2018 to be the Year of Cryptocurrencies Yet not of Bitcoin
February 15, 2018
Greg Adams, the owner and managing director of cryptocurrency news site blokt.com believes Ethereum to be way ahead for cryptocurrency systems.
“For the time being, I don't believe that bitcoin is dead. I do believe, however, that we'll begin to see a more significant shift in market dominance from bitcoin to other cryptocurrencies throughout 2018.
As people become more educated on the specifics of each currency, they'll move their money to projects with the better tech. I can see projects like Ethereum, EOS and ICON picking up steam this year, at the expense of Bitcoin.
Bitcoin has become a bit of a dinosaur in recent years, and its fate could be similar to that of the Sony Walkman”, Adams noted.
According to the expert’s predictions, Ethereum will be traded from 2000 and 3000 USD by the middle of 2018 and from 5000 to 7000 USD by the end of it. Adams also said, he would be stunned if Ethereum is not at the top of crypto market by the end of the year.
One of the grounds for Adams putting high hopes for Ethereum is sharding. This is a horizontal data distribution in database or search system. Every single part is called a shard. Each shard is stored at separate database server to spread out load.
It is also to be remembered, Ripple has outranked Ethereum in the list of cryptocurrencies at the beginning of this year.
Yet Olga Feldmeier, CEO of Smartvalor and devoted Bitcoin supporter, believes the forerunner of cryptocurrencies may reach up to $100 000 this year.
As she put it:
“In short: BTC is going to stay a highly volatile and speculative asset for the next several years. Overall trend will be price increase with huge swings and volatility break outs in between”.