Why I am Still Bullish On Ethereum
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Ethereum has been through the ringer over the last few years but still remains at about $150-$170 per coin and currently holds 17.5 billion dollars in market cap.
While this is far off from all time highs it still shows how strong and how much support is behind the ethereum blockchain which still ranks #2 of cryptocurrency.
Ethereum and even Bitcoin got a major rally in part of ICOs which where all the rage but turned out to be over 90% scam and trash programs.
However that seems to be changing with IEOs and just better regulations and holding such companies accountable. While you might hate government they do how the power to inact the wrath when it comes to scam artists much more then those who invested into the scam are capable of. Which overall should be a good thing.
While some of these ICOs turned out into legit projects from their ERC-20 tokens such as EOS, Tron and Binance they all owe their success to Ethereum. While they went on to launch their own projects to create competition to Ethereum it makes me laugh when you go ahead and attack the very system in which you where born from.
What makes me bullish on Ethereum is even though all of these alternative systems have launched they still pail in comparison to Ethereums market cap.
Ethereum - 17.5 billion
Tron - 1.6 billion
EOS - 4.5 billion
Binance - 3.2 billion
But more importantly we can see that a large majority of developers planning to launch their own dApps prefer a time -tested and more importantly a DECENTRALIZED network that is working towards scaling is the clear winner.
As Ethereum continues to roll out updates and eventually move to a POS system the market cap I see continues to grow and continues to mature. While we might not get massive bumps of 2000% I do foresee the market for Ethereum to continue to rise over time kind of like if you where investing into the stock market into a solid company where profits where growing year over year.
Cool. Ethereal stuff.
Development continues to be focused there as they have the talent attracted to the technology and platform already created and proven to perform as you mentioned! POS will be exciting!
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No doubt that etherium is pulling up very recently
I’m bullish on EOS at $3 😬
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I‘m not sure if Ethereum can really pull it off. Many new projects offer faster transactions at a lower price. But you never know if Vitalik has something special in his pocket.
I agree with you. I am still bullish on Ethereum. I still think it is the silver if Bitcoin is gold and Litecoin is bronze.
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BCH is currently valued around $280 per coin. Although it caps at 5B dollars.
BCH is crap lol
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I kind of like ETC as a pair trade with future PoS Ethereum.
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