“People say you can’t run everything in the world on the blockchain, but I really, really think it’s possible,” blockchain guru Joseph Poon said to CoinDesk back in August. (Source: “Ethereum + Lightning? Buterin and Poon Unveil ‘Plasma’ Scaling Plan,” CoinDesk, August 12, 2017.)
Poon knows what he’s talking about. He co-wrote the initial whitepaper for Bitcoin’s “Lightning Network,” which is key to scaling the cryptocurrency. And, more recently, he worked on a roadmap for Ethereum with none other than Vitalik Buterin, the founder of Ethereum.
Both men believe that Ethereum can eventually become a “world computer,” replacing all the server farms from Google and Amazon. It’s important to remember this endgame because cryptocurrency volatility is blinding on a day-to-day basis.
One day of double-digit gains makes you feel like Leo DiCaprio at the start of The Wolf of Wall Street. Meanwhile, a big swing to the downside makes you feel like…well, Leo DiCaprio at the end of The Wolf of Wall Street.
Don’t let either of these scenarios distract you from the big picture.
Our Ethereum price forecast is based on its fundamental growth. There are three major catalysts for this trend, and that’s what we should be watching.
If you’re wondering, no, we are not referring to Raiden, the thunder god from Mortal Kombat. (Which, by the way, always struck me as weird. If he has the power to conjure lightning, why call him the “thunder god”? Those are two separate things.)
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