The whole cryptocurrencies market is entirely driven by BTC. With sudden jump or upward movement of BTC price, I see some correction soon and we should be ready to invest some amount so that we can ride along again to gain some profits.
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I think you now got your answer. This is not possible at least this year. If you say $1000 or $1200, it may happen but closer to that value. With the values you mentioned, market capitalization will be in billions which is not feasible at the moment for ETH.
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Even if we consider Bintex future as a good project, I doubt its future. Since in India, the mindset of government is not clear and at any time government may introduce a full ban or strict regulations to cryptocurrencies holding or trading. Unless the situation is in favor of the crypto market, there is no light at the moment for Indian projects.
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For me, it is still Ethereum which has a brighter future. Ethereum is still a leader when it comes to the digitization of dApps as a blockchain platform. Its scalability is keeping it at this position. The higher gas fee is the issue at the moment but with the introduction of 2.0 it will definitely get solved soon.
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There is a saying, it is always late but never too late. When BTC emerged, that point was also a call for investors to join crypto. Tomorrow if BTC will reach around $25K, people will say now we have to invest in crypto. I think we should grab those opportunities to enter the market considering it's time to enter.
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I think the entire movement is to make eth worth more than that of now. By doing so by Binance and its users, ETH will automatically move upwards. Surely buying and then locking or staking will increase the demand and will keep price move upwards. Remember that the huge userbase of Binance can certainly influence the price of not only ETH but for any other crypto.
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From my point of view, things will not change much for cryptocurrencies in the US and thus the entire market. Whether it's democratic or republic, there are few ministries that don't change their affairs. Even if any change in inclination or declination towards crypto will happen, it will take much time as these policies will not take effect immediately.
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Yes, it happened to me when I was new n crypto. Even the coin was listed (officially) on two exchanges, i was able to see trading on two more exchanges which were not in co-operation with the project. Also, the price difference was huge among those. Sometimes I wonder if this is possible without the involvement of teams.
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From my point of view, it is not those crowdfunding methods are a scam but people who are taking advantage of hyped technologies for their own benefits. Wherever they will see the opportunity to scam investors, will make that try. So crypto investors must be ready and cautious for golden looking technologies and related projects.
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You are right, but what if there will be correction tomorrow for BTC? it may again drag the market down and new bottoms can be seen. However, I also see the opportunity to invest in those but with caution.
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From my point of view, ETH will continue this rally in near future. 2.0 will definitely solve higher gas fees and congestion issues and also will improve scalability for wider adaption to dApps.
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This is great. This is now for every sector to adopt blockchain technology to cope up with competitors and provide users a state of the art services. For Ethereum it is another milestone. But the scalability will be a concern in near future as more and more projects adopting Ethereum platform. Hope it will be worked on soon.
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Really well done by Binance! What else is needed by any exchange? This must be followed by all exchanges. The action shows seriousness towards its community and of course will increase the confidence among users. This is the reason Binance is number one in the world.
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Very information thread. Highlighted important topics that are essential in this crypto market. Just to add another point, if cold/hardware wallet is not enough or not possible, we should keep our funds to different wallets or exchanges. This way there will be diversification and any hack or other not wanted thing, will not result in loss of all your investments at once.
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