Category Archives: Ethereum
As the dust settles from China’s crackdown on cryptocurrencies, Ethereum looks poised for a rally that could send it across the $300.00 level. However, the situation remains tenuous.
The Chinese ban confirmed the worst fears of some investors—that central banks and other vested interests will regulate against cryptocurrencies to keep their hold on power.
It’s not an unreasonable fear, but I should add that regulators only banned yuan to crypto exchanges, not the existence of blockchain itself. That may sound like a difference without a distinction, but it could be.
The post Ethereum Price Forecast and Analysis – September 19, 2017 appeared first on Profit Confidential.
ETH prices fell roughly 11.36% in the last 24 hours to near $238.72. At the same time, the Ethereum to Bitcoin exchange rate dropped almost 5.44%.
The biggest piece of Ethereum news today is the potential Chinese crackdown on cryptocurrency exchanges. Well, that and the recent comments from Jamie Dimon, CEO of JPMorgan Chase & Co. (NYSE:JPM).
Both of these developments dragged down the short-run Ethereum price.
The post Ethereum Price Forecast and Analysis – September 14, 2017 appeared first on Profit Confidential.
Where Ethereum Goes from Here
Aside from Bitcoin, no cryptocurrency is more popular and promising than Ether (the native token of the Ethereum platform). ETH prices exploded by 3,995% since the start of 2017, beating every Ethereum price forecast in the world. Yet now that it’s time to make Ethereum price predictions for 2018, analysts outside crypto-land remain gun shy…
…and it’s no secret why. They are worried about a bubble in the crypto market cap.
Out of this concern comes a hesitancy that prevents them from saying the obvious: that Ethereum.
The post Ethereum Price Prediction 2018: $1,000 Is Our Ethereum Price Target appeared first on Profit Confidential.