Ethereum To Overtake Bitcoin?
If you haven't heard, Ethereum has gone up 20% within the last day and has had higher trading volume then bitcoin. Within the next day or two, it is very possible that bitcoin could lose it's number one spot.
One reason for the price increase in Ethereum is Okcoin, one of the worlds biggest exchanges, is now adding Ethereum to be traded. This could be that Ethereum gets dangerously close to Bitcoin's market cap. My guess is if they get within 5 billion, bitcoin users are going to start selling bitcoin and hop to Ethereum.
Now, looking in the future, Japan has implemented 100,000+ bitcoin payment systems and is looking to be 400,000+ in the near future. Because of this, Bitcoin and Ethereum are going to be close competitors for the number one spot.
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Such an interesting time to be involved in crypto-currencies. We are living through and witnessing an historic change. Huobi is another Chinese exchange that will add Ethereum trading on Wednesday. I'm starting to think those Ethereum based tokens are going to have a rally as well. You mention Japan in your article, and another currency I would watch is MONA.
http://cryptocoin.cc/table.php?cryptocoin=monacoin
https://www.cryptocoinsnews.com/chinese-big-3-bitcoin-exchange-huobi-launches-ethereum-trading/
this is huge, if ethereum can keep up with Bitcoins trading volume it is just a matter of time before we can close the gap on Bitcoins market cap and it can be done. Just a few endorsements from the big giants in the ETH enterprise alliance can play a significant role in growing Ethereum. Lets go!
I wanted your predictions to come true for eth.. thanks for the analysis.
@cryptowallet I agree... this is significant. I posted a similar article about 16 hours ago in the very early hours of the day, for us living in the USA.
Most cryptos are in the RED today, while Ethereum is STEEMING Higher !!!
UpVoted & Following for 4 days now... Thanks for Your post !!
hold both --- ETH has and will explode as a major chines exchange is picking up ETH tonight (or 4 am EST on 5/31)
Ethereum is also being added to Huobi tomorrow. Get some while you can today while it's only at $228
I have both and it's like having the two best horses in a race, this is exciting !
thanks for sharing
Damn, I'm sorely tempted again. And to think we traded Ethereum for Ripple a while back.
When does OKCoin open for ETH?