The last week can only be described as a nervous twitch for Ethereum. The ETH/USD rate tipped over $200USD, and was quickly met with a sell off, retreating to around $120USD, as investors panicked and sold their Ether.
Ethereum was mentioned in the news many times as “bigger than Bitcoin” as the Enterprise Ethereum Alliance adding a raft of new consortium members, including “State Street, Toyota, Merck, ING, Broadridge and Rabobank”. Furthermore, the Ethereum network itself now boasts three times the number of nodes as the BitCoin network. All good news in the ongoing success of Ethereum.
After last week’s sell off, investors have accumulated Ethereum and prices have stabilised around $220-230USD, and this investor is predicting another run towards $300USD over the next week.
New trading platforms have also sprung up, with Australians flocking to CoinSpot to buy and sell alt-crypto currencies such as DogeCoin, Ripple and others, as well as the mainstream BitCoin and Ethereum. The addition of new platforms was essential this week as larger sites such as CoinBase were met with excessive traffic, which some have linked to the price free falling.
it’s one of the biggest opportunities to make money that we’ve ever seen (…) and it’s not slowing down anytime soon.
With such secure fundamentals, I’m certain that Ethereum can only go higher, as it takes on BitCoin head to head – it’s a long way to match the $2500USD/BTC rates we have recently seen, but fundamental strength is propelling the ETH/USD growth much faster. MoneyMorning reports that “it’s one of the biggest opportunities to make money that we’ve ever seen (…) and it’s not slowing down anytime soon.”