I don’t know where the price will end up at but I know it won’t be anywhere near current price. Once we have developers actually testing the network and put stress on it, we will see price action on either end of current price.
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Bitcoin Cash is continuing the way Bitcoin was designed to progress. BTC is making a massive experiment into an entirely different system based on different principles.
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I do think ethereum has a solid future, and I do think the price will rise in the big picture. I think the potential is very big though.
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ARK have a lot more to show for that price. They actually have a functioning mainnet with a v2 almost out of development. Also, their ICO was quite a while ago.
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Most of the world has yet to see any real value attributed to ETH. When cryptocurrency has scaled and it's starting to be used globally by big companies, the real rush will come. What we seen was a global recognition of crypto and then a quick slump when people realised that it actually has no real worth yet.
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We'll be at a new all-time high by the time these guys finish covering their billion-dollar 3-month adventure in shorting Bitcoin.
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My choice is Cardano as it is a new platform that is in mid-development that has the potential to make some big moves in the crypto space. It’s a long hold since it’s not planned to have Proof of Stake out for another 2-3 months and smart contracts are not out yet.
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Neo has partnered with Ontology, Trinity, and POA with aspirations of creating an “All of the Above” Blockchain. With all of these coordinating together, it becomes a Ethereum + Lisk + Icon cross-chain Mammoth. That is what gives it extra value IMO.
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The only time price would matter would be if it dropped by to single digits, then the Ethereum Foundation might have some financial problems.
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It has nothing to do with panic. People “buy the hype, sell the news.” It’s a simple investing tactic, or in other terms “short-hold.” People moved on to other projects. This is to be expected.
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