Prediction: ETH Set to Pass $500 USD by Jun 30!
I'm making a prediction that Ether is going to shoot past $500 before the end of the month. The new ICO's, anticipation of dapps (decentralized applications) and .eth domains are creating a boom in demand.
"The Flippening" is also set to occur concurrently with this price rise. For those unfamiliar with this term, it means that the market capitalization, or market cap (Price per ETH x total ETH in circulation), will surpass that of Bitcoin's.
Of course, do your own due diligence before buying. Also, this doesn't mean abandoning Bitcoin for Ether. I strongly feel Bitcoin will also continue to rise in it's own respect. See my previous post on this. What it does mean to me is that abandoning some of your fiat currency for for ETH IS a good idea!
Shoot past $500 with a flippening, but probably hold at ~$480 for a week or so before it musters the strength for $750 and beyond. Wouldn't you say?
I think that the next resistance is around $450 , where we might get to by this Friday. Then over the next week there is another surge that blows it to $530 plus. It could be similiar to what we saw with the $300 barrier this last weekend.
True and I am thinking in Dollars, there could be other barriers I am missing at different currencies right?
Well most fiat currencies stay within 5% moves of each other for the most part (at least in the short term). So usually what applies to USD also applies to most of the world's currencies.
Anything is possible now. It is so close. Great post and I hope you are correct!
Thanks willie. Cheers...
I think you are right on this one. ETH has been on an upward trend and it has been growing in market cap making it stronger on the onward march to $500+
Cheers terminator