In just one year, Ethereum (ETH) has risen in price from AU$13.98 to AU$348. With a market cap of $26 billion, it’s second only to bitcoin in terms of its network value.

Naturally, this has led to a lot of interest and cheerleading from investors, speculators and traders alike.

But this is not just another crypto caught up in the latest hype. And it’s not just a bitcoin clone.

In fact, it’s completely different. And it’s probably the most ambitious and exciting crypto project out there at the moment.

Ethereum Price could rise even further

It could even turn out to be the one cryptocurrency that every other cryptocurrency relies on.

And not just cryptocurrencies…

Potentially, it could underpin the wheels of commerce and business in a completely new way.

As you may know, a lot of the recent ICOs (initial coin offerings) have used Ethereum ‘under the hood’.

This is partially the reason for Ethereum’s massive price rises.

But the core of the technology is more than that.

So, what is Ethereum?

Ethereum is a platform that’s built specifically for creating smart contracts.

A smart contract is code that executes code exactly as it has been set up by its creator. By combining this with blockchain technology it potentially automates a whole series of actions that previously required humans to check and verify first.

This could revolutionise all types of industries, from supply chain management to healthcare.

And beyond that it could even facilitate new types of business structures such as Decentralised Autonomous Organisations (DAO’s).

These are organisations with no top down management. But a series of community driven decisions that set rules on how the benefits are shared.

The possibilities are endless.

The CBA Crash Proves Why Crypto Will Beat Banking

This is exactly one of the reasons why a decentralised crypto based system will be better than the centralised banking systems we rely on today. And as you’ll see from my Crypto Tech Investor essay, it’s not the only problem we face when dealing with banks.

Crypto: Mainstream or Not?

I wondered, is crypto really mainstream? Or is it still just a fringe idea, an edge of the bell curve concept that most people still have no real idea about? My conclusion is that most of the mainstream say they’re in crypto, but the reality is they’re really not.

How to Run the Perfect ICO — Part One

The world of ICOs and crypto projects is rife with fraudsters like these. And the sad thing is that these scams overshadow all the projects that have real teams, real operations and real potential behind them. But having seen enough, knowing what works and what doesn’t, I’m going to explain exactly what makes for a great ICO.

A Challenge to The Crypto Throne

During the recent crypto-frenzy, ethereum reached a peak of US$1,420 per token. The current price represents a 14.8% retrace from the high, compared to bitcoin’s 42.1% retrace. Traders are beginning to look at ethereum as the next leader in the cryptocurrency world.

How We Made an 8,368% Gain

What was around US$1,500 a week and a half ago is now worth US$5,015. Thanks to completely forgetting about a Bittrex account, we are sitting on an 8,368% return on our initial US$59.10 outlay.

What Will the Price of Bitcoin Do in 2018?

If you think the mainstream has become addicted to bitcoin, wait until they get their first taste of altcoins. You thought 2017 was big, you ain’t seen nothing yet. 2018 is flat out going to blow the roof off.
Money Morning Australia