed with updates of how banks are experimenting with cryptocurrencies and this announcement is one of the most recent, after Bitcoin futures began trading. Unlike Bitcoin, however, Ethereum has always been spoken about in a more positive way and has become the second largest digital currency in two years. After being launched in 2015, the value of Ethereums currency, otherwise known as Ether, has increased by more than 6,800% since the start of the year, according to The Telegraph. With Ether being the third most valuable digital currency and the virtual currency with the Continue reading >>

Ethereum Price Forecast December 1, 2017, Technical Analysis

Ethereum Price Forecast December 1, 2017, Technical Analysis

ethereum price forecast december 1 2017 technical analysis Ethereum Price Forecast December 1, 2017, Technical Analysis Ethereum struggle just as Bitcoin did during the Thursday session, and we have lost roughly 16% over the last couple of days. That being the case, I think you need to be very careful. Ethereum fell again during the trading session on Thursday, reaching as low as $390. The $400 level offered a bit of support and the range as you can see has held the significantly. We have bounced $25 from there, but given enough time I think its only a matter of time before we roll over again. If we did break above the $460 level, then I think the market probably goes higher. Its not until then that I am comfortable buying this market, because quite frankly Bitcoin looks as if it is still likely to find some selling pressure. In general, the markets will continue to look at lower levels, perhaps down to the $370 level underneath. That level is much more supportive, and could be a place where we form a bit of a base. I think that the psychological troubles of breaking above the $500 level could continue to be an issue for the market as this type of vicious selloff will have scared a lot of traders. Adding more fuel to the fire is that Coinbase added 300,000 accounts over the last weekend, and this will have a broad a lot of fresh and nervous money into the marketplace. Imagine putting money into the market 3 days ago, to see it rally 10%, and then roll over another 20%. It doesnt take much imagination to figure that a lot of that fresh money is extraordinarily angry right now, and probably fearful. In other words, selling. I think the damage of the last couple of days will be long reaching, and crypto currencies may have just blown a nice opportunity to pick up more fai Continue reading >>

Ripple Price 2018: Why Is It Rising? Should You Buy Ripple Instead Of Bitcoin?

Ripple Price 2018: Why Is It Rising? Should You Buy Ripple Instead Of Bitcoin?

Ripple price 2018: XRP has surged since the start of the year Ripple was founded in 2012 with the aim of helping banks and businesses seamlessly send money all over the world. People feel comfortable with its name and the technology behind Ripple Trevor Koverko, CEO of blockchain platform Polymath The Ripple Network allows transactions to be processed and completed in seconds, where a standard bank might take days. The service also charges an extremely low transaction fee for cross-border payments (0.00001XRP) compared to banks. In November 2017, US banking giant American Express announced that it will be partnering with Ripple to send money across the Atlantic to the UK. The deal thrust Ripple into the mainstream and helped establish it as a reliable financial source. JPMorgan Chase head Jamie Dimon is one of Bitcoin's harshest critics Should you buy Ripple instead of Bitcoin? While Ripple has dramatically increased in value in the past 12 months, it remains to be seen whether the prices will hold in the long term. XRP has picked up a lot of momentum since securing the American Express partnership and has since struck deals with Santander and the Swiss UBS. However, it is nowhere near as valuable as bitcoin, which still sat at $16,750 (12,343) at 3.20pm on Sunday, according to CoinMarketCap. Critics have also questioned the fact that, unlike bitcoin, XRP tokens are not mined. The tokens creators instead have full control over the token all 100 billion of them. Stephen Powaga, head of research at investment firm Blockchain Momentum, argued that this could be cause for concern in regards to inflation. Ripples team can release up to one billion tokens a month. Ripple price news: Ripple is now the second largest cryptocurrency after bitcoin He said: "It's somewhat concern 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 >>

Ethereum Price Is Up 2,000% This Year. Here's Why

Ethereum Price Is Up 2,000% This Year. Here's Why

Bitcoin has more than doubled in price this year alone, but it has been outperformed by its closest rival Ether, which is up over 2,300 percent. On January 1, bitcoin was trading at the day's high of $1,003.25. On Wednesday, it broke through the $2,300 barrier for the first time to hit a fresh record high of $2,377.32, according to CoinDesk, marking a year-to-date rise of 137 percent. To find out what's driving bitcoin's rally, read more here . Meanwhile, bullishness around bitcoin has stoked appetite for other cryptocurrencies. One in particular known as ether is getting traction. Ether has risen from $8.24 on January 1, to a high of $203.30, according to data from Coinmarketcap.com. This represents a 2,367 percent rise year-to-date. Ether runs on an underlying technology called Ethereum, which is a different blockchain to the one that underpins bitcoin. While ether does have digital "coins" like bitcoin, companies are more focused on how the Ethereum blockchain could be used in real-world applications. Ethereum has been designed to support so-called smart contract applications. A smart contract is a computer program that can automatically execute the terms of a contract when certain conditions are met, potentially taking a lot of the human involvement out of completing a deal. Barclays for example, have used a form of this technology to trade derivatives. Firstly, Ethereum is a lot younger having only been started in 2014, whereas bitcoin began in 2009. Ether's market cap is at $18.6 billion versus bitcoin's $39.2 billion, according to Coinmarketcap.com. Ethereum is also focused on smart contracts , while bitcoin is very much about payment technology. While bitcoin has been getting support from certain governments and investors, the Ethereum blockchain has been backe 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 >>

Ethereum Price Analysis December 5, 2017, Technical Analysis

Ethereum Price Analysis December 5, 2017, Technical Analysis

ethereum price analysis december 5 2017 technical analysis Ethereum Price Analysis December 5, 2017, Technical Analysis Ethereum continues to be volatile, as all crypto currencies are lately. However, the most important level on this chart could be the $500 handle, which add to this point has been very stubborn. Over the last several sessions, we have seen Ethereum use the $450 level as support, and I suspect that there is a certain amount of interest in this market as we have recently hit an all-time high at a large, round, psychologically significant number in the form of $500. Because of this, I believe that we are trying to build up enough momentum to finally break out above that level. We do need some type of help from the Bitcoin market though, which has been struggling as of late to hang on to gains. We have seen massive swings in momentum, and that, of course, has a lot to do with what we see in the form of confidence. I think confidence might be a bit shaken in the cryptocurrency world right now, as so much of the money is essentially new retail money. I think that buying slowly is probably the best advice that an analyst can give a retail trader, because there is going to be a lot of money chasing the rally, and some of that money is institutional money. Ethereum is a bit different than Bitcoin, because Bitcoin is starting to attract futures traders in the near term, and that, of course, attracts a lot of big money. Ethereum does not have this benefit, but I suspect that if and when the Bitcoin market stabilizes, Ethereum will then get a futures contract. If we break down below the $450 level, its very likely that we will go down to the $420 level after that. We have seen a bit of support in that area and certainly would see quite a bit of support at the $400 Continue reading >>

Ethereum Price Forecast December 6, 2017, Technical Analysis

Ethereum Price Forecast December 6, 2017, Technical Analysis

ethereum price forecast december 6 2017 technical analysis Ethereum Price Forecast December 6, 2017, Technical Analysis Ethereum continues to be flat in general, but we are in a nice trading range, giving us an opportunity to play a range bound system. Ethereum continues to go sideways in general, as we have found a certain amount of support near the $450 level that extends down to at least the $440 level for what I see. The Stochastic Oscillator on the hourly chart is starting to cross over in the oversold condition, and therefore I think that its likely that we could bounce in rally towards the $470 level above, perhaps even the $480 level after that. Ethereum is in a longer-term uptrend obviously, as most cryptocurrencies are. However, it unlike the Bitcoin market did not break above the massive psychological resistance barrier. In Ethereum markets, it was the $500 handle. And Bitcoin it was the $10,000 handle, which it has blown through. Ethereum is a laggard in this sense. Ultimately, if we were to break down below the $440 level, we should then go down to the $400 level next which is massively supportive. A breakdown below there could lead to something rather catastrophic, butcurrently, it looks as if the market is simply biding its time, trying to build up enough momentum to finally break out to the upside. A move above the $500 level would be an explosivemoveto the upside and should be a buy-and-hold situation just waiting to happen. The volatility continues to be an issue, so adding slowly is probably the best way to go, and withthis, inmind, its likely that we will continue to see buyers take advantage of these dips as it gives you an opportunity to pick up thecryptocurrencyon the cheap. Eventually, I anticipate that we will see the buyers return. Continue reading >>

Price Analysis, Dec 06: Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin, Dash

Price Analysis, Dec 06: Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin, Dash

Price Analysis, Dec 06: Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin, Dash Dash is in the treadline, Bitcoin Cash is losing it. See what else. The views and opinions expressed here are solely those of authors/contributors and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. When the price rallies unabated and seems to be able to reach the moon, we can be certain that a short-term top is around the corner. Can I pinpoint the top? No! Can the market continue higher and make me look like a fool? Yes, it certainly can! However, cashing in profits, especially after such a vertical run is a good strategy. I believe, it is time for Bitcoin investors to start booking partial profits on their investment positions. They will get ample opportunities to re-establish long positions at lower levels when the correction starts. The introduction of Bitcoin futures trading in just a few days will bring forth a number of short sellers who are likely to bet against the incessant rally. For the first time, the Bitcoin bulls will be face to face with the bears, who will have the tools to short sell the cryptocurrency. It is difficult to predict whether the short sellers will force price downwards leading to a long liquidation or the bulls will force a short squeeze from the bears. Considering the uncertainty, it is wise to reduce the risk. Lets see, when should one start selling the positions. Since the low of $5450.86, on November 12 , only one strategy has worked for Bitcoin, i.e., buy and hold. Traders who purchased at the lows are sitting on about 150% profits in less than a month. However, I never anticipated such a stellar rally. I kept waiting for the dip or a 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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