Are we about to witness the decline of Ethereum?
I read the other day something like 80 percent of
all available ethereum is owner by a very, very small
percentage.
And with EOS & Tron and NEO creating alternatives,
I think Ethereum will steadily drop to a $150-250 range.
I am not saying Ethereum is a lesser technology.
I'm saying that when people have an alternative, some
will change. And, I mean, we know Vitalik Buterin is a
very very talented individual. And Ethereum has been very
important for the little time is has been around. But
as a trader, I get tired of ico's dumping huge amounts
of ethereum whenever they feel like it.
what do you think?
I don't think it does in any way signal the decline of Ethereum although it's true that in recent weeks it has been on a steady decline but then it's not the only crypto experiencing that. Bitcoins too has not had it easy particularly after the ETF debacle. Right now it's trading at the 6k threshold and that's well below expectations but that's not to say all hope is lost. The market is definitely set for a rebound.
