Ethereum is rising against all competitors... including Bitcoin.

Ethereum, the blockchain that is the basis of many present and future cryptocurrency technologies, is moving upwards with what seems to be unstoppable momentum. As more and more ICO's are launched, the Ethereum blockchain is proving to be up to the task of providing the backbone for the plethora of new coins and tokens on the market.

Could Ethereum give Bitcoin a run for its money? Bitcoin has been in the doldrums as of late, with frustrations mounting over transaction fees and overall slow network performance. Many of these issues could be alleviated with future improvements such as Rootstock and the Lightning Network, but for the moment, Bitcoin is losing its lustre.

Ethereum seems to have a great deal of momentum and at the present rate could see prices above $2000 USD in the near future. The tokenization system of Ethereum, along with its ability to offer smart contract solutions, gives it a broad appeal to many applications.

As more announcements of institutional adoption come to the forefront, such as governments adopting Ethereum technology for legal contracts in Brazil see this article, we may continue to witness substantial and rapid growth in Ethereum value.

But don't count Bitcoin out. With Rootstock, Bitcoin will also have the ability to implement smart contracts. The Lightning network will also give Bitcoin a major speed boost. Competition will encourage innovation in both technologies. That's the beauty of a truly free market.

*This is not professional trading advice - just my opinion!

sources:

https://cointelegraph.com/news/brazilian-government-plans-to-process-petitions-and-write-laws-on-ethereum

http://mashable.com/2017/06/22/ethereum-flash-crash-cryptocurrency/#0mMVX.uNPOqD