Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Topic started by: rasangaya on May 31, 2020, 12:17:54 PM
-
Ethereum Whale Addresses Hit 10-Month High, Signaling Growing Enthusiasm
(https://i.imgur.com/KECqs6u.jpg)
The price of Ethereum has been stagnant for the past weeks trading in-between a tightening range. It seems that neither the bulls or bears want to pull the trigger but that hasn’t stopped other investors from accumulating the digital asset.
According to a recent report by ‘Santiment’, the whale addresses of ETH have hit a 10-month high.
Check here: Visit (https://zycrypto.com/ethereum-whale-addresses-hit-10-month-high-signaling-growing-enthusiasm/)
-
It doesn't matter if the Ethereum price is stable because the problem is that Ethereum goes back down to the unwanted price, which is 100 USD.
Everyone is afraid because if Ethereum gets to that price then the Miners will not get profit and it is certain that all Ethereum will be dumped touching the price of 86 USD.
I saw this experience yesterday during May-July 2019 and it was very sad to feel.
-
There is nothing yet because 10 months is a long time for cryptocurrency to change prices and find the most point for price issues, especially in Ethereum coins which in fact ranks number 2 on CoinMarketCap which has a market capacity of approximately 26,000,000,000 USD.
I think in 10 months the price will decrease and that will have an effect on the market capacity of Ethereum.
Indeed Ethereum is special in price increases in the last 10 months but I'm sure other altcoins will also be able to find the highest point like VeChain for now which has a high capacity market in Binance.