Bitcoin will reach $ 29,000 by the end of the year, while the price of Ethereum will triple

in #cryptocurrency7 years ago (edited)


According to a report by the South China Morning Post, a survey conducted by the Consumer Products and Finder Finder site examined nine polykines in the industry for price developments for 12 digital currencies.

Interestingly, the data has found that Etherrium receives the largest increase in market value, which reached 212%, followed by Bitcoin by 194%. In particular, Bitcoin will test the biggest price jump of 123%. By the end of the year, Bitcoin is expected to rise to $ 29,000, while Bitcoin will see cash rise to 2,721, with Etherium occupying third place with $ 2,550.

Bitcoin is currently trading at $ 10,062, Ethereum at $ 767, and Bitcoin Cash at $ 1096, as seen in the current market according to sources. It is therefore expected to increase the market capitalization with the fact that more investors are buying the Ether in anticipation of good sales in the future. According to senior investors in the market, they believe that Etherrium is a "blockchain network that will move everyone to it," according to the newspaper referred to at the beginning of the article.

Kevin Lo, head of strategy and founder and president of CryptAM, a digital asset manager that provides funding to invest in digital currencies for customers outside the city, believes that Etherium has a bright future. But, just as Bitcoin is struggling with scaling problems, he says Ethereum may face similar problems in the medium term, adding:

"As in November 2017, Etherreum has seen a new obsession with Crypto Kitties, an electronic game that allows players to buy and generate digital pets, slowing down the network. He also highlighted one of Blockchain's challenges - a reduction of "

However, many believe that scalability or scalability problems will be solved as users and developers continue to work tirelessly on the Ethereum Blockchain.

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Nice article!
I personally through fibonacci levels think it could hit 50k this year, which would be big for crypto!:D