Will Ethereum Rise?

Ethereum offers some great benefits that other cryptocurrencies do not have but that doesn’t mean that it is risk-free. Although 2017 has been a great year for Ethereum, that doesn’t mean that it was a smooth, problem-free year. For example, in June, Ethereum was worth 0 but in July it dropped to 0 and that is nearly a 50 percent decrease in price!
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Then again in September, it was worth $377 but by the end of September, it dropped to more than 24 percent. However, Ethereum should continue to rise in this year as well mainly because its blockchain apps are becoming extremely popular.

What makes Ethereum different is its technology. Ethereum is not just another cryptocurrency; it is a ledger technology that helps many companies to build projects. Ethereum is also a platform that is most involved with smart contracts. These are being one of the most dynamic tools in technology today – and 94% of the top 100 tokens based on the market cap built on Ethereum. There are more than 35,000 developers and more than 500 startups embracing the platform. Big companies like BP and Microsoft are also using it.

Another reason why ethereum’s price will rise is the new plan to switch from Proof- of-work based mining to Proof of Stake mining, where the creator of a new block is chosen in a deterministic way depending on its wealth, and then the miners take the transaction fees. However, this doesn’t seem as a possibility since ethereum is in a crypto bloodbath these past two months with no sign of a greater recovery. ETH is now in a 9 month low which is devastating for this crypto given the fact that last year was very successful for ethereum. But, will ethereum rise again in near future, we can just wait and be patient.