It may not have experienced the most significant growth in 2017, but Ethereum has regained its position Bitcoin as second market capitalization cryptocurrency
To be surpassed by the 1,000% increase in the value of Bitcoin in 2017, Ethereum also goes from $ 10 per Ether to $ 1,000 in the same year. 12 months space.
The two cryptocurrencies have a similar success.
Ethereum's intelligent contract flagship system distinguishes it from Bitcoin and has led to it becoming the leading ICO platform, allowing developers to use the underlying code. for their own applications – dapp (decentralized).
This is the reason for being Ethereum, which provides a monetized Blockchain solution to developers to create applications as described by Investopedia.
Addressing CNBC this week, Ethereum's advisor, Steven Nerayoff, says that the open-source feature of the Ethereum protocol could well lead to massive adoption for a wide variety of Blockchain applications.
Re see a huge amount of growth in a wide variety of industries. Fintech is actually the natural space, but now you see it becoming more and more creative – you find projects in the oil and gas industry, you find the government using it in their applications , you see it in games, all kinds "
The success of CryptoKitties is a great example of how developers can use Ethereum software to create innovative applications. The popular online game has been so successful that it has exerted tremendous pressure on the Ethereum network in 2017, thus becoming the largest repository
Inevitably, the increasing use of the game has been so great. Ethereum will see its price explode, according to Nerayoff.
"What you see with Ethereum is an exponential increase in the number of projects.There are currently billions of dollars in the ecosystem, maybe 10 times more projects this year than last year, which could easily double, probably a tripling of prices by the end of the year. "
Expanding Market
While Nerayoff was expressing bullish feelings about Ethereum growth this year, he did not cancel the potential growth of other cryptocurrencies this year.
The public is very interested and there are more areas in which the public can invest, even in Bitcoin, so we could see an expansion in all the space. "
At the time of writing, the total market capitalization of Ethereum was e $ 116 billion.