RATE Group | Ethereum cryptocurrency predicted to experience global breakout
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Ethereum cryptocurrency predicted to experience global breakout

09 Nov Ethereum cryptocurrency predicted to experience global breakout

Posted at 03:14h in Cryptocurrency News by

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Ethereum, currently the second largest cryptocurrency after Bitcoin, will experience a “monumental, defining global breakout” when smart contracts can accept outside data

The bullish prediction from influential technology expert, Ian McLeod of Thomas Crown Art, comes as Ethereum’s price jumped 4% on Monday, adding some 8% over the last week, to trade at highs of $210.

Mr McLeod comments: “Ethereum is back in bull territory and is on track to enjoy considerable gains before year-end. I maintain that we can expect Ethereum to hit $500 by the end of 2018 and go on an overall upward trajectory throughout 2019.

“However, what will be the monumental, defining driver for its global breakout? Oracles. Oracles link Ethereum-run smart contracts to the real world and will be responsible for the digital currency to enter an entirely new phase of mass adoption.”

Oracles are trusted data feeds that deliver…

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