Why the Price of Ethereum has Risen Over 5,000 percent During 2017

What’s common between Golem, EOS, Qtum, OmniseGo, Augur, BAT, Iconomi and Gnosis? That they are all cryptocurrencies with market cap of at least $100 million while first three of the list have crossed the $1 billion threshold. That can be said for plenty of other coins, so what makes them different? They are all ERC20 tokens, built on the Ethereum blockchain.

Bitcoin has risen over 1333 percent in 2017, with each month breaking numerous new records. Bitcoin isn’t the best-performing cryptocurrency of 2017 – Ethereum has it outdone.

The price of one Ethereum token, ether, has risen by over 6000 percent since January 2017. Ethereum’s total market value has flown from $700 million to $46.4 billion, which has made it by far, one of the most successful cryptocurrencies of 2017.

Mike Novogratz believes that ether is in a prime position for exponential growth going forwards. The billionaire venture capitalist is optimistic about the recent price trend of the cryptocurrency….


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