By CCN: Ethereum has had a fantastic – if expected – turn-around the past few weeks, launching the second-largest cryptocurrency above $250. In the glory days of the ICO run, when transaction fees were high – and demand for Ether was also high – the ETH price sailed over $1,000. What are the odds of that happening now, or soon?
Ethereum: Can ETH Join Bitcoin in Four-Figure Territory?
Ethereum has made serious gains. Will it reach $1,000 soon? Source: Coinmarketcap.com
Ethereum has faced stiff competition from other smart contract platforms, notably Tron and EOS. In the “enterprise” space, there are also several competitors, including NEO, Aelf, and more. Virtually any alternative which is as widely traded and easy to use is going to eat into Ethereum’s market share in some way.
All the same, Ethereum has room to grow.
The godfather of smart contract tokens will be in demand during the “initial exchange offering” boom. These ICO-style sales will be made with more than just Ether, however. Many will be done only for registered users of the crypto exchanges. Exchanges are thus competing with projects to list their token in an IEO first.
Initial Exchange Offerings: Ether’s Next Demand Phase?
In these instances, both Ether and Bitcoin will be useful.
Some feel that Ether is a good long-term hold for now.