Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Topic started by: bitmover on May 23, 2024, 11:18:18 PM
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https://watcher.guru/news/sec-approves-all-spot-ethereum-etfs?utm_source=wg_homepage&utm_medium=wg_homepage&utm_campaign=wg_homepage
SEC Approves All Spot Ethereum ETFs
So that is it. We already on the moon. Mars next?
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Breaking news for all of us in the cryptocurrency market...as finally SEC approved the Spot Ethereum ETFs which is this year's second biggest news after the approval of its Bitcoin counterpart months ago. Surely, this is going to be a very exciting development and one that is being embraced by the industry most especially those who are into Ethereum. And the market is reacting as the price of ETH is now at $3,800 and can possibly go more towards $5000 in the coming weeks. Many people are not actually expecting this another windfall for the industry as SEC seems to be adamant in its stance on cryptocurrency and this can even be a little bit surprising.
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Frankly, I was surprised by this news and I did not expect that the Ethereum ETF would be approved, let alone that it happened so quickly. In general, the news is positive and for POS investors, ETF will give them additional options, but let’s see how it will affect the decentralization of the currency in the long term.
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At least with this news, Ethereum's price has not shaken like other assets have experienced. We see positive sentiment for Ethereum continuing until a bullish moment occurs... we haven't gone through the ALT SEASON yet, that means we will not only go to Mars, but to Saturn. It looks like ETH will experience a bigger boom than BTC this year. Let's see at least until December 2024.
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Really, it's really unexpected that everything is beautiful in its time, congratulations for those who have bought ETH before, hopefully our hope for the value of ETH to 5000$ can be realized in the next bullrun session
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This is good news, I was following up the news yesterday but I slept off, we thank God that it has been finally approved. The next thing is the price, let see how it will be in this coming days. In these days Ethereum price movement is very strong and it is not like before again. Gone are the days whenever bitcoin declined Ethereum declined X3 but it is no longer like that again for about one week. This is really a good news to Ethereum investors. Cryptocurrency is getting stronger 💪 in the world. Thanks for this information here.
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When everyone asks wen this wen that… it’s happening right before our eyes.
Yeah, the ETH ETFs getting approved is cool, and Love to see it.
The ETF ETH approval lays the foundation for a new wave of capital to enter the market and bring on the 2024 Altseason.
One of the biggest Altseasons is just around the corner, Just wait til trading goes live for a couple of weeks and Altcoin is about to erupt like a volcano.
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The ETH ETF approval was quite faster than that of the Bitcoin. It was just a speculation when I first heard about it, but the approval has finally been done. ETH is certainly going to the moon after this. A possible incoming bull run for ETH and other alt.
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The ETH ETF approval was quite faster than that of the Bitcoin. It was just a speculation when I first heard about it, but the approval has finally been done. ETH is certainly going to the moon after this. A possible incoming bull run for ETH and other alt.
Because BTC was quite a convincing benchmark before, while ETH is also an asset that is no less important in the world of cryptocurrency. Judging from the volatility between BTC and ETH, which are both approved for ETFs, I'm sure ETH will increase in price even more crazily, because Ethereum's ETH price is more volatile compared to BTC, while this is also a bullish moment for cryptocurrencies after the BTC halving.
These two combos will clearly make Ethereum stronger in the next few weeks.
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When the BTC ETFs were approved, Grayscale converted their BTC trust into an ETF which finally allowed investors who had bought in to the trust over the previous decade to sell/exit/realize profits. The Grayscale ETF had massive outlfows comparable to the inflows of all the other BTC ETFs combined.
There is no comparable ETH trust being converted to a ETF that will exert selling pressure / outflows. Once the ETH ETFs begin trading, it should be mostly upward pressure on ETH price.
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With this news ETH shot up to $3800 because this was the news that many were waiting for after the ETF was approved, many believed that the altcoin season would soon arrive in June but I don't know if they just made a new narrative to create even more hype.
So indeed this is what is more awaited, is it possible that ETH could be more to $6000 in the next year, considering that the real bullishness has not yet arrived, it is still in the resistance area.
We just wonder how the altcoin season will arrive soon.
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Its big news after long term waiting for finally SEC Approves All Spot Ethereum ETFs and currently after bitcoin getting success approval now Ethereum on second place get legal by SEC. But interested after Bitcoin and Ethereum which one coins on the waiting list will get SEC approves for upcoming time?
Always has positive impact of ETF Ethereum approval success make price of ETH up drastically more than 20%, usually difficult to see for Ethereum raise up price without have good news and currently keep stable with ETH price indeed has few percent correction.
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And the effect, look at how the market is now. especially the price of Ethereum. The effect of the Ethereum ETF approval is truly great. At least for the time being, this is very good for the upward progress in the market. Even if you look at the graph of Ethereum itself, it is very significant. Currently, the price of ETH is at $3,740. Even though it is currently experiencing a decline, at least, it is much better than it was a few days ago.
(https://talkimg.com/images/2024/05/24/LAhfC.png)
CoinGecko
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https://watcher.guru/news/sec-approves-all-spot-ethereum-etfs?utm_source=wg_homepage&utm_medium=wg_homepage&utm_campaign=wg_homepage
SEC Approves All Spot Ethereum ETFs
So that is it. We already on the moon. Mars next?
Is Ethereum ETF Really Approved? At first the price movement of Ethereum was so good that it seemed that Ethereum would go between $4000 and $6000 very soon but not long after the price went up it dropped a lot in a short period of time. But I have had the most success since I bought and invested in Ethereum when the price of Ethereum went up. Currently I am seeing a lot of success in my investment and hope to achieve more success from here if the ETF is really approved.
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And the effect, look at how the market is now. especially the price of Ethereum. The effect of the Ethereum ETF approval is truly great. At least for the time being, this is very good for the upward progress in the market. Even if you look at the graph of Ethereum itself, it is very significant. Currently, the price of ETH is at $3,740. Even though it is currently experiencing a decline, at least, it is much better than it was a few days ago.
(https://talkimg.com/images/2024/05/24/LAhfC.png)
CoinGecko
It is also moving positively against other crypto and bitcoin
(https://talkimg.com/images/2024/05/23/Laj9d.png)
I am hoping to break 0.07 BTC, then i will think about converting ETH > BTC
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And the effect, look at how the market is now. especially the price of Ethereum. The effect of the Ethereum ETF approval is truly great. At least for the time being, this is very good for the upward progress in the market. Even if you look at the graph of Ethereum itself, it is very significant. Currently, the price of ETH is at $3,740. Even though it is currently experiencing a decline, at least, it is much better than it was a few days ago.
The news about the ETH Spot ETF a few days ago really quickly pushed the price of ETH to the $3.8K zone, and for the time being we are witnessing a sideways movement of the ETH price as investors no longer have good news to continue to expect while many other investors want to take profits. It is possible that the approval of the ETH Spot ETF has become a sell-the-news event in the short term, until investors can officially buy the ETH Spot ETF and create enough buying pressure to push the ETH price to a new ATH as happened with the BTC Spot ETF.
To me, the ETH Spot ETF could become the basis for many Spot ETFs based on many other tokens such as XRP or SOL that could be approved in the future, and could also indirectly protect POS tokens future. In the next few months, the ETH Spot ETF could be an important driver for the crypto market to exit the accumulation phase and move deeper into the bullrun and altseason.
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The ETH ETF approval was quite faster than that of the Bitcoin. It was just a speculation when I first heard about it, but the approval has finally been done. ETH is certainly going to the moon after this. A possible incoming bull run for ETH and other alt.
indeed , what i was expecting is that Ethereum ETF will take long at least till next year because of our experience towards how bitcoin ETF struggles to reach the approval but nope, that is far from what happened in Ethereum
but yet nothing change in the price movement staying at below 4k and struggling to break that barricade so the price may move on .
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ETH price moved from USD ~$3000 to USD $3800 when the approval news broke. The ETH ETFs are not yet actively trading. The applications are moving through the approval process. When they actually begin trading, ETH will start seeing upwards price pressure.
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Yeah that's good news for all of us, and especially for those who have been accumulating ETH for a long time, as writing of this post ETH has already been approved and the price increment can be seen after the approval. People who bought ETH before 1 or 2 days the decision day are also in profit by now due to the heavy pump in its price. ETFs play an important role in the adoption rate, now people will spend more and more money on ETH. I am talking about those traditional people who prefer to invest in ETFs.
They first will be investing in BTC ETFs but now to diversify their investments and to minimize the risk of losing funds if invested all in BTC, they will go in ETH ETFs as well. It will definitely going to increase the demand for ETH but the demand and supply ratio has to be high, I mean we don't know the exact supply of ETH it keeps coming so I doubt the scarcity factor here.
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People who bought ETH before 1 or 2 days the decision day are also in profit by now due to the heavy pump in its price.
I can't say it as a "heavy pump" when it didn't reach 4k and reach new ATH again even with this kind of news. But no doubt this is a good news and good development for the long run.
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Bold is mine:
BlackRock filed an amended S-1 form for its proposed spot ether (ETH) exchange-traded fund (ETF) that revealed more information about the product that was recently approved for listing in the U.S.
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Subject to regulatory approval, assets held in the ETF can be redeemed for cash or even ether. The iShares Ethereum Trust ether ETF will list and trade under “ETHA.”
Bloomberg analyst Eric Balchunas called the updated S-1 a “good sign,” adding that a launch by the end of June was “a legit possibility.”
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https://www.coindesk.com/markets/2024/05/30/blackrock-amends-ethereum-etf-application-bloombergs-balchunas-sees-etf-going-live-by-june/
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People who bought ETH before 1 or 2 days the decision day are also in profit by now due to the heavy pump in its price.
I can't say it as a "heavy pump" when it didn't reach 4k and reach new ATH again even with this kind of news. But no doubt this is a good news and good development for the long run.
Maybe it's still a matter of time before the Ethereum price will pump higher, maybe it will coincide with bullishness later. I myself already hold Ethereum, if you count it up to now I have made a profit but I haven't sold it yet.
While raising more capital to buy other coins from Ethereum layer 2, and looking for some meme coins from the Ethereum Blockchain.
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Everyone's mind is for the Ethereum ETF approval to have a mark of the ethereum price. However, let's see how far it will touch the moon during the bull run, whether it will likely see a price close to $10k as some people have imagined
Ethereum ETF approval is a long-anticipated thing, and I have longed for ethereum to have. I am excited it got approved. I am looking forward to when its gas fees are reduced soon enough
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U.S. SEC Chairman Gary Gensler first commented on the Ethereum-ETF following the tool's approval, saying that the processing of applications will last “for some time.” Gensler also said that cryptocurrency exchanges “are allowing themselves to do things that the NYSE or other regulated exchanges are prohibited by law from doing.”
P.S. Don't forget the SEC is big on manipulating news. I wouldn't be surprised if in time it turns out that someone from their team was engaged in insider trading. 8)
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Ethereum ETF issuers submitted their amended S-1 registration statements with the SEC on Friday after the agency gave "light" comments on them last week.
The total filings are from VanEck (0.20% fee), Fidelity (seed investment of $4.7 million), BlackRock ($10 million seed investment), Franklin Templeton (0.19% fee), Grayscale, Invesco and 21Shares. This comes after Bitwise filed its S-1 draft and launched an Ethereum ad earlier in the week.
While BlackRock has yet to disclose its fees for the spot Ethereum ETF, Bloomberg analyst Eric Balchunas noted that what it will charge is the most important missing variable outside of the exact launch date. "Their fee is the sun that the rest will need to orbit around. Must be nice," he said.
According to Balchunas, after issuers filed their amended S-1s today, the SEC will "let issuers know about any final changes and effectiveness (aka final approval)." He maintained his predictions with July 2 as over/under for the ETFs to launch.
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https://www.fxstreet.com/cryptocurrencies/news/fidelity-submits-amended-ethereum-etf-draft-others-expected-to-pour-in-soon-202406211744
Roughly a week and half before the ETH ETFs begin trading (most likely).
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U.S. SEC Chairman Gary Gensler first commented on the Ethereum-ETF following the tool's approval, saying that the processing of applications will last “for some time.” Gensler also said that cryptocurrency exchanges “are allowing themselves to do things that the NYSE or other regulated exchanges are prohibited by law from doing.”
P.S. Don't forget the SEC is big on manipulating news. I wouldn't be surprised if in time it turns out that someone from their team was engaged in insider trading. 8)
I suddenly wondered who or what group would be the biggest beneficiaries of this panic selling.
The main culprits and accomplices of this panic selling will use the Ethereum and altcoin squeeze as a good opportunity, and that's how it works.
However, people who sell just need to shut up and sell and get out, and people who hold just need to shut up and hold on strong.
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I suddenly wondered who or what group would be the biggest beneficiaries of this panic selling.
The main culprits and accomplices of this panic selling will use the Ethereum and altcoin squeeze as a good opportunity, and that's how it works.
We don't know which group but it should be whales group. :D
The good news of Ethereum ETF approval should be great sign for future Ethereum. It is actually too bad if there are many people to sell their Ethereum in panic. I even keep buying Ethereum now because it dropped below $3500. I bought ETH at $3400, I will buy again if the price dropped to $3300. This should be the time for buying, it is not the time for selling.
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I suddenly wondered who or what group would be the biggest beneficiaries of this panic selling.
The main culprits and accomplices of this panic selling will use the Ethereum and altcoin squeeze as a good opportunity, and that's how it works.
We don't know which group but it should be whales group. :D
The good news of Ethereum ETF approval should be great sign for future Ethereum. It is actually too bad if there are many people to sell their Ethereum in panic. I even keep buying Ethereum now because it dropped below $3500. I bought ETH at $3400, I will buy again if the price dropped to $3300. This should be the time for buying, it is not the time for selling.
Let the weak hands sell and get out, crypto is only for those who believe and dare :)
Crypto is having a tough time lately with altcoins bleeding and I think we now need a much slower approach to the market.
But I stick to a bullish thesis for 2024 and Trading for ETF ETH starting the first half of July, given the current market state, this could be quite a positive catalyst to spark a run.
And Eth might intensify over the next months.
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Let the weak hands sell and get out, crypto is only for those who believe and dare :)
Crypto is having a tough time lately with altcoins bleeding and I think we now need a much slower approach to the market.
But I stick to a bullish thesis for 2024 and Trading for ETF ETH starting the first half of July, given the current market state, this could be quite a positive catalyst to spark a run.
And Eth might intensify over the next months.
Haha, keep cheering up okay!
Because crypto is always full of surprises. Indeed, it often changes direction when there is news that is quite heavy. But apart from that, for those who already understand things like that, it doesn't seem to be a problem.
In fact, for Ethereum itself, ETH and BTC, we know how they are criticized, because even after the ETF of these two coins was approved, in fact they haven't shown any really positive effects, right> Tai, that's what it is. Indeed, the market is currently like that. So, yeah, there's no need to worry. At least, ETFs are good news and this could support a bullish era in the future. So, just enjoy the process, a process where the market will still go up and down with high volatility as usual. However. still chill, but wise in every step. Just follow the flow of this market, but still gain profits from all market conditions.
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Maybe it's still a matter of time before the Ethereum price will pump higher, maybe it will coincide with bullishness later. I myself already hold Ethereum, if you count it up to now I have made a profit but I haven't sold it yet.
While raising more capital to buy other coins from Ethereum layer 2, and looking for some meme coins from the Ethereum Blockchain.
Yes, it may need time to increase the price significantly. People who expect the new ATH of Ethereum after Ethereum ETF is accepted, they must be more patient because it needs a process. I believe there will be massive pumps in Ethereum price but it won't suddenly be pumped now. We must be aware of the current market situation, even the price of Bitcoin is hard to increase now. So, it is normal if Ethereum price still can't increase very high in the near future.
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Let the weak hands sell and get out, crypto is only for those who believe and dare :)
Seriously, we really have to be that strong mentally when investing in crypto. That's why there is always advice that use free money that you can afford freely to invest here, not use money that is intended for other daily needs. Because the crypto market is very difficult to predict and constantly changes, especially recently when it has dropped drastically in all aspects.
Yes, it may need time to increase the price significantly. People who expect the new ATH of Ethereum after Ethereum ETF is accepted, they must be more patient because it needs a process.
The approval of the Bitcoin and Ethereum ETF does not necessarily make the prices of both increase significantly. And even Halving too. This is a market cycle that is always not easy to predict.
ETH dropped more than 3%, almost the same as BNB. And it really follows Bitcoin.
So yeah, words of encouragement:
Be patient!
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Let the weak hands sell and get out, crypto is only for those who believe and dare :)
Seriously, we really have to be that strong mentally when investing in crypto. That's why there is always advice that use free money that you can afford freely to invest here, not use money that is intended for other daily needs. Because the crypto market is very difficult to predict and constantly changes, especially recently when it has dropped drastically in all aspects.
Yes, it may need time to increase the price significantly. People who expect the new ATH of Ethereum after Ethereum ETF is accepted, they must be more patient because it needs a process.
The approval of the Bitcoin and Ethereum ETF does not necessarily make the prices of both increase significantly. And even Halving too. This is a market cycle that is always not easy to predict.
ETH dropped more than 3%, almost the same as BNB. And it really follows Bitcoin.
So yeah, words of encouragement:
Be patient!
For Ethereum, it's not that important, but a Bitcoin ETF is very important and really needed. The existence of a Bitcoin ETF also triggers traders to buy Bitcoin again and finally print a new ATH in the past. At least this is good news for Ethereum. With this news, whales should also be able to take advantage of situations like this to start the altcoin season and make many altcoin prices increase. But in reality, in the market it seems very difficult for this to happen and current market conditions tend to collapse and stabilize at low prices.
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For Ethereum, it's not that important, but a Bitcoin ETF is very important and really needed. The existence of a Bitcoin ETF also triggers traders to buy Bitcoin again and finally print a new ATH in the past. At least this is good news for Ethereum. With this news, whales should also be able to take advantage of situations like this to start the altcoin season and make many altcoin prices increase. But in reality, in the market it seems very difficult for this to happen and current market conditions tend to collapse and stabilize at low prices.
Bitcoin got large correction after ETF approval and I don't think problem with Ethereum still can't break out to the higher price after few months since ETF Ethereum approval. But get significant increasing price of Ethereum at the early after ETF Ethereum approval announcement and make more higher increasing price than bitcoin, but after large increasing or ethereum drastically pump has opportunity with Ethereum get correction before recovering back to higher price.
Be more patience waiting Ethereum moment return back to the higher price after bitcoin price stable and return back to uptrend moment.
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For Ethereum, it's not that important, but a Bitcoin ETF is very important and really needed. The existence of a Bitcoin ETF also triggers traders to buy Bitcoin again and finally print a new ATH in the past. At least this is good news for Ethereum. With this news, whales should also be able to take advantage of situations like this to start the altcoin season and make many altcoin prices increase. But in reality, in the market it seems very difficult for this to happen and current market conditions tend to collapse and stabilize at low prices.
ETH ETFs are a huge win for crypto, potentially shifting fund flows and boosting institutional investments.
The ETH ETF will go live on July 2 but SEC Returns Ethereum Spot ETF S-1 Forms for Revisions and Issuers have been asked to submit S-1 amendments by July 8th.
This delay is killing the vibe Eth fam, but we need to cool and prep for July 8
When ETHETF listing, more cryptocurrency enthusiasts will buy and the sooner Ethereum ETF goes live, the faster Altseason comes.
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Everyone's mind is for the Ethereum ETF approval to have a mark of the ethereum price. However, let's see how far it will touch the moon during the bull run, whether it will likely see a price close to $10k as some people have imagined
Ethereum ETF approval is a long-anticipated thing, and I have longed for ethereum to have. I am excited it got approved. I am looking forward to when its gas fees are reduced soon enough
Alas or fortunately - no one knows what will happen next. Therefore, in any case, you should diversify your assets + try not to keep everything in one cryptocurrency. Only in this case - it is really possible to achieve success.
P.S. About the gas fee - wait a little time, everything will stabilize, such situations often happen. Now a similar situation is happening with bitcoin - fees have skyrocketed again. 8)
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Everyone's mind is for the Ethereum ETF approval to have a mark of the ethereum price. However, let's see how far it will touch the moon during the bull run, whether it will likely see a price close to $10k as some people have imagined
Ethereum ETF approval is a long-anticipated thing, and I have longed for ethereum to have. I am excited it got approved. I am looking forward to when its gas fees are reduced soon enough
Alas or fortunately - no one knows what will happen next. Therefore, in any case, you should diversify your assets + try not to keep everything in one cryptocurrency. Only in this case - it is really possible to achieve success.
P.S. About the gas fee - wait a little time, everything will stabilize, such situations often happen. Now a similar situation is happening with bitcoin - fees have skyrocketed again. 8)
Diversification is a good way to reduce risks and increase opportunities in investing in crypto, so we don't put all our money in just one coin. We can buy potential coins such as bitcoin, ethereum, BNB, Solana etc.
Talking about gas fees, we can choose a time when the gas fee is cheaper, because if traffic is high and prices rise of course the gas fee will increase.
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Everyone's mind is for the Ethereum ETF approval to have a mark of the ethereum price. However, let's see how far it will touch the moon during the bull run, whether it will likely see a price close to $10k as some people have imagined
Ethereum ETF approval is a long-anticipated thing, and I have longed for ethereum to have. I am excited it got approved. I am looking forward to when its gas fees are reduced soon enough
Alas or fortunately - no one knows what will happen next. Therefore, in any case, you should diversify your assets + try not to keep everything in one cryptocurrency. Only in this case - it is really possible to achieve success.
P.S. About the gas fee - wait a little time, everything will stabilize, such situations often happen. Now a similar situation is happening with bitcoin - fees have skyrocketed again. 8)
Diversification is a good way to reduce risks and increase opportunities in investing in crypto, so we don't put all our money in just one coin. We can buy potential coins such as bitcoin, ethereum, BNB, Solana etc.
Talking about gas fees, we can choose a time when the gas fee is cheaper, because if traffic is high and prices rise of course the gas fee will increase.
Even though we can overcome the problem in this way, we must remain vigilant because basically Cryptocurrency trading will still have very high risks. Even though we have bought the coins you mentioned above, it does not provide a guarantee that it will always be safe and make a profit. Make sure before we decide to contribute to Cryptocurrency that we use money that is not being used in the near future so that when the price collapses we don't panic too much. So far, the cheapest fuel for transactions is still held by the BNB and Solana networks. But you need to pay attention that not all coins have the same network because usually each platform has its own network.
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Even though we can overcome the problem in this way, we must remain vigilant because basically Cryptocurrency trading will still have very high risks. Even though we have bought the coins you mentioned above, it does not provide a guarantee that it will always be safe and make a profit. Make sure before we decide to contribute to Cryptocurrency that we use money that is not being used in the near future so that when the price collapses we don't panic too much. So far, the cheapest fuel for transactions is still held by the BNB and Solana networks. But you need to pay attention that not all coins have the same network because usually each platform has its own network.
Good advice, if we use free money which is not used in the near future to meet needs, because we all understand that the crypto market is very unstable, if we don't use free money, this will cause panic, especially money from debt.
Yes BNB, Solana and also TRX are cheap networks for transactions.
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Diversification is a good way to reduce risks and increase opportunities in investing in crypto, so we don't put all our money in just one coin. We can buy potential coins such as bitcoin, ethereum, BNB, Solana etc.
I remember having this discussion on another forum where I argued that diversification in crypto is not that effective because many coins get affected easily whenever Bitcoin pumps or dumps, including those top 10 coins you mentioned. I don't think having their own ETF will change it unless their trading volume can bypass Bitcoin and become more valuable on its own. I still believe this is true. On the other hand, I do agree that you can buy several top coins to capitalize on potential airdrop, taking more risk by spreading your money for small marketcap/top10 coins, and so on.
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Diversification is a good way to reduce risks and increase opportunities in investing in crypto, so we don't put all our money in just one coin. We can buy potential coins such as bitcoin, ethereum, BNB, Solana etc.
I remember having this discussion on another forum where I argued that diversification in crypto is not that effective because many coins get affected easily whenever Bitcoin pumps or dumps, including those top 10 coins you mentioned. I don't think having their own ETF will change it unless their trading volume can bypass Bitcoin and become more valuable on its own. I still believe this is true. On the other hand, I do agree that you can buy several top coins to capitalize on potential airdrop, taking more risk by spreading your money for small marketcap/top10 coins, and so on.
All coins are affected by bitcoin movements, dude. Even though we are diversifying, if bitcoin experiences a price decline, almost all latcoins will experience a price decrease. This is what makes us as altcoin and bitcoin holders should understand this and not need to panic when the price of bitcoin drops like it is now. Because that's how crypto is, it's always volatile.
Diversifying on top coins, only minimizes losses and can give us the opportunity to get higher profits, if Bitcoin experiences a price increase.
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Let the weak hands sell and get out, crypto is only for those who believe and dare :)
Indeed. The weak holders will easily sell their coins and quit from crypto investment. People who have no big intention, they will never be patient in crypto investment.
Crypto is having a tough time lately with altcoins bleeding and I think we now need a much slower approach to the market.
You're right. The market is in red for many days, this may last until the next month. The latest news I heard, it is because MT Gox do the repayment to their creditors. MT Gox will send a huge number of Bitcoins to the creditors. The market suddenly responds it, we will red market in the next few weeks.
But I stick to a bullish thesis for 2024 and Trading for ETF ETH starting the first half of July, given the current market state, this could be quite a positive catalyst to spark a run.
I still believe there will be good sign in Q4 of this year. I don't think this market will recover very soon, it will last in the next few months. But I expect the red market will stop in Q4 of 2024. It should be the time for a new rally if we will have another ATH of Bitcoin and altcoins season in 2025.
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Let the weak hands sell and get out, crypto is only for those who believe and dare :)
Indeed. The weak holders will easily sell their coins and quit from crypto investment. People who have no big intention, they will never be patient in crypto investment.
good opinion, and that is the reality that we have seen so far. Those who are weak in being a holder will rush to sell their coins when they feel they have made a profit and panic when the market experiences a decline or correction. Panic selling at a loss and deciding to stop investing, they do not understand the character of the crypto market because it takes experience and knowledge to invest in crypto.
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Let the weak hands sell and get out, crypto is only for those who believe and dare :)
Indeed. The weak holders will easily sell their coins and quit from crypto investment. People who have no big intention, they will never be patient in crypto investment.
good opinion, and that is the reality that we have seen so far. Those who are weak in being a holder will rush to sell their coins when they feel they have made a profit and panic when the market experiences a decline or correction. Panic selling at a loss and deciding to stop investing, they do not understand the character of the crypto market because it takes experience and knowledge to invest in crypto.
Panic will always exist for those who do not have experience and knowledge in the crypto world, this is true. I, too, sometimes experience momentary panic when the market experiences a sharp correction, but because of my experience I try to think that the market will recover and prices will rise again. This is the benefit of experience in investing.
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Let the weak hands sell and get out, crypto is only for those who believe and dare :)
Indeed. The weak holders will easily sell their coins and quit from crypto investment. People who have no big intention, they will never be patient in crypto investment.
good opinion, and that is the reality that we have seen so far. Those who are weak in being a holder will rush to sell their coins when they feel they have made a profit and panic when the market experiences a decline or correction. Panic selling at a loss and deciding to stop investing, they do not understand the character of the crypto market because it takes experience and knowledge to invest in crypto.
Panic will always exist for those who do not have experience and knowledge in the crypto world, this is true. I, too, sometimes experience momentary panic when the market experiences a sharp correction, but because of my experience I try to think that the market will recover and prices will rise again. This is the benefit of experience in investing.
It is standard to feel panic, especially if you are just getting started in the world of crypto. You have the sense that prices are rapidly changing, very much like being on a roller coaster ride. This experience yields what you learn in an entirely priceless way. Realizing that market corrections normally precede a recovery helps to keep you calm and guide you to think strategically about your choices, rather than being swayed by your passing emotions.
The evidence indicates that it is necessary to persist in learning and to retain agility. It seems that every market movement holds important lessons, which make us better at investing. Having hope in the face of uncertainty is the proper route, and over the long term, that conviction will expand. Please keep sharing your experiences since they can benefit other people traveling a similar path.
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One new record when it comes to ETH - although it does not affect the price too much if we look at the CMC statistics which say that in the last 7 days ETH is in the green just a little less than 11%, which is more than double compared to BTC. It seems that Grayscale and its massive ETH stockpile continues to serve as a counterweight to any positive moves that BTC once witnessed after the spot ETFs approval. Investors simply do not show any enthusiasm for investing in it.
Ether ETFs experienced the largest outflows since July, with over $79 million exiting on Monday. The outflows were predominantly from Grayscale’s Ethereum Trust (ETHE), while Bitwise's ETHW saw minor inflows, highlighting the strength of Grayscale's influence on market dynamics.
Despite an 11% rise in ether due to favorable macroeconomic conditions like Fed rate cuts, the ETF outflows indicate a disconnect between prices and investor sentiment toward ether's future
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Let the weak hands sell and get out, crypto is only for those who believe and dare :)
Seriously, we really have to be that strong mentally when investing in crypto. That's why there is always advice that use free money that you can afford freely to invest here, not use money that is intended for other daily needs. Because the crypto market is very difficult to predict and constantly changes, especially recently when it has dropped drastically in all aspects.
Yes, it may need time to increase the price significantly. People who expect the new ATH of Ethereum after Ethereum ETF is accepted, they must be more patient because it needs a process.
The approval of the Bitcoin and Ethereum ETF does not necessarily make the prices of both increase significantly. And even Halving too. This is a market cycle that is always not easy to predict.
ETH dropped more than 3%, almost the same as BNB. And it really follows Bitcoin.
So yeah, words of encouragement:
Be patient!
For Ethereum, it's not that important, but a Bitcoin ETF is very important and really needed. The existence of a Bitcoin ETF also triggers traders to buy Bitcoin again and finally print a new ATH in the past. At least this is good news for Ethereum. With this news, whales should also be able to take advantage of situations like this to start the altcoin season and make many altcoin prices increase. But in reality, in the market it seems very difficult for this to happen and current market conditions tend to collapse and stabilize at low prices.
We know that ethereum is the second level crypto currency in this time. Because if we follow in cryptocurrency market we can see that ethereum price is $2518 in this time. But if we follow in the before time, we saw that ethereum price could be down then present time. If we follow in cryptocurrency market, we can see that bitcoin price is increase day by day. So when bitcoin price is increase, then all crypto market could be high level. So if bitcoin price is high, then ethereum ETF will coming soon in cryptocurrency market.
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We know that ethereum is the second level crypto currency in this time. Because if we follow in cryptocurrency market we can see that ethereum price is $2518 in this time. But if we follow in the before time, we saw that ethereum price could be down then present time. If we follow in cryptocurrency market, we can see that bitcoin price is increase day by day. So when bitcoin price is increase, then all crypto market could be high level. So if bitcoin price is high, then ethereum ETF will coming soon in cryptocurrency market.
Our belief in Ethereum is very full and we believe that ETH is still the best and most trusted Altcoin. somehow, its market cap is also very high. there are many opportunities for the price of ETH to rise again. although it is currently still at that number, our belief is that ETH will be able to rise again to its previous ATH. yes, the target is to pass the previous ATH at $4,891.70. It's about -48% more, it's still quite far from the ATH time. but the next hope is true if ETH can do it and maybe it can enter the $6k figure in the bullish era later?
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We know that ethereum is the second level crypto currency in this time. Because if we follow in cryptocurrency market we can see that ethereum price is $2518 in this time. But if we follow in the before time, we saw that ethereum price could be down then present time. If we follow in cryptocurrency market, we can see that bitcoin price is increase day by day. So when bitcoin price is increase, then all crypto market could be high level. So if bitcoin price is high, then ethereum ETF will coming soon in cryptocurrency market.
Our belief in Ethereum is very full and we believe that ETH is still the best and most trusted Altcoin. somehow, its market cap is also very high. there are many opportunities for the price of ETH to rise again. although it is currently still at that number, our belief is that ETH will be able to rise again to its previous ATH. yes, the target is to pass the previous ATH at $4,891.70. It's about -48% more, it's still quite far from the ATH time. but the next hope is true if ETH can do it and maybe it can enter the $6k figure in the bullish era later?
There are still many people who have high hopes for ethereum even though we all know that ethereum seems to have difficulty reaching $3,000 again and is far from its ATH of $4,891. I also hope that ethereum can reach its ATH again, I have a little ethereum in my wallet because my biggest investment is in bitcoin, solana and BNB. ethereum is still the king of altcoins for now because its capitalization is the largest in altcoins but we don't know if it will be replaced by other altcoins in the next 5 years.
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Our belief in Ethereum is very full and we believe that ETH is still the best and most trusted Altcoin. somehow, its market cap is also very high. there are many opportunities for the price of ETH to rise again. although it is currently still at that number, our belief is that ETH will be able to rise again to its previous ATH. yes, the target is to pass the previous ATH at $4,891.70. It's about -48% more, it's still quite far from the ATH time. but the next hope is true if ETH can do it and maybe it can enter the $6k figure in the bullish era later?
There are still many people who have high hopes for ethereum even though we all know that ethereum seems to have difficulty reaching $3,000 again and is far from its ATH of $4,891. I also hope that ethereum can reach its ATH again, I have a little ethereum in my wallet because my biggest investment is in bitcoin, solana and BNB. ethereum is still the king of altcoins for now because its capitalization is the largest in altcoins but we don't know if it will be replaced by other altcoins in the next 5 years.
Yes, a few months ago when BTC experienced ATH after the bearish era, Ethereum was actually able to exceed $ 3k more, even at that time it had reached $ 3891 more. It's just that later, the market experienced a very deep correction and caused the price of ETH to drop following the movement of Bitcoin. It's just that, when BTC was able to strengthen significantly again, in fact ETH was still running quite slowly, yes although slow but sure.
Yes, now we are waiting for Ethereum's journey to really strengthen again, at least in the last few days in October, ETH had strengthened quite well, it's just that today there has been a decline. This might be a good time to buy ETH again before it strengthens significantly again.
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https://watcher.guru/news/sec-approves-all-spot-ethereum-etfs?utm_source=wg_homepage&utm_medium=wg_homepage&utm_campaign=wg_homepage
~snip~
At the time the news was released the price of Ethereum was around $3,776 and maybe on May 23, 2024 the price of Ethereum coins was expensive, while now when I write a reply to this thread the price of Ethereum is around $2,443 which is where the price has decreased by around $1,200, very sad for Ethereum at this time.
Literally, if a coin including Ethereum is supported by an ETF it should go up and maybe the price won't fall so deep but this is far from what all investors want at this time because the price of Ethereum has fallen so deep and the difference is around -40%.
That's crypto, the price and changes every second cannot be predicted, Ethereum is definitely a legendary coin and has a good name but Ethereum is still pure crypto where the price always changes every time even though it is supported by ETF.
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Yes, a few months ago when BTC experienced ATH after the bearish era, Ethereum was actually able to exceed $ 3k more, even at that time it had reached $ 3891 more. It's just that later, the market experienced a very deep correction and caused the price of ETH to drop following the movement of Bitcoin. It's just that, when BTC was able to strengthen significantly again, in fact ETH was still running quite slowly, yes although slow but sure.
Yes, now we are waiting for Ethereum's journey to really strengthen again, at least in the last few days in October, ETH had strengthened quite well, it's just that today there has been a decline. This might be a good time to buy ETH again before it strengthens significantly again.
The price of Bitcoin experiences a decomposition to $ 68,200 and the price of Ethereum is back below $ 2,500. We recommend that we remain our coin hold. And if you have Etheeum's confidence, you will rise to what you are targeting to keep your ethereum hold.
Because etehreum is still potential and is likely to increase next year.
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Yes, a few months ago when BTC experienced ATH after the bearish era, Ethereum was actually able to exceed $ 3k more, even at that time it had reached $ 3891 more. It's just that later, the market experienced a very deep correction and caused the price of ETH to drop following the movement of Bitcoin. It's just that, when BTC was able to strengthen significantly again, in fact ETH was still running quite slowly, yes although slow but sure.
Yes, now we are waiting for Ethereum's journey to really strengthen again, at least in the last few days in October, ETH had strengthened quite well, it's just that today there has been a decline. This might be a good time to buy ETH again before it strengthens significantly again.
The price of Bitcoin experiences a decomposition to $ 68,200 and the price of Ethereum is back below $ 2,500. We recommend that we remain our coin hold. And if you have Etheeum's confidence, you will rise to what you are targeting to keep your ethereum hold.
Because etehreum is still potential and is likely to increase next year.
So you mean Eth is still a real monster that will explode in Q1 2025? We should give ETH one last chance or should we fade it for Sol? And what about your nearest target?
Imagine watching ETH follow the same fractal as the 2017 and 2021 cycles, Fees at their lowest levels ever, things over and over again, then People posting about ETH killers and calling ETH dead.
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https://watcher.guru/news/sec-approves-all-spot-ethereum-etfs?utm_source=wg_homepage&utm_medium=wg_homepage&utm_campaign=wg_homepage
~snip~
At the time the news was released the price of Ethereum was around $3,776 and maybe on May 23, 2024 the price of Ethereum coins was expensive, while now when I write a reply to this thread the price of Ethereum is around $2,443 which is where the price has decreased by around $1,200, very sad for Ethereum at this time.
Literally, if a coin including Ethereum is supported by an ETF it should go up and maybe the price won't fall so deep but this is far from what all investors want at this time because the price of Ethereum has fallen so deep and the difference is around -40%.
Ethereum always hits the cycle ATH a few weeks months after btc.
Just be patient young padawan. Ethereum is not dying imo
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I was very surprised by this news,this will be the development of Ethereum increasingly rapidly and will experience a surge which can add positive value for everyone,in my opinion sooner or later Ethereum Will become big just like BTC
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Yes, a few months ago when BTC experienced ATH after the bearish era, Ethereum was actually able to exceed $ 3k more, even at that time it had reached $ 3891 more. I
The price of Bitcoin experiences a decomposition to $ 68,200 and the price of Ethereum is back below $ 2,500. We recommend that we remain our coin hold. And if you have Etheeum's confidence, you will rise to what you are targeting to keep your ethereum hold.
Because etehreum is still potential and is likely to increase next year.
yes, even today the price of Bitcoin can really drop to $ 67,482 as its lowest point for today. yes at least before the US election, the price drop is not so problematic, because this is actually a moment for investors to re-invest in this coin for preparation and the bullrun event. so it's not really a problem for there to be a decrease in this. what's sad is when the price is falling but we don't have additional funds to buy the BTC at a low enough price. so sometimes moments like this are eagerly awaited.
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https://watcher.guru/news/sec-approves-all-spot-ethereum-etfs?utm_source=wg_homepage&utm_medium=wg_homepage&utm_campaign=wg_homepage
~snip~
At the time the news was released the price of Ethereum was around $3,776 and maybe on May 23, 2024 the price of Ethereum coins was expensive, while now when I write a reply to this thread the price of Ethereum is around $2,443 which is where the price has decreased by around $1,200, very sad for Ethereum at this time.
Literally, if a coin including Ethereum is supported by an ETF it should go up and maybe the price won't fall so deep but this is far from what all investors want at this time because the price of Ethereum has fallen so deep and the difference is around -40%.
~snip~
Ethereum always hits the cycle ATH a few weeks months after btc.
That means according to your experience and statement that this Bitcoin rises to reach the new all time high and then followed by Ethereum to the New All Time High but also waiting a few weeks for Ethereum to reach the new ATH, isn't that so you think?
I will absorb knowledge from your experience judging and observing the price movements of Ethereum because I like new things, especially about Ethereum prices. I am sure that every statement will be useful for me especially you are Devs at the Altcoinstallks Forum.
Just be patient young padawan. Ethereum is not dying imo
Ah good thanks, I will try to continue to be active in the Altcounstalks forum because I feel comfortable here to continue to learn crypto, hopefully I can reach rank "Padawan" like the others. Even though is still need a long time but i'm very optimistic for this target.
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Yes, a few months ago when BTC experienced ATH after the bearish era, Ethereum was actually able to exceed $ 3k more, even at that time it had reached $ 3891 more. It's just that later, the market experienced a very deep correction and caused the price of ETH to drop following the movement of Bitcoin. It's just that, when BTC was able to strengthen significantly again, in fact ETH was still running quite slowly, yes although slow but sure.
Yes, now we are waiting for Ethereum's journey to really strengthen again, at least in the last few days in October, ETH had strengthened quite well, it's just that today there has been a decline. This might be a good time to buy ETH again before it strengthens significantly again.
The price of Bitcoin experiences a decomposition to $ 68,200 and the price of Ethereum is back below $ 2,500. We recommend that we remain our coin hold. And if you have Etheeum's confidence, you will rise to what you are targeting to keep your ethereum hold.
Because etehreum is still potential and is likely to increase next year.
The price of Ethereum, the second largest cryptocurrency after Bitcoin, is not at all consistent with the price of Bitcoin. According to the price of Bitcoin, the price of Ethereum should have been around 4000 dollars at the moment, but although Bitcoin was at 73600 dollars, Ethereum could not reach 2800 dollars. However, I don't know if Ethereum can stay at $3000 in 2024. Every investor has probably developed an aversion to investing in Ethereum right now. However, it is not possible to say whether it will increase next year, but those who are holding can hold.
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Yes, a few months ago when BTC experienced ATH after the bearish era, Ethereum was actually able to exceed $ 3k more, even at that time it had reached $ 3891 more. It's just that later, the market experienced a very deep correction and caused the price of ETH to drop following the movement of Bitcoin. It's just that, when BTC was able to strengthen significantly again, in fact ETH was still running quite slowly, yes although slow but sure.
Yes, now we are waiting for Ethereum's journey to really strengthen again, at least in the last few days in October, ETH had strengthened quite well, it's just that today there has been a decline. This might be a good time to buy ETH again before it strengthens significantly again.
The price of Bitcoin experiences a decomposition to $ 68,200 and the price of Ethereum is back below $ 2,500. We recommend that we remain our coin hold. And if you have Etheeum's confidence, you will rise to what you are targeting to keep your ethereum hold.
Because etehreum is still potential and is likely to increase next year.
The price of Ethereum, the second largest cryptocurrency after Bitcoin, is not at all consistent with the price of Bitcoin. According to the price of Bitcoin, the price of Ethereum should have been around 4000 dollars at the moment, but although Bitcoin was at 73600 dollars, Ethereum could not reach 2800 dollars. However, I don't know if Ethereum can stay at $3000 in 2024. Every investor has probably developed an aversion to investing in Ethereum right now. However, it is not possible to say whether it will increase next year, but those who are holding can hold.
Although not as consistent as Bitcoin, we can see so far that the price movement of ETH is often or maybe even can be said to always follow the price of Bitcoin, although it is not that high. However, as long as BTC goes up, usually ETH will go up.
As is happening now, the price of BTC surges drastically and has even exceeded ATH and may continue to exceed ATH again in the next few days. Although ETH is not as good and significant as that to exceed ATH ETH as experienced by BTC, at least, the price of ETH has also increased. But yes, it is not as fast as BTC. because after all, BTC is everything and the most top and trusted in cryptocurrency.
And indeed, just keep holding for this coin until the bullrun happen in real 2025, so we can gain the best profits for us from Ethereum. Keep holding is patiently holding without worrying about the volatile price happened to this coin right now. and have a great believe on the price of ETH to rise up again and pass its ATH.
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Yes, a few months ago when BTC experienced ATH after the bearish era, Ethereum was actually able to exceed $ 3k more, even at that time it had reached $ 3891 more. It's just that later, the market experienced a very deep correction and caused the price of ETH to drop following the movement of Bitcoin. It's just that, when BTC was able to strengthen significantly again, in fact ETH was still running quite slowly, yes although slow but sure.
Yes, now we are waiting for Ethereum's journey to really strengthen again, at least in the last few days in October, ETH had strengthened quite well, it's just that today there has been a decline. This might be a good time to buy ETH again before it strengthens significantly again.
The price of Bitcoin experiences a decomposition to $ 68,200 and the price of Ethereum is back below $ 2,500. We recommend that we remain our coin hold. And if you have Etheeum's confidence, you will rise to what you are targeting to keep your ethereum hold.
Because etehreum is still potential and is likely to increase next year.
Ethereum investors are losing patience to hold on to their investments as Ethereum is at $2,600 while Bitcoin is at $75,500. According to bitcoin price ethereum price should be around $5000 to $6000 right now but we see ethereum price is $2670 right now while bitcoin price is $75k 500 so how can be happy? People are most frustrated with investing in Ethereum right now. Why don't people get depressed imagine if the market is dumping right now and returns from $60k to $50k Ethereum will go below $2k or below $1500. But Ethereum could not hold that position as the second largest cryptocurrency. But hopefully Ethereum will make a better situation soon. I have a small investment most of my small investment is Ethereum which is why I expressed my feelings.
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I was very surprised by this news,this will be the development of Ethereum increasingly rapidly and will experience a surge which can add positive value for everyone,in my opinion sooner or later Ethereum Will become big just like BTC
What news you refer to? If it is about Ethereum ETF, it has happened few months ago. It is strange if you just feel surprising now. Anyway, it has triggered ETH to cross $4k in March. But it dropped again below $3k and it seems hard to increase again since August 2024. However, I still believe in ETH to reach a new ATH again. People predicted that ETH price will be above $8k in the next year.
Mate, ETH has been already a big coin. But it won't be like BTC. ETH and BTC are different, there is no way that ETH to be BTC.
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What news you refer to? If it is about Ethereum ETF, it has happened few months ago. It is strange if you just feel surprising now. Anyway, it has triggered ETH to cross $4k in March. But it dropped again below $3k and it seems hard to increase again since August 2024. However, I still believe in ETH to reach a new ATH again. People predicted that ETH price will be above $8k in the next year.
Mate, ETH has been already a big coin. But it won't be like BTC. ETH and BTC are different, there is no way that ETH to be BTC.
the difference between bitcoin and ethereum supply that makes ethereum will not be like bitcoin. because bitcoin supply is limited while ethereum supply is very large.
I also still believe ethereum will reach its ATH but I do not predict or target ethereum to reach $ 8K, I only target to sell my ethereum at $ 5K.
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Yes, a few months ago when BTC experienced ATH after the bearish era, Ethereum was actually able to exceed $ 3k more, even at that time it had reached $ 3891 more. It's just that later, the market experienced a very deep correction and caused the price of ETH to drop following the movement of Bitcoin. It's just that, when BTC was able to strengthen significantly again, in fact ETH was still running quite slowly, yes although slow but sure.
Yes, now we are waiting for Ethereum's journey to really strengthen again, at least in the last few days in October, ETH had strengthened quite well, it's just that today there has been a decline. This might be a good time to buy ETH again before it strengthens significantly again.
The price of Bitcoin experiences a decomposition to $ 68,200 and the price of Ethereum is back below $ 2,500. We recommend that we remain our coin hold. And if you have Etheeum's confidence, you will rise to what you are targeting to keep your ethereum hold.
Because etehreum is still potential and is likely to increase next year.
Ethereum investors are losing patience to hold on to their investments as Ethereum is at $2,600 while Bitcoin is at $75,500. According to bitcoin price ethereum price should be around $5000 to $6000 right now but we see ethereum price is $2670 right now while bitcoin price is $75k 500 so how can be happy? People are most frustrated with investing in Ethereum right now. Why don't people get depressed imagine if the market is dumping right now and returns from $60k to $50k Ethereum will go below $2k or below $1500. But Ethereum could not hold that position as the second largest cryptocurrency. But hopefully Ethereum will make a better situation soon. I have a small investment most of my small investment is Ethereum which is why I expressed my feelings.
It is undeniable that the movement of Ethereum prices is quite slow, especially when compared to what happened to Bitcoin prices. However, there are pros and cons to all of that. There are still many Ethereum investors who believe in this one coin, that this coin will be able to really make a profit later in the peak season of the bullish era. But yes, it does take more patience for this. For now, it is how we can try to get more ETH to prepare for the bullrun. Because we believe that ETH will be able to surpass the previous ATH and maybe even higher later, so now it is still good enough to accumulate this one coin again. So, take advantage of the ETH price which is still below $ 3k. And for now, ETH has indeed risen to around $ 2940
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The approval of an Ethereum ETF marks a significant step for Ethereum’s mainstream adoption. Like with Bitcoin ETFs, an Ethereum ETF allows institutional and retail investors to gain exposure to Ethereum through traditional financial markets without directly buying or holding the cryptocurrency. This approval could lead to more capital flowing into Ethereum, increasing its accessibility and legitimacy among traditional investors.Ethereum ETFs could also drive more interest in the broader Ethereum ecosystem, including decentralized finance (DeFi) and smart contract applications, potentially contributing to price appreciation and further adoption of Ethereum.
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What news you refer to? If it is about Ethereum ETF, it has happened few months ago. It is strange if you just feel surprising now. Anyway, it has triggered ETH to cross $4k in March. But it dropped again below $3k and it seems hard to increase again since August 2024. However, I still believe in ETH to reach a new ATH again. People predicted that ETH price will be above $8k in the next year.
Mate, ETH has been already a big coin. But it won't be like BTC. ETH and BTC are different, there is no way that ETH to be BTC.
the difference between bitcoin and ethereum supply that makes ethereum will not be like bitcoin. because bitcoin supply is limited while ethereum supply is very large.
I also still believe ethereum will reach its ATH but I do not predict or target ethereum to reach $ 8K, I only target to sell my ethereum at $ 5K.
Bitcoin and Ethereum maximum supply does indeed influence the nature of both in the market in terms of the aforementioned distribution. Still, Ethereum has more usage and versatility as well as the use of smart contracts almost in every industry. If we have a planned buying and selling strategy, we will definitely reach for the possibility of making huge profits with these two coins without risking to make the wrong decision.
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the difference between bitcoin and ethereum supply that makes ethereum will not be like bitcoin. because bitcoin supply is limited while ethereum supply is very large.
I also still believe ethereum will reach its ATH but I do not predict or target ethereum to reach $ 8K, I only target to sell my ethereum at $ 5K.
Ethereum doesn't have maximum supply. It can be minted to the infinite.
Although there are some POS rules which prevent the supply from expanding, they can change anytime.
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The approval of an Ethereum ETF marks a significant step for Ethereum’s mainstream adoption. Like with Bitcoin ETFs, an Ethereum ETF allows institutional and retail investors to gain exposure to Ethereum through traditional financial markets without directly buying or holding the cryptocurrency. This approval could lead to more capital flowing into Ethereum, increasing its accessibility and legitimacy among traditional investors.
I think Ethereum has been already in a mainstream adoption. Ethereum ETF will mostly bring the impact of a more popular Ethereum investment. With more popular status of Ethereum, there will be more people interested in Ethereum investment. This finally leads to a more money into Ethereum ecosystem. However, I don't see a significant development on Ethereum ecosystem. I assume there should be a more advanced development in the future.
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https://watcher.guru/news/sec-approves-all-spot-ethereum-etfs?utm_source=wg_homepage&utm_medium=wg_homepage&utm_campaign=wg_homepage
SEC Approves All Spot Ethereum ETFs
So that is it. We already on the moon. Mars next?
I would think that Ethereum is not only going to Mars but Ethereum can convince everyone to continue investing and choosing Ethereum for their portfolio in various wallets. I also think that Ethereum will only be able to increase its value to 8,300 dollars, which is only about 100% increase from the current price of around 3,830 dollars. This is just my assumption because I see that Ethereum's market cap is already too high.
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https://watcher.guru/news/sec-approves-all-spot-ethereum-etfs?utm_source=wg_homepage&utm_medium=wg_homepage&utm_campaign=wg_homepage
SEC Approves All Spot Ethereum ETFs
So that is it. We already on the moon. Mars next?
I would think that Ethereum is not only going to Mars but Ethereum can convince everyone to continue investing and choosing Ethereum for their portfolio in various wallets. I also think that Ethereum will only be able to increase its value to 8,300 dollars, which is only about 100% increase from the current price of around 3,830 dollars. This is just my assumption because I see that Ethereum's market cap is already too high.
I agree that Ethereum is probably pumping anytime soon. It usually hits its ATH soon after bitcoin. And a 100% movement after its ATH from 2021 is certainly possible. I am still holding my eth bags because of that
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https://watcher.guru/news/sec-approves-all-spot-ethereum-etfs?utm_source=wg_homepage&utm_medium=wg_homepage&utm_campaign=wg_homepage
SEC Approves All Spot Ethereum ETFs
So that is it. We already on the moon. Mars next?
I would think that Ethereum is not only going to Mars but Ethereum can convince everyone to continue investing and choosing Ethereum for their portfolio in various wallets. I also think that Ethereum will only be able to increase its value to 8,300 dollars, which is only about 100% increase from the current price of around 3,830 dollars. This is just my assumption because I see that Ethereum's market cap is already too high.
I agree that Ethereum is probably pumping anytime soon. It usually hits its ATH soon after bitcoin. And a 100% movement after its ATH from 2021 is certainly possible. I am still holding my eth bags because of that
I said it only went up about 100% because I saw that the market cap of Ethereum was already too high. I saw the information on Coingecko and we can see that the market cap of Ethereum is around: $464,849,411,033
(https://i.imgur.com/fvgGhgA.png)
If we calculate then for a 100% increase in Ethereum to reach a price of around 8,000 dollars, it means it needs a market cap of around $464,849,411,033 x 2 = $929,698,822,066
A very large value if Ethereum reaches a 100% increase and we can become eyewitnesses of history if Ethereum can reach a price of 8,000 dollars.
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https://watcher.guru/news/sec-approves-all-spot-ethereum-etfs?utm_source=wg_homepage&utm_medium=wg_homepage&utm_campaign=wg_homepage
SEC Approves All Spot Ethereum ETFs
So that is it. We already on the moon. Mars next?
I would think that Ethereum is not only going to Mars but Ethereum can convince everyone to continue investing and choosing Ethereum for their portfolio in various wallets. I also think that Ethereum will only be able to increase its value to 8,300 dollars, which is only about 100% increase from the current price of around 3,830 dollars. This is just my assumption because I see that Ethereum's market cap is already too high.
I agree that Ethereum is probably pumping anytime soon. It usually hits its ATH soon after bitcoin. And a 100% movement after its ATH from 2021 is certainly possible. I am still holding my eth bags because of that
I said it only went up about 100% because I saw that the market cap of Ethereum was already too high. I saw the information on Coingecko and we can see that the market cap of Ethereum is around: $464,849,411,033
And bitcoin marketcap is much higher , 2 Trillions dollars.
Ethereum certainly has potential for a 100% movement, as it is the second largest coin for a long time, and it has a giant community who supports it.