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RE: Dana's current 2018 crypto price predictions and suggestions

in #crypto7 years ago

I agree that 2018 is going to be a big year for the crypto market. I expect to see a huge amount of institutional money flowing into the space that will the propel the market higher. The corrections this year have not been pleasant, but were necessary for the long-term health of the market. Nothing goes straight up forever and the market was up huge last year. Even though I expect the overall market and quality coins to go up this year, the truth is there are a lot of scam coins out there that I believe will suffer severe price corrections and many of which will go to zero. Again, that's a sign of a healthy market.

The one area where I have a different opinion is in the price of ETH. Ethereum is popular for issuing new tokens, but the network is slow and cannot handle too many transactions at a given time. I know the developers are working on fixing that, but it's not clear at this time how that's going to be done. Until Ethereum is able to scale, it will not be a viable platform for enterprises and will serve a niche market. Stellar is much faster and has the capability to also issue tokens.

I hope ETH can go up big but I'm not convinced at this time.

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