Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Cryptocurrency Price Speculations => Topic started by: pakhitheboss on August 03, 2024, 11:30:14 AM
-
I was expecting the price of Ethereum to go up this month after the ETF trade got approved. I expected it to be similar to what Bitcoin ETF did after a month when it got approved. I am surprised to see the price of Ethereum only going down in the month of August. Am I FOMOing or is it the whole crypto market is reacting proportionately to the global market? If the ETF is not a success it can be discontinued but looking at the inflow I feel it is good but not as good as Bitcoin ETF.
What do you guys think?
-
I think it's not just that which has gone down, everything has gone down, it's just that it takes time to recover the value, it's not always fast like BTC. And it's already an open secret that altcoins are slow to improve their prices.
-
~snip~
What do you guys think?
I think that people have too much trust in ETH and that this trust is not justified. For me personally, switching from PoW to PoS is a big step backwards, with all the other controversies that follow that project, I'm surprised that ETH hasn't lost more in price.
If we look at the data for the past year, we see that ETH grew by just over 30%, while at the same time BTC achieved almost 100% growth. It is obvious that even the spot ETF did not help much for ETH (so far), while it was more than successful for BTC.
I would conclude that the whole thing comes down to trust, and it is obvious that investors have far more faith in BTC than in ETH.
-
Etherum is not the same thing with bitcoin and cannot have the same level of price pump as bitcoin after the approval of ETH ETF. What you fail to understand OP is that bitcoin is king and controls altcoins price movement. No matter that Etherum ETF has been approved that doesn't change its dependency on bitcoin because altcoins are all copy cat and cannot do anything on their own Just imagine bitcoin dip and altcoins wen dipper than Bitcoin. Not strange to me because it is what you offer to people that will determine the rate of adoption and not because of ETF approval.
-
I was expecting the price of Ethereum to go up this month after the ETF trade got approved. I expected it to be similar to what Bitcoin ETF did after a month when it got approved. I am surprised to see the price of Ethereum only going down in the month of August.
Everyone thinks the same as you. But unfortunately, there is still no significant impact of Ethereum ETF. I think it is because the market condition isn't good for altcoins. It is different with Bitcoin, Bitcoin dominates the market. So, Bitcoin can easily increase and the impact of Bitcoin ETF very visible. Bitcoin even could reach a new ATH before the halving, it is because of the impact of Bitcoin ETF hype. Well, August is always bad time for crypto, it is very often read market if we considers the history side. So, we shouldn't be so surprised if Ethereum price and other altcoins prices are declining very much.
-
Unfortunately there will always be some stuff that will not be all that simple to handle, and this time it was combination of recession noises coming from USA along with Japan increasing their interest rate for the first time in many years. That type of stuff happens in the markets every day, its not a new thing and we should be getting used to it after this much time, we can't always predict whats going to happen. Don't worry, the benefits of ETF for both bitcoin and eth is still there and we are going to make some profit from it one way or another, its not going to bother us at all and we will do fine.
-
If we look at the data for the past year, we see that ETH grew by just over 30%, while at the same time BTC achieved almost 100% growth. It is obvious that even the spot ETF did not help much for ETH (so far), while it was more than successful for BTC. I would conclude that the whole thing comes down to trust, and it is obvious that investors have far more faith in BTC than in ETH.
Many people really wondered how come ETH experienced a different thing after the ETFs came on board and after the Japan crash while Bitcoin made strong rebound ETH remained bearish to some degree. As to trust, there is no question now that more people and investors really are putting more weight on BTC than on ETH and data are supporting this fact. However, I am still seeing a bright future for Ethereum and that it would be making its strong recovery at the right time. Admittedly, it can not be compared to Bitcoin for now.
-
In the early days of the Bitcoin ETF the price of Bitcoin did not perform as well as many were expecting because of huge outflows from Grayscale’s ETF. A similar thing happened with Ethereum.
There is also Jump Trading, a major market maker, which has been dumping their ETH holdings as they face legal problems and could be looking to shut down their business.
-
Many people really wondered how come ETH experienced a different thing after the ETFs came on board and after the Japan crash while Bitcoin made strong rebound ETH remained bearish to some degree. As to trust, there is no question now that more people and investors really are putting more weight on BTC than on ETH and data are supporting this fact. However, I am still seeing a bright future for Ethereum and that it would be making its strong recovery at the right time. Admittedly, it can not be compared to Bitcoin for now.
I would say that the only right time for ETH and other altcoins will be when BTC is in a real bull run, because it is more than evident that BTC is the locomotive that is pulling everything behind it, and that even spot ETFs for ETH are not (for now ) had almost no effect.
In the early days of the Bitcoin ETF the price of Bitcoin did not perform as well as many were expecting because of huge outflows from Grayscale’s ETF. A similar thing happened with Ethereum.
There is also Jump Trading, a major market maker, which has been dumping their ETH holdings as they face legal problems and could be looking to shut down their business.
Do you perhaps have information on how much ETH Grayscale had in its possession before the spot ETF was approved and how much has been sold so far? I somehow remembered that it was worth about $5 billion, although I'm not sure if I remembered correctly.
-
eth came back a bit today it is over 2600.
still not a fan.
we shall see if it keeps going up.
-
Do you perhaps have information on how much ETH Grayscale had in its possession before the spot ETF was approved and how much has been sold so far? I somehow remembered that it was worth about $5 billion, although I'm not sure if I remembered correctly.
Grayscale started with 2,629,468.68 ETH worth $9.1 billion, today they have 1,934,651.4787 ETH worth $5.2 billion.
-
eth came back a bit today it is over 2600.
still not a fan.
we shall see if it keeps going up.
it is still going up and is still stable to follow the price of Bitcoin.
ETH became my favorite asset after Bitcoin and started collecting it when the price bottomed out a few days ago.
Expecting to hit $5k is not impossible, is it?
-
I was expecting the price of Ethereum to go up this month after the ETF trade got approved. I expected it to be similar to what Bitcoin ETF did after a month when it got approved. I am surprised to see the price of Ethereum only going down in the month of August. Am I FOMOing or is it the whole crypto market is reacting proportionately to the global market? If the ETF is not a success it can be discontinued but looking at the inflow I feel it is good but not as good as Bitcoin ETF.
What do you guys think?
The thing is the entire cryptocurrency market is definitely on a down turn due to the negativity surrounding the economy, the economy is heading towards a recession as reported earlier and the fears of war is also going on this are FUDs that will drive any thing related to the economy down. Mind you the Ethereum and cryptocurrency price is volatile and it will be the first things people sell off when FUDs like this cripple In. So for now I wouldn’t see much demand which bitcoin had at the start of the year due to the ETF but once it’s market opens and investors/institutions starts buying then we will definitely see a huge surge
-
The thing is the entire cryptocurrency market is definitely on a down turn due to the negativity surrounding the economy, the economy is heading towards a recession as reported earlier and the fears of war is also going on this are FUDs that will drive any thing related to the economy down. Mind you the Ethereum and cryptocurrency price is volatile and it will be the first things people sell off when FUDs like this cripple In. So for now I wouldn’t see much demand which bitcoin had at the start of the year due to the ETF but once it’s market opens and investors/institutions starts buying then we will definitely see a huge surge
Apart from the reasons that you have written, I think that Ethereum ETF has failed to show the impact on the price. The way Bitcoin ETFs have been performing currently shows how fast they can recover the price in just a few days. If a recession hits in the next few months and the war in the Middle East escalates then we might see a new all-time low for Ethereum and other altcoins.
-
Do you perhaps have information on how much ETH Grayscale had in its possession before the spot ETF was approved and how much has been sold so far? I somehow remembered that it was worth about $5 billion, although I'm not sure if I remembered correctly.
Grayscale started with 2,629,468.68 ETH worth $9.1 billion, today they have 1,934,651.4787 ETH worth $5.2 billion.
If we compare that 2.6 million ETH with 600 000+ BTC in relation to the max supply and the current number of coins in circulation, then there really isn't too much of a difference - so the number of sold coins shouldn't be the main reason why the ETH price didn't react to the spot ETF. It remains to be seen how much more ETH Grayscale will sell, when it comes to BTC they sold more than half.
it is still going up and is still stable to follow the price of Bitcoin.
ETH became my favorite asset after Bitcoin and started collecting it when the price bottomed out a few days ago.
Expecting to hit $5k is not impossible, is it?
You can always hope - but if we take into account that the price of ETH follows (to some extent) the price of BTC, then this could only happen when the price of BTC is twice as high as it is now. I already wrote that for the past 1 year, the ratio of BTC price growth compared to ETH is 100% compared to only 30%.
-
Expecting to hit $5k is not impossible, is it?[/size]
You can always hope - but if we take into account that the price of ETH follows (to some extent) the price of BTC, then this could only happen when the price of BTC is twice as high as it is now. I already wrote that for the past 1 year, the ratio of BTC price growth compared to ETH is 100% compared to only 30%.
Ethereum ATH is $4,891.70.
And the current price is $2,574.04.
Even before the big crash a few days ago, the price of ETH had reached more than $3500, so if in the peak season of the bullrun, I really believe that the price of ETH can exceed its ATH and more than $5k.
If you follow the Bitcoin cycle, with the market cap getting higher, and also the current price target is already quite high, then it should not be so difficult for Ethereum to exceed $5k in the peak season later
https://coinmarketcap.com/currencies/ethereum/
-
eth came back a bit today it is over 2600.
still not a fan.
we shall see if it keeps going up.
it is still going up and is still stable to follow the price of Bitcoin.
ETH became my favorite asset after Bitcoin and started collecting it when the price bottomed out a few days ago.
Expecting to hit $5k is not impossible, is it?
Not sure as I am not a fanboy of eth. I think it is far too centralized and lacking pow which to me is a big flaw.
-
You can always hope - but if we take into account that the price of ETH follows (to some extent) the price of BTC, then this could only happen when the price of BTC is twice as high as it is now. I already wrote that for the past 1 year, the ratio of BTC price growth compared to ETH is 100% compared to only 30%.
The key is above the $100k price, which is a new higher ATH.
But it may happen when Bitcoin is sideways in the $100k price area.
ETH or other altcoins will be quite aggressive when given the opportunity to make a price recovery when the Altseason really comes.
But either this Altseason will be a more powerful Altseason or even not have enough influence on the Altcoin market.
-
You can always hope - but if we take into account that the price of ETH follows (to some extent) the price of BTC, then this could only happen when the price of BTC is twice as high as it is now. I already wrote that for the past 1 year, the ratio of BTC price growth compared to ETH is 100% compared to only 30%.
The key is above the $100k price, which is a new higher ATH.
But it may happen when Bitcoin is sideways in the $100k price area.
ETH or other altcoins will be quite aggressive when given the opportunity to make a price recovery when the Altseason really comes.
But either this Altseason will be a more powerful Altseason or even not have enough influence on the Altcoin market.
Are you aware that there is no "alt season" without a Bitcoin bull run? If ETH had followed the price of BTC in the last year, then it would already have a price of at least $5000 today - and that is something that should not be forgotten just like that.
Many miners like @philipma1957 simply turned their backs on ETH after it moved to PoS, and on top of that it cost them money with various decisions that can never happen when it comes to Bitcoin.
-
Expecting to hit $5k is not impossible, is it?[/size]
You can always hope - but if we take into account that the price of ETH follows (to some extent) the price of BTC, then this could only happen when the price of BTC is twice as high as it is now. I already wrote that for the past 1 year, the ratio of BTC price growth compared to ETH is 100% compared to only 30%.
Ethereum ATH is $4,891.70.
And the current price is $2,574.04.
Even before the big crash a few days ago, the price of ETH had reached more than $3500, so if in the peak season of the bullrun, I really believe that the price of ETH can exceed its ATH and more than $5k.
Quite a difference was observed between this year's Bull run with the previous bull run. The highest price we have ever seen for Ether was around 5K and Bitcoin price was not above 70K in the last bull market. Ether hasn't seen much change recently since Bitcoin got its new ATH. Not only Ether but almost altcoins have not seen any major changes. But I am confident that if Bitcoin reaches 100K we will see a bull market in altcoins where Ether will also gain new ATH. If Bitcoin reach100K, we can each Ether 10k which is rational.
-
I was expecting the price of Ethereum to go up this month after the ETF trade got approved. I expected it to be similar to what Bitcoin ETF did after a month when it got approved. I am surprised to see the price of Ethereum only going down in the month of August. Am I FOMOing or is it the whole crypto market is reacting proportionately to the global market? If the ETF is not a success it can be discontinued but looking at the inflow I feel it is good but not as good as Bitcoin ETF.
What do you guys think?
Possible that you got FOMOed. There's also a chance that investors think that making a Spot Ethereum ETF isn't necessary anymore hence, it didn't gain traction or hype the same as Bitcoin had when it had a Spot Bitcoin ETF getting accepted.
Am I surprised? Not really because at first place, I really knew that whenever a Spot Bitcoin ETF gets accepted, it will create domino effect towards altcoins and at some point, companies will make another Spot ETF on altcoin and it happened with Ethereum. Anyway, I guess the only way for Ethereum to reach new ATH is for the bull run to start.
-
Quite a difference was observed between this year's Bull run with the previous bull run. The highest price we have ever seen for Ether was around 5K and Bitcoin price was not above 70K in the last bull market. Ether hasn't seen much change recently since Bitcoin got its new ATH. Not only Ether but almost altcoins have not seen any major changes. But I am confident that if Bitcoin reaches 100K we will see a bull market in altcoins where Ether will also gain new ATH. If Bitcoin reach100K, we can each Ether 10k which is rational.
I don't want to spoil your expectations, but if BTC is now at $60k, and ETH is at approximately $2600 - are you saying that it would be logical to expect that a BTC price increase of some 40% would mean an ETH price increase of even 400%?
Of course, everything is possible, especially if inflows into ETH spot ETFs increase significantly, but I am still very reserved about the possible development of the situation in that direction.
-
Expecting to hit $5k is not impossible, is it?[/size]
You can always hope - but if we take into account that the price of ETH follows (to some extent) the price of BTC, then this could only happen when the price of BTC is twice as high as it is now. I already wrote that for the past 1 year, the ratio of BTC price growth compared to ETH is 100% compared to only 30%.
Ethereum ATH is $4,891.70.
And the current price is $2,574.04.
Even before the big crash a few days ago, the price of ETH had reached more than $3500, so if in the peak season of the bullrun, I really believe that the price of ETH can exceed its ATH and more than $5k.
Quite a difference was observed between this year's Bull run with the previous bull run. The highest price we have ever seen for Ether was around 5K and Bitcoin price was not above 70K in the last bull market. Ether hasn't seen much change recently since Bitcoin got its new ATH. Not only Ether but almost altcoins have not seen any major changes. But I am confident that if Bitcoin reaches 100K we will see a bull market in altcoins where Ether will also gain new ATH. If Bitcoin reach100K, we can each Ether 10k which is rational.
It is still way below from it's last all time high, so obviously, it is down almost at -50% as of this time and there are no altcoin bull run yet as Ethereum could be the prime mover in that market. Of course, the catalyst for the crypto bull run is Bitcoin and so when we see some big changes in price, it will have a trickle effect on the market including Ethereum and not the other way around.
There were even a time when we thought that altcoin market will de-couple with Bitcoin and will have it's own altcoin season. But that's not been the case so far. Everything is still tied up to Bitcoin market.
-
I was expecting the price of Ethereum to go up this month after the ETF trade got approved. I expected it to be similar to what Bitcoin ETF did after a month when it got approved. I am surprised to see the price of Ethereum only going down in the month of August. Am I FOMOing or is it the whole crypto market is reacting proportionately to the global market? If the ETF is not a success it can be discontinued but looking at the inflow I feel it is good but not as good as Bitcoin ETF.
What do you guys think?
Actually, it will not work if we compare everything to bitcoin what ever it is the top rated altcoin what ever it has one of the potential market cap even then if we compare with bitcoin the comparison and asking the question those time will be just go in vain.
So we should also accept that the Ethereum progress can't be same as the bitcoin progress also, But that doesn't mean that I am underestimating the etherium coin, it is the best altcoin but not the best coin so we can see the recovery in little slower but doesn't it is an opportunity to make some profit by targeting the next bull run ?
-
~snip~
There were even a time when we thought that altcoin market will de-couple with Bitcoin and will have it's own altcoin season. But that's not been the case so far. Everything is still tied up to Bitcoin market.
One of the reasons that altcoins cannot "progress" without Bitcoin is perhaps that there is far more disappointment among those who trade with altcoins than with Bitcoin. If someone could calculate (historically) how much money investors have lost investing in altcoins compared to BTC, I am sure that the losses would be incomparably greater with altcoins than with BTC.
The reason is more than simple, you just have to look at how many altocoins have survived in the last 10 years. Bitcoin is still here and there are no signs that it will disappear, and at the same time it has provided excellent profits to everyone who invested in it.
-
Ethereum ATH is $4,891.70.
And the current price is $2,574.04.
Even before the big crash a few days ago, the price of ETH had reached more than $3500, so if in the peak season of the bullrun, I really believe that the price of ETH can exceed its ATH and more than $5k.
It's $26xx today. Perhaps this is a good time for short time investors to buy some ETH. Forget about $5k, if this even goes to $3.5k from 10 ETH one can make around $9k.
-
It's $26xx today. Perhaps this is a good time for short time investors to buy some ETH. Forget about $5k, if this even goes to $3.5k from 10 ETH one can make around $9k.
For those who have money and are willing to take risks, even small price changes can be profitable - but most people are still in the "invest a little, profit a lot" category, which means that their expectations are much higher than that $3.5k or even $5k.
I remember when 1 ETH was worth about 7$, and how I thought about buying several dozen up to even 100 ETH because I could risk losing that money, but I simply gave up. It's not that I regret it, but I honestly didn't believe that that coin would ever be worth even half of what it is worth today.
-
I don't want to spoil your expectations, but if BTC is now at $60k, and ETH is at approximately $2600 - are you saying that it would be logical to expect that a BTC price increase of some 40% would mean an ETH price increase of even 400%?
That's probably just a whishful thinking of all those who prefer Ethereum (and altcoins in general) over bitcoin, and I know few of those in real life too.
While ethereum might outperform bitcoin in short periods of time, this bull run showed it once again that when it comes to long term, bitcoin is still way to go.
-
I was expecting the price of Ethereum to go up this month after the ETF trade got approved. I expected it to be similar to what Bitcoin ETF did after a month when it got approved. I am surprised to see the price of Ethereum only going down in the month of August. Am I FOMOing or is it the whole crypto market is reacting proportionately to the global market? If the ETF is not a success it can be discontinued but looking at the inflow I feel it is good but not as good as Bitcoin ETF.
What do you guys think?
This only means that Ethereum is also an altcoin that relies on the price of Bitcoin. There are times that Ethereum performs well than Bitcoin but has the same direction with Bitcoin. But this doesn't mean that Ethereum is not a good coin, there are lot of investors who really believes in it since the beginning. So sometimes it's better to invest in Bitcoin, sometimes in Ethereum, it's just depends on you because we all have different perspective, but one thing is true, Ethereum is also a good coin to invest with.
-
Have you forgotten that most coin are being driving by bitcoin?
How do you think Ethereum would soar while bitcoin is not making any new push or even going back to the previous ATH at least even though not to the ATH but let it go close to 67, or 69 at least with this there could be a turn around for ethereum to surge in price.
-
Ethereum is not a coin that can move all by itself, which means that we are seeing it move according to what other coins are doing, this means that we may not see it do all that crazy well while other coins are doing badly. The market has been a little down recently, and that impacted ETH as well, while its not doing terrible right now, it is not doing that amazing neither. I still think that it will pass over 3000 very soon, its going to be probably this month or latest next month, so investing into ETH is still a good deal and won't be something that will impact anything at all. The result will be coming soon.
-
I don't want to spoil your expectations, but if BTC is now at $60k, and ETH is at approximately $2600 - are you saying that it would be logical to expect that a BTC price increase of some 40% would mean an ETH price increase of even 400%?
That's probably just a whishful thinking of all those who prefer Ethereum (and altcoins in general) over bitcoin, and I know few of those in real life too.
While ethereum might outperform bitcoin in short periods of time, this bull run showed it once again that when it comes to long term, bitcoin is still way to go.
According to many, the approval of spot ETH ETFs should have made a difference, even though they claim that we should wait for a while, as was the case with spot BTC ETFs. Let's say that this is so and that we will see the real picture in a few months, I still think that investors are very cautious about investing in ETH, which have been following various controversies for years, which were not helped even by the transition from Pow to PoS.
In addition, when you do not have a clearly defined max supply and when the number of coins in circulation is x6 compared to BTC, it is difficult to expect the price of ETH to be higher than it is now, or what it was three years ago - from when it lost until today almost 50% of the value.
-
According to many, the approval of spot ETH ETFs should have made a difference, even though they claim that we should wait for a while, as was the case with spot BTC ETFs. Let's say that this is so and that we will see the real picture in a few months, I still think that investors are very cautious about investing in ETH, which have been following various controversies for years, which were not helped even by the transition from Pow to PoS.
In addition, when you do not have a clearly defined max supply and when the number of coins in circulation is x6 compared to BTC, it is difficult to expect the price of ETH to be higher than it is now, or what it was three years ago - from when it lost until today almost 50% of the value.
I remain optimistic about the positive impact that ETH Spot ETFs will have on ETH price, but now is not the time to expect that. Grayscale clients are still selling, and the market has just experienced a panic as investors worry about a financial recession... the decline in ETH price is completely normal.
I believe that as soon as the re-accumulation ends, BTC, ETH, and many ALTS in the market will have an impressive recovery and strong growth, leading us into bullrun and altseason. The current decline may be the perfect opportunity for us to continue accumulating more tokens to generate more profits in 2025.
-
Ethereum is not a coin that can move all by itself, which means that we are seeing it move according to what other coins are doing, this means that we may not see it do all that crazy well while other coins are doing badly. The market has been a little down recently, and that impacted ETH as well, while its not doing terrible right now, it is not doing that amazing neither. I still think that it will pass over 3000 very soon, its going to be probably this month or latest next month, so investing into ETH is still a good deal and won't be something that will impact anything at all. The result will be coming soon.
It would always goes behind with Bitcoin and this is why it would really be that important that you should really be trying to look on whats the current price condition or market trend because
ETH would really be comes falls behind on what Bitcoin would do, Although there would really be conditions that its movement would really be that totally goes opposite movement
towards the trend. We've seen ETF's are really that becoming a thing now on which we dont know whether outcomes or results would be positive as well.
-
I believe that these are all normal stuff, and 3k looks like its around the corner and will happen, its just what we have and there is nothing that could prevent that. I know that it is not going to be easy to handle all of this, I know that many people are not invested at the moment and because of that there are a lot of people who do not know what to do, but just get what you can and wait for it to happen, that's all you can do. Buying now and getting 3k+ is literally %10 and that's all there is to it, there isn't really anything that could be all that bad, its a quick profit and will happen soon if you ask me.
-
I confess I'm a little disappointed with the price of ETH at the moment
However, my understanding of the market in general is that with each cycle there are more and more projects, and even with more money entering the marketcap, this money is more diluted, especially with so many L2s today (arb, op, polygon etc.)
ETH is falling more than BTC, and when it rises, ETH isn't keeping up
I think it's going to be a bit difficult for ETH to beat ATH again in a short period of time
-
There is a lot of ETH price dumping at the moment. Not only ethereum but all coins in the crypto market are dumping as bitcoin is dumping. The price of ETH is disappointing at the moment and Ethereum may take some time to recover. So now is a good time to invest in Eth, as its price is very low right now. So those who want to invest can invest now it will be good profit for future.
-
ETH are taking rest for next lage up and we can see $4500 per ETH price in Nov 2024 but for that BTC have to touch ATH and touch the $100K so our patience have rewarded very well.
-
There is a lot of ETH price dumping at the moment. Not only ethereum but all coins in the crypto market are dumping as bitcoin is dumping. The price of ETH is disappointing at the moment and Ethereum may take some time to recover. So now is a good time to invest in Eth, as its price is very low right now. So those who want to invest can invest now it will be good profit for future.
The price of Ethereum dump because Vitalik donated some Ether to some strange wallet from his personal wallet that is well known by many people and this raise a suspicions that he is dumping his Ether but made a transparent response about the funds that it was a donation for charity and the charity decided to send to exchange to sell.
I think the ethereum community ought ot have know better how Vitalik has been gifting coins to charity, there was that time he donated some Shiba to Indian for covid 19 packages and many more, it shouldn't be a red flag to dump their ether.
-
We do have this recent news about ICO ETH Whale sell off.
https://cryptopotato.com/ethereum-ico-whale-sells-19000-eth-worth-over-47m-amid-market-fud/
https://www.thecoinrepublic.com/2024/10/03/ethereum-whale-sells-19k-eth-as-market-reacts-to-price-slump/
Reasons? They might have plans on accumulating or buying something new or simply stick with Bitcoin?
Offloading 19,000 ETH.. damn
-
Ethereum is not a coin that can move all by itself, which means that we are seeing it move according to what other coins are doing, this means that we may not see it do all that crazy well while other coins are doing badly. The market has been a little down recently, and that impacted ETH as well, while its not doing terrible right now, it is not doing that amazing neither. I still think that it will pass over 3000 very soon, its going to be probably this month or latest next month, so investing into ETH is still a good deal and won't be something that will impact anything at all. The result will be coming soon.
This is wrong. You should check back what happen to ethereum price due to ETH 2.0 which was as a result of migration from ethereum proof of work to proof of stake, that alone mafe ethereum to new all time high and ever since then, other announcements has been secondary effects and that's because the announcement are not as strong as the ethereum 2.0 migration.
Though, the developers aren't transparent as we expected, they said Ethereum transaction was going to be lower if they finally migrated to proof of stake but the transaction fee has been higher than what is expected and hence less interest from the investors.
-
Nope, that was in 2021 when the migration started, but when it became full on proof of stake the price didn't move at all. I am too tired to check the dates right now, but the December one, either it was 2020 or 2021, that was "do we do this?" question asked, and many people with a ton of money replied yes so it started, but then it was about a year or so later when proof of stake actually started, and at that moment we didn't had any issues at all and didn't really went up. So ETH doesn't go up without bitcoin, and even if we had a moment or two, its not common and very rare situation.
-
-snip-
Though, the developers aren't transparent as we expected, they said Ethereum transaction was going to be lower if they finally migrated to proof of stake but the transaction fee has been higher than what is expected and hence less interest from the investors.
Although there were no significant developments after the migration, people still believe in Ethereum, although not as hype as in the past when Ethereum was still the most crowded network.
But now Layer-2 networks are starting to emerge and users are preferring Layer-2 networks because the fees are cheaper and some Layer 1 networks like SOLANA, TRON, SUI etc only require a small amount of fees for the network and more new tokens are emerging.
-
Ethereum is not a coin that can move all by itself, which means that we are seeing it move according to what other coins are doing, this means that we may not see it do all that crazy well while other coins are doing badly. The market has been a little down recently, and that impacted ETH as well, while its not doing terrible right now, it is not doing that amazing neither. I still think that it will pass over 3000 very soon, its going to be probably this month or latest next month, so investing into ETH is still a good deal and won't be something that will impact anything at all. The result will be coming soon.
This is the month of October; we are no longer in September; the $3k you assumed for Ethereum to reach hasn't found its way to $3k since then. The highest price it has reached from September till this day is $2,728. We don't know when the market will show a green candlelight for us to see Ethereum reach the speculated price of $3k it was around July.
-
ETH are taking rest for next lage up and we can see $4500 per ETH price in Nov 2024 but for that BTC have to touch ATH and touch the $100K so our patience have rewarded very well.
Did you just called numbers any how or there is something you are expecting for this that we don't know? Is this attributed to the US election? If it's then I will advice you to lower your expectations even though Trump wins the election, it will make Bitcoin price to run up and perhaps ethereum but it will be after before we will see Bitcoin bull run perhaps 2025.
If the election doesn't go as we expected, then you should expect the opposite then but I know for a fact that Bitcoin will be fine even if things doesn't go as many bag holders are expecting, Bitcoin is speculative and will have something to move along with just like the old times.
-
it is still going up and is still stable to follow the price of Bitcoin.
ETH became my favorite asset after Bitcoin and started collecting it when the price bottomed out a few days ago.
Expecting to hit $5k is not impossible, is it?
You can always hope - but if we take into account that the price of ETH follows (to some extent) the price of BTC, then this could only happen when the price of BTC is twice as high as it is now. I already wrote that for the past 1 year, the ratio of BTC price growth compared to ETH is 100% compared to only 30%.
Moreover, for the current situation, the market conditions are really dropping. And this makes us hold the coins longer. Yes, that's right, even though Ethereum always follows Bitcoin's price movements, the reality is that Ethereum's increase cannot be 100% the same as Bitcoin's price.
ATH ETH is $ 4,891. and the current price is around $ 2,371. so that's still quite a long range. and we can still hope for a more drastic Ethereum price increase. Yes, of course it's possible and there are several ways if we look at several possibilities for the ETH price increase. Yes, at least it might go up and touching the previous ATH is already very grateful. and especially if it can exceed it with a 30% increase from its ATH, that's enough.
-
-snip-
ATH ETH is $ 4,891. and the current price is around $ 2,371. so that's still quite a long range. and we can still hope for a more drastic Ethereum price increase. Yes, of course it's possible and there are several ways if we look at several possibilities for the ETH price increase. Yes, at least it might go up and touching the previous ATH is already very grateful. and especially if it can exceed it with a 30% increase from its ATH, that's enough.
therefore I buy and hold ETH for the long term in addition to Bitcoin.
ETH is doing well as a top altcoin and is a role model for all altcoins.
ETH's ATH at $4,891 is indeed quite high, I think ETH can also reach a price of $10k++ and of course it will be accompanied by the price of Bitcoin which exceeds the price of $100k++.
-
therefore I buy and hold ETH for the long term in addition to Bitcoin.
ETH is doing well as a top altcoin and is a role model for all altcoins.
ETH is a trusted altcoin. It is good to hold ETH. Besides BTC, ETH is another safe coin for holding, whether for short or long term.
So far, there is no problem with ETH. ETH is always nice for investment, it never makes us disappointed. Sure, ETH is leading all altcoins, it is the king of altcoins.
ETH's ATH at $4,891 is indeed quite high, I think ETH can also reach a price of $10k++ and of course it will be accompanied by the price of Bitcoin which exceeds the price of $100k++.
ETH is $2,364 now. Reaching $4,891 is very possible. I think it is not a too high price to pass by ETH. But to reach $10k, I'm not sure that it will be reached in this cycle. This may be the next ATH in the next cycle. Maybe in 2029.
-
-snip-
ATH ETH is $ 4,891. and the current price is around $ 2,371. so that's still quite a long range. and we can still hope for a more drastic Ethereum price increase. Yes, of course it's possible and there are several ways if we look at several possibilities for the ETH price increase. Yes, at least it might go up and touching the previous ATH is already very grateful. and especially if it can exceed it with a 30% increase from its ATH, that's enough.
therefore I buy and hold ETH for the long term in addition to Bitcoin.
ETH is doing well as a top altcoin and is a role model for all altcoins.
It's pretty obvious though that if Bitcoin is the king of crypto, ETH is the top altcoins. That has been the setup for quite sometime now and I do not see any other coins to challenge that status. Although there are several attempts made before.
ETH's ATH at $4,891 is indeed quite high, I think ETH can also reach a price of $10k++ and of course it will be accompanied by the price of Bitcoin which exceeds the price of $100k++.
And it is still -51 % from it's previous all time high, as compare to Bitcoin which reach it's ath already. So ETH investors really need to push in the last 3 months and in the next year to reach $10k. I would say that it is still doable, but everything will start from Bitcoin itself, it needs a rally to go to at least $100k so that every other altcoin will follow and the trickle effect is still there.
-
-snip-
And it is still -51 % from it's previous all time high, as compare to Bitcoin which reach it's ath already. So ETH investors really need to push in the last 3 months and in the next year to reach $10k. I would say that it is still doable, but everything will start from Bitcoin itself, it needs a rally to go to at least $100k so that every other altcoin will follow and the trickle effect is still there.
So now just be patient and start accumulating more ETH that you can afford to buy. Holding for the long term will certainly yield tremendous gains when Bitcoin reaches ATH again.
FOMO is imminent and the price of ETH will certainly be bullish until it reaches $10k.
Nothing is impossible in crypto, it can even happen overnight, now it is just a matter of being patient and buying gradually.
-
-snip-
ATH ETH is $ 4,891. and the current price is around $ 2,371. so that's still quite a long range. and we can still hope for a more drastic Ethereum price increase. Yes, of course it's possible and there are several ways if we look at several possibilities for the ETH price increase. Yes, at least it might go up and touching the previous ATH is already very grateful. and especially if it can exceed it with a 30% increase from its ATH, that's enough.
therefore I buy and hold ETH for the long term in addition to Bitcoin.
ETH is doing well as a top altcoin and is a role model for all altcoins.
ETH's ATH at $4,891 is indeed quite high, I think ETH can also reach a price of $10k++ and of course it will be accompanied by the price of Bitcoin which exceeds the price of $100k++.
I agree that ETH is the best coin after BTC, even though the price increase is not as good as BTC, the value of ET has recently increased a lot (green) when BTC always experiences a decline, it is indeed very difficult to reach 4K, but at least ETH can still show its performance in this session, hopefully ETH can reach its new ETH without any bad news dilemmas
-
So now just be patient and start accumulating more ETH that you can afford to buy. Holding for the long term will certainly yield tremendous gains when Bitcoin reaches ATH again.
FOMO is imminent and the price of ETH will certainly be bullish until it reaches $10k.
Nothing is impossible in crypto, it can even happen overnight, now it is just a matter of being patient and buying gradually.
Yes, whatever happens, you can only do it by optimizing the market. Yes, here, we are experiencing a market crash, and we must not panic, right? That means the only way is to follow the flow of the crypto market. If you want to take advantage and have capital, just buy, accumulate more Bitcoin or other coins. If you don't have capital, just wait, don't panic, and stay strong to hold our assets.
-
I agree that ETH is the best coin after BTC, even though the price increase is not as good as BTC, the value of ET has recently increased a lot (green) when BTC always experiences a decline, it is indeed very difficult to reach 4K, but at least ETH can still show its performance in this session, hopefully ETH can reach its new ETH without any bad news dilemmas
I'm not really sure if Ethereum is the best coin after Bitcoin, on the utility aspect ethereum has wide range of used be used because it's the best and reliable but there are many altcoins that has good performance and return on investment than ethereum. Eth didn't had much pump like other altcoins and it's the coin that is dumping the most.
Bitcoin pump this year but kindly look at the chat, Ethereum is almost finish dumping back to where it started pumping and Bitcoin hasn't even done anything yet, the chat looks like it's hanging over but ethereum has dropped every value it has added in this bull run.
-
I agree that ETH is the best coin after BTC, even though the price increase is not as good as BTC, the value of ET has recently increased a lot (green) when BTC always experiences a decline, it is indeed very difficult to reach 4K, but at least ETH can still show its performance in this session, hopefully ETH can reach its new ETH without any bad news dilemmas
I'm not really sure if Ethereum is the best coin after Bitcoin, on the utility aspect ethereum has wide range of used be used because it's the best and reliable but there are many altcoins that has good performance and return on investment than ethereum. Eth didn't had much pump like other altcoins and it's the coin that is dumping the most.
Bitcoin pump this year but kindly look at the chat, Ethereum is almost finish dumping back to where it started pumping and Bitcoin hasn't even done anything yet, the chat looks like it's hanging over but ethereum has dropped every value it has added in this bull run.
Under the current conditions, it is quite possible that you might be disappointed that ETH has underperformed to some degree or the other even though one can agree and relate a lot to the initial hype and expectation. And BH has been truly stolen by some altcoins with much sharper performance, and that adds a strong ground to even question existence of ETH beyond its utility. I believe that there are quite many who shows doubtfulness, because when the large scale project does not much increase a price, the market confidence will shake as well. However, both BTC has also faced some bad news, and at the current level many people, it would seem, are shocked, and ETH also almost returned to the starting position. In any of these circumstances, reliance on data to analyse and compare outcomes seems to make more rational than just retaining he old assumptions.
-
ETH is pretty much a dinosaur.
Sub 1000 is right around the corner.
Set a buy the dip up at 985 and 885 and 785
-
I was expecting the price of Ethereum to go up this month after the ETF trade got approved. I expected it to be similar to what Bitcoin ETF did after a month when it got approved. I am surprised to see the price of Ethereum only going down in the month of August. Am I FOMOing or is it the whole crypto market is reacting proportionately to the global market? If the ETF is not a success it can be discontinued but looking at the inflow I feel it is good but not as good as Bitcoin ETF.
What do you guys think?
I think ETH saw some good price increase when the market faced the bull run price movement, when Bitcoin touched an ATH of $109k. Just as Bitcoin started going down, the entire market faced a bloodbath, with red candlesticks everywhere. ETH is one coin that doesn't really move rapidly, but steadily, though, it easily react to any little downside of Bitcoin while going down, and it doesn't move well in the positive move of Bitcoin.
-
I was expecting the price of Ethereum to go up this month after the ETF trade got approved. I expected it to be similar to what Bitcoin ETF did after a month when it got approved. I am surprised to see the price of Ethereum only going down in the month of August. Am I FOMOing or is it the whole crypto market is reacting proportionately to the global market? If the ETF is not a success it can be discontinued but looking at the inflow I feel it is good but not as good as Bitcoin ETF.
What do you guys think?
I think ETH saw some good price increase when the market faced the bull run price movement, when Bitcoin touched an ATH of $109k. Just as Bitcoin started going down, the entire market faced a bloodbath, with red candlesticks everywhere. ETH is one coin that doesn't really move rapidly, but steadily, though, it easily react to any little downside of Bitcoin while going down, and it doesn't move well in the positive move of Bitcoin.
ETH is the second to Bitcoin. Many people are comparing this currency to Bitcoin and many think that in the future ETH will surpass Bitcoin. Since ETH is the second largest marketcap in the crypto industry, we expect that it will not easily manipulated just like what happened to Bitcoin. Just like Bitcoin, ETH has too many holders already. So considering with that huge marketcap and wide spread holders, the price volatility is very low compare to other altcoins. And because of Bitcoin dominance, ETH will still follow Bitcoin's price movement.
-
Just like Bitcoin, ETH has too many holders already. So considering with that huge marketcap and wide spread holders, the price volatility is very low compare to other altcoins.
As I type this, ETH has gone down -10.67%
It's the top 3 largest drop of any top 50 coin!
Just because it's the second in market cap doesn't mean a thing, it has become a shadow of itself and the fact that it has managed to briefly go on some exchanges below the 2018 ATH is a clear sign the majority is losing hope on it.
-
I agree that ETH is the best coin after BTC, even though the price increase is not as good as BTC, the value of ET has recently increased a lot (green) when BTC always experiences a decline, it is indeed very difficult to reach 4K, but at least ETH can still show its performance in this session, hopefully ETH can reach its new ETH without any bad news dilemmas
There is no doubt that ETH is the best altcoin and ETH is the second largest crypto coin. It is commonly following the price growth of Bitcoin. But recently, ETH looks like to not following well Bitcoin. Bitcoin has reached new ATH several times, but ETH never reaches a new ATH in the current cycle. Even, it still can't reach $4k and it dropped to below $1,5k. Because of this, many people feel disappointed with Ethereum.
-
I agree that ETH is the best coin after BTC, even though the price increase is not as good as BTC, the value of ET has recently increased a lot (green) when BTC always experiences a decline, it is indeed very difficult to reach 4K, but at least ETH can still show its performance in this session, hopefully ETH can reach its new ETH without any bad news dilemmas
I'm not really sure if Ethereum is the best coin after Bitcoin, on the utility aspect ethereum has wide range of used be used because it's the best and reliable but there are many altcoins that has good performance and return on investment than ethereum. Eth didn't had much pump like other altcoins and it's the coin that is dumping the most.
Bitcoin pump this year but kindly look at the chat, Ethereum is almost finish dumping back to where it started pumping and Bitcoin hasn't even done anything yet, the chat looks like it's hanging over but ethereum has dropped every value it has added in this bull run.
I don't know, I'm dizzy looking at the market right now, I want to take a break from looking at the market, the decline after decline makes me tired, it's better to avoid the market right now, focus on other things or hunt for free tokens, it seems interesting at the moment,
-
There is no doubt that ETH is the best altcoin and ETH is the second largest crypto coin.
Actually, it's the worse by any metric out of the top 10 coins, nowhere near Bitcoin or rivaling with it.
A coin that is right now exactly 1/3 of the value it was 3 years ago while others are way past that value has hardly something to brag about.
$4,878.26 66.1% Nov 10, 2021 (over 3 years)
Best altcoin? Not even by a mile!
-
This thread was created on the August 03, 2024, 11:30:14 AM, and by then the price of Ethereum was about $2+k and today as we speak it is $1,536. In the early first quarter of 2024 or late 2023, I invested in Ethereum and after some months the investment was not growing instead it was reducing so I sold it out a the lost rate since then I have not seen Ethereum doing well in the crypto market. And I see those who have invested in it for 4-5 years time now are wasting their money there. Let them take the money and invest it in bitcoin.