The second half of this year hasn't seen much growth out of Ethereum since last summer. The question now is what does the future of this crypto currency look like and what might create an uptrend in the price? Here are a couple things to consider before investing in or selling your Ethereum.
1. The United Arab Emirates are working to replace their currency with a blockchain, most likely Ethereum, by 2020. This could create a surge in buying and an inflated price for Ethereum, which would make a nice opportunity to profit in the near future. Dubai is also expected to transfer all of their government documents onto a blockchain by that time, since it would be more secure than leaving it on a server somewhere.
2. Unlike Bitcoin, Ethereum could be favorable for our government. It would allow for more secure smart contracts and would help prevent fraud. It's a very democracy friendly crypto currency. Depending on whether regulations get implemented or loosened, this could have either a positive or negative impact on the purchase of Ethereum in 2017. Outlook in the U.S. looks positive with a business and technology friendly president-elect.
3. Everything in the crypto currency realm seems to revolve around Bitcoin somehow. If we see an increase in the price of Bitcoin, then you can bet that Ethereum may follow suite. The volatilily of these cryptos makes them a major gamble, but could pay off big if you pay close attention and refrain from missing that next spike. If Bitcoin hits $1000, I would sell it. In the case of Ethereum, I think there is a glass ceiling still waiting to be shattered. Look for uncertainty in the market or irrational exuberance.
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