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RE: Why Ethereum Will Never Reach Another ATH
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Nice article. However, never is a bold claim. The main argument here is that ether reached an ATH due to the stupidity and recklessness of early adopters, lack of competition to the Ethereum blockchain as smart contract facilitator, and regulatory bodies. Even now the amount of people investing in crypto is increasing (that goes without saying that a large percentage, are, at least reckless). Furthermore, I don’t believe TRON, Binance Chain, EOS or NEO have the same number of (professional) developers --- although that is changing. I honestly think we’ll see a new ATH, however, probably we are another 10 years along.
With so many competitors for Ether, give me one good reason why it will see another ATH.
If even half of the ETH tokens deliver on their business cases AND the ethereum blockchain can keep pace with their technological roadmap then this will drive the price of ether up again. Of course my second point must hold since if ethereum cannot scale then token projects with migrate. I do think that the competitors to ethereum will actually drive all projects up. Investors will see the market mature and then we will have a new ATH for all the worthy coins/tokens.
I wholeheartedly agree. But as someone who has created multiple ERC20 tokens, that is a pipe dream. The absolute best case scenario is 10% of all ERC20s delivering on their business cases, and even if that were to happen (it's closer to 1%) we must also consider that ERC20 and Ether in general is an extremely speculative investment, meaning that you buy the hype and sell the news, because the news is always weaker than the hype.
It's over for Ether.
It might hit $500 again but it's never going to $1400, the same as the other 99% of coins that have pumped and dumped.