Ethereum (ETH) prices are on the move and. This cryptocurrency powers the world’s second largest blockchain has been rising more than 3000 percent, 180 percent only in the last month according to data from CoinMarketCap. Though ether is on the rise and there’s a lot of attention from investors, many are wondering how and will the price go up. The answer, of course, is never exactly clear. Analysts gave mixed opinions on this issue. Some claim that ether could go higher in price in the future, even surpassing Bitcoin. Others are worried that ether’s price can become inflated.
One very important factor affecting the price is the rise of initial coin offerings or sales of blockchain data that investors can use to exchange Ether for new digital tokens.
Their concern, however, is understandable since the price of many cryptocurrencies has gone way up in the recent months. The low value of Ethereum which is $8.25 for one Ether token makes it easier to trade.
We do see some corrections in Ethereum (ETH) behavior but we should have an open mind and watch out for weaknesses every day. The real question is – are you prepared to wait for a potential surge of ETH over the coming months?
Let us know in the comments!
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]