[2017-12-15] Ethereum Rises to All-Time High of $750: How Did it Happen?

[DowBit]

Last week was extremely interesting for Ethereum — At least on the chart. Ethereum quickly gained 70% of its value in a short time. The fact that this is an unusual project does not need to persuade anyone. Today we will look at the likely causes for growth.

Vitalik Buterin, the creator of ETH, announced on Twitter that the Ethereum network reached the 10 transactions per second limit and was able to support it all day long. Despite the fact that there are other projects that have higher network capacity, remember that Ethereum is the largest such cryptocurrency, accounting for around 20% of the entire market!

More: https://dowbit.com/ethereum-rises-all-time-high-how-did-it-happen/

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[webtricks]

What I think is little different from your views.
According to me, Bitcoin Rush which we have noticed from Sept to first week of Dec has now been decelerated. Mainly due to forks, people started investing millions of dollars in Bitcoin during this time period.
But now once again Bitcoin market is little cool and investors started to diversifying their portfolio again. But this time, instead of going for ICOs or short cap coins, they chosing Large Cap coins.
The dramatic rise you talking about isn't just limited to Ethereum, if we study CoinMarketCap trends of all one or two weeks, all coins among top 10 has shown same tremendous rise.

[Terraformer]

Ethareum blockchain network already proved it`s high reliability, security, maintainability. This growth  is long overdue, but postponed all the time because of continuous bitcoin hard and soft forks. Just recall, it`s value was 0.15 BTC, it`s time to reclaim lost market share.

[Slow death]

Just recall, it`s value was 0.15 BTC, it`s time to reclaim lost market share.

It's still very low I do not know why many news channels are so happy with this increase of $ 750. for people who bought when the price was more than 0.07 btc still have a lot to be worried about, as it is still below 0.05btc. but this was not only with ETH, siacoin the great decay of the year (in my opinion) was in the more than 350 satoshi and today is below 100 satoshi, investing in altcoins is very dangerous.


" Most drastic increases in the cryptocurrency market are driven by breakthrough information.  "

Sometimes the information is not even so relevant, but it causes the price to increase a lot and days later we have a huge dump

[ohzeih5n]

ETH price is too low

Vitalik Buterin make great technology and 750$ is so low for it.

also many ICOs use Ether as base

[kimochidesh]

What I think is little different from your views.
According to me, Bitcoin Rush which we have noticed from Sept to first week of Dec has now been decelerated. Mainly due to forks, people started investing millions of dollars in Bitcoin during this time period.
But now once again Bitcoin market is little cool and investors started to diversifying their portfolio again. But this time, instead of going for ICOs or short cap coins, they chosing Large Cap coins.
The dramatic rise you talking about isn't just limited to Ethereum, if we study CoinMarketCap trends of all one or two weeks, all coins among top 10 has shown same tremendous rise.

Totally agree with you. ETH price rise not sudden but is definite. However, this rise got delayed because of fork dust then followed by pumping of some alt-coins. But soon ETH got a chance to show its potential and hit its all-time High. I am not surprised with its growth but still, I believe that ETH is quite under-rated as compared to other Alt-coins. ICO scams have discouraged investors and hence they started investing in large Market cap coins. In such conditions, I see ETH at $4000-4500 by the end of 2018

[senin]

A significant increase in the rate of ethereum, this is what many have long been expecting. At a time when bitkoyn went far beyond the mark of 10,000 dollars, the ethereum stood for a long time at around $ 300, and it was unfair. I think that a number of objective and subjective factors have led to the current increase in its price, such as an improvement in the throughput capacity of up to 10 transactions per second, and increased distrust of ICO projects, a recent adjustment to the bitcoin price, and simply an increase in demand for ethereum.

[wilhb81]

Honestly, even with the surge of ETH to $750 ATH - its price is still not even 5% of the total value of Bitcoin (which it's quite undervalue indeed)

It looks like Vitalik Buterin still have a long winding journey to go, if he wants to make ETH a genuine alt coin with high value 

[jjacob]

Honestly, even with the surge of ETH to $750 ATH - its price is still not even 5% of the total value of Bitcoin (which it's quite undervalue indeed)

It looks like Vitalik Buterin still have a long winding journey to go, if he wants to make ETH a genuine alt coin with high value 

You are looking at the wrong parameter. You should be looking at market cap, not price. If people started using mBTC instead of BTC, would you think it has suddenly become cheap? The rise in ethrreum's price is due to people diversifying away from Bitcoin, in my opinion.

[yuishiro]

The next hard fork completes ETH. It will rise sharply afterwards. The current amount is still cheap. Next year will be a more surprising amount.

[iram1011]

But July-September ETH investors might not be happy still. ETH was hovering over 0.09 BTC at that time and right now it is over 0.04 BTC which is still  more than 50% down from the price before the altcoin death rally(Oct-Nov). Many coins rose in USD value in Dec, but the medium of trade is usually BTC and most of the traders look for BTC value of the portfolio. Almost all the large cap coins are recovering this month. This means investors are looking for diversification. BTC is quite stable right now. Hence, altcoins will appreciate meanwhile.

[posi]

Ethereum and other crypto currency made a massive increase in price last week but I'm curious almost all the respected coin are full of red on coin cap market now.

[eyesopen]

it has taken a massive jump for sure.
its the "smart contracts" function and the erc20 tokens which are giving its value.
more and more projects are being created using the ethereum platform.
is this going to get even greater in 2018?

[suzanne5223]

it has taken a massive jump for sure.
its the "smart contracts" function and the erc20 tokens which are giving its value.
more and more projects are being created using the ethereum platform.
is this going to get even greater in 2018?

Yes, it will be more greater next year because Ethereum is known for it smart contracts since the year 2014 and a lot of crowdsale/ICO owner are using the ethereum token as payment.