Ethereum is often overlooked because Bitcoin has better name recognition, but we had to make sure to share two new Ethereum price predictions for the end of 2018.
While ETH prices are sitting under $500 right now, two experts see it climbing to $1,000 or more by the end of the year.
Joseph Raczynski of JoeTechnologist.com believes that ETH prices will reach $1,000 by Dec. 31, 2018.
"They are one of the most real projects to date. Nearly all large organizations are testing on this platform," Raczynski told Finder.com.
Aaron LePoidevin of Every Capital is even more bullish, and he believes the price of Ethereum will reach $1,250 by the end of the year. That's a potential gain of 164.63% from today's (July 6) prices.
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"The SEC clarification should be helpful in the longer term for both ETH and cryptoassets more broadly," LePoidevin told Finder.com.
Here is a recap of the top five cryptocurrencies by market cap as of 10:30 a.m. EST:
|Cryptocurrency||Market Cap||Price||Change (24h)|
|Bitcoin Cash (BCH)||$12,550,753,970||$728.74||-3.97%|
Now here's a closer look at the top cryptocurrency stories of the day…
The Top Cryptocurrency Stories for July 6
- Evgeny Chereshnev of Biolink.Tech Ltd. said this week that he foresees a world in which the majority of cryptocurrency projects collapse. Chereshnev warned that "at least 90% of all cryptocurrencies that exist right now are doomed to fail, die, or would basically be rejected because the people who are primarily interested in them are moneymakers."
- Perhaps it would be a good thing if some of these projects went away. According to cryptocurrency security firm CipherTrace Inc., roughly $1.2 billion has been laundered through privacy altcoins.
- Speaking of illicit activity, a report out of India indicates that members of the nation's ruling government – the Bharatiya Janata Party (BJP) – have been accused of operating a Bitcoin scam totaling $763 million. Several congressional leaders have requested that the nation's supreme court intervene.
- South Korean regulators are now classifying cryptocurrency exchanges as financial institutions. According to local reports, the nation's government is considering a plan to regulate these exchanges to prevent large-scale hacking events and security breaches.