How far will ethereum go all Bitcoinist news in Telegram! The future is bright for cryptocurrency’s big players — particularly 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.
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 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. Bitcoin still accounts for an outsized portion of our flows . To put it in perspective, average daily Bitcoin turnover is still more than three fold that of Ethereum. Do you think Ethereum will see larger gains this year than Bitcoin, or do you think competition from EOS and others will eat into Ethereum’s dominance in the ICO space?