If you haven't heard, Ethereum has gone up 20% within the last day and has had higher trading volume then bitcoin. Within the next day or two, it is very possible that bitcoin could lose it's number one spot.
One reason for the price increase in Ethereum is Okcoin, one of the worlds biggest exchanges, is now adding Ethereum to be traded. This could be that Ethereum gets dangerously close to Bitcoin's market cap. My guess is if they get within 5 billion, bitcoin users are going to start selling bitcoin and hop to Ethereum.
Now, looking in the future, Japan has implemented 100,000+ bitcoin payment systems and is looking to be 400,000+ in the near future. Because of this, Bitcoin and Ethereum are going to be close competitors for the number one spot.
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Such an interesting time to be involved in crypto-currencies. We are living through and witnessing an historic change. Huobi is another Chinese exchange that will add Ethereum trading on Wednesday. I'm starting to think those Ethereum based tokens are going to have a rally as well. You mention Japan in your article, and another currency I would watch is MONA.
http://cryptocoin.cc/table.php?cryptocoin=monacoin
https://www.cryptocoinsnews.com/chinese-big-3-bitcoin-exchange-huobi-launches-ethereum-trading/
this is huge, if ethereum can keep up with Bitcoins trading volume it is just a matter of time before we can close the gap on Bitcoins market cap and it can be done. Just a few endorsements from the big giants in the ETH enterprise alliance can play a significant role in growing Ethereum. Lets go!
I wanted your predictions to come true for eth.. thanks for the analysis.
@cryptowallet I agree... this is significant. I posted a similar article about 16 hours ago in the very early hours of the day, for us living in the USA.
Most cryptos are in the RED today, while Ethereum is STEEMING Higher !!!
UpVoted & Following for 4 days now... Thanks for Your post !!
hold both --- ETH has and will explode as a major chines exchange is picking up ETH tonight (or 4 am EST on 5/31)
Ethereum is also being added to Huobi tomorrow. Get some while you can today while it's only at $228
I'm holding these two for sure
Yea the applicability of Ethereum is going to give Bitcoin a run for its money very soon...
the race is on
The world myself included is underestimating what is going to happen!!!!
So Excited!! It's going to be a game changer!!
thanks for sharing
Damn, I'm sorely tempted again. And to think we traded Ethereum for Ripple a while back.
When does OKCoin open for ETH?
What's different about ethereum from the other alt coins?
My main concern with Ethereum is that it does not have coin supply cap.
Upvoted!
I have both and it's like having the two best horses in a race, this is exciting !
Im gonna mine the sh*t out of it!!
I don't know about overtaking BTC in a day or two but ETH is definitely rising up and fast. Was surprised to see the volume for ETH overtaking BTC about 2 hours ago.
I have been saying this for a while look at all the ICO's
and all the companies that want to work with ETH
Damn I wanted it when it was 70.00 a few weeks ago!!! Figured this was just a price hike and would correct back... boy was I wrong.
I've told many people about ether taking off, just was a pain trying to buy it, only source i have is coinbase... lots of bad reviews, and a few others with not so great reviews... wish I just bit the bullet, I may just have to go thru coinbase....
Try JAXX, coinbase sucks.
Interesting and true. Ethereum is a loose cannon and currently, there's no bad time to buy as it continues to rise. Thank you for sharing.
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Solid post. I was about to start a similair discussion. The price of a coin should depend on the quality of the product, the team behind it, if proffesional investors believe in it, and a lot more facets. Do you know this interesting site? https://www.coincheckup.com They seem to give this complete indepth analysis of all cryptocoins. For example: https://www.coincheckup.com/coins/Ethereum#analysis To check Ethereum Investment and research analysis.