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.
Shifting attention
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 $1000 has been making rounds. Seeing as though most investors may have already missed the rise of Bitcoin, the next cryptocurrency that is currently getting the most attention is Ethereum.
Read more: https://cointelegraph.com/news/despite-volatility-ethereum-likely-to-reach-1000-in-near-future
That flash crash in ETH is BS!
Not buying into that 💩
But I gotta find how I'm gonna become a MILLIONAIRE...What do I buy?
In near future EOS to reach 1000$. Ethereum has scalability problems.
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