Ethereum and the price jump after alphabay
I was pondering the potential breakout of ethereum as it is supposed to join darknet market alphabay on May 1st and had a few thoughts for the community to consider, to hedge expectations.
- Ethereum's price increase will not be substantial compared to the doubling of monero, as monero is a tech which is meant for anon, whereas ethereum isn't meant for anon.
- The news on alphabay has been a rumor for over a month, and ethereums price may already be built in on the news.
- Even a possible dip may be in the short term due to the lack of use on the platform.
- Ethereum will continue to rise in the long run until bitcoin solves its transaction time issues, even though it was never meant to be a purchase token, but rather a platform for new tech.
Any other thoughts on ethereum feel free to share below. I an a 20% holder with 40% in btc.
I think another 10 to 15 percent as we approach May 1st, with continued growth as their platform continues to gain users, projects and a further acceptance of smart contracts.
I think it'll go about 50% with a dip down 30 after a week. But solid tech regardless. A hold coin for aure.
Very good post. Nice to see I'm not the only one who thinks like this. The cryptospace definitely feels a bit inflated. However we also said that about the S&P 500 40 years ago Does anyone know about: https://www.coincheckup.com They seem to give this complete indepth analysis of all cryptocoins. Check: https://www.coincheckup.com/coins/Ethereum#analysis To see the: Ethereum Report