The creator of digital currency ethereum Steven Nerayoff states, the value of ethereum will increase very sharply to exceed bitcoin. This is driven by the improvement of projects undertaken to build the ethereum.
"What we see with ethereum is the exponential increase in the project, there are billions of dollars being poured into the ecosystem (ethereum) today."
Bitcoin is designed to serve as a peer-to-peer electronic payment system. Meanwhile, ethereum is designed for smart contracts that are executed when fulfilling certain conditions.
Nerayoff also admits that the use of ethereum is now increasing. The reason, ethereun can process transactions faster and cheaper than its rivals.
"People use it as a currency too, lower transaction costs increase the overall use of the network," Nerayoff said.
Despite confidence in the future of ethereum, Nerayoff does not shrink the bitcoin. According to him, bitcoin has managed to increase interest in digital currency throughout 2017.
"There is great interest in the public and there are more areas that can be made public by investments, even in bitcoins," he said.
Nerayoff holds a view, ethereum will perform brilliantly in 2018. At the Bitstamp-based bitcoin center based in Luxembourg, the value of bitcoin slumped 8.73 percent to $ 14,766 or equivalent to Rp 198.6 million.
The bitcoin market capitalization currently reaches 248 billion US dollars. At the same time, ethereum market capitalization reached 110 billion US dollars.
The price of a number of virtual currency slumped earlier this week. Bitcoin and ripple, became the largest digital currency that experienced the most significant decline.
The ripple price dropped 12.6 percent on the Bitstamp digital currency exchange. The sale and purchase of Coinmarketcap.com digital currency denotes bitcoin prices falling nearly 30 percent.
However, the ripple price drop on the page is due to Coinmarketcap.com excluding prices from a number of exchanges in South Korea.
Meanwhile, bitcoin prices slumped 10.6 percent and litecoone 8 percent, according to the Coinbase page. Bitexin stock index also weakened 11.7 percent in Cboe, had at the level of 14,810 US dollars or equivalent around Rp 199.9 million.
Meanwhile, the price of ethereum rose 2.4 percent to the level of 1100.50 US dollars or equivalent about Rp 14.8 million.
Throughout the year 2017, the value of bitcoin jumped 1,500 percent. The ripple value rocketed 35,000 percent.
Unlike many other digital currencies, ripple works with major institutions. This makes the ripple has an aura of legitimacy and is more practical.
However, some digital currency watchers say such centralization is in contrast to how digital currency technology should be.
"The reason (value) of the ripple is very high is because of bubble.Testing digital currency with banking does not make sense.The idea of digital currency is you do not need a bank," explained Erik Voorhees, CEO of ShapeShift, which provides digital exchange services.
Ethereum Classic (ETC) is currently ranked 17th of 1,660 crypto currencies in the market, with a total market capitalization of more than $ 3 billion. For the last 24 hours trading session, ETC price decreased about 5.07%.
But if we look at the YoY Year-of-Year Graph above, ETC has managed to book a price increase of more than 2,816% or more than 28 times the starting price of 2017. This clearly makes ETC become one of the alternatives that can be used for investment .
However, if we look at the historical side of the ETC, which is the occurrence of Hardfork caused by Hacking activity to THE DAO that lost up to $ 3.6 million worth of ETC, then I am not sure that ETC will still have a bright future. This we can logic from the Blockchain rule that "Everything that has happened on the Blockchain network should not be reset or fixed". But what happened to the ETC was a Hardfork Chain separation to return the lost coin in the old Chain, and give it to THE DAO on the new network. This is of course very contrary to what should be legal in Blockchain.
Then, if we look at the price of Ethereum Classic (ETC) / US Dollar (USD), we can find that the last 3 days have been a very bad day for ETC, where the price drops from the highest point of $ 42.5 to the last low of $ 15. The decline that happened 2 days ago even more than half the price increase that occurred during the last year.