[2018-03-08] Ethereum & Bitcoin Price Expected to See Triple-Digit Gains in 2018

[Terraformer]

Worried about yesterday’s flash crash? Don’t be. The future is bright for cryptocurrency’s big players — particularly Bitcoin and Ethereum.

GOOD TIMES AHEAD

Despite the sometimes dramatic dips which have occurred so far in 2018, investors should be looking towards a positive future for both Bitcoin and Ethereum. According to a market survey, however, Ethereum is set to see a more dramatic increase in market capitalization in 2018 than the current market leader, Bitcoin.

As reported by the South China Morning Post, Finder — a consumer product and services comparison website — asked nine blockchain industry participants for their opinions in regards to the top 12 cryptocurrency’s predicted price trend.

The study suggests that Ethereum will lead the charge with a 212 percent increase, followed by the gold-standard of cryptocurrency, Bitcoin, at 194 percent. Bitcoin Cash, by comparison, is expected to increase 123 percent.

Ethereum, however, will still only have the third largest price tag per token, with each ETH expected to cost $2,550. Bitcoin is forecasted to trade at $29,533 a piece — which may seem like a conservative estimation to those who claim we’re looking more towards a price tag between $50,000-100,000. Bcash, meanwhile, is expected to trade at $2,721.

The survey’s participants are particularly bullish on Ethereum due to the cryptocurrency’s wider applicability of its underlying blockchain network, according to the South China Morning Post. Ethereum is still the blockchain of choice for any startup looking to launch an Initial Coin Offering (ICO), and that’s not expected to change anytime particularly soon.

However, there is mention of Ethereum’s (and Bitcoin’s) scalability concerns. Kevin Loo, co-founder and chief strategy officer of CryptAM, told the South China Morning Post:

"As an example, in November 2017, the ethereum network saw a new craze for CryptoKitties, a virtual kitten game which lets players buy and breed ‘crypto-pets’. This slows the network down and highlighted one of the challenges facing older blockchains – a lack of scalability."

Ethereum is also expected to face more competition from the likes of EOS, NEO, and others.

Nevertheless, Ethereum has become a bit of a brand in the more mainstream cryptocurrency space, with a listing on Coinbase and memorable name helping solidify the cryptocurrency in the minds of a wider audience.

Still, Bitcoin continues to be the dominator, and investors shouldn’t expect a “flippening” anytime soon. Notes SJ Oh, a trader and vice-president at Hong Kong-based cryptocurrency broker Octagon Strategy:

"Bitcoin still accounts for an outsized portion of our flows [today]. To put it in perspective, average daily Bitcoin turnover is still more than three fold that of Ethereum."

http://bitcoinist.com/ethereum-bitcoin-price-gain-2018-survey/

[1715169321]

1715169321

[1715169321]

1715169321

[1715169321]

1715169321

[Ozero]

In principle, a very encouraging forecast. I think that this year bitcoin does not need to rise above 30,000 dollars. He needs to rise not so swiftly as in December of last year, but slowly, in order to avoid the demonstration of an obvious financial bubble. As for the growth of the ethereum rate this year to $ 2,500, it is also a good growth for this coin.

[btcton]

In principle, a very encouraging forecast. I think that this year bitcoin does not need to rise above 30,000 dollars. He needs to rise not so swiftly as in December of last year, but slowly, in order to avoid the demonstration of an obvious financial bubble. As for the growth of the ethereum rate this year to $ 2,500, it is also a good growth for this coin.

Taking a look at the current price and recent trading trends with Bitcoin, I wouldn't be surprised if anyone at any point claimed or claims that it is currently in a bubble. There is no objective way to really determine whether it is or not, as it is all mere speculation and is relative to the price that you would be comparing it against. Even if the price does end up going up to $30K, that in and of itself does not make it a bubble. Triple-digit gains might have bubble-like numbers, but these alone do not make anything a bubble. If there were some significant news around fiat currency that would benefit crypto, for example, such gains could be well founded and would be solid grounds for the price increasing so much. We can't really consider anything in just a vacuum.

[RamonBTC]

Everyone knows that, and the market survey conducted seems legit. We all find it even a given trend as bitcoin and ethereum always competing on the top in increasing rate, but bitcoin outperform it because of numbers of investors and astonishing flood of supporters. I’m not a fan of bitcoin cash and will not react to it being part of the equation. I’d rather acknowledge litecoin within the group than a fork coin.

[Kakmakr]

I still want to see what is going to happen with the MtGox coins and the Bitcoin price. If that trustee are going to dump coins, every time when there are a breakout, then the price will continue to decline. We will see small spikes and then a correction within a $1000 range. <remember that there are still 180 000 coins to be sold>

The U.S. Marshals are also set to auction off nearly $25 million worth of bitcoin later this month. <not a lot, but it has some influence on the supply side>

I just hope the introduction of the Coinbase Index fund, will absorb the impact of these coins on the demand side.