Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Topic started by: Paha87 on August 18, 2018, 08:19:40 PM
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Ethereum co-founder and ConsenSys CEO Joseph Lubin said in an interview with Bloomberg that he does not see in the recent collapse of the price of cryptocurrencies restrictions for further growth.
In a recent discussion about the state of the cryptocurrency market with Bloomberg, Lubin said last year's price spikes were just another bubble, like the previous "six big bubbles, each more epic than the previous one, and each bubble is amazing when it happens."
Lubin added that on closer inspection, these peaks look like" pimples on the chart, " adding that each bubble, as well as the current one, has brought a significant surge of activity. Lubin concluded:
We are building a more fundamental infrastructure, seeing a correction, and the potential becomes even more impressive. I expect there is a strong correlation between price growth, growth of the fundamental infrastructure in the ecosystem, and growth of development in the ecosystem. We're probably two orders of magnitude higher than it was eight or ten months ago.
Lubin explained the volatility to "traders," that is, speculative investors, saying that it is not necessarily an indicator of changes in the underlying infrastructure. When asked about how price volatility affects him, Lubin said:
So we can look at the price and make growth plans and forecasts, and we're still working. So it's not unexpected.
Yesterday Ethereum (ETH) fell to a 9-month price low and is trading at $ 288. The last time, the air fell below the $ 300 mark in early November 2017.
Currently, ETH is trading at about $ 263, which is 7 percent lower, with a market capitalization of over $ 26 billion.
Reference to the source of information( Russian) - https://altstake.io/news/souchreditely-ethereum-kollaps-cen-kriptone-isklyuchaet-ih-rosta-v-buduschem