Ethereum vs Ripple for 2nd place? 2018 will be interesting
I've been looking at charts which is not something I do very often these days but the Ethereum chart looks very exciting. In fact, it is ahead of schedule in terms of where I predicted it would be but not far off. I still hold to my prediction that Ethereum will be over $10,000 before the end of this year, which would mean 1 trillion dollar market cap. This is if crypto keeps growing unopposed and Ethereum simply holds onto it's current momentum. If Casper is a success we may see this happen and a lot of speculation right now is in my opinion based on the fact that Ethereum is converting to Proof of Stake and the initial tests have been successful from a technical perspective.
Ethereum vs Ripple
Ethereum and Ripple had this similar battle in 2017 when they both had big run ups. Now we are seeing a similar chain of events but in this time I think Ethereum is moving up based on it's future potential while Ripple I think was more pump and dump. Again we cannot predict these things and I offer no investment advice but the Ripple technology does not seem to have been advancing and evolving at the rate of Ethereum. If we take the rate of evolution of a technology as a metric and look at how quickly it is being improved on then Ethereum looks very very good.
Prediction, Ethereum will reach $2000 within the next week
And my prediction is that Ethereum is headed to $2000 in the immediate time frame. The medium time frame is less clear as I expect there to be a period of consolidation after peaking slightly above $2000 such as $2200. This period could result in a crash in price back to $1000 or it could move sideways but eventually we will see over $5000. The time frame for that could be late spring to early summer, or it could be in mid summer, all depending on the rate of speed which the Ethereum team can solve their scaling issues and implement Proof of Stake.
- The rate of price rise in Ethereum I predict is going to be correlated with the rate of improvement on issues of scalability and proof of stake
- The overall price of Ethereum at the end of the year will in my opinion depend on the size of the total market cap for all crypto which means in a possible percentage correlation with the overall crypto market cap. If the total market cap rises into say 3 trillion then we could see Ethereum reach $900 and if it goes to 4-5 trillion then we could see $10,000+, all depending on the bullishness of the market.
- Ripple I do not have the research to say for sure but if they cannot keep up with the rate of improvement of Ethereum then their price is not justified and as a result will at some point crash. I try to find out where demand for XRP is to come from and cannot find it.
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I think Ripple is better then Ethereum and lead the market in 2018. #BITCOIN price could soon be threatened by the growing cryptocurrency Ethereum as co-founder Steven Nerayoff predicts his creation will triple in value by the end of the year. Source (https://www.express.co.uk/finance/city/902113/Bitcoin-price-news-update-Ethereum-Ripple-Bitconnect-Binance-cryptocurrency-latest)
I am not so experienced at cryptocurrency and your posts are very helpful for me to get some knowledge, thank you for sharing them and your wise advice @dana-edwards! I wish you a great day.
Always remember, don't consider any of my posts to be financial advice. Always seek advice from professionals as necessary before making decisions of this nature. Now that this is out of the way, I will continue trying to share my knowledge, my predictions on what I think will happen, and some of what I am doing to grow my wealth.
Thank you so much @dana-edwards, I have always appreciated that your aim is not only to grow your own wealth but you always have been generous to share everything you know with other people, you always help everybody with wise advice because you care also about others, thank you once more for your support.
I feel like ETH has more potential than ripple but the crypto wars have begun , may the best take it all
i think EOS has potential to kill etherium ... what do you think?
I don't really understand why people are going crazy over ripple, at least compared with Ethereum and other options.
Perhaps people see the price and think it's a good value without looking at the market cap.
Or perhaps it's due to big money support.
Either way, it's going to be a big year for many altcoins! And before the years up, we may have to throw the 'altcoin' term out the window
@dana-edwards - I had my doubts about XRP due to their being close to the conventional banks. XRP value may be due to hype or due to manipulations by conventional banking cartel. I agree with your assessment that proof of stake implementation will make Etherium grow far faster. Thanks for this heads up. Upvoted full through Steemfollower
Regards,
@vm2904
ETH is just crushing XRP! 😂
Anything can happen in the short term, but I have doubts about these two coins over the long term.
In the case of Ripple, it has done great in recent weeks, but I don't trust it at all. It's too centralized, too many coins were pre-mined and handed to the insiders and there are way too many coins outstanding overall. I think the valuation has gotten ahead of itself.
Ethereum is a bedrock coin, a core holding for many, and I respect the development team. However, it currently does not have the ability to handle an enterprise level application. Recently, the Cryptokitties application by itself was able to slow the network down. I know improvements are being made to increase the network's speed, but the jury is still out. If it takes a few years to do that, there is is real risk Ethereum might be left behind because of how quickly things move in this space. $EOS is a coin to keep your eye on.
Very interesting to talk about ethereum; specially when the price rise up rapidly, in my opinion ETHEREUM is getting its value according to its difficulty of mining. As I can say $1000 it's a reasonable price for miners today, however in the future difficulty will increase and the price will increase though. That's if we reach to $2000 it's not a problem to go back to 1500 but I don't see it will go back to 1000 or less .
Ripple Will play a main role in 2018 trading prices, as I could guarantee that Ripple team is doing a great job and I can see more banks around the world are joining ripple network. Consequently I believe Ripple will have a bright future.
Very interesting post @dana-edwards, Upvoted.
The XRP sell of opend new door for Ethereum. While Investors were concerned about market over valuation of ripple. Ethereum became 2nd Bigest cryptocurrency in the market. Unless there is any risk aversion we can expect further advancements. Ethereum hit all time high $ 1400. Lets see what is the next level. Cheers...@kingjan