The markets are showing the hope in the future potential of the ethereum network and ecosystem. There is a growing sense that Ethereum can do what bitcoin does and there is a panic to clamber onto the bandwagon.”

Bitcoin, has surged from $640 to $720 in the past one week. The digital currency has been exhibiting some promising trends this year, in spite of facing drastic setbacks following multiple hacking incidents. As Bitcoin price continues to rally upwards, the expectations for the digital currency’s performance in the coming year is at an all-time high movement in 2017.my prediction for 2017 is bitcoin will likely trade above $1,000.

So much so that 15% of banks world wide expect to widely implement blockchain, which is a ledger of transactions updated in real time by various institutions, by next year, according to the report which surveyed 200 global banks.

These banks, mostly medium to large-sized institutions, are focusing their blockchain technology on three areas: consumer lending, retail payments, and reference data, which refers to the real-time information sharing of transactions across business divisions and institutions.

In four years, IBM says that 66% percent of banks expect to have blockchain in commercial production and at scale.