Why Ethereum could make you very rich soon!!
Can Ethereum make you rich? As a miner and regular investor of the currency, I believe it can. There is no sure way to get rich quick, but investing in Ethereum can get you there sooner. "Rich" is a relative term, but if you are looking to make money, Ethereum is a good bet (with the exception of Steem). You definitely will get a return based on what you put in.
Over the past couple of weeks we have seen Ethereum take the world by storm dominating a number of headlines for a number of different reasons. For those who are not familiar, Ethereum does for programming and computing, what Bitcoin does for payments. It has it's own blockchain, and is functionally different from Bitcoin and other crypto-currencies, yet still co-exists with them all.
Ethereum's goal is to make a decentralized internet. And it has a very good shot at becoming "the new internet," literally. It could one day replace a lot of technology and ways that we host and execute code online according to Brian Evans - inc.com
How far will it grow?
Reasons for Growth:
- The Enterprise Ethereum Alliance is what initially spiked major interest (and shot up the price in the past week). Just a few days ago, 86 very large, well known, and influential companies joined the alliance. - This not only brings a large amount of support, but also a certain level of legitimacy.
- Media exposure both in recent news, various industries, and television shows like Silicon Valley (One of my favorite) have already begun to bring Ethereum into the mainstream.
- Large global support and adoption from various countries such as the US, China, Korea, and various European countries. On May 27, Huobi, one of the three leading bitcoin exchanges in China, officially integrated support for Ethereum trading
- Continuous development and ongoing projects utilizing Ethereum technology and blockchain
With this much attention, it is impossible to not imagine this as only the beginning.
How can this make you rich? Simple... Invest Early and Invest Now. The price has just recently hit a new milestone of $200 per coin and this is only the beginning. Many are predicting $500+ in the short term and possibly even more in the future as more developments are made.
According to Cryptonews.com
The digital currency has taken this space by storm, rising from almost nothing less than two years ago, to now lead on many fronts. Certainly in innovation and developers interest, but also adoption by household brands, the number of projects, the security of its blockchain, and more.
The platform has created its own ecosystem through token ICOs which some suggest may act as an alternative to advertising, may create new business models, and may disrupt the Venture Capitalist business, continuing to get rid of middlemen.
Ethereum's growth not only seems inevitable, but also unstoppable. The currency keeps racing ahead, eyeing that first position, with some investors and analysts suggesting it may overtake bitcoin’s market cap by the end of the year. Even if it doesn't, we are in for an exciting journey.
If nothing else, it will definitely make it's mark in shaping the future of digital currency and the underlying technology and pave the way for the future technologies to come.
As a note of precaution, this is not a guarantee that you will make money by investing in Ethereum, but strictly my opinion based on information I have on hand and a strong belief in the technology. As usual, you should only invest what you are willing to lose and
As always Thanks for reading and keep on Steeming!!
Please let me know what you think in the comments below
Thank you for your informative article on ethereum. This article has spiked my interest and I will do more homework and decide whether to invest.
Disclaimer: I am just a bot trying to be helpful.
Ethereum took over the 24 hour volume crown from bitcoin for the first time in history. It is a new era for sure getting the market cap is a different story.
It is a fan ride.
Yup. More good things to come!
loving the ETH upward movement! surprisingly i hear a lot of the big names talking down about it which kind of sketches me out but as always ive just HODL'd through everything @cloh76
Gotta follow your guts. Mine tell me to wait and HODL.
Price is at $231 now
Took my sweet time putting in a buy order this week, now I don't want to chase it. I'm waiting for the next pullback (if there is one) and opening a position, looking to diversify some steem I have in bittrex account.
Always good to diversify. I think once it hits $300 there will be a slight correction before heading up some more.
Very informative thank you!
I like Ethereum. But I have written an article on investment returns since January 1st, and NEM (XEM) has outperformed Ether.
https://steemit.com/nem/@doyoueatdolphins/is-nem-xem-a-better-investment-than-ethereum-eth
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