Can Ethereum Price Gain Back to $400?

Can Ethereum Price Gain Back to $400?

Ethereum Price Gain in 2017

Ethereum is one of the best performing cryptocurrencies in 2017. It experienced a 2800% increase in Ethereum price in the last year and is according to some speculators, will overtake Bitcoin in 2018. Since the currency’s inception in 2015, it has been growing and so there’s a lot of people looking to invest into digital currencies. Recently, the currency hasn’t been doing well in terms of Ethereum price on exchanges, but we see that changing now.

In the past, Ethereum has been called a hacker’s paradise due to the number of vulnerabilities rising as the currency gains traction. The hacker exploited a critical vulnerability that existed in the code and was able to get off with over $32mn from private accounts. So, it shook the whole Ethereum community. Just after news of the hack came out, Ethereum price dropped by 15%, from $230 to $200. It’s been facing these kinds of difficulties with widespread adoption since people are uncertain whether the currency has a future.

Will Ethereum Price Climb Back to $400?

Since the time when Ethereum price was at $400, it had almost fell by 50% and people grew worried. However, with the recent wave of ICOs, Ethereum has been gaining stability and is growing slowly. Just in the August, the Ethereum price has gone from $220 to $380 at the end of August. It’s a steady rise, compared to other currencies like Bitcoin Cash. We don’t really get to see this in this volatile market. For us, Ethereum is set to overtake $400 and rise further, due to this newfound stability and the recent wave of ICOs coming.

ETH-graph-1024x410 Can Ethereum Price Gain Back to $400?

Where to Buy Ethereum

You can purchase Ethereum at many exchanges which are trading Ethereum, such as Coinbase. The Coinbase platform is quite intuitive and easy to use, beginners who are adventuring into the world of Ethereum will find it’s very informative and reassuring. The broker has been one of the most popular and prominent in the industry since Bitcoin came out. The company recently got more funding, making it the first blockchain industry unicorn.

Is Coinbase Safe?

Coinbase is one of the safest Bitcoin and Ethereum brokers in the business. The company has received well over $100M and has a valuation of $1Bn now. Coinbase registered a patent quite recently which allows them to make online payments much more secure to reassure people. Unfortunately, it was all pretty easy for hackers to access the private key but with this patent, that will change. Coinbase hopes that users will be able to realize that the payment systems are much more secure and will trust the platform in the coming years. The patent relates to how the private key in transactions can be masked, with pretty much no vulnerability. So, you can be sure that Coinbase is working on making online wallets much safer so that people can use the website securely.

Check out our article on the best Ether Broker to find out more information about where to purchase Ethereum!

view more articles

About Article Author

Michael Serrano
Michael Serrano

Michael is an engineer and a bitcoin evangelist. He has been involved in cryptocurrencies since 2013. His biggest wish? 1 billion users of bitcoin, ether and litecoin by 2020. In the last 10 years he has worked for various early-stage start-up as a back-end developer.

View More Articles