The value of Ethereum, the second most popular cryptocoin in the world today after the bitcoin, has now surpassed $ 600 – something that is the first time in its history. Right now it has reached $ 627, as you can see here.
Although the value of Ethereum is currently nearly 20 times lower than bitcoin, its popularity is rising constantly, while the Ethereum platform is based on a significantly more efficient blockchain capable of managing almost twice as many transactions a day as bitcoin at a lower cost.
Ethereum is a decentralised platform that runs smart contracts: applications that run exactly as planned, without any possibility of disruption, censorship, fraud or intervention by third parties. Ethereum was funded in August 2014 by fans around the world. It has been developed by ETHDEV with contributions from great minds around the world.
Quelenn believes that Bitcoin is almost sure to reach € 20,000 by the end of the year.
In the long run, although the analyst says he expects significant volatility, he believes that Bitcoin will reach six-digit price by 2019/20.