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!
What’s more, Ethereum’s market capitalization has now eclipsed that of Bitcoin Cash, making it the third largest cryptocurrency by market cap behind only Bitcoin and Ripple.
So, what’s driving this incredible Ethereum bull run?
There are a few factors. First, there’s the general increase in interest in cryptocurrency that has been occurring over the past year.
NOTE: Warning: Investing in cryptocurrency is highly speculative and carries substantial risk. Before investing in Ethereum or any other cryptocurrency, you should do your own research, consult with a qualified financial advisor, and assess your own risk tolerance. Additionally, it is important to remember that the current “Bull Run” of Ethereum may not last and prices may suddenly drop. Investing in cryptocurrency involves significant risk and you could lose all of your investment.
As more people become aware of and interested in digital currencies, demand for all cryptocurrencies is rising.
Second, there’s been an influx of new money entering the Ethereum market. A large portion of this new money is coming from institutional investors who are buying ETH to participate in initial coin offerings (ICOs).
ICOs have become a hugely popular way to raise funds for blockchain-based projects and many of them are conducted on the Ethereum network. As a result, demand for ETH is rising as more investors want to get their hands on some so they can participate in ICOs.
Finally, there’s increasing optimism about the future of Ethereum as a platform for decentralized applications (dapps). The launch of the long-awaited Ethereum Metropolis upgrade is just around the corner and it’s expected to bring significant improvements to dapp development and usability.
This is helping to drive up ETH prices as investors anticipate increased use of the Ethereum network in the future.
All signs point to Ethereum being in the midst of a powerful bull run. If interest in cryptocurrency continues to grow and more money flows into ETH, there’s no telling how high prices could go. So if you’re thinking about buying some Ethereum, now might be the time to do it!.
6 Related Question Answers Found
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, the big question on everyone’s mind is whether or not the network will be moving to a proof of stake model. Currently, Ethereum uses a proof of work model, which is the same model that Bitcoin uses. However, there are a few key differences between the two models.
In 2015, a 19-year-old Russian-Canadian programmer named Vitalik Buterin published a white paper describing Ethereum, a decentralized platform that would use blockchain technology to enable anyone to build and run decentralized applications. The vision was to create a “World Computer” that would be more resilient and democratized than the centralized servers that power the internet today. Since its launch in 2015, Ethereum has grown to become the second largest blockchain platform by market capitalization, with a community of developers building thousands of decentralized applications on its network.
When it comes to Ethereum, there is no question that it has had a roller coaster of a ride over the past year. The price of Ethereum reached an all-time high in January of 2018, only to crash down to around $100 by the end of the year. This was followed by a slight rebound in early 2019, before the price once again fell back down to around $100.
Ethereum Forsage is a new, revolutionary way to earn cryptocurrency. It’s a decentralized, peer-to-peer system that allows anyone to earn crypto without having to put down any money upfront. All you need is a computer or smartphone and an internet connection.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. Ethereum is also a cryptocurrency, which can be used to pay for goods and services, or to trade like any other currency. The native currency of the Ethereum network is called ether.
