Summary: AMD, in its Q4 earnings call, revised its cryptocurrency exposure up to high-single-digits, while an analyst noted that the “amount of hash compute being added to Ethereum in January is more than the whole of Q4.” This is a huge deal! Despite the pullback, if you bought Ethereum on the first day of 2017, you still made an incredible 11,171%! Yet, even sophisticated Wall Street investors do not understand even basic crypto concepts, like the fact that there is much more to the market than Bitcoin. That means more opportunity for the rest of us.
After highlighting Ethereum in my previous article, it managed to shoot up and breach the epic $1,000 mark today before dropping back down to mid 900s at the time this article was written. In that article, I talked about the tech behind ETH and how it is poised to be the top Blockchain platform of 2018, potentially stealing the spotlight from Bitcoin (COIN, OTCQX:GBTC). In this article, I will focus on some key metrics that lead me to believe that ETH will be a breakout performer once again in 2018.