first let me say that we are going to see a nice ETH and ETC pump in the near future.
Why?
1st of all it have one the biggest market cap among under $2 Crypto Currencies. Which is about $118,086,794.
2sd The lowest point this coin ever went was $.77. Even then the Market cap was about $70+ Million.
in your both arguments you are using the market cap which is not a good comparison and will always give you wrong information in altcoin market. instead just look at the volume.
and about 2 i have to say the bottom is also important, you should check to see which price is the new bottom.
3rd there is a huge community dedicated due to Idealistic reasons. They estimate this could go up to $22. (I highly doubt it).
this is most probably will be the biggest reason for the possible rises as it has always been.
4thMicrosoft is looking into it.
nonsense.
Microsoft is not interested in any of the altcoins. the platform called Azure allows adding of many altcoins, and apart from hype it has no other effect.
Traders perspective.
Last year the coin touched its 52 week low $0.77. Since then It have risen up to $2(52 week high) .
Then it fell down to $1.17. With a week this rose up to 1.45.
Then it fell down to $1.35. Trading between $1.29- 1.35
IN my option $1.30 is the resistance line.
And in the upcoming weeks this is very likely to go up.
And if you wait long enough IT WILL Touch $2 Again. Bc in my option this coin is worth $2.
Disclaimer: This is only my perspective!!!
you should've added a chart instead of all this!
