When it comes to cryptocurrency, there is always a lot of speculation about which one is the next big thing. Right now, the hot topic is Ethereum and whether or not its bull run is over.
What is Ethereum?
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.
These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent ownership of property. This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middleman or counterparty risk.
The project was bootstrapped via an ether presale in August 2014 by fans all around the world. It is developed by the Ethereum Foundation, a Swiss non-profit, with contributions from great minds across the globe.
Is Ethereum’s Bull Run Over?
The simple answer is: no one knows for sure. Cryptocurrency is notoriously volatile, so predicting anything with certainty is difficult if not impossible.
NOTE: Warning: It is important to be aware that the question of whether or not the Ethereum bull run is over is a highly speculative one. There are no guarantees as to how the market will move, and any claims made about future direction of the market should be taken with a grain of salt. Investing in any cryptocurrency carries a high degree of risk and you should always do your own research before investing in any digital asset.
However, there are some signs that Ethereum’s price may be stabilizing after its recent massive growth.
For one thing, the number of new addresses created on the Ethereum network has been steadily declining since mid-January. This could indicate that fewer people are buying ETH, which could put downward pressure on prices.
Another potential indicator is the “Realized Cap” metric, which measures the USD value of all ETH that has been mined minus any ETH that has been lost forever (due to wallets being lost or stolen). This metric hit an all-time high in early January 2018 but has been steadily declining since then.
This could suggest that miners are selling less ETH, which would also put downward pressure on prices.
Of course, it’s important to remember that these are just indicators and not definitive proof that Ethereum’s price will continue to fall. So far in 2018, cryptocurrency markets have been incredibly unpredictable so anything could happen in the coming weeks and months.
9 Related Question Answers Found
The Ethereum bull run may be over for now, but that doesn’t mean the popular cryptocurrency is going away anytime soon. In fact, Ethereum has been one of the most resilient cryptocurrencies during this bear market, with its price only falling a fraction of what Bitcoin has. So, what caused the Ethereum bull run to end?
In recent months, Ethereum has seen a tremendous amount of growth. This has led some to believe that Ethereum is due for a crash. However, there are several reasons why this is unlikely to happen.
The rise of Ethereum has been nothing short of meteoric. In the space of just a few years, it has gone from being a little-known cryptocurrency to one of the most talked-about assets in the world. And, as Ethereum’s price continues to surge, many are wondering if we are in the midst of a “bull run”.
When it comes to Ethereum, there are two schools of thought: those who believe it is impossible for Ethereum to crash, and those who think a crash is inevitable. Let’s explore both sides of the debate. Argument One: It is impossible for Ethereum to crash
The first argument goes like this: Ethereum has a lot of fundamental advantages over other cryptocurrencies.
As of late, Ethereum has been on an absolute tear. The price of ETH has surged from around $100 at the start of 2017 to nearly $1,400 at the time of writing. That represents a gain of over 1,200% in less than a year!
Ethereum mining is slowly becoming more popular as the value of Ethereum increases. However, some people are concerned that Ethereum mining will ruin their GPU. While it is true that Ethereum mining can put a strain on your GPU, it is unlikely to ruin it.
Ethereum difficulty has been on the rise in recent months, as the Ethereum network has seen an influx of new users and applications. This has led to increased demand for Ethereum, and consequently, a higher difficulty level. Difficulty is a measure of how difficult it is to mine a block of Ethereum.
Ethereum is a public, open-source, decentralized platform that runs smart contracts on a blockchain with a native cryptocurrency called ether. Ethereum was proposed in 2013 by Vitalik Buterin, a Russian-Canadian programmer. Buterin had spotted flAWS in Bitcoin’s design and wanted to create a platform that would be more general and flexible than Bitcoin.
Ethereum, the world’s second-largest cryptocurrency by market value, has been on a tear over the past month. The price of ether, the native token of the Ethereum network, surged to an all-time high of $3,451.49 on January 10, according to data from CoinMarketCap. The cryptocurrency has since pulled back slightly and was trading at $2,972.59 at press time.
