Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Ethereum Forum => Ethereum News & Updates => Topic started by: H2O on June 05, 2021, 11:11:53 AM

Title: How lucrative is it for traders to buy Ethereum now?
Post by: H2O on June 05, 2021, 11:11:53 AM

Ethereum’s rally to $6,000 is a narrative supported by its increasing market share and capitalization. The altcoin, at the time of writing, was still rangebound around the $2,800-level, based on data from CoinMarketCap, with its market capitalization just under $320 billion too. Combine this with EIP 1559 and the transition to PoS, and it is likely that Ethereum’s market share will increase too, especially relative to Bitcoin.
(https://i.imgur.com/QKTkNis.png)
Based on the attached chart, Ethereum’s market capitalization was 48% that of Bitcoin. The aforementioned percentage is anticipated to increase in the future, thus signaling that Ethereum’s rally may slow down, but not stop. In fact, purely in terms of aggregated daily volumes, ETH/BTC spot volume has been at an average level since 26 May 2021
The price has been increasing proportionately with the increase in social volume too. While the selling pressure has increased somewhat, given the change in HODLer composition, it has been absorbed by the increasing demand across exchanges. Now, the drop in accumulation by large investors is a concern in the long-term, alas, Ethereum’s high ROI is likely to drive consistent demand and support the price rally based on the previous few instances.source (https://ambcrypto.com/how-lucrative-is-it-for-traders-to-buy-ethereum-now/)

Title: Re: How lucrative is it for traders to buy Ethereum now?
Post by: Emma Glory on June 05, 2021, 11:19:00 AM

Increasing market share and capitalization support Ethereum's recent climb to $6000. When this article was written, it was an altcoin.