Ethereum price target 2018 reddit

The smart contracts have been programmed to act as a sort of trophy, proving ownership. This is unique in the world of digital technologies, as it allows the owner of the said trophy to transfer ownership using the smart contract via the Ethereum blockchain. The technology is also used to apply ownership rights to other one-of-a-kind tokens, called non-fungible tokens, or NFTs.

Development was entirely funded by a crowd sale, that resulted in 72 million pre-mined coins reaching the hands of long-term holders. Ethereum was later split into two separate blockchains, resulting in the new version becoming the true Ethereum with the ETH coin ticker, while the original blockchain continued on as Ethereum Classic with the ETC coin ticker.

Buterin did indeed create Ethereum and penned its whitepaper, many are credited with being founders of Ethereum, including Anthony Di Iorio, Charles Hoskinson, Mihai Alisie, Amir Chetrit, Joseph Lubin, Gavin Wood, and Jeffrey Wilke — one of the largest lists of founding members out of any crypto project. Later, the Enterprise Ethereum Alliance was founded to help develop standards for use across the Ethereum blockchain, such as the ERC standard that is used to develop new tokens operating on the Ethereum protocol.

After regulators began to crack down on ICOs, calling them unregistered securities sales, Ethereum was used less and less for this purpose. ICOs brought the coin price down and sent Ethereum into a bear market. Since then, however, ETH news has been otherwise extremely positive, and speculation suggests that Ethereum future is incredibly bright and will perform successfully as an investment asset, and has a solid long term value projection.

However, by far the biggest potential for Ethereum is the massive growth of decentralized finance, also called DeFi. The DeFi trend has exploded to include thousands of new tokens and projects which all rely on the blockchain. This helped ETH prices thrive but also had made the altcoin a more popular choice than even Bitcoin.

Ethereum Experts See Strong Future Potential in ETH Ethereum is among the most interesting pieces of technology ever to exist and has garnered the support and interest from some of the best and brightest entrepreneurs of the tech and finance industries.

The early Bitcoin investor and angel investor based the theory on an options contract strike price set to expire around that date. The fresh call was made to start off and the traders has been accurate so far. Although making accurate predictions is difficult, many have actually done it and had their forecasts come true. When asked this week, 1 was bullish down 1 from last week , 2 were neutral same as last week and 2 were bearish up 1 from last week about the price of ETH for the week of 31 October Five are asked on rotation if they are bullish, neutral or bearish about BTC's price in two weeks' time.

The dates on the chart show the start of the week about which they are asked their opinion. The graph shows the latest sentiment and previous forecasts so you can see how opinion has changed. Forecasts for , , and Finder surveyed 55 fintech specialists from late September to early October Panelists are able to answer as many or as few questions as they like, meaning the number of responses received varies by question, and 48 panelists gave their price forecast for ETH.

Panelists may own some cryptocurrencies, including Ethereum. Changes to methodology: In , this research was conducted using the simple mean of all answers supplied to Finder. Any results quoted in this analysis have also been re-calculated using the truncated mean.

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks — they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance.

Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service including its legal status and relevant regulatory requirements and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed. Was this content helpful to you?

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With the Ethereum blockchain, developers have the ability to build decentralized apps dapps which makes it to be on high demand to developers hence growth in value of the currency. There are currently hundreds of dapps that are being developed every day that use the Ethereum blockchain. There are high chances that the demand of Ether will increase with time. This may be due to the fact that its blockchain is used in the development of dapps or the fact that it may be an investment vehicle hence used as storage of value.

Ether may overtake Bitcoin with time For many crypto enthusiasts, this may be hard to believe considering that Bitcoin is currently performing very well and has caused so much bubble in Being hard to believe may be justifiable depending on whether you choose to look at it on a short term or a long-term basis.

When it comes to a short term basis, Bitcoin takes the crown and hence investing in Bitcoin will have a higher return on investment as compared to Ether. That explains why Bitcoin has been aggressively been embraced by short term investors. Bitcoin has also been used longer than Bitcoin considering Bitcoin has been around from while Ether has been around from There is however chances that the market capitalization of Ethereum will overtake that of Bitcoin by the end of the year according to the CEO of Hedge fund Olaf Carlson.

That may lead to massive growth in the value of Ethereum. The chances of high market capitalization can be brought about by the evidence of Ether growing for up to 20 times in a period of 4 months as compared to Bitcoin that took a year and a half to grow for up to 8.

Because of the reason of smart contracts and dapps, Bitcoin has lost a lot of its market share to Ethereum especially in the last four months. Initially a large percent of the total amount of money invested in cryptocurrency went to Bitcoin.

The fact that Ethereum uses the smart contract technology, it has spurred a lot of interest from corporates and financial institutions since it is more applicable when it comes to real world applications. This has led to a rise in interest in Ethereum which will lead to a growth in value of the currency and surpass the value of Bitcoin in the long-term considering that Bitcoin does not have the smart contract concept.

There are also new coalitions and alliances that will aid in the growth of Ethereum such as the Enterprise Ethereum Alliance EEA which is an alliance with several firms, up to 86 firms with the inclusion of JP Morgan and Microsoft. The kinds of firms that are backing Ethereum have an influence on the success of the currency since their endorsements are likely to go a long way.

The future of Ethereum is not a walk in the park Ethereum just like Bitcoin will not have a smooth sail. The fact that it will have increased number of users, its blockchain may become jammed up leading to scalability issues like the one that faced Bitcoin blockchain. With scalability issues it means that the transaction time will be longer and that may lead to a fork which may also affect the currency.

With long transaction time it means that users will have to pay a higher transaction fee for their transactions to be prioritized. That may lead to a drop in the number of users which will lead to a drop in the value of the currency. There is also a possibility that the technology behind Ether may be duplicated considering there are a lot of changes in the cryptocurrency space every day. Just the same way different cryptocurrencies are formed every day is the same way different blockchain can be formed.

The crypto-currency technology may still pose as a challenge because there are still some countries that have not embraced cryptocurrencies. Should I mine bitcoin or Ethereum? Only those with high processing power can now make money when they mine Ethereum. Furthermore, once proof-of-stake is implemented, those with more Ethereum tokens will be at an advantage. Therefore is much better to mine bitcoin instead of Ethereum at the moment, and all factors favour this verdict.

Is GPU mining still profitable? The short answer is yes, absolutely, a lot of people have become rich just from mining and many of them simply used GPU mining rigs, and some even only ever mined one coin. GPU mines are becoming more and more popular. Clearly, GPU mining is very much alive and profitable for now.