Where Will Ethereum’s Price Go Towards The End of 2017?Dr Tamer Sameeh Published on June 14, 2017 at 1:35 BST Even the most optimistic observer could not have ever predicted that ethereum’s price would jump from $8, in the beginning of the year, to approach the $400 mark within 6 months.Given the fact that its price rose by around 5000% during the past 6 months, ethereum is by far the top gainer among all altcoins in the year 2017.So, where will price go towards the end of the year?Will it continue rising?or is this bullish rally a big bubble that will burst soon?Why is Ethereum a Unique Cryptocurrency?Even though many observers might think that ethereum’s recent price surge is just a bubble that will burst sooner or later, others, including me, think that this is just the beginning of the public’s perception of the real value underlying ethereum.Ethereum advocates may go as far as claiming that ethereum is even more valuable than bitcoin itself for many reasons such as: Ethereum is resistant to ASIC miners, which promotes decentralization of the mining process.

This is apart from bitcoin mining which is more or less centralized in huge ASIC mining farms in scattered parts of the world, mainly China.Ethereum simplifies the implementation of “smart contracts”; thanks to its Turing complete programming language that permits the creation of smart contracts representing financial agreements such as bonds, swaps, options….etc.Smart contracts are executed on the “Ethereum Virtual Machine” EVM, in exchange for “ether” gas.As such, ethereum can totally transform the future of global finance.New cryptocurrencies can be issued in the form of digital tokens on ethereum’s blockchain, using a cryptocurrency smart contract.Moreover, decentralized applications (DAPPS) are apps that utilize smart contracts to create decentralized apps that run on the EVM.The number of coins issued on ethereum’s blockchain is growing steadily e.g.Predicting the price of ethereum towards the end of 2017: We will try to predict where will ethereum’s price go towards the end of the year, using analysis based on the rate of rise of ethereum during the past 6 months.

To do this, we will use the “Gann Square” to predict the price of ethereum towards the end of December, 2017.It is worth mentioning that Gann’s chart analysis techniques are rather complex and use a combination of mathematical, calculus-based and even astronomical analysis methods.bitcoin iso codeLet’s take a look at the 1 day ETHTUSD chart from Poloniex, and plot a Gann Square starting from the 1st of March, all the way down to today (14th of June) (Look at the below chart).bitcoin for sale in ghanaNow, let’s plot a trendline that extends between the candlesticks corresponding to March 1st’s and June 14th’s trading sessions.ethereum online trainingNow, we can predict the price of ethereum towards the end of December, by extending the trendline to intersect with Gann’s rings.bitcoin cafe library

As we can see on the below chart, ethereum can hit $1200 by the end of the year, if it keeps rising along the same rate of rise during the past 3-4 months.bitcoin ceo thailandConclusion: Ethereum has been skyrocketing since the beginning of the year, recording around 5000% gains.litecoin blockchain dataHypothetically, using the Gann Square, ethereum price is predicted to hit $1200 if it continues to rise per the same rate of rise during the past 6 months.uber ethereal quotes Posted in Ethereum, Ethereum Op/Ed, Smart Contractsbitcoin private key algorithmIn Brief Gnosis, a decentralized prediction platform built on the Ethereum blockchain, has officially launched with a goal of becoming "the world’s most efficient forecasting tool."bitcoin fraudsters

Gnosis auctioned off all of its first round of digital tokens in less that 24 hours, bringing in millions for the company.The Launch of Gnosis Like any beloved ’90s sitcom, ConsenSys, an Ethereum development firm, is getting a spin-off.However, unlike “Joey,” this one is poised to be a success.The development of Ethereum, the network, has many incubation projects under its umbrella.And Gnosis just blossomed into its very own startup, splitting off from ConsenSys with a new headquarters and a beta launch in August.That was followed by an official launch this week.“[Gnosis] will still have very strong ties to ConsenSys, but we are now our own company,” the startup’s co-founder, Stefan George, told Coindesk.Gnosis is a decentralized prediction platform built on Ethereum.Developers can use the platform to create a prediction market for any event, such as the Super Bowl or an art auction.People can then voice their prediction by buying “shares” in one outcome or the other using Gnosis tokens.

This can be done with a simple tweet.The event’s final outcome is determined by one or more oracles — human, hardware, or software agents that find and verify the outcome of a real-world event and then submit it to a blockchain.Those on the winning side of the prediction can then redeem their shares for money, while those who predicted incorrectly suffer a financial loss.Gnosis held an auction of these tokens MMonday, reaching its goal of selling 250.00K Ethereum in under 15 minutes, giving it a market cap of $300 million.With digital tokens in hand, owners are now free to start predicting.A Better Predictor While polls can be a useful predictor for future events, they have flaws.Because there’s no penalty for being wrong, anyone can contribute to a poll, even if they don’t actually have any knowledge of the subject.For example, someone who has never seen a football game may still be willing to contribute to a poll asking who will win the Super Bowl because they have nothing to lose if they’re wrong.