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Ethereum Price Predictions 2018: Cryptocurrency's value could triple (Ethicoum news -Thu Nov 22)

Ethereum Price Predictions 2018: Cryptocurrency's value could triple in 2018

Ethereum co-creator Steven Nerayoff says the cryptocurrency's value could triple in 2018. Ethereum co-creator Steven Nerayoff said businesses in a wide variety of industries are starting to take notes. Nerayoff attributes increased usage to ethereum's ability to process transactions more quickly and cheaply than its rival. Nerayoff said increasing interest in cryptocurrency will stimulate value for ethereum in 2018, regardless of it overtakes bitcoin.

Ethereum co-creator Steven Nerayoff says, "increased projects built on the cryptocurrency" could trigger "flippening" in 2018, in which ethereum overtakes bitcoins. "What are you looking for?" a tripling in price by the end of the year, "Nerdyoff said Monday on CNBC's" Fast Money. "While it was bitcoin was designed to function as a peer to peer electronic payment system, . Nerayoff, who helped to develop the ethereum project, said businesses in an increasingly wide variety of industries.

"You're seeing a tremendous amount of growth across a wide variety of industries. Fintech is actually the natural area, but now you're seeing it becoming more creative – you find projects in the oil and gas industry, you're finding the government using it in their applications, you're seeing it in gaming, all kinds of different areas, "Nerayoff said.

Beyond project building, Nerayoff said usage is increasing because ethereum can be processed more quickly and cheaply than its rival. "People are actually using it for currency, as well," he said. "Lower transactional costs are increasing the use of the entire network, and that is increasing the network effects of it. There are more users, more projects being built on there and more programmers, "he said. Despite his confidence, Nerayoff is not discounting bitcoins and the interest in cryptocurrency it inspired in 2017. "The entire space is increasing. There is huge interest in the public space, even in bitcoins, so you could just see an expansion in the entire space, "he said.

Either way, when it comes to 2018, Nerayoff thinks and is going to have a good year.

Ethereum price prediction: 2018, 2019, 2020

Ethereum is fast emerging as a major cryptocurrency. It has scaled new heights quite consistently. Also, in the calendar year 2017, it is risen by about 3600%. The most important reasons for this are the long-term investment bet.

The price is in the future. You need to look into the usability as well as the application of the cryptocurrency. When you are able to look at the usability and application of cryptocurrency, thereafter only it would become easier for you to understand how its value can appreciate. When you're looking at Ethereum, you would like it to be decentralized processing power as well as bandwidth. Owing to this very reason, Ethereum is very different as compared to the other tokens which are just a token for investment. This also means that the value of Ethereum would increase in the future.

In the current year that is 2018, it is predicted that Ethereum would reach around $ 2500. By the end of the next year that is 2019, it is expected that it would be somewhere around $ 14,000. Similarly, by the end of the year 2020, it is assumed that Ethereum would be around $ 31,000.

Thus, when you look at the kind of returns that are expected from Ethereum, you would like it to be still.

Reasons why Ethereum can appreciate by a significant amount:

some of the reasons includes:

  • Increasing application uses
  • more companies adopting decentralized cloud-based applications
  • increased usage of smart contracts

These are the 3 reasons why Ethereum is being more widely used. You need to keep in mind that it is more to the price of the token. You can be sure that the value of Ethereum would increase in the future as well.

Also, it is expected to become the 2na most valuable cryptocurrency according to the market cap. Appreciate this as well as the over the years.

I know, when you're looking to invest in any cryptocurrency, it is a much better idea to look at the option of Ethereum. It is a strong application but also a significant potential for appreciation.

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Fortune has published a story about the future of cryptocurrencies in general. A general idea:

The future of cryptocurrencies

7 Cryptocurrency Predictions From the Experts
Fortune's Brainstorm Tech conference in Aspen, Colo. last week. A select group at the Aspen Institute for a breakfast.

Balaji Srinivasan, CEO and cofounder of 21.co, a cryptocurrency startup that has raised more in traditional VC funding than almost other one. Another was Peter Smith, CEO and cofounder of Blockchain, a U.K.-based cryptocurrency wallet company that recently raised $ 40 million from GV, the venture capital arm of Alphabet, parent company of Google (GOOG, + 0.22%). And Kathleen Breitman, CEO and cofounder of Tezos, a blockchain startup that this year raised more than $ 200 million in an initial coin offering, or ICO, and which counts celeb investor Tim Draper among its backers.

Bitcoin, the original cryptocurrency and blockchain, or cryptographically secured public ledger, to the latest trend of hosting so-called token sales to fund projects, especially on Ethereum, a rival blockchain to Bitcoin's , to the future of a decentralized web. We are some of the predictions we heard.

The future of Bitcoin and Ethereum

1. Bitcoin and Ethereum are here to stay.
Most people who are enthusiastic about cryptocurrency appear to be that Bitcoin and its newer rival Ethereum have staying power, though they may be more bullish on one versus the other. "In terms of 5 to 10 years, Bitcoin and Ether will be around The Bets," Balaji Srinivasan told the room of more than 70 people.

Peter Smith said his company, Blockchain, which was early to Bitcoin, has just started to warm up to newcomer Ethereum. In contrast, Mike Cagney, CEO and cofounder of SoFi, a personal finance company, said during a separate session on the main stage that he was hotter on the latter technology.

Bitcoin "Cagney said. "The blockchain and Ethereum, on the other hand, have absolutely fascinating infrastructure applications," he continued, mentioning the possibility to overhaul title insurance, which involves policies related to real estate, as one example.

How many tokens and coins and blockchain protocols will eventually win out?

2. As yet unknown coins will hit the big time.
Bitcoin and Ethereum may have stolen the show at this point, but the innovation will not end there. Expect more winners on the horizon.

Kathleen Breitman is hopeful that Tezos, her own blockchain bet, will fill in that problems with extant blockchains. In particular, it is designed to be pushed software updates to the network, thus, in theory, avoiding the divisive feuding over the past few years.

No one can say how many tokens and coins and blockchain protocols will eventually win out, but the experts seem to think there's room for a multitude. "It's likely that another one or two dominant ones we have not seen yet in the market," Smith projected. "Another really dominant coin could come out this year or next year."

Frauds are happening, people are going to jail

3. Sure, people will get burned.
For the time being, token sales would seem like a fantastic way to raise a lot of money quickly. Will this lead to riches for some? Undoubtedly-indeed, it already has. And rip-offs for others? Almost certainly.

Smith said he presumes that market manipulation and insider dealing is rampant among purveyors of initial coin offerings. "We're cautious about it in the short term," Smith said of his company. "But you have to be that with the idea."

Brad Garlinghouse, CEO of Ripple and a former executive at Yahoo. "Heavily regulated markets are typically heavily regulated for a reason," he said. "Frauds are happening, people are going to jail."

ICOs change all the Silicon Valley

4. ICOs will (eventually) give Silicon Valley and Wall Street a run for their money.
The days of making a pilgrimage to the homes of the holders of purse strings are coming to an end. In a world where anyone can participate as an online investor, physical location matters much less.

Sandhill Road, network with individuals, "Srinivasan said about entrepreneurs seeking funding, often strolling up to the west of Palo Alto" firms. ICOs change all that.

Kickstarter-like new way. She said she was a member of the group token up to the point where she was born. Tezos wallets have been opened.

ICO and Cryptocurrency Regulations

5. Regulations will stick.
Elena Kvochko, chief executive officer of the security division at Barclays, said that her bank has had talks with regulators about Bitcoin, blockchains, and their ilk. The rule-sticklers appear to be open to the idea as long as "know your customer".

Meanwhile, as governments settle on sets of rules of the road, countries like Switzerland, Singapore, and Estonia are to be developed into the new technology, Srinivasan said. They are looking for a new wave of business financing. "If you're a U.S. person or business, "Smith said.

Breitman added to the rules are agreed upon, it's "best to be transparent" about what one is doing.

Price Speculations

6. Speculation will subside as "killer apps" take hold.
As cryptocurrency prices fluctuate wildly, speculators have been having a field day. However, Smith said that he has become more stable as Bitcoin gradually.

In order for these computer coins to catch on big-time, they need to use that style. Ideally, just like "buying drugs," as Jeff John Roberts, Fortune reporter and the session's moderator, noted.

Srinivasan proposed one possible scenario. Imagine that "all your waking hours are spent in the Matrix," he said, referring to a virtual reality in which everyone is enmeshed in the future. They will need a medium of exchange. Srinivasan said, "To transact," Srinivasan said. "You need an international currency for that."

"He said."

7. Cryptocurrencies will pressure incumbents to improve.
Whenever a consumer swipes or dips to a credit card, payment processors charge a fee.

Nicko van Someren, chief technology officer of the Linux Foundation, points out that the fee companies like Visa or Mastercard charge exceeds the cost to clear or settle transactions. These businesses can potentially process transactions quicker and cheaper, and contended.

Alternatives systems, like Bitcoin, to provide their services. Van Someren said, "Bitcoin is good because it will move to the real cost of handling these transactions." (By extension, in Ethereum's case, one could imagine upstart companies built on it forcing giants like Amazon, Facebook, or Dropbox to reconsider or improve their respective offerings.)

Smith, meanwhile, was less optimistic about incumbents. "I do not think so," he said.

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