Will Ethereum hit $1,500 in 2018? - The Big ETH Vs EOS Debate
Will Ethereum hit $1,500 later this year? According to Reddit co-founder Alexis Ohanian, the cryptocurrency just might. However, while Alexis Ohanian’s ETH price prediction is altogether positive, Ethereum is far from as appealing from an investment perspective, as the cryptocurrency was in early 2017.
Problems With Ethereum That Investors Keep on Ignoring
Ethereum hit the ground running in 2017.
Less than six months after hard forking from the original Ethereum Classic, ETH prices surged from $1.88 to $400. Since then, though, (and despite widespread Ethereum hype) several key factors have significantly marred Ethereum’s long-term investment viability.
EOS Vs Ethereum
The chief criticism of Ethereum at present regards the fact that ETH simply doesn’t seem to be able to scale or adapt fast enough to the growing needs of cryptocurrency users.
Slow transaction speeds and high fees have already resulted in big companies like Kik Messenger and its Kin token, leaving Ethereum in favor of the Stellar network. Much more problematic, however, is the rise of Ethereum alternatives promising everything from infinite scalability to zero fee transactions.
Will EOS Overtake Ethereum?
A recent contender for Ethereum’s crown is EOS. Designed to serve as a decentralized operating system just like Ethereum, EOS is essentially Ethereum on steroids.
Because of the developmental advantages which EOS has over Ethereum, many investors believe that the EOS will eventually mirror ETH’s 2017 growth pattern. The only problem for Ethereum, in this case, is that should that happen, Ethereum could quickly become redundant from a blockchain technology perspective.
How Ethereum is Trying to Stay Relevant
In September 2017, Ethereum began implementing Zcash sourced zk-SNARK anonymity protocols. In future, it may, therefore, be possible to transact ETH tokens with greater anonymity. In like regard, the ETH blockchain is planning to eventually move to a proof of stake transaction consensus algorithm similar to that being developed by EOS.
Ethereum Vs EOS from an Investment Perspective
Sadly, while Ethereum reaching $1,500 by the end of 2018 is a strong possibility, price gains will likely not be the result of EOS equivalent innovation on the ETH blockchain itself. Instead, if Ethereum rises, it will likely only do so in the wake of much more dramatic Bitcoin gains.
Of course, coins like Litecoin, Ripple XRP, and Zcash, do regularly ride Bitcoin’s coattails. The problem with Ethereum is that ETH isn’t designed to be just another altcoin. ETH was created as a high-tech decentralized app development platform and as it is, the blockchain technology underpinning that platform is quickly becoming outdated.
Disclaimer: Do not take this article as professional investment advice. We are not a financial institution.