What will be the next ETH top
Hey Guys,
I would love your perspective on the next top for ETH. I would love some serious suggestion and clear analysis how you get there. Different szenarios are ok as well of course.
You pick your analysis and your time horizon, although shorter term (days to weeks) is more appreciated.
But in order to win the bounty and my upvote I want some chart analysis that makes sense.
$10K ETH (top of next peak) once the Beacon Chain goes live, which is going to have both Casper and Sharding that will then be merged into the main chain. IMO Ethereum will continue to grow exponentially in terms of the protocol stack, which is all the apps, tokens that run on ETH. Currently, there is 1800 dapps building on ETH with 1000's and 1000's tokens being created. I the next protocol stack is EOS and NEO with around 200 dapps.
Hopefully Caspar and Sharding (I have to refresh my reading on these) keeps it ahead of the new guys. I have confidence in Vitalik and his vision for Ethereum, I recently listened to an interview of his and it does appear to be in wise hands.
But as always, I still diversify for the safety...
Yeap, ETH is safest play IMO. Biggest developer community and number of dapps and tokens.
Hi,
I dont really know much about technical analysis but I have been running a neural network for some while predicting btc prices. All results are provable documented on the steem blockchain in these posts : btc neural network. So far the results are very mixed but the entire time I am doing this was a bear market. It will be interesting to see what happens in the next bull run. The network has preformed slightly better than hodling btc.
I have tested the network on data that was not used in training and it does work there. But we are not talking about %-level advances to predictions, but in the permille level. The random noise is huge and the network is finding tiny trends below that noise.
The network predictions are always very smooth as all the noise is filtered out. That also means that the prediction is not realistic and should be overlayed with a random walk. When the prediction is up, it should be understood that there will be big fluctuations, but fluctuations up are slightly more likely than fluctuations down.
I have trained my network on the eth prices for your task and here are the results:
Red areas are predicted below the current price, blue/yellow areas indicate the expected passive growth, green areas are better than the expected growth. The vertical line is one week into the future and its size provides the prediction variance. The last point is one month in the future. The network prediction is smooth as the random noise is filtered out.
The network sees small losses in the next few days because it does not trust the rapid rise of yesterday. After that it predicts a boring week, while the general outlook for the next month is positive.
Please do not consider this post as financial advice! I am simply exploring the possibility to use neural networks to find hidden patterns in crypto prices.
ill have to think about this. mhhhh
Dear @knircky, if there is one of the altcoins which is having more power this is ETH, because their platform where you can do your own coin and Ico it is the most well done in actual market.
I used Waves platform to create my coins, but of course the actual best is ETH and only it have younger brother coin like BTC...
If anyone can predict even a 1% swing with some degree of certainty, then he will be soon a millionaire. Fundamental and technical analysis are both as accurate as a parrot picking out cards.
Thorough fundamental analysis has made Buffet a billionaire.
How many are doing fundamental analysis and how many are billionaires?
Too few which allows the likes of Buffet who do their homework to succeed very well.
If you're talking about the stock market to suggest that fundamental analysis is worthless is absurd. When you buy a stock, you're buying a piece of a business. The value of a business enterprise to an investor is two-fold: a) actual and expected dividends and b) appreciation. Some stocks, particularly the like that Buffet is into investing in, are the kind where dividends are key. What Buffet does is thoroughly analyze the key figures or a business enterprise to determine its value. If the value considerably exceeds the price, he buys and holds. Growth stocks, in contrast, are much more speculative in that their profits are mostly up for speculation. Companies that develop new technology are a good example of that.
Cryptocurrencies are at the extreme speculative end of the spectrum. I don't think there are any blockchain projects at the moment with a cryptocurrency of their own whose fiat price is supported by actual fiat income streams allowing for proper fundamental analysis.
Stock price is not usually a reflection of anything except the general sentiment of the market. When the sentiments are high, even crappy shares are worth a lot and during bear market, even best of stocks sell below thier Book Value. Buying dividend stocks is two edged sword. On one hand, they give regular income but on the other they don't have much capital to expand their business.
Having said that, crypto is a separate beast altogether. There are few, which actually have monetization strategy in place, and of the ones that do like ripple are hated by the community. But considering the average age of investor in crypto is about 20 yrs, these kind of logical discussion doesn't hold lot of merit. This is the same age group which pushed the price of SNAP stock to 30$ because they thought it was cool.
Only thing that works in crypto is buy low sell high if you can stick to it. Sounds simple but it's really difficult to follow.
The smart contracts capability of Ethereum is 2nd to none. Many corporations, as well as business houses, are using the smart contracts capability of Ethereum in order to create their own products as well. This is further making Ethereum more and more popular as well. As the platform becomes widely used, it will gain more and more movement and this will increase the price of the cryptocurrency as well. As the decentralized usage of the platform becomes more and more popular, the demand for the cryptocurrency will also increase.
Moreover, there are quite a few companies which are solely working on the Ethereum blockchain rather than the Bitcoin-based blockchain. Thus, the prominence which it will be able to achieve will be much higher as compared to the Bitcoin-based blockchain. The underlying technology seems to be pretty strong as well.
If you’re looking for a cryptocurrency in which you can invest in at the current prices, Ethereum looks like a safe bet. Moreover, with strong applications and underlying usage, you can be sure that it is not just another inflated cryptocurrency. It offers great value as compared to some of the other cryptocurrency tokens. Also, with a significant amount of market cap, the volatility is comparatively on the lower side which will provide you with some degree of stability in your portfolio.
Do you know which companies are those?
Cut and paste job...
https://smartereum.com/3355/ethereum-price-predictions-2018-how-high-can-ethereum-go-eth-price-today-sun-aug-19/
Don't expect a useful reply!
I suspect that's exactly what Berkshire Hathaway does. It sells when companies are overvalued and buys when they are undervalued. Warren Buffet is the most successful investor in history. Carefully working out the value of companies is what allows his company to know when their stocks are undervalued or overvalued. One thing Buffet does is refrain from any calls if he cannot base a decision on sound analysis.
From the horse's mouth:
Boom!
Ich glaube nicht, dass eine Chartanalyse den Verlauf von ETH innerhalb des nächsten Jahres vorhersagen kann. Dafür gibt es, anders als an der Börse, viel zu wenige Investoren, die ihr Verhalten nach der Charttechnik ausrichten.
Meine persönliche Einschätzung ist, dass ETH longterm wieder nach oben schnellen wird und das alte ATH schnell gebrochen wird, sobald es los geht. Ob dies aber noch dieses Jahr passiert weiß ich nicht.
Trotzdem werde ich vorerst nichts in ETH investieren, da mir die Rendite nicht hoch genug ist im Vergleich zu anderen Kryptowährungen, die noch wesentlich mehr Potential haben.
Ich sehe zum Beispiel eher STEEM bei 10$, als ETH bei 3000$. Aber mit Sicherheit wird ETH nochmal enorm steigen. Da gehe ich fest von aus. Auch wenn es erst in 3 Jahren soweit ist.
This is the entire history of Ethereum.
https://coinmarketcap.com/currencies/ethereum/
It looks like a rising head and shoulders pattern with the price having crashed through the neckline. Definitely a bearish signal. The head and shoulders patter is clear also in the logarithmic chart. Based on chart analysis alone I would not expect the price to climb anywhere near the ATH in the near future (read: this year or probably next year, either). It's possible that the market has taken into account that the Ethereum Foundation is not sure about how exactly to go about implementing a scaling solution. Meanwhile ETH tokens purchased for holding EOS tokens are being liquidated which is killing the price.
Nice
I definitely want to keep an eye on this thread. I was surprised to see how hard Ethereum got hit recently. I had always considered it a safe option.
I had read recently that the ICOs were partly to blame for the huge fall. Selling off their invested ETH too quickly in a non sustainable rush for the door. I guess this leads to the question, will others consider ethereum to be the go to chain for ICOs and replace those who have cashed out? Or will it grow out of being a launch pad for other projects?
I'm not keen on technical analysis, partly due to lack of experience in it! It always seems to be a touch of wishful thinking combined with a heap of 20/20 hindsight.
Hi @knircky, on my phone so hope you're okay with numbers derived from a chart combined with a little fundamental analysis. I don't believe in pure technical analysis.
ETH market cap is where it was at a year ago, it stayed at this level until mid Nov. 2017 when cryptocurrencies and ERC20 tokens started being pumped in the news. Many popular coins are around their one year support levels, this is critical to understand. ETH also keeps printing more ETH and they can't agree on when to limit this, that implies downward pressure on the price even as the market cap is stable. Another issue is the most successful ERC20 coins are launching their own main nets like VeChain and competitors like XLM, EOS and NEO are picking up their game.
I expect ETH to trend downwards to $250 over the next month unless big news comes limiting the creation of more ETH. The demand (volume) has been increasing but it's limited because Plasma isn't working yet and the network gets clogged.
Unless there is news or an improvement, ETH will bounce between 250 and 325. If it breaks 250, there is support at 200 and 400 is the upside.
This is just guesswork so please don't trade or invest based on my opinion.
@knircky has set 10.000 STEEM bounty on this post!
Bounties are a new way you can earn rewards irrespective of you Steem Power. Go here to learn how bounties work.
Earn the bounty by commenting what you think the bounty creator wants to know from you.
Find more bounties here and become a bounty hunter.
Happy Rewards Hunting!
Congratulations to the following winner(s) of the bounty!
Find more bounties here and become a bounty hunter.
Find more bounties here and become a bounty hunter.
Find more bounties here and become a bounty hunter.
Find more bounties here and become a bounty hunter.
Find more bounties here and become a bounty hunter.