Recently, the value of Ethereum (ETH) hasn’t really been stable. The bears have really dealt with the digital currency over the past months. Ethereum (ETH) tested new yearly lows and even temporarily lost its position to XRP (XRP). However, it isn’t the only coin suffering this course, as almost all the digital currency in the crypto market have suffered a great deal this year.
Nevertheless, one question in the mind of many is “Will Ethereum (ETH) rise like Bitcoin (BTC)?” This is one question that lacks a clear answer. The recent trend in the crypto market even makes the question more difficult to answer.
Ethereum (ETH) Is One of the Most Aggressive Digital Currencies in the Crypto Space
However, a lot of investors, traders, and analyst still believe in the digital currency and they believe it has the potential to rise like Bitcoin (BTC). Olaf Carlson-Wee said Ethereum (ETH) is one of the most aggressive cryptocurrencies in the world today. Olaf Carlson-Wee is one of the greatest minds in the digital currency world, and he is the former head of risk at Coinbase.
Ethereum (ETH) has managed to hold the 2nd spot on the list of top digital currencies in the world. Ethereum (ETH) has managed to hold its position because it was created to compliment the flaws of Bitcoin (BTC). Bitcoin (BTC) users were facing issues such as slow transaction speed and scalability. Ethereum (ETH) was created to counter those issues.
Ethereum was created back in 2012. The blockchain project brought life to the ideas behind smart contracts and Decentralized Autonomous Organizations. The smart contracts of Ethereum allow developers all over the world to create their own digital currency blockchain platform. It also helps them to create other blockchain-based apps without building a Blockchain from scratch.
The Opinions of Experts on the Future of Ethereum
A lot of experts said that due to the adoption of the ICO process by several enterprises on the network of Ethereum, the adoption of digital currency has increased. The use of digital currency has increased significantly in many sectors of the economy. Industries such as the real estate industry, manufacturing industry, the hospitality industry, and many more have entered into the digital currency space.
So, will the value of Ethereum (ETH) increase in this last quarter of the year? So far, the answer to this question is “Yes.” A lot of analysts have predicted a rise in the value of Ethereum before the end of this year. The digital currency has the potential to increase because its uses cases increase every day.
More and more firms continue to tokenize their securities and more developers are building more apps on the network. As the use cases of the digital currency and its underlying technology increases, so will its adoption. An increase in the adoption of the coin will result in an increase in its value. Hence, the value of the coin is more likely to rise in the last quarter of this year. Nevertheless, it is not certain whether Ethereum (ETH) will rise like Bitcoin (BTC).
Ethereum (ETH) Price Today – ETH / USD
At the time of writing, Ethereum (ETH) is changing hand at $202 after a decrease of about three percent over the past twenty-four hours. The world’s second largest digital currency currently has a market cap of $20.74 billion with a trading volume of $1.33 billion over the past twenty-four hours.