What is cryptocurrency Ethereum
Cryptocurrency Ethereum is a platform that has given the world new opportunities in the blockchain world. This cryptocurrency is often called Bitcoin 2.0, and it is justified, because now, the Ether has become more popular and popular than Bitcoin. If you want to get more information about this cryptocurrency, read this article.
Investing in Ethereum
Is it worth investing in Ethereum in 2018? So looks the main question of the person who saw the growth of the value of cryptocurrency Ethereum in 2017. For those who do not know, the cost of one ETH in early 2017 was 8.5 dollars, and the end of the year, this cost was about 700 dollars apiece. However, whether Ether can repeat similar growth in 2018, we will now consider.
Prospects of cryptocurrency Ethereum
To assess the prospects of Bitcoin, it is necessary in terms of the capabilities of its network, such as commissions and speed. But, cryptocurrency Ethereum has a different set of characteristics on which it needs to be evaluated. The future of the Ether depends on the speed of development of its competitors, such as Cardano, and the success of Blockchain startups already launched on its platform.
However, compared to bitcoin and other altcoins, Ether has one advantage. Demand for it is constantly supported, thanks to a number of ICO, selling its tokens based on the protocol ERC20, to buy which is possible only for the Ether.
Last year 2017, was boom to raise funds through Initial Coin offer. Most of the projects that were funded in 2017 set a goal to start this year. Accordingly, we will observe an attention to everything that is based on blockchain of Ethereum.
Cryptocurrency Ethereum, forecast for 2018
We can state the fact that the forecasts regarding the cost of cryptocurrency Ethereum in times less, if compared with Bitcoin. This is good on the one hand, because less destructive information gets into our attention, but on the other hand, it becomes more difficult to understand where the price of the ether will move. Now, we will try to make a more or less constructive picture and make a forecast of the ether for 2018.
First, we will try to analyze Ether schedule.
If you compare the graphics cryptocurrency Bitcoin and Ethereum, the picture of the second, we can say that it is more similar to the chart of the financial instrument, as it is visible elements of a reasonable and logical movement. Now, the cost of one Ether coin is $1 065, and in this range it trades 10 days. The main resistance level, which does not give the price to grow, is the level $1200. Therefore, we can state the fact that after breaking this mark, we can observe the growth, at least to the range of 1400-1500 dollars. However, this way will be very long. This level, the price of ether will be able to penetrate, at least in March, after which we can see x2, until the end of April 2018. This means that by the middle of the year, the cost of one coin ETH will be 2800-3000 dollars, followed by another correction to the level of $2000.
By the end of 2018, we expect the cost of cryptocurrency Ethereum to be equal to $3500.
Where to buy Ethereum
Cryptocurrency Ethereum, is the second most popular and capitalization of cryptocurrency, so you can buy it almost on any exchange, and for storage, you can use both native wallets and multi resources.
That’s all, friends. This is our forecast of cryptocurrency Ethereum in 2018 from the blog bitbetnews.com.