Now I won't say that it can't overtake bitcoin, but rather that in a rational and logical world it shouldn't; and as I'm sure we all know, those are two things that are often lacking in this world.
Precisely. So (as they say) act like you know!
As long as ETH stays closed to my grand mother, he will never beat Bitcoin either in market cap or in adpotion. Ethereum is just not enough noob friendly.
I would like you to note something important about the market cap of Eth :
1 Poloniex ETH/BTC $128,753,000 $74.32 33.98% Recently
2 Bithumb ETH/KRW $43,785,800 $76.35 11.56% Recently
3 GDAX ETH/USD $33,186,800 $77.03 8.76% Recently
4 Kraken ETH/BTC $22,763,900 $74.28 6.01% Recently
5 Coinone ETH/KRW $21,537,300 $75.91 5.68% Recently
6 Kraken ETH/EUR $18,631,600 $72.07 4.92% Recently
7 Korbit ETH/KRW $16,135,600 $76.27 4.26% Recently
8 Gemini ETH/USD $10,175,600 $76.00 2.69% Recently
9 Poloniex ETH/USDT $9,592,930 $74.88 2.53% Recently
10 Bitfinex ETH/BTC $9,191,480 $74.10 2.43% Recently
11 Kraken ETH/USD $9,178,110 $72.90 2.42% Recently
Considering this info, i just think that :
1- I am sure Poloniex is faking his volume of ETH.
2- Bithumb is cheating with KRW.
3- Kraken his infos doesn't have any logic for me.
Most of the volume is made with BTC KRW USD EUR USDT
1- ETH/BTC yes, this is normal
2- KRW ? seriously ? South Korea ?
3- USD and EUR ? but these exchanges and the developers are either Russians or Ukranians where is RUR ?
So i really believe there is a lot of money laundering here.
The miners are leaving Ethereum.
A lot of hyip leads to a lot of pump, sooner or later they will crash deep down because the longer the hyip is, the more expencive he is.