capitalization of a company like Facebook, 492 bln. Cointelegraph attempts to analyze what events need to occur in order for Ether to break this mark. Therefore, new alternatives need to arise that allow the crowd to acquire Ether. First, more and more platforms are using Ethereum as a means of trading. So far, over 1 bln was invested in ICOs by contributors from all over the world. The price of ether was further boosted by bitcoin investors who want to diversify away from bitcoin into other promising digital currencies. In the past seven days alone, ether rallied by over 20 percent to hit a one-month high of 348.
How High Will Ethereum Go?
This buy bitcoin with amazon gift card balance will very likely attract a new wave of investors seeking cash flow producing assets. Ethereum could be hitting a new all time high before 2019. It will allow to completely anonymize transactions and certain components of smart contracts. The diversity of the EEAs members reflect the possibility that the Ethereum provides for disruptive innovation. This general upswing will be fueled by three main drivers, says Mr Green. It is, therefore, no surprise that the. According to the independent financial consulting company deVere Group, Ethereum (ETH) could reach 2,500 at the end of 2018. The Raiden Network is aiming to solve this problem. This is also reflected in the amount of new digital currency-focused hedge funds that are buying ether as part of their core portfolio holdings, which has been another key driver behind the increase in the value of Ethereum. The EEAs members include blockchain startups, financial institutions, public sector institutions, as well as corporations across a span of industries.
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