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Ethereum Prediction 2018

Discussion in 'Investing/Trading/Cryptocurrency/Altcoins' started by radha00027, Jan 5, 2018.

  1. radha00027
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    radha00027 PARKED

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    Ethereum-based applications were one of the biggest factors behind Ethereum's meteoric rise in 2017, and this is set to continue into 2018. Ethereum is 2nd highest market cap holder following step foots of Bitcoin now after setting all time high record by crossing $800 USD now heading towards setting new mark of crossing $1000 USD in end of December 2017. Since last few days Ethereum is showing steady growth ratio with nearly 15% per day peak, now if this percentage continue till end of month then surely Ethereum will cross $1000 ($1027 USD) in per coin price in 2018.

    Some analysts have claimed that the price of Ethereum will increase in accordance with the number of applications based on the cryptocurrency and which are released on the market. Some researchers said that in 2018 and 2019, there will be a 10 times increase when it comes to the number of Ethereum based applications.

    Another important aspect why Ethereum is believed to continue to grow in 2018 is linked to the fact that its technology is always improving to meet the demand. There were reportedly revealed some plans to make some big updates to Ethereum in 2018 to improve its technology.

    However, maybe one of the main questions on the lips of many investors is if Ethereum will ever be able to reach the value of bitcoin. For the moment, the difference is too high for predictions to be made on this aspect. While Ethereum is valued at $994, with a market cap of around $96.2 billion, bitcoin is valued at $15,200, with a market cap of $255.7 billion.

    Analysts believe that Ethereum's potential to grow in 2018 is huge, but if it wants to compete with bitcoin it has to make sure that there will be no incidents that will make the platform go down. Furthermore, it has to make sure that the number of applications based on Ethereum continue to grow and at a higher pace than in 2017.

    Source: ETH USD Chart | Ethereum to US Dollar Live Price
     
  2. ernesto50
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    ernesto50 New Contributor

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    That is correct in theory, but the problem I see with Ethereum currently is that there is no actual application that uses Ethereum as a backend in a big fashion. Sure it's the developer's favorite platform in the west and it seems like it has great support from the developer community but right now it does not live up to the hype, yet.

    However, I definitely believe that the real killer applications are currently being developed in some garage by 2-3 people working day and night to revolutionize the world. That is what I'm really excited about.

    Comparably to Ethereum there is also NEO, which some label as the "Chinese Ethereum". It has recently risen from around 20-30 to over 180 USD (and currently holds strong >100 USD). Interestingly the reason for the rise is pretty similar: A lot of ICOs with interesting real-world applications are launching on the platform: APEX, RedPulse, QLink, Fortuna et al are all NEO ICOs that have gathered a lot of hype. If this ICO hype is continuing there is a great chance that the NEO price will go up as well, similar to the one of Ethereum.
     

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