HomeTrendwatching Want to join InvestingHaven’s research team?Interested in analyzing markets, charts, stocks?Contact us >> An Ethereum Price Forecast Of $1000 Investing Haven Newsletter ">SENTIMENTEth predictions for 2017?(self.ethtrader)submitted by How do you guys feel about the surge right now.Do you think its a price that could hold relatively steady where its at or do you think we are going to continue climbing up in value or plummet back down?JUST LOOKING FOR OPINIONS AND PREDICTIONS/DISCUSSION FOR 2017. π Rendered by PID 12161 on app-521 at 2017-06-24 11:05:06.727067+00:00 running 3522178 country code: SG.Bitcoin has more than doubled in price this year alone, but it has been outperformed by its closest rival Ether, which is up over 2,300 percent.On January 1, bitcoin was trading at the day's high of $1,003.25.On Wednesday, it broke through the $2,300 barrier for the first time to hit a fresh record high of $2,377.32, according to CoinDesk, marking a year-to-date rise of 137 percent.

To find out what's driving bitcoin's rally, read more here.Meanwhile, bullishness around bitcoin has stoked appetite for other cryptocurrencies.One in particular known as ether is getting traction.This represents a 2,367 percent rise year-to-date.Ether runs on an underlying technology called Ethereum, which is a different blockchain to the one that underpins bitcoin.While ether does have digital "coins" like bitcoin, companies are more focused on how the Ethereum blockchain could be used in real-world applications.Ethereum has been designed to support so-called smart contract applications.A smart contract is a computer program that can automatically execute the terms of a contract when certain conditions are met, potentially taking a lot of the human involvement out of completing a deal.Barclays for example, have used a form of this technology to trade derivatives.How is it different to bitcoin?Firstly, Ethereum is a lot younger having only been started in 2014, whereas bitcoin began in 2009.

Ethereum is also focused on smart contracts, while bitcoin is very much about payment technology.Why has ether rallied so much?While bitcoin has been getting support from certain governments and investors, the Ethereum blockchain has been backed by corporates wishing to use the technology for smart contract applications.A group called the Enterprise Ethereum Alliance (EEA) was recently founded to connect large companies to technology vendors in order to work on projects using the blockchain.litecoin linuxCompanies involved in the launch include JPMorgan, Microsoft and Intel.best bitcoin hardware wallet redditOn Tuesday, the EEA announced another 86 firms joined the alliance, which is adding growing legitimacy to the cryptocurrency.ceo bitcoin exchange found dead

At the same time, the rally in bitcoin has seen investors turn to alternative digital currencies as well as attracting a broader investment base.A year ago, over 83 percent of ether buying happened with bitcoin, according to data from CryptoCompare, showing that it was mainly crytocurrency enthusiasts interested in it.As of Wednesday, bitcoin accounted for just over 32 percent of trade while fiat currencies such as the U.S.bitcoin seed fundingdollar and Korean won have risen sharply.bitcoin price widget android"Yes the direct fiat flow options are a fleshing out of the ethereum ecosystem and show its broad appeal," Charles Hayter, CEO of CryptoCompare, told CNBC by email.bitcoin nodes counterWill the rally last?bitcoin mining laptop gpu

Not all in the market are convinced that the ether rally will last.Bitcoin trader Jason Hamilton is worried that products like Ethereum could be cloned."People are buying a specific blockchain, but the big interests are in the technology.They'll probably make their own clones and the ether tokens everyone is buying won't be used for much except trading.Who knows, though," Hamilton told CNBC via a direct message on Twitter.bitcoin tycoon"I don't usually trade ether.bitcoin hvI'm afraid of that bubble bursting, but it could go on bubbling up for a long time still."This article is published in collaboration with Scutify, where you can find real-time markets and stock commentary from Robert Marcin, Cody Willard and others.Download the Scutify iOS App, the Scutify Android App .Buz Investors Best Digital Currencies Digital currencies have proved lucrative for tech-wise traders, but where should you put your money in 2017: Ethereum or Bitcoin?

Both the Ethereum value and the Bitcoin value skyrocketed in recent years.In order to figure out which of them is headed for a repeat performance, we need to take a closer look at what each cryptocurrency brings to the table.Bitcoin is obviously the biggest player in town.It has become the public face of digital money, which gives it a leg up over Ethereum.The increased exposure resulted in Bitcoin's massive market cap, its ascendancy to safe haven status, and its vast library of third party apps.OTHER STORIES BUZ INVESTORS FOLLOWS Late in 2008, a mysterious paper was posted online under the name Satoshi Nakamoto.No one quite knew who this person was, where he lived, or what his credentials were.But he laid out a blueprint for what would become the Bitcoin platform we know and use today.(Source: "The Rise and Fall of Bitcoin," Wired, November 23, 2011.)The paper was titled "Bitcoin: A Peer-to-Peer Electronic Cash System."Two months after it was first published, Nakamoto released the first version of the Bitcoin platform that allowed for users to mine a total of 21 million bitcoins by the year 2040.

The first block of Bitcoin, known as the "Genesis Block," was mined.Then the first transaction took place.The wheels were turning.What happened over the next few years was remarkable.Ambitious entrepreneurs joined the Bitcoin community and started mining, launching Bitcoin exchanges, and adding vendors to the platform.They had two goals in mind: The Ethereum Project came into existence much after Bitcoin.At first, a lot of people wrote it off as "just another Bitcoin imitator," but then they realized this cryptocurrency has some truly unique features.These features-smart contracts and the Decentralized Autonomous Organization-could help Ethereum attract more users and developers, thus causing its price to explode.But before we slap a price target on Ethereum, you should probably understand what makes these features so special.In the waning months of 2013, a young programmer named Vitalik Buterin wrote a white paper on blockchain technology.He believed that the technology could be used for more than just payments; in fact, he argued that Bitcoin's core technology has countless applications in other fields.