According to the co-creator of Ethereum, Steven Nerayoff, the market cap of Ethereum will increase to $ 110 billion. This is almost 3 times rise from the current market cap. This is the reason why it can actually increase significantly. According to him, the number of products which are being built on the Ethereum blockchain are ever increasing. This is the reason why the value of Ethereum will also increase significantly.
In this article, we shed some light on Ethereum in order to help you better understand where it is headed. We will also share with you some of the predictions related to Ether.
Ethereum Price Today: ETH Worth
1. Larger than Bitcoin:
According to Roger Ver, Ethereum will overtake Bitcoin in terms of market capitalization. Also, this will be followed by Bitcoin Cash overtaking Bitcoin. Thus, he expects that Bitcoin will be ranked lower and Ethereum and Bitcoin cash will be above Bitcoin.
2. Ethereum going past Bitcoin:
According to the CEO of Polychain Capital, Carlson-Wee, Ethereum will be passing Bitcoin. According to him, Ethereum is allowing users to build applications which were not imaginable a few years earlier. That is why, the rise in Ethereum will be significant. He further stated that the kind of development which Ethereum is making possible is close to sci-fi. It will not only change the payment industry but it will also change the way in which people store wealth. As a result, the potential in Ethereum is pretty huge and it will continue to rise in the future.
3. Multiplied by 3 times:
According to the co-creator of Ethereum, Steven Nerayoff, the market cap of Ethereum will increase to $ 110 billion. This is almost 3 times rise from the current market cap. According to him, the number of products which are being built on the Ethereum blockchain are ever increasing. This is the reason why the value of Ethereum will also increase significantly.
With so many bullish predictions, it seems that it is likely for Ethereum to increase significantly from the current levels.
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Will Ethereum go up?
In March 28, 2018, Ethereum has experienced a fall in price, plummeting by almost 10 percent to dip below support levels, but will the cryptocurrency go up?
Then, Aayush Jindal, analyst at ETH news, explained if the price of Ether managed to push above $515, then it could prompt the cryptocurrency to rise again.
“In the weekly analysis, we discussed the importance of the $500 support in ETH/USD. The pair failed to hold this level and declined further,” Mr Jindal said.
“Looking at the 30-minute chart of ETH/USD, there was a clear bearish break below a horizontal support at $518.00. As a result, there was a sharp drop and the price broke the $510 and $500 levels.
“A new weekly low was formed at $477.31 before buyers appears. The last three 30-minute candles are pointing to signs of a recovery. However, there are many hurdles, such as $500 and $510.
“Moving up to the 2-hour chart, it seems like ETH/USD failed to break a significant bearish trend line with current resistance at $515.00.
“The current technical structure will remain negative as long as the price is below $515, but a successful 2-hour close above this level may perhaps decrease the current bearish pressure and open the doors for a fresh upward wave.
“On the flip side, the recent low of $477.31 may act as a decent support, the next buy zone being around $450. Overall Ether could consolidate in the short term but it remains at a risk of more losses until there is a break above $515.00.”
On top of other things, amid news that Twitter was joining Facebook and Google by banning cryptocurrency advertising was a critical information for crypto maret as well.
The ban was to cover advertising of initial coin offerings (ICOs) – crowdfunding used to raise cash by creating new coins, token sales and crypto-wallet services.
The policy was also to stop crypto-exchanges from advertising, with limited exceptions.
Twitter said in March, it was taking measures to prevent crypto-related accounts from “engaging with others in a deceptive manner”, but had faced calls to go further after bans from Facebook and Google.
The price of Ether was pushed down to a low of $450 on March 18 – the lowest level since December 11.
Ethereum has experienced a downward trend from the beginning of 2018.
In January the cryptocurrency peaked at $1,388.86, however it has fallen since then and experienced a 40 percent month-on-month decline.
Experts have warned when the price of Ether falls below $500, it might call for more losses and it could reach the new price floor of $300.