Hi guys,
Danite here! How's everyone doing?
I just wanted to talk about why Ethereum will win the crypto wars over bitcoin and all the crypto-currencies out there.
While bitcoin continues to surge ahead up to 6000 us, Ethereum has done the opposite and dropped back to just under 300 us.
Were any of you disappointed at Ethereum's lack-luster response to fall back so quickly after the Byzantium upgrade?
I have to confess that I was, at least a little.
Many people have mentioned that Ethereum was expecting a price correction at some point, and so apparently this is quite healthy to see it do this.
My general outlook for Ethereum still remains positive, because no one can deny that Ethereum has intrinsic value.
It offers revolutionary technology from finance through to healthcare, and the legal industry.
Smart contracts too were a major trigger for Fortune 500 companies’ interest in the Blockchain, and when you put everything into perspective, the world's banking industry knows how important this blockchain technology really is!
So blockchain is definitely here to stay, and the Ethereum platform is positioned well to benefit greatly from this, and what it offers.
Already a lot of major companies, and players have begun to work with the Ethereum platform, such as Microsoft, and JP Morgan. More recently, one of Russia's largest banks also signed up to the Ethereum Enterprise Alliance, and about four weeks ago, Vitalik Buterin and VEB, another Russian bank, closed a deal to create Ethereum Russia. This is all good news!
Sometime in the very near future Ethereum will be mainstream.
I think the next logical step will be to offer Ethereum derivatives for the American market, and when that happens, it will open the door to even more mainstream demand for Ethereum therefore increasing the price to levels not seen before.
Investing in ethereum is for the long term, it remains a strategic choice for myself, and for many other investors out there. I remain confident it will do well....but as always, the question begs. 'When will the ethereum hit the 1,000 mark? Well, it may be sooner than you think...
What are your thoughts on this? I love to hear all your comments. Do you think Ethereum is a hot investment for the future?
