Connect with us

Cryptocurrency

Ethereum Could See a Massive Price Jump ?

Ethereum (ETH), the second-largest digital currency behind bitcoin, could be on the cusp of a major price surge if the forecast highlighted here proves accurate.

“The price of Ethereum is predicted to increase significantly this year, and could hit $2,500 by the end of 2018 with a further increase by 2019 and 2020,” wrote Nigel Green, founder and CEO of deVere Group, in an email to MarketWatch.

To get to $2,500, ethereum would have to more than triple from current levels. At this writing writing Friday, ethereum traded just below $654. Even if it “just” tripled from current levels, the digital currency’s market capitalization would surge to $194.31 billion from where it currently resides.

Ethereum’s rise is simply jaw-dropping as there was a point last year where it traded around $8. The digital currency is blockchain-based and decentralized.

Ethereum History

“Ethereum Classic emerged as a split version of the Ethereum’s Blockchain, the other being Ethereum itself. The split occurred following a hack on Ethereum in June 2016, where $50 million worth of funds were stolen,” according to Investopedia.

Many new token issuers use the ethereum network due to its robust efficiency and short processing times. Those are among the catalysts that could bolster the digital currency going forward.

“This general upswing will be fueled by three mains drivers. First, more and more platforms are using Ethereum as a means of trading. Second, the increased use of smart contracts by Ethereum. And third, the decentralization of cloud computing,” according to deVere CEO Green in the MarketWatch article.

The cheapest and most efficient way to obtain Ethereum Classic (ETC) is to first purchase Litecoin or Bitcoin through Coinbase (Currently Ethereum offers a much lower transfer and exchange fee than Bitcoin.)

Once you have successfully purchased your Litecoin/Bitcoin you can use an exchange such as Binance or Bittrex to convert your ETH/Bitcoin to Ethereum Classic (ETC) in about 5-10 minutes (depending on the market), according to CryptoBase.

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Bitcoin

Bitcoin (BTC) Crosses 55k And Is Heading Towards 60k Fast!

Less than two months into 2021, the price of bitcoin has risen 95.4%.

Earlier this week BTC smashed through 50k and is headed towards 60k just as fast. The price is currently trading at 57k as of press time up 60% this month alone. Along with BTC’s meteoric rise quite a few altcoins are going along for the ride.
Some are saying the astonishing rise of BTC’s price to the tremendous demand from buyers looking to hedge against inflation as governments keep spending and central banks keep printing money trying to keep their economies going through the pandemic.
Looking to trade cryptocurrencies? You can trade BNB on Binance by clicking here

Based in the United States and want to trade via Binance.US? Click here to sign up now!

Continue Reading

Binance

Binance Coin (BNB) Is Heading Towards $300 With A 60% Increase Today!

BNB is currently skyrocketing towards $300 after Binance CEO appeared on Bloomberg to discuss the current rise of BTC and other cryptocurrencies. During the interview he was asked about Binance Coin.

You can view the full interview by clicking here

Looking to buy Binance Coin (BNB)? You can trade BNB on Binance by clicking here

Based in the United States and want to buy BNB via Binance.US? Click here to sign up now!

Continue Reading

Cryptocurrency

Elon Musk Suggests Major Dogecoin Holders To Sell

Billionaire Tesla CEO Elon Musk urged some of the top hodlers of Dogecoin to sell their holdings and take profit. He said he was concerned that a small number of people are hoarding too much of the cryptocurrency.

He later added that he would pay actual money for them to just void their accounts. This caused the cryptocurrency to spike initially then drop down to 4.8 cents late Sunday, a roughly 45 percent drop from the all time high of 8.7 cents reached just last week.

Interested in purchasing some of your own DOGE? Learn how to buy and trade DOGE here!

Continue Reading

TRADE CRYPTO

TRY COINBASE TODAY

PROTECT YOUR CRYPTO

BUY BTC/LTC/ETH

STORE YOUR CRYPTO

Ledger Nano S - The secure hardware wallet

Trending