Are you worried about the collapse last week? Do not be. The future is bright for the players of the big digital currencies - especially the Bitcoin and the Ethereum
Good times ahead of us
Despite some dramatic declines that have taken place so far this year, investors should look to the positive future for both Bitcoin and Ethereum. However, according to a market survey, Ethereum is expected to witness a significant increase in market value during the current year than the current market leader, Bitcoin.
As the South China Morning Post reported, the Finder, a consumer products and services comparison site, asked nine participants in the industry to give their views on the expected price trend for the world's top 12 digital currencies. The study suggests that Ethereum will lead this trend with an increase of 212%, followed by the gold standard of digital currency "Bitcoin" by 194%. Cash, by comparison, is expected to increase by 123%.
However, the Ethereum will remain the third largest price mark, with a single Ether expected to be $ 2,550. Bitcoin is expected to trade at $ 29,533 per piece - which seems to be a conservative estimate for those who claim to be looking at a price tag between 50,000 and 100,000. At the same time, Bitcoin is expected to trade at $ 2,721.
On the other hand, the survey participants are expected to be positive towards Ethereum because of the wider application of the currency-based blockchain network, according to the paper. The preferred anthrax network of any emerging company is still looking for a support for its initial currency, ICO, and is not expected to change anytime soon. However, there are indications of concerns about the susceptibility of the Ethereum and Bitcoin network to expansion. In this regard, co-founder and head of CryptAM's main strategy, Kevin Lo, told the Chinese newspaper:
"In November 2017, for example, the ethernet network witnessed a new craze towards" CryptoKitties ", a digital cat game that allows gamers to buy and generate" digital pets ". This slows down the network and highlights one of the challenges facing older networks - the lack of scalability "
Ethereum is expected to face more competition from digital currencies such as EOS, NEO, and others. However, Ethereum has become a prominent brand in the mainstream digital currency space, with its inclusion on the "Coinbase" as its unforgettable name, embellishing the digital currency in the minds of the wider public.
While Bitcoin continues to be dominant, investors should expect a "shift of importance" anytime soon. The trader and vice president of the Hong Kong-based commercial broker, Octagon Strategy, said:
"Bitcoin remains a significant part of our flows (today). To put this in perspective, the average daily volatility rate of Bitcoin remains three times higher than "