The Ethereum Coin and network have been poised to compete with their likes of Bitcoin for a while now with the market cap making its way to more than half of the market cap of Bitcoin itself !
The problems have already begun showing as the entire ethereum network was brought to a crawl during the Satus ICO. The ICO did raise well over 180 000 Ether Tokens in funding but essentially clogged up the entire network slowing transactions for other users using the token too. This sadly caused many holders to quickly sell their tokens while shorting markets as the limited availability of tokens caused considerable panic.
â€œThere might be many different scenarios how [the scaling dilemma] could unfold. Therefore I expect there will be quite some price volatility or maybe â€˜flippeningâ€™ to other chains like ether,â€ he said. â€œThis might be the event that makes ether more valuable than Bitcoin by market cap.â€
The current solution purposed for the future of Bitcoin remains the segwit2x project which while having the support of the majority of miners and developers, has left many consumers split regarding the nature of the blockchain after implementation as essentially two protocols may be developed. There will be Bitcoin core which is the current blockchain and the future, Bitcoin unlimited. This is predicted to be disruptive but the fact remains your Bitcoin will remain safe no matter what the outcome is. This is also the challenge presented to the ethereum platform which has seen its very own blockchain grow much larger than Bitcoin, rowing to well over 200GB, making it unmanageable and inaccessible for many.
To conclude, the prices of Ether are currently reflecting a bullish trend it would be unadvisable to purchase Ethercoin currently. The question does remain how the coin will adapt to its growing user base. While few actually make use of the ether coin itself, it is the strain being placed on the network from huge ICOâ€™s which rely on the platform to accommodate funding needs. As with many analysts itâ€™s been advised to monitor the markets for further movements as depending on the solutions brought by the development team to growing transactions fees, a huge and unmanageable blockchain, Ethereum may yet be able to withstand the growing pains that Bitcoin too is facing.