Ethereum has been gone PARABOLIC. The hockey stick pattern has been formed in a nearly upward direction, defying gravity!
The price hit $400 and has since taken a much needed breather.
Market Cap
It’s market cap has been catching up to Bitcoin and will most likely surpass it in the near future. Funds have been finding their way into Ethereum at an ever-increasing rate.
If the market cap increases, we can say with certainty that the price will go up as well.
I expect the price of Ethereum to increase and my expectations are that we could see the price of Bitcoin and Ethereum to be at the same level. Just imagine the price appreciation potential.
Possible Setbacks
The Mt. Gox hack was the biggest event in cryptocurrency news. At that time, Gox was practically the only player in town. Today however, there are hundreds of exchanges. That increases the security and reduces the chances of this happening again. Having said that, hacks, glitches, and outages could happen again and could give short or medium term disruptions in the price.
The Bitcoin hard fork. The community is split on this decision and I have reason to believe this will cause short term volatility. As a result, more money could flow into Ethereum.
Ethereum is supposedly moving from Proof of Work, over to Proof of Stake. This could be beneficial for Ethereum but every change can cause a problem temporarily.
.
The potential is truly very high.
.
IF YOU FOUND THIS INFORMATIVE, PLEASE UPVOTE!
Your information is always informative and you keep it real!😎
Do you think a lot of people will pivot on btc and sell for eth?
What are your thoughts on steem as an investment?
I came here for the truth!
Thanks for unveiling it for us @themoneygps
I think Bitcoin and Ether are different. They both have aspects that people want.
Around that timeframe however, it wouldn't surprise me to see people selling some Bitcoin and putting it into Ether. Perhaps they will reverse course if everything works out well.
Agreed. Two completely different animals.
I am seeing people who don't get the fundamentals of the coins, but simply following the USD price,
Sell btc for eth as things bounce around.
As for me... No FOMO, acquire at the dips and
💪HODL👍Strong until it is time...
Whenever that is... 🤔😏😎
Good point
As for Steem, the price is quite volatile even in the crypto world. Perhaps having some but I liken it to precious metals and Steem is like palladium. Sure it's good to have but gold and silver are the kings.
I appreciate your perspective.
And I totally understand the precious metals/palladium comparison.
I am a big fan of the Steem token. I see a lot of potential here and I think it's amazing that you can essential "mine" it by way of content creation and curating others content.
We will see how she moves in the near future! Exciting times right!?
Thanks for your hit back @themoneygps
Stay well!
It's an incredible way to build a website. You have an involved group of like-minded people instead of funny cat videos.
Did you know that Vlad Zamfir one of the most important ETH developer beside inventor/creator Vitalik Buterin sold 99% of his Ethereum tokens?
Just to mention!
Hi, please am new here. lets grow togetter, i follow you and vote and you follow me and i vote. thank you!
Yes, and also crypto market is already on its way to $150 billion market cap!
Seems like it will get there very fast if this keeps up.
upvoted and following you @themoneygps
I will be buying more at $180 and every $20 drop from there.
thanks for the post.
I hope Ether goes down significantly. That would be a great buying opportunity
I am buying at $180 then more every $20 drop
🍁 I just did a new post 🍁
@themoneygps So if a hard fork happens to Bitcoin on the 1st of August, and your crypto is in altcoins in exchanges, are you not affected by the bitcoin hardfork at all?