Ethereum has had the most rapid growth in 2018, after surging in 2017 too. At this point, the cryptocurrency has regained the second place in terms of market cap and is standing behind Bitcoin as the second biggest cryptocurrency out there.
Now, a lot of this has to do with latest news in the crypto world coming from Ethereum’s flagship smart contract system that (again) seems too revolutionary and focused on setting the digital currency apart from Bitcoin. After all, this is what made Ethereum popular among the masses and what made it become the leading platform for ICOs, allowing developers of all backgrounds to use it in their own applications.
Big news come from Ethereum advisor Steven Nerayoff this week. In an interview with CNBC, Nerayoff said that the open-source functionalities could lead to mass adoption for a wide array of Blockchain applications.
As he said:
“You’re seeing a tremendous amount of growth across a wide variety of industries. Fintech is actually the natural area, but now you’re seeing it becoming increasingly more creative — you find projects in the oil and gas industry, you’re finding government using it in their applications, you’re seeing it in gaming, all kinds of different areas.”
A great example of the success of Ethereum is CryptoKitties, an app that adopts Ethereum’s blockchain and a popular online game that was so successful that it placed a massive strain on the network as it became the biggest dapp out there.
Nerayoff also pointed to the growth of Ethereum in the years to come, saying that “the entire space is increasing” and that “there is huge interest by the public with more areas where the public can invest”.
At the time, Ethereum is sitting at a market cap that is worth $116 billion.