globalpain
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December 25, 2018, 04:42:25 PM |
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I wonder what is the main reason why did the ethereum is on bull run? Is it because of the Constantinople upgrade?
I think it is just a correction occurred in ETH value because it's value has dropped too much this year. But if ETH successful upgrading their network, surely it will affecting the price of ETH in the market. But we cannot conclude it is a bull run yet, because it could be only a small correction. yesterday's price increase I think is only a small correction of ethereum prices, now the price is back down, the possibility of a bull run won't happen later this year, but at least there is a price increase from before, hopefully the beginning of the year there will be a significant increase in ethereum
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justdimin
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December 25, 2018, 06:17:34 PM |
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I wonder what is the main reason why did the ethereum is on bull run? Is it because of the Constantinople upgrade?
ETH didn't have a "bull" run, it actually just corrected itself. After all not too long ago ethereum was still high but price of bitcoin fall and for some reason ethereum fell even harder than bitcoin, right now we are not going up because of bull run but we are just recovering to the point where eth just lost as much as bitcoin lost and not more. There was absolutely no reason for Ethereum to fall more than any other coin and when that happened everyone was shocked, we expected a fall, you don't really expect ethereum to stay still while everyone falls but going lower than others was a surprise. So right now, all ethereum is doing is increasing faster than others because it decrease faster than others as well, that's all. Thankfully I had some ethereum stashed foreseeing this and now I am a happy camper.
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akitha
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December 25, 2018, 06:48:57 PM |
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i think its about the upcoming fork..but maybe there is another reason as well for this price hike.. lets hope that this hike will continue till 1000$ is reached
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alex_kir
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December 25, 2018, 07:13:22 PM |
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There is only one reason, I think that today, investing in ETH can definitely improve the situation with price. Therefore, today I still try to invest in ETH, because soon there will be new upgrades of this project.
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yesyes18
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December 25, 2018, 07:17:13 PM |
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I think Ethereum was going up because the general market was making a move. And most importantly i think it is due to thw new Constantinople release upcoming on the Ethereum network. That could also be a major reason for the recent pump we experienced.
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mummybtc
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December 25, 2018, 07:24:07 PM |
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i think its about the upcoming fork..but maybe there is another reason as well for this price hike.. lets hope that this hike will continue till 1000$ is reached
I do agree with you, the only reason I see responsible for the recent price movement is the coming fork which will reduce the block reward from 3 to 2, this is a significant deal because that means the inflation rate will be reduced by 33%. another thing I see is th reduction in dump of Ether tokens on the market by ICO developers since there is no a significant drop the the amount of money raised in the market
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desticy
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December 25, 2018, 07:31:04 PM |
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Hardly it can be called a bullish race, a small increase after a strong fall. I think when we see Ethereum at a price higher than $ 300 it can be called really growth.
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fedben
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December 25, 2018, 07:36:38 PM |
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I really do not know the major reason for the massive run in Ethereum, but I believe when one keeps investing, things like this are meant to happen. In fact, I do not see this as a massive rise because I still expect more of this next year.
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karthcrypt
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December 25, 2018, 11:10:15 PM |
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The reason for bull run is simply a case of oversold asset. Ether has dumped below it's intrinsic value and it has to turn up, making a reversal that had been long time coming! Ether will still riding the positive feelings of the Christmas season for a while till next year probably!
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MRlong
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December 25, 2018, 11:45:17 PM |
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Hardly it can be called a bullish race, a small increase after a strong fall. I think when we see Ethereum at a price higher than $ 300 it can be called really growth.
Agree with you, now the rising of Ethereum is little a bit, and I think when the price of ETH reach more than $300, the bull run of Ethereum will happen, and I think that will happen soon because the next year will be the year of ETH with the hard fork upcoming. And after the hard fork completed, the price of ETH will reach a peak.
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alex_kir
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December 26, 2018, 08:05:54 PM |
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Hardly it can be called a bullish race, a small increase after a strong fall. I think when we see Ethereum at a price higher than $ 300 it can be called really growth.
Wait, I do not see such prices. I see that today there is generally no growth. If you are talking about some small growth, then it probably cannot be called something very useful in general. Yet today we can hope for this growth, but no more.
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sabine80
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December 26, 2018, 08:12:44 PM |
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for me, the price increase was certainly not a bull run. i was pleased, but i had no great hopes for an extreme price increase. i expect a price increase after the next update, but i would not rely on that.
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Bttzed03
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December 26, 2018, 08:33:17 PM |
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That was not even a bull run.
There was no news attributed to that mini-recovery so it is more likely that it was just riding from the Bitcoin run. Real Eth Bull run may start after the hardfork.
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Zythiphill
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December 26, 2018, 10:19:30 PM |
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I wonder what is the main reason why did the ethereum is on bull run? Is it because of the Constantinople upgrade?
Actually now I do not see a bullish trend in Ethereum, we are still under the pressure of bears , I think if we go above 200-250$ then we can call a bullish trend
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marcitosi
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December 26, 2018, 10:22:50 PM |
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I think that everyone understands that ethereum is a very promising cryptocurrency and you can make good money on it, so you invested it in your money
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cerberus5424
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December 26, 2018, 10:41:15 PM |
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The update has not yet occurred. Now the price rose only because of the fact that we are close to the minimum limit of support and bounced away. Bitcoin has grown up and subsequently grown Ethereum.
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coinbirds
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December 26, 2018, 11:05:26 PM |
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ETH has lost a lot in it`s value this year over the market average. It lost a lot from it`s market share comparing to BTC or XRP. With the developments upgrades coming in January it is time to recover some of that loss.
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oktana
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December 26, 2018, 11:20:18 PM |
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I don't think that for that reason Eth's price is currently on the rise, because I just thought at that time BTC prices were on a bullish market so popular altcoins like Ethereum would always follow BTC prices and there might be some members who gave other reasons I heard that there is a problem about Bithereum, does that also cause the Ethereum market to experience a bull market?
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cryptonx
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December 26, 2018, 11:23:34 PM |
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i think its about the upcoming fork..but maybe there is another reason as well for this price hike.. lets hope that this hike will continue till 1000$ is reached
yepp, a fork and i believe others good news will come to ethereum in the near time so, this will create more demands on ethereum my friend of course when the demands increase the price of ethereum will rise ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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kerzhake
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December 26, 2018, 11:27:46 PM |
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most likely this impetus for growth served ethereum 2.0 which promise to launch in January
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