Topic: Ethereum and Bitcoin price are expected to see triple-digit gains in 2018 (Read 102 times)

Worrying about the crash of cryptocurrency market recently?
Despite the dips in 2018, investors should be looking toward a bright future of both Bitcoin and Ethereum. Still, according to a market review, Ethereum is waiting for a more dramatic increase in market capitalization in 2018 than it competitor and also the current market leader - Bitcoin.

The South China Morning Post, Finder - A customer product and services organization website - claimed nine blockchain business member for their opinions of the top 12 cryptocurrency’s price trend. The study shows that Ethereum will lead the market with an increase of 212 percent and then Bitcoin at 194 percent.

Ethereum, however, will only ranked 3rd as its value for each ETH assumed to cost $2,550. Bitcoin is determined to trade at $29,533 a piece - which underestimates its potential as we’re expecting a price between $50,000 - $10,000.

According to the South China Morning Post, participants of this review are quite optimistic about Ethereum’s future due to the general applicability of its blockchain network. Ethereum is still and will be the no.1 choice for any startup beginning to launch an Initial Coin Offering (ICO).

Ethereum is also expected to face more opposition from EOS, NEO, and others. Ethereum has become a bit of a name in the mainstream cryptocurrency world. Still, Bitcoin continues to be the dominator and investors shouldn’t assume a “flippening” anytime soon.

Note by SJ Oh, a trader and vice-president at Hong Kong-based cryptocurrency broker Octagon Strategy: “Bitcoin still values for an outsized share of our flows. Average daily Bitcoin turnover is yet more than three fold that of Ethereum”.

~By Bitcoinist~

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