Do you think Ethereum will recover as well as Bitcoin? I'm not sure there will be another ICO boom, which is what caused the $10 -> $1400 rise last year, since there is a lot of crackdown on scammy ICOs and ICOs will I think be a much smaller thing during the next crypto boom. That said, I suppose it could just mean that fewer but higher quality ICOs happen in the next boom. But also next boom Ethereum should have several competitors in the dApp space. I mean I'm planning on selling between $2k and $3k so I sure hope it booms again, I'm just less sure about it compared to Bitcoin.
Most people thought Litecoin was going to disappear by the end of 2014. The answer for Ethereum now is the same as it was for Litecoin then: it's far too entrenched in the exchange ecosystem to not follow Bitcoin and get pumped. Money will always spill over into alts during bubble periods. It's definitely got another bubble up its sleeve.
Don't forget about Ethereum's proof-of-stake plans either. Like ICOs, it's another scheme to encourage massive buying and locking up of coins, same reason DASH has performed so well over time because of masternodes. I'm hoping the next bubble aligns with the launch of Casper.....should provide a lot of hype.
Ahh true about proof of stake...and won't that end the issuing of new Ether as well? Capping the supply.
Yeah Litecoin was at like $2 forever haha, that pump to like $48 in late 2013 was right when I got into crypto, then Litecoin price just disappeared until mid-2017!
Well I certainly hope Ethereum can vastly outperform the 2017 price, I mean my goal sale price is only around double the ATH so hopefully that will at least happen, even if other coins like Bitcoin go many multiples higher.
$3k is just too much for a token like ETH and i don't think its ATH can ever happen let alone twice that much for a token that has unlimited supply. even if they put a cap on it at some point they would be putting a cap on a token that already has a gigantic circulating supply! not to mention that putting a cap on it means they would break everything they were saying so far (ETH is a fuel for smart contracts and it needs to be unlimited).
don't compare it with LTC either. LTC has less than half of the supply of ETH and it is capped. not to mention that it is a copy of bitcoin and unlike others it has always followed bitcoin up.
I mean it already went to 1400 on the last boom, so just doubling wouldn't be very much, as most coins will i'm sure go like 5-10x higher than their ATHs on the next boom. Only reason I'm not sure is cuz ICOs drove the price so high. I guess it depends if ETH dApps actually gains real adoption (I'm not sure this whole dApp thing will ever take off). If dApps aren't starting to gain real adoption by like 2021 during the next boom then yeah you might be right it might not even double its ATH.
Also I'd be careful saying X amount of money is too much for a certain coin. Look at Ripple, its a entirely centralized coin that is controlled and significantly owned by a single company and yet the market bought it up over 100 billion dollar marketcap, Ether at $3000 would be nothing compared to the absurdity of that. And I'm sure Ripple will go even higher on the next boom too! Look at how much lots of ICOs went up when all they had was a white paper.
