Even traditional financial media have noticed the strong rise in Ethereum. “The market cap of ethereum will bypass the market cap of bitcoin by the end of the year,” says Fred Wilson, co-founder and managing partner at Union Square Ventures, also chairman of the board at Etsy Inc.
Bloomberg admits that Ethereum is gaining market share extremely fast.
Bitcoin’s market cap almost crashed from 90 percent (early 2017) to less than 50 percent (today), compared to the combined market cap of all cryptocurrencies. In that same period of time, Ethereum has quadrupled its share, which now represents more than a quarter of total cryptocurrencies.
Olaf Carlson-Wee, chief executive officer of cryptocurrency hedge fund Polychain Capital, believes that the value of Ethereum surpass that of bitcoin by the end of 2018, a year later than the forecast made by Fred Wilson
Why is Ethereum rising that fast? Because it has a “much richer, organic developer ecosystem develop very quickly.”
Our readers may think that these predictions are not realistic. At EthereumPrice.today we have several decades of combined experience in markets, and we can only confirm that this amazing growth is rational. We are nowhere near a stage of irrational exuberance. That will come at a certain point, but, specifically for Ethereum, this is just a raging bull market at this point driven by fundamentals.