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[BTC/USD] Price Analysis: $10,000 for Bitcoin in 2019 — Is It possible? Of Course!
[BTC/USD] Price Analysis: $10,000 for Bitcoin in 2019 — Is It possible? Of Course!

October’s Official Site Traffic List: Steemit is Leading

  • Alexander Goborov
    🤷 Opinions

    Last month’s site stats show that Steemit is ahead of Binance by almost 1.5 million visitors

October’s Official Site Traffic List: Steemit is Leading
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This week, we have already brought you Ripple 2018: Price and Telegram Mentions, The Top Crypto Dozen by Year of Formation, and Dash’s History of Quarterly Prices and Market Cap Values. Now, let’s look at the latest in site traffic: last month’s stats for the most number of visitors to some of the big web names in the Blockchain:

October’s Official Site Traffic List: Steemit is Leading

Steemit is last month’s leader with over 5.6 million monthly visitors to the site. The company was founded in March 2016 by the programmer Daniel Larimer, the very same one who together with the investor Brendan Blumer later founded EOS through Block.one. Notably, Steemit is not only a social networking site: it uses its own Blockchain to reward Steemit publishers with Steem tokens (position by market cap: 41).

👉MUST READ EOS Isn’t Blockchain, Merely a Cloud Service: Yay or Nay?

Behind Steemit is Binance, a cryptocurrency exchange platform, with around 4 million monthly visitors, despite their recent fallout with the New York Attorney General office (during which other platforms were also implicated). Originally founded in China in September of last year, the company swiftly moved to Japan after the Chinese government’s ban on crypto trading.

👉MUST READ Top 10 Trading Pairs on Binance and Bitfinex Show Interesting Exchanges

In third place, with the figure approaching a million monthly visitors, is LBRY, a platform which is rather different from the previous two in that it is a virtual space where artists and authors can publish their work without any involvement from advertisers or intermediaries. In some ways, it is quite similar to Amazon Publishing, but, naturally, unlike Amazon, LBRY makes use of the Blockchain technology.  

Other websites follow, among them Ripple, Dash, and Stellar toward the end of our list, all with around 200-400 thousand monthly visits. Bear in mind though that many who trade these altcoins often forego their homesites and do business elsewhere, e.g. on Binance (hence its high figure) or via DApps, so these low stats are not always indicative of the correspondingly low popularity.

We hope you enjoyed our list. Stay tuned for more material to come.

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Ethereum Price Predicted to Climb in the Long Run as Buterin Explains Need for Higher Coin Values

  • Jack Thomas
    🤷 Opinions

    Vitalik Buterin, the co founder of Ethereum, has come out and said that while the price of a coin is not that important, it is still a good thing for ETH to rise. He made mention of security, and the ecosystem development being better when the price of Ethereum is higher.

Ethereum Price Predicted to Climb in the Long Run as Buterin Explains Need for Higher Coin Values
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Contents

Ethereum is in a key phase of its development, having pioneered the smart contract blockchain. It is now in a position to take things further and grow its ecosystem as it looks to, for one, switch its algorithm from proof-of-work to proof-of-stake.

This development of the ecosystem will no doubt have an effect on the price of the Ether token, but more than that, Ethereum’s co-founder Vitalik Buterin has said that a higher Ethereum price is good for the development of the Ethereum ecosystem, as well as adds a higher level of security.

Essentially, it is a double-edged sword as the price of Ethereum is expected to rise when any cryptocurrency project is doing well, but the long term price prediction is then expected to rise, as Buterin adds it will help improve the project further.

Buterin’s beliefs

Buterin made his comments during an interview for Laura Shin’s crypto-focused “Unchained”.

In response to Shin’s question as to whether protocol designers and project leaders should be focusing on the question of a cryptocurrency’s price, Buterin spoke of how the Ethereum project had explicitly downplayed the importance of the asset’s value earlier on in Ethereum’s history.

“In part, it was counter-signaling to distinguish ourselves from other crypto projects that do pumping and lambo-ing way too much. But it was also about minimizing legal risk by basically trying to make the project seem more distant from something that would be covered by financial regulation.”

However, he has now gone on to explain that in today’s context, the price does in fact have a part to play.

“I can tell you what things are clearly important about why the price being higher rather than lower is good. One of them is obviously security. If the price is zero, then the network can’t be secure. That’s true in proof-of-work and proof-of-stake,” he added.

Long-term price prediction

With this being said, it makes sense that the price of Ethereum is thus being aimed at long-term growth. The project itself is working on improving its own worth and value as a blockchain project, and in that, the price of Ether should also naturally rise.

And, with a focus being on the importance of a higher price adding to the value of a blockchain project, this could even compound the growth of Ether's price in the long run.

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