Source: Quora
The prediction of Liu on Ethereum, in May 2017, is way off from the current price of ethereum. This is a proof of how volatile and unexpected things would turn out to be. The current price of ethereum as of this writing is $1366.
If you are a bitcoin fan, you should appreciate Ethereum more. It's like bitcoin, a digital money but with additional perks. It includes some smart contracts.
Ethereum is a digital money where you can attach some conditions to be met (smart contract) for it to be usable by others.
The potential of Ethereum is wide-range. Its application is numerous. It can eliminate centralization. With Ethereum you can make these transactions trustless which opens up an entire world of decentralized applications.
If Bitcoin is a calculator, then Ethereum is a smartphone, and we haven’t even dreamed of all the possibilities yet.
In the incoming week, another good news for Ethereum is waiting - EtherZero. A revolutionary Ethereum Hard Fork, Forking on 19th Jan 2018. This is the main reason we are experiencing bullish ETH price in the market. EtherZero will have the following characteristics:
- Fork height: 4936270 block
- Allocation: Total supply is approximately 116 million ETZ
- Reserve 20 million ETZ for subsequent development
- Newly increased: approximately 6 million ETZ per year (almost 5% inflation and declining every year)
- 1 ETH distributes 1 ETZ
This is the kind of news that will propel ETH to the moon. Recently, Steven Nerayoff, co-creator of Ethereum, claims that ETH value will triple this year.
... increasing number of projects built on Ethereum could cause a “flippening” in 2018. If this happens, there is a potential for Ethereum value to increase by 300 percent of its current worth.
This kind of prediction pushes the value of ETH beyond what is expected of it. [FOMO/FUD effect.] Expect that the true expected value will go beyond what is expected.
Warning: Cryptocurrency is a game for gamblers and risk-takers only!
