Bitcoin is Boring, Ethereum is a New Hype: Experts Prediction for 2018

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Seems that Ethereum is the second-largest cryptocurrency again. After unstable Bitcoin price users paid more attention to Ethereum currency. And the price of Ethereum hit an all-time high of $1,417.38 on Wednesday, according to CoinDesk.

Nexter explains what is Ethereum and is it worth investing.

Ethereum-price-record-predictions-photo

What’s Ethereum?

As Nexter reported before, Ethereum (or Ether) was released in mid-2015 as an alternative to Bitcoin. Till now, it’s the main bitcoin corrival.

The key difference between them is that bitcoin has the hard limit of 21 million coins will ever exist, while the amount of Ether is not limited.

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.

Many see it as a cryptocurrency with a real-world use because of large companies that are experimenting with the technology.

Ether is going up

The new year brings new prices. Thus, digital currency owners and experts observing a sudden value rise. Ethereum has crossed historic $1,000 milestone as its price is $1 363,42 (at the time of writing this article). It had even set a new record with $1,417.38 per coin. With such new figures Ethereum is up over 13,000 percent in the last year.

The reason and 2018 predictions

Of course, it’s impossible to say what has caused value rally for cryptocurrencies. But there are some experts theories and comments:

“Ether’s price rally is a testament to the growing popularity of Ethereum as a platform for decentralized applications. 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,” Thomas Glucksmann, head of APAC business development for cryptocurrency exchange Gatecoin, told CNBC by email.

Steven Nerayoff, one of its co-creators said the increasing number of projects built on the Ethereum blockchain could trigger a so-called “flippening” in 2018, leading the digital coin to overtake bitcoin. Flippening refers to investors putting money into alternative cryptocurrencies.

Nerayoff told CNBC on Monday that the price of Eethereum could “easily” double or triple by the end of the year.

But many have also sounded the alarm about the cryptocurrency market. Another Ethereum co-founder Charles Hoskinson told CNBC on Tuesday that the cryptocurrency market will see a “crash” and then consolidation.

Noted Wall Street bear Davis Stockman, Ronald Reagan’s former director of the Office of Management, also responded that the cryptocurrency boom will end disastrously.

“It’s basically a class of really stupid speculators who have convinced themselves that trees grow to the sky,” he said in an interview earlier this month.

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Bitcoin is Boring, Ethereum is a New Hype: Experts Prediction for 2018
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Bitcoin is Boring, Ethereum is a New Hype: Experts Prediction for 2018
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Seems that Ethereum is the second-largest cryptocurrency again. After unstable Bitcoin price users paid more attention to Ethereum currency. And the price of Ethereum hit an all-time high of $1,417.38 on Wednesday, according to CoinDesk.
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