Ethereum hits the record high
Ethereum hits the record high and it is now over 5000% since the start. The price now is around 407.10 USD. Now Ether is the second-largest cryptocurrency by market capitalization.Ethereum is often used as shorthand for the digital currency and it runs on ethereum block chain that underpins the digital coin..There are serveral reasons that could lead the price of ethereum rise.First if all is the invovlement of Microsoft and JPMorgan in the group called the Enterprise Ethereum Alliance which links the large organization to technology vendor to have block chains project.Second, cryptocurrency has a new way called Initial coin offerings to raise money. Third, Singerpore's government released a report that it planed to digitalize a national currency using ethereum blockchain technology. Those news show that cryptocurrency is a trend and ethereum is a reliable technology for some countries to digitalize their own currency.Therefore, I think ethereum will continue to rise and it may hit 600USD within serveral months.
With the crazy prices, people really need to keep in mind the state of the project. Check out my post below for some reasonable discussion of the price.
https://steemit.com/ethereum/@kyle.anderson/step-back-elephant-in-the-room-it-s-time-to-talk-about-the-price
ETH will definitely go to $1,000, maybe by the end of 2017. I see ETH going to $5,000-$10,000 in the next 5 years. If ETH goes to 5 trillion dollar market cap, the price will be at $50,000 a coin. That is assuming they keep the supply at 98 billion. Considering the stock market, gold market and fiat market are all 80+ trillion dollar markets each, I think ETH, a world currency supercomputer that will change all life as we know it, can pick up A LOT of that money.
A market cap of $5 trillion ... Now there's a thought
I think you should read my post below. ETH certainly can get very expensive. Might like some reason regarding the state of the project.
https://steemit.com/ethereum/@kyle.anderson/step-back-elephant-in-the-room-it-s-time-to-talk-about-the-price
Sorry but the masses dont deal in "reason". Im a trader, I trade human emotions.
Lol I think this gives those emotions enough consideration. You might enjoy some insight into the project if you are trading on those 5 year timeframes you reference.
Hi Ercpok,
When do you think we're going to see the flippening? Win 10 STEEM :) my link below:
https://steemit.com/ethereum/@steemthenews/the-flippening-is-comming-let-s-predict-the-flippening-date-and-win-10-steem
Followed Back and Resteemed!
It really is hard to believe, I remember Ethereum at $12. I recognised the value of the tech back then but, I sold out too early. I can see a $500 ether within the next two months and most likely without any bad news, $1000 by the end of 2017.
Ether is still undervalued. Its going to increase in prize in no time. I will join the train if i were you
I guess you can join anyway haha
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Is there a relation to > ETH rise > BTC fall?