The cryptocurrency market is so volatile that it is no longer surprising to hear about percentage gains in three figures. Nonetheless, Ethereum has been a remarkable performer all through and even now in Now in this fifth week of the year, it is time to look at how this coin will do in the coming seven days.
The rising value and utility of cryptocurrencies was, of course, discussed, and Ethereum was mentioned in particular. Unlike other popular cryptocurrencies like Bitcoin and Bitcoin cashEthereum has a lot more uses than just money transfer through the use of smart contracts. We do not know exactly what was discussed, but ethereum price analysis 2018 just goes to show that world leaders are taking an ethereum price analysis 2018 to the technology, if not the cryptocurrency itself.
At the WEF event were also a lot ethereum price analysis 2018 wealthy investors and business leaders who may also see the utility in Ethereum. Several major companies are already using Ethereum including J. Morgan Chase and the Royal Bank of Scotland, and there are more showing increasing interest. Ever since the formation of Enterprise Ethereum Alliance EEAmany major companies have been investing in the Ethereum Foundation, and even more shall be doing so this week; probably even this week.
At first, it seemed that ICOs were the main drivers of Ethereum price growth, but this is no longer true. Even with ICOs occurring only occasionally, the price of Ethereum has still been on the rise. The value of Ethereum has become clear and it is beyond that of just a cryptocurrency. While that may not be a good start, it could only be a price correction. There was a dominating uptrend throughout last week and a major ethereum price analysis 2018 over the weekend.
Therefore, a price correction could be ethereum price analysis 2018, and this could be it. Meanwhile, the technical analysis shows that the uptrend is still active. Instead, a doji candle was formed showing that there was likely going to be a trend reversal to the upside.
As always, technical analysis will depend on the fundamentals in the actual industry. Several hard forks of Ethereum, for example, are being discussed and those could affect Ethereum price. Furthermore, any news coming out ethereum price analysis 2018 week could also affect the performance of the coin. Due ethereum price analysis 2018 this, you should stay alert about the developments happening every day.
Stay up to date with the financial markets everywhere you go. Home - Forex Analysis - Cryptocurrency - Ethereum price analysis and predictions for the week 05 of What factors could affect Ethereum price this week? How will Ethereum fare this week? Comments 0 comment s Click here to cancel reply. Get the most recent news at your inbox Stay up to date with the financial markets everywhere you go. Sign up for updates. View ICO See whitepaper. Find out more here! What is STK altcoin and is it worth investing in?
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