A new market research found that if the price of Bitcoin is expected to reach $ 29,000 by the end of the year, Ethereum’s market capitalization will see a bigger increase.
In a report from the South China Morning Post, the survey was conducted by the website of consumer products and comparison services Finder. He examined nine industry blockchain participants on price developments for the 12 digital currencies.
Interestingly, the data found that Ethereum will see the largest increase in market capitalization to 212 percent, followed by Bitcoin at 194, with Bitcoin money in third position representing a rise. In particular, although, Bitcoin will experience the biggest jump in price value 123 percent. By the end of 2018, it is expected that the first will increase to $ 29,533 cryptocurrency, while, Bitcoin cash will see its price rise to $ 2,721, with Ethereum falling in the third at $ 2,550.
Current prices show that Bitcoin is trading at $ 10062, Ethereum is at $ 767, and Bitcoin Cash has a price tag of $ 1096, according to CoinMarketCap.
The expected increase in market capitalization with Ethereum is seen as the fact that more investors are buying the ether chip in anticipation of future chip sales. According to market players, they believe that Ethereum is the “go-to blockchain,” reports the SCMP.
Kevin Loo, head of strategy co-founder and head of CryptAM, a Hong Kong-based digital asset manager that offers funds that invest in cryptocurrencies to clients outside the city, is of the opinion that the Ethereum will have a bright future. However, just as Bitcoin struggled with scalability issues, Loo Ethereum faces similar medium-term problems that said, adding:
As an example, in November 2017, the Ethereum network saw a new craze for CryptoKitties, a virtual kitten game that allows players to buy and breed Crypto-pets “This slows the network down and has highlighted the one of the old blockchains challenges – a lack of scalability.
Many believe, however, that these scalability issues will be resolved as users and developers continue to work with the Ethereum blockchain.