Ethereum is a decentralized platform for applications. It is powered by Ether - a cryptocurrency, which is in turn powered by the Blockchain technology. Applications are built with the use of smart contracts - computer algorithms which execute themselves, based on incoming data from the network. The self-fulfilling nature of such applications allows them to run without reliability issues associated with human operators. Etherium is growing big. A little too big actually. Within 7 months, the etherium price went from $18 per coin to a jaw dropping $400 per coin. Now it has levelled off and stabilised at $200 per coin.
According to leading traders, Etherium is set to overtake Bitcoin as the flagship cryptocurrency and reach a medium $x,xxx amount per coin.
Already, there are major multi billion dollar companies that are choosing Etherium over bitcoin.
Source: https://cointelegraph.com/news/sofi-ceo-picks-ethereum-over-bitcoin
There have been scares recently due to a major loss in market share when a major stock holder of Etherium made a big sale which dropped the price of Etherium to a measly $13 per coin but the cryptocurrency quickly rebounded and hit a stable level.
Over the next couple of years, it is said that Etherium will hit $4,000+ per coin which is double bitcoins current price per coin.
Bitcoin has been growing slowly now due to less innovations while Etherium is picking up a lot of smart contracts with major league organisations.
What do you think about the price of Etherium? Will it hit $4,000+ or will it fail?
Comment below.
Nice analysis. I am buying ethereum at the current discounted levels. I would not be surprised to see further pullbacks. I will continue to be on any weakness. Investing in cryptocurrencies is a longterm play for my portfolio. Would love to see a major crash. All the fickle hands will fold.
BTC will always be the #1 placeholder, just about all she is good for at given it's age. A damn fine place holder
This is great news @dailyworldnews, atleast it is low enough for regular folks to afford it and hold it
100%. Most people stopped paying attention once it reached $400 because they believed it was reaching a peak. However, due to many smart contracts and big businesses choosing Etherium, there's a massive likelihood of them reaching $1000+ within the next couple of months and will skyrocket to $4.000 per coin in the next couple of years.
Now would be the best time to get involved because once it is gone, it's gone.