Cryptocurrencies fluctuate so much no one knows what is going to happen next day in the market. Especially coins like Bitcoin and Ethereum . and the other reason is Crypto Markets Still Immature.We have seen Etherem Hits the $400 price in june price was going high as we can see in below graph.
Then in July the price decreases and Ether price was below $200. The reason behind the down fall of Ethereum price was Post-ICO startups was cashing out to reduce risk,new investors was in with shorter timeframes and ether were stolen forcing the blockchain to implement a hard fork to undo the damage. now ethereum price is stable and it is going towards the $400 as you can see in the graph currently it is $330 but is this time Ether is going to be Stable in the market ? and when its Going to cross the $400 figure.
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I am hoping it grows to at-least 1000$
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ETH price follows BTC price in most cases. It shouldn't be like that, but it is. And Bitcoin isn't in best shape right now, despite high price. Besides, ETH should go Proof-of-Stake somewhere in the future, which adds uncertainty. Still $400 isn't that far away, and interest in crypto is rising, so probably yes, it'll reach $400-$500 till end of this year. Unless something very bad will happen to BTC, and it's a real possibility atm.
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If people continue buying Ethereum to get into ICOs that will blow, we might have a bubble above that, and then a beautiful correction https://steemit.com/money/@josepimpo/floyd-mayweather-pumps-another-ico-mayweathervsmcgregor
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As almost all ICOs use Ethereum platform, the logical outcome for the market cap of Ethereum is to surpass Bitcoin.
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yes you are right
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Nice blog. I was about to post a similair post. Many people say the prices of cryptos are high but we also thought that about Amazon, Apple and Facebok last year. I found this amazing platform: https://www.coincheckup.com Supposingly they researched every crypto coin in the scene based on: the team, the product, advisors, community, the business and the business model. They even score the coins stengths. Check: https://www.coincheckup.com/coins/Ethereum#analysis To watch Ethereum Indepth analysis
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Maybe to much ether to got 500 or 1000 price.
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