Will Ethereum Reach $1,000?
The price of bitcoin has recently hit a new all-time high of over $5,850 after rallying by over 475 percent since the beginning of the year. This impressive rally also helped to boost the value of other cryptocurrencies and the biggest benefactor of this has been Ethereum. Since January 1, the price of Ethereums ether has rallied from $8 to a current price of over $340. This rally marks a 4150 percent year-to-date return on investment for ether (ETH) holders. In the past seven days alone, ether rallied by over 20 percent to hit a one-month high of $348. Ethereum is an open-source decentralized blockchain platform that allows users to run smart contracts and decentralized applications (DApps) that function exactly as programmed without the possibility of censorship, downtime, fraud or third-party interference. Ethereums cryptocurrency ether (ETH) currently has a market capitalization of over $30 billion, which makes it the largest blockchain network after the bitcoin. The main reason for Ethereums success lies in the fact that it has taken the underlying technology of bitcoin and has expanded upon it to create a new blockchain that allows users to create customized smart contracts that can be applied to a broad spectrum of commercial and non-commercial use cases ranging from securities issuance, insurance policies, and electronic voting, to royalties distribution, electric vehicle charging stations, and electronic medical records. The increase in value of Ethereum has been driven by several factors including the explosion in Ethereums use in commercial blockchain trials, the launch of the Ethereum Enterprise Alliance, the boom in initial coin offerings launched on the Ethereum network, bitcoin investors diversifying into altcoins, and increasing investor funds flowing i Continue reading >>
Ethereum Crosses Historic $1,000 Milestone
Ethereum crosses historic $1,000 milestone Ethereum, the third largest cryptocurrency by market cap, has crossed the price of $1,000 per one ETH for the first time. It's currently trading at $1,016 with a $98.3 billion market cap, according to CoinMarketCap . SEE ALSO: Ripple and Ethereum keep breaking records while Bitcoin takes a back seat Often referred to as Bitcoin's little brother, Ethereum is actually a vastly different project than Bitcoin. While Bitcoin is primarily a payment platform and a currency, Ethereum is a platform for decentralized apps. This is what makes it extremely important in the world of cryptocurrencies in 2017, there have been hundreds of projects that raised funds using the Ethereum platform, and many more are lined up. As always, it's nearly impossible to pinpoint the exact reasons behind this latest price increase. On Dec. 31, Ethereum's development team launched the test network for Casper , a significant upgrade for Ethereum which is currently in alpha stage.Additionally, the entire cryptocurrency market has been extremely bullish in the past couple of weeks; the current market cap of all cryptocurrencies put together is at a record $767 billion. Ethereum recently lost its long-held place as the second-largest cryptocurrency to Ripple, which has had an absolutely incredible rally that started on Dec 12: From about $0.25 to the current price of $3.70 per XRP, and a market cap of $144.6 billion. The largest cryptocurrency out there is still Bitcoin, with a price of $15,027 and a market cap of $252.2 billion at time of writing. Its price dropped 1.17 percent in the last 24 hours. Disclosure: The author of this text owns, or has recently owned, a number of cryptocurrencies, including BTC and ETH. Continue reading >>
Ethereum Price Technical Analysis Eth/usd Gunning Toward $1000
Ethereum Price Technical Analysis ETH/USD Gunning Toward $1000 ETH price is surging higher and it recently moved above the $900 level against the US Dollar. There is a crucial bullish trend line forming with support at $890 on the hourly chart of ETH/USD (data feed via SimpleFX). The pair remains in a super bullish trend and it is likely to move toward $1000 in the near term. Ethereum price is gaining upside momentum against the US Dollar and Bitcoin. ETH/USD may soon make an attempt to break $1000. There were continuing gains in ETH price from the $800 swing low against the US Dollar. The price gained upside momentum and was able to move above the $850 and $860 resistance levels. The upside move was strong since the price was able to move above the $900 level. A new all-time high was formed at $946.71 from where the price started a downside correction. It recently tested the 23.6% Fib retracement level of the last upside leg from the $813 low to $946 high. On the downside, there are many support levels such as $900 and $890. There is also a crucial bullish trend line forming with support at $890 on the hourly chart of ETH/USD. The same trend line support is around the 38.2% Fib retracement level of the last upside leg from the $813 low to $946 high. Therefore, if the pair corrects lower , it will most likely find buyers around $900 and $890. On the upside, the recent high near $946 is a short term resistance. Above the mentioned $946 level, the price is likely to accelerate towards the $1000 handle. It would be interesting to see how the price reacts around $1000 and whether buyers can keep the upside momentum intact. Hourly MACD The MACD is placed nicely in the bullish zone. Hourly RSI The RSI is currently correcting lower from the 70 level. Continue reading >>
Despite Volatility, Ethereum Likely To Reach $1,000 In Near Future?
Despite Volatility, Ethereum Likely To Reach $1,000 In Near Future? While Goldman Sachs and other finance giants are starting to be bearish about Bitcoin, Ethereum may overtake it in terms of capitalization, hitting the $1000 mark. With the Bitcoin price on a roller coaster trajectory, it is not surprising that Ethereum is trailing just behind it. Recent developments suggest that it could be heading towards bearish movement, as predicted by Goldman Sachs . While Bitcoin price went down from $3,000 to $2,500, it seems likely to steady for quite a while. Subsequently, some cryptocurrency pundits predict that Ethereum is likely to overtake the Bitcoin . There are various reasons as to why investors are now shifting their attention to Ethereum. For one, Ethereum has been showing signs of it being ready to overtake Bitcoin in the near future. In his interview , CEO of Polychain Capital, Olaf Carlson Wee, said that investors are likely to see Ethereum rally against Bitcoin as early as 2018. While Bitcoin has already reached its new all-time high of $3000, discussions about Ethereum reaching up to $1000 has been making rounds . Seeing as though most investors may have already missed the rise of Bitcoin, the next cryptocurrency that is currently getting the most attention is Ethereum. Finally, autonomy is a driving factor for cryptocurrencies: taking money from financial institutions and into the hands of the individual. Since Blockchain technology solely relies on peer to peer transactions that do not have to go through traditional financial institutions, many people in Asia (particularly South Korea ) and The Middle East are taking advantage of the decentralized nature of Blockchain technology. There may be some dips that happen when the graph of Ethereum moves. Nonetheless, Continue reading >>
Here's Why Ethereum Price Will Cross $1000 Within 3 Months | Innov8tiv
Ethereum has finally broken the barrier of $300 and surged past $420 recently. Ethereum price will continue to rise and reach at least $500 by the end of 2017, according to several analysts. We also believe that Ethereum price will cross $1000 in the first half of 2018. The Ethereum community is getting stronger and united every passing day. The Ethereum rally came hard on the heels of an exciting prediction made by billionaire investor Michael Novogratz, the ex-manager of Fortress investment group. The billionaire predicted on November 21 that Ethereum will cross $500 mark in 2017. He is also bullish on Bitcoin, and thinks that Bitcoin price will surpass a whopping $10,000 mark. Novogratz is currently raising massive funds for a crypto fund. This hedge fund will buy assets related to the cryptocurrency industry. The cypto fund has raised about $500 million in assets so far. Analysts have been betting on the future of Ethereum for a long time. Several cryptocurrency experts think that Etherum will surpass the value of Bitcoin in the future because Ethereum is based on pure blockchain dynamics. Its more secure than Bitcoin. Ethereums market cap is about $40 billion. Reaching $1000 for Ethereum means its market cap will soar to over $80 billion. This is not impossible given the fact that the Ethereum community is increasing the production and mining of coins. Increasing supply will increase the community and hence more updates with strengthen the Ethereum base. Analysts think that the Ethereum technology can easily become the basis of Web 3.0 and its apps will of extreme usage in Internet of Things. Ethereum price will cross $1000 because there are literally thousands of developers and organizations that are working on Ethereum projects. These projects will start showing Continue reading >>
Ethereum Price Could Hit $1,000 Later Today
Things are progressing nicely in the world of Bitcoin and altcoins these days. While the Bitcoin price is still on the mend, most altcoins are solidifying their positions. Ethereum, for example, is looking toattain aUS$100 billion market capitalization in the coming weeks. Moreover, the Ethereum price has increased to over US$977, which means that reaching US$1,000 may happen sooner than expected. Ethereum Price is Close to Surpassing $1,000 We have seen a lot of fresh capital enter the cryptocurrency ecosystem throughout 2017. Although there has been a small correctionaffecting all currencies not that long ago, it seems most altcoins are unaffected by Bitcoins struggles. In fact, the Ethereum price is a good indicator of how things are evolving in the world of cryptocurrency these days. We have already seen the Ethereum price surpass US$500 and US$750 in quick succession. When such growth occurs, a correction is almost always imminent. Surprisingly, Ethereum is prettyresilient in this regard, asits value has continued to rise. With an Ethereum price of US$977.75 at the time of writing, it is evidentthat one ETH may be worth more than US$1,000 in the near future. ConsideringthatETH was worth under US$900 less than 24 hours ago, the current Ethereum price growth is nothing short of remarkable. There is a lot of bullish momentum in the world of cryptocurrencies these days, and it seems things will only intensify further. Very few currencies are overly attached to Bitcoins price momentum right now, even though theymay take a hitagainst USD when BTC drops. In the case of Ethereum, weve seen a 10.59% gainagainst USDand a 12.9% gain againstBitcoin in the past 24 hours. Thats very impressive, although reaching US$1,000 will not be easy. With over US$5.83 billion in 24-hour tr 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 >>
$1,000: Ethereum Tops Price Milestone In Market First
$1,000: Ethereum Tops Price Milestone in Market First Jan 4, 2018 at 15:15 UTC|UpdatedJan 4, 2018 at 15:20 UTC Days after hitting $900 , ethereum's native ether token, ether, has topped $1,000 for the first time in its history. After spending two days mostly below its previous high of $900, ether went on a rally Wednesday, and hit its latest milestone of $1,000 early Thursday morning, according to data from CoinDesk's Ethereum Price Chart ( EPI ). Despite the increase, however, it remains as the third largest cryptocurrency by market cap, having recently lost the second place spot to Ripple's XRP token . According to data from CoinMarketCap , XRP's lead has grown to more than $40 billion in the last day. Thursday also saw the overall cryptocurrency market cap jump past $770 billion according to CoinMarketCap , marking new highs just weeks after a correction saw the figure drop to $418 billion . The largest cryptocurrency by market cap, bitcoin, is down on the day, having dropped from its week's high of $15,393, according to CoinDesk's Bitcoin Price Index ( BPI ). Bitcoin has mostly traded sideways over the last week, with prices staying in the $13,000 to $14,000 range interrupted briefly with a drop to nearly $12,000 on Dec. 30. Bitcoin's dominance in the cryptocurrency market cap remains just below 33%, having dropped from 43% over the last week, according to CoinMarketCap. For more on ether's recent performance, view our 2017 in Review recap here. The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies . CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Continue reading >>
Ethereum Breaks New Record By Reaching $1,000 For The First Time
Ethereum tokens (ethers) have reached $1,000 on multiple major exchanges for the first time ever. This is an all-time high and the result of a multiple-day rally. The total market capitalization of ethers currently available is now $100 billion. And yet, ethers only represent around 13 percent of all cryptocurrencies out there. 2017 may have been a huge year for cryptocurrencies across the board, but one of the most important stories is that there are now many different tokens worth tens of billions of dollars when it comes to market capitalization. One ether was worth between $700 and $800 for most of the second half of December. But over the past seven days, ethers have been trading up 40 percent. Despite this incredible performance, Ripple is still the second biggest cryptocurrency by market capitalization. Somehow, Ripple has been up over 1,300 percent over the last 30 days. Ethereum has been lagging behind Ripple because of this rally. Bitcoin is becoming less and less dominant. It now represents 32.5 percent of the value of all cryptocurrencies in circulation. Disclosure: I own small amounts of various cryptocurrencies. Continue reading >>
Ethereum Breaks $1000 Ceiling For The First Time After Multi-day Rally
Ethereum Breaks $1000 Ceiling for the First Time After Multi-Day Rally Ether tokens have broken the $1000USD mark for the first time. The overall cryptocurrency market cap is now past $770 billion. Ethereum tokens (ethers) have reached an all-time high of over $1,000 USD . The record was reached on most major exchanges, the current price at the time of writing is $1,020 according to data from Coindesk. Ether is currently the third largest cryptocurrency by market cap, behind bitcoin and Ripples XRP token . Ripple has seen outrageous growth in the last year increasing in value by 1300 percent since early December. Ether currently represents about 13 percent of all cryptocurrencies , with industry leader bitcoin capturing around 32.5 percent of the current market. In 2017 bitcoin, the most recognized cryptocurrency, became a household topic after its value increased from roughly $900 USD in January 2017 to peaks of over $20,000. In the last weeks, the coin has declined in value and has been hovering around the $12,000 to $15,000 mark for the last week. If the first few days of the year are anything to go by 2018 will be the year of alternative currencies or alt-coins. Ripple: The Worlds Best Performing Cryptocurrency with a Staggering 37,000% Surge Both Ripple and Ethereum were almost unknown by investors outside the close-knit cryptocurrency community but now these underdog tokens are proving their worth. While Ripple, Ethereum, and Bitcoin are all categorized as cryptocurrencies, each one has a distinct purpose and technology to them. Ether describes itself as a blockchain app platform where transactions are used to pay for decentralized computing power. While Ripple focuses on facilitating fast, cheap transactions, through a separate but related entity called Ripple C Continue reading >>
Ethereum Hits The Important Milestone By Setting New All-time High Above $1000
Ethereum has demonstrated exponential growth in the beginning of the year: it entered 2018 with the price of about $755 and today it set its new all time high trading at $1045 at 14:59 UTC according to the data from CoinMarketCap . Ethereum is one of the main bitcoin rivals. The market cap of $100,459 million makes it the third cryptocurrency by market capitalization . Bitcoin dominates the market owning over 32% of market cap, while the result of Ethereum is less ambitious but still impressive over 13% of total market cap. However, Ethereum spent long time being closer to bitcoin. The 20th of December was not a good day for the cryptocurrency it lost its position while Ripple took the second place in the race of market capitalization. And even now the two cryptocurrencies seem to be engaged into tough rivalry. Bitcoin is off the charts, but Ripple and Ethereum are may become intriguing competitors to watch. Ripple has also hit new all time high just a few hours ago. Still, the prices of these currencies definitely vary strongly: while Ethereum manages to surpass the $1000 mark, Ripple has to settle for $3.84. Still the breakthrough of both cryptocurrencies gives food for thought. Bitcoin was the first technology that made blockchain mainstream. That is its advantage, and that may become a weak point. Ethereum co-founder Joseph Lubin said: Ether can be a more programmable money. We conceive it as a crypto fuel because it powers these programs on the world computer. Lots of world leading companies support Ethereum, for example J.P.Morgan, Mastercard, Microsoft, Cisco, etc. However, most of the rivals of Etherum can demonstrate the same long lists of sponsors. And, as for the most cryptocurrencies, it is practically impossible to get the exact reason of Ethereum rise. Lo Continue reading >>
Ethereum To Hit $1,000 In 2019 And Its Best Developers Are Millionaires: Aragon Co-founder
Ethereum to Hit $1,000 in 2019 and Its Best Developers Are Millionaires: Aragon Co-Founder Join our community of 10 000 traders on Hacked.com for just $39 per month. Luis Cuende , co-founder of Aragon , an Ethereum-powered company that raised $25 million in less than 15 minutes in a token sale, is bullish on Ethereum. He said every good Ethereum developer he knows is a millionaire since there is a gold rush to learn Ethereums coding language. Cuende also believes Ethereums price will hit $1,000 in two years. All of this bodes well for Aragon, an Ethereum-based project that seeks to build a more global world where intermediaries and borders dont limit organizations, businesses and individuals. Cuende laid out his plans for Aragon in an interview withSindre Hopland, writing in itnig.net . Aragons immediate goal is to be a decentralized transaction platform, Cuende said. There are three main user groups expected to begin using the platform in the fourth quarter. The first will be blockchain projects that use the platform to govern products. The second will be open source project users who contribute to projects and pay with the projects tokens to secure governance over the product being built. Monetization of open source has been challenging, which is what Aragon hopes to change. The third group will be distributed companies that can easily pay employees in Ethereum tokens. While Ethereums value has soared this year, Cuende doesnt think its costly. When the price was $13 a year back, he thought it was expensive, but today, considering the possibilities the technology creates, he thinks it is cheap. Cryptos are not in a bubble in his view since they remain a small portion of the world economy. In addition, cryptos have not realized their potential yet. One Aragon token, AN Continue reading >>
Ethereum Hitting $1,000 May Take Several Years
Ethereum Hitting $1,000 May Take Several Years At the beginning of July, Luis Cuende, co-founder of Aragon, said that while Ethereums value will remain around $260 in the short-term, in the long run, it could hit $1,000. When, though, is this likely to take place? At present, ether is trading at $307, according to CoinMarketCap. When you compare it to bitcoins value, it pales in comparison. Granted, Bitcoin has been around for nine years and Ethereum is still scratching the surface of its potential, having only been around for two years. During 2015 and the beginning of 2016, ethers price didnt rise any higher than $2.50. It was only in February 2016 that its value started rising, climbing up to over $14 in March. It then dropped in April before rallying back in May before falling in the middle of June after nearing the $20 mark. For the remainder of 2016 and the start of 2017 ethers value continued in the low-teens. Fast-forward to March 2017 and the tables appear to be turning for the second-placed digital currency. Yet, even though it has made significant headway in 2017, ethers price seems to have reached a point where it is stuck floating around $300. Despite this, however, Cuende is one individual who is confident in where Ethereum is heading. So much so, that he believes it will hit the $1,000 mark by 2019. Ethereum and initial coin offerings (ICO), with many of them tied to the Ethereum network, are growing at a fast rate. As a result, with many companies investing in the Ethereum network its value is increasing. According to financial research firm Autonomous Next, token sales have raised $3.04 billion, so far, this year. Earlier this month, it was reported that Overstocks majority-owned subsidiary tZero plans to raise up to $500 million in an ICO , in what wi Continue reading >>
Could Ethereum Reach $3,000 By The End Of 2018?
Could Ethereum reach $3,000 by the end of 2018? Nobody has any idea of the evolution of the price of Ethereum. Personally, I think Ethereum is the cryptocurrency with the most potential. And $3k in 2018 years is possible. Smart contracts are a true killer feature. Something that can change the world. Nobody has any idea of all the possible applications of a such disruptive technology. We have seen p2p loans, digital decentralized autonomous organization (DAO), and ICOs, but it is only the beginning. Currently Ethereum is number 2, but one day it will be number 1. Because from a technological perspective it is far more superior. Factors that affect the ups and downs for any cryptocurrency : Energy put in in the form of electricity to secure the blockchain. The utility of the currency, and how easy it is to use and store. The Price of an Ether Might Break the $1000 Benchmark According to the website Investing Haven, the price of an Ether should reach $1000 , if not by 2018 then at least by 2020. That is a very optimistic Ethereum price prediction for 2018, considering their currencys fluctuation. The sites research team bases their forecast on three fundamental factors: a. The current and future supply of Ethers There are currently 92 million coins of Ether in circulation. Although this number is likely to increase over the next couple of years, it will probably flatline after that. Which means that the developers in charge of Ethereum will make sure that the number of circulating coins stays constant. The edge Ether has over Bitcoin is the ability to use smart contracts. These are contracts that are automatically executed without any human intervention the instant their terms are met. However, Ethereum also permits developers to build decentralized apps, also known as d Continue reading >>
Will Ethereum Hit $1000 Soon?
Quote from: johnsaributua on December 03, 2017, 01:55:03 AM hmmm i think it's quite difficult ethereum can break $ 1000 in quick time. as long as there is still a bitcoin fork issue, chances are that traders will stay focused on bitcoin hunting. unless the bitcoin price break 25k USD/BTC and the ethereum price is stable at 0.04 - 0.05 BTC/ETH. or when the issue of bitcoin fork has weakened, the possibility of the trader will aim at ethereum. no its not really that difficult for etherium to reach that small amount value. if you look at the market chart of etherium thesedays it is still rising from time to time and i could expect that it can reach again a new all time high by the end of the week and sooner or later it can hit and break the $1000 dollar barrier. also keep in mind that etherium is mainly a long term investment therfor you cant possibly expect fast and quick price surge like bitcoin. I still think that ETH will be having a difficult time to hit $1000 soon because investors are not really persuaded to invest in this coin. Although ETH is being fueled by ICO's, I don't think this is enough to push the price to the 4 digit barrier. I would love to see ETH get to it, however, I have doubts about it. Specially that ETH has a bumpy road after it reaches its all-time-high last June. After that people lost their enthusiasm after getting there. And now with the renewed interest once more, I assumed that it will go to the same motion again. It will take like a year for ETH to double its current price in my opinion. Quote from: DrYM on December 03, 2017, 08:45:14 AM There's no doubt in my mind that Ethereum will hit $1000, I'm not entirely sure about the "soon" part, but it will definitely get there. In my opinion this is something that we'll be able to see in 2018, m Continue reading >>