Ethereum prices took a hit Tuesday after a report that regulators are exploring whether it and other cryptocurrencies should be treated like securities.
So don't panic too much if the Bitcoin price and
Ethereum price take a hit.
Not exact matches
The
Ethereum Foundation is
taking steps to address a mysterious spike in gas
prices.
Let us
take a closer look at the recent performance of
Ethereum price and market cap - as well as a look at where the currency is headed next.
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Ethereum, Litecoin, Bitcoin Cash, Ripple,
Ethereum Classic and Zcash versus multiple fiat currencies.
In order for either
Ethereum or Ripple to catch up and surpass BTC, it would
take an extreme amount of
price action over a lengthy period of time.
Recent
price trends in bitcoin and
Ethereum suggest that a slow ascent is
taking place.
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Random events can happen to affect the ether
price rise or fall, such as the flash crash of
Ethereum's value overall, which
took place in June 2017.
Speaking on CNBC about the futures approval, Silbert told the audience they should look to
take profits from the
price rally and put them into
Ethereum Classic and ZCash.
In 2016, The DAO,
ethereum's largest project to date, dissolved in a matter of months, and later, an attacker
took advantage of cheaply
priced code functions to spam the network for months on end, slowing down transactions and smart contracts.
This mixed approach is also bullish for
Ethereum prices, since most of the investors I've talked to are completely fine with
taking down shady ICOs.
Starting from that time, it
took exactly 48 hours for
Ethereum to gather up all its strength and shine bright on the
price radar.
Taking into consideration the recent
price hike of
Ethereum's native token Ether, it is evident that things will just get better with passing time.
Take the
Ethereum price, for example.
And ETH
prices have largely benefitted from this trend, since most ICOs
take place on
Ethereum's platform.
Bitcoin's fourth - quarter surge corrected itself on Dec. 10, as its
price shed 25 % of its valuation,
taking most altcoins down with it, including Bitcoin Cash,
Ethereum, Litecoin, Cardano, IOTA, NEM, and Monero.
While
Ethereum has always been a distance second to Bitcoin in terms of its
price and volume of trading, it has earned its spot as a cryptocurrency darling — a favorite of those who
take interest less in the current value of a coin and more in the technology that backs it.
Litecoin has been able to
take advantage of the larger interest in cryptocurrencies with others like
Ethereum and ripple also seeing jumps in
price.
Keeping in mind the soaring
price of
Ethereum, by over 50 %, which has
taken place in recent days, Algory decided to adjust the planned level of the hard cap to the current market situation.
At the press time, Bitcoin has the largest market cap of $ 237 billion, but in case the king of cryptocurrency continues to drop in
price, it will not
take long for Ripple or
Ethereum to usurp Bitcoin's throne.
Ethereum stabilized against the dollar Friday, after a bullish advance
took the world's No. 2 digital currency back toward the $ 300
price range.
We might have seen Bitcoin become the cryptocurrency that
took headlines in 2017, but Ripple (XRP) smashed an all - time high
price just 48 hours ago and now it's
Ethereum's time to shine.
The digital currencies
took a little tumble, with bitcoin, litecoin, and
ethereum prices falling four percent.
The
Ethereum price jumped by $ 60 over 24 hours as more support for the Enterprise
Ethereum Alliance
takes hold.
The
Ethereum price has
taken off in the past week as it nears $ 400 with Dash
prices following suit.
That's nearly double the
price growth of
Ethereum, a comparable platform that recently
took back the second seed on the crypto market cap leader board.
Just a year ago, NEO had a long way to go to be even able to compete with the big guys like
Ethereum, but now this coin has
taken 10th place on the global coin ranking list and is experiencing increases that are benevolently affecting this coin's
price as well as popularity and demand.
The most significant
price increases consist of Cardano (ADA) with approximately 433.17 % (average), and Stellar Lumens which will climb to 126.32%. Finder.com put together estimates that
took into account predictions of experts for other digital assets such as Bitcoin (BTC), Bitcoin Cash (BCH or BCC),
Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Verge (XVG).
Following this news, the market was gripped by panic and uncertainty and a huge sell - off followed later with the
price of Bitcoin and
Ethereum taking a major dive.
Even the
prices of altcoins like
Ethereum, Cardano, Ripple, Stellar, and NEO were all buoyed to new heights by the increased demand from investors seeking to
take a piece of the action.
If the proof - of - stake turns out to be the future of cryptocurrencies and blows the older models out of the water, expect ETH to
take off while the
Ethereum Classic
price will likely not see a benefit from this innovation, and may in fact be hurt by its reliance on an old - school model.