Ethereum hits all time high

in #bitcoin7 years ago

I found this article on Forbes.com
https://www.forbes.com/sites/cbovaird/2018/01/13/ether-most-promising-crypto-hits-fresh-all-time-high/#2417ba836ea6


Ether, a cryptocurrency which has shown significant promise for its strong technology and compelling use cases, recently reached a fresh, all-time high.

The digital currency rose to as much as $1,430.81 at 19:09 UTC, according to CoinMarketCap.

At this point, the cryptocurrency had climbed roughly 15% in the last 24 hours, additional CoinMarketCap figures show.

The price of Ether had pulled back slightly at the time of report, trading at $1,421.19.

[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]

Ethereum's Promise

Several analysts spoke to the potential offered by Ether and its platform, Ethereum.

"Ethereum is currently the most promising blockchain," said Mati Greenspan, senior market analyst for social trading platform eToro, emphasizing that it has "by far the most projects being developed on it."

The Ethereum platform has "3x more transactions than bitcoin," noted Marius Rupsys, a figure that shows its popularity.

The use case for Ether, which powers the Ethereum platform, is "simply far more compelling that the use case for BTC," said Tim Enneking, managing director of Crypto Asset Management.

Key Role In ICOs

Market analysts also emphasized the key role that Ether is playing in ICOs when explaining why the digital currency's recent price increases.

"There are a large number of ERC20 ICOs launching on Ethereum this month, as the ERC20 framework makes launching tokens simply and smooth," said Chris Keshian, co-founder of the Apex Token Fund, a tokenized crypto fund-of-funds.

"These ICOs result in substantial raises, and result in an increase in ETH prices, as the raises are garnered in ETH," he added.

Instant messaging service Telegram is planning an ICO, which will probably raise more than $1 billion, noted Rupsys.

"Many of these funds will come in ether," he stated, which "might have positive effect to ether's price."

Because of all these positive developments, Ether is a "safe haven," said Iqbal Gandham, UK managing director for eToro.

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ether yu win or you let off some steem, im jus tron to make a living. i think im on the verge but if eos do not kill eth and bitconiz at least i had funfair and i waves you good bytecoin and good luckchain

whoa.....

great article @skrilla254- Ether was my favorite in june- i just wish i had the capital to buy more when it was in the 200-260 range :(

i got a little bit when it hit around 400...a little high in my opinion but I'm still glad I got in when I did.

Great post. This is one of my hodls for sure!

Etherium blockchain fee rise. Steem has no fee