Thavash (OP)
Jr. Member
 Offline
Activity: 54
Merit: 15
|
 |
February 27, 2020, 07:08:24 PM |
|
OK sorry about the poor audio. In the video I discuss an article that I stumbled across which talks about the current amount of money locked in DeFI. Every day more and more ETH is locked in being used as Collateral for loans ( securing loans is one of the big use cases for DeFi ). This could grow rapidly as people around the world figure out that they can borrow in a global currency using the Ethereum network which was not possible for them previously.
Currently you need to lock in about 150% ETH collateral for a loan - ie. if you borrow $100 you need to put up $150 of ETH as collateral. Ethereum’s market capitalization today is $25 billion. Under today’s conditions, the network would allow the borrowing of $16.5 billion USD if every single ETH was used to collateralize loans, but only under 2% of the total ETH circulating is locked in currently.
Long story short ( and you should read the article ) , but If total supply of ETH never exceeds 120 million , and 10% ( 12 million ETH ) is used as Defi to support a derivatives market of , say $60 billion , then each ETH coin would be worth $5k.
|
|
|
|
|
|
|
|
Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
|
|
spike420211
|
|
February 27, 2020, 10:44:49 PM |
|
To admit it looks like another bad prediction. Predictions are good only at the moment when they come true, in all other cases these are empty words.
I saw a lot of forecasts and analyzes of this kind come true that were not destined.
The market does not belong to natural mechanisms, which means it is almost impossible to predict what will happen next.
|
|
|
|
|
Kiefner
Member
Offline
Activity: 921
Merit: 10
|
|
February 27, 2020, 11:08:33 PM |
|
So far, this is too high a price for ether. So far now is not worth looking, it is better to wait for a more real price from ETH and make a profit from this that we have.
|
|
|
|
PuertoLibre
Legendary
Offline
Activity: 1834
Merit: 1003
|
|
February 27, 2020, 11:27:03 PM |
|
Depends on BTC, if it rallies to $100,000 USD then I have no doubt ETH can reach $5,000 USD at the same time.
may take a few more years to achieve that much just can be said. Sure, I just don't consider that a problem. Maybe it is a problem for short term traders. But those people generally do very poorly in the long run anyway. It is not about for short term traders, there will be more waves of the current downtrend, from my experience. Don't forget, every tick on the second is the basement for all time frames, every newborn price tick will accelerate the current downtrend. I don't think market will go higher from this point but the small bounce is not impossible before the real market move by the tricky bears. |
|
|
|
|
|
rajsimran
|
|
February 27, 2020, 11:28:41 PM |
|
isn't is too much?5000$? even ETH didn't cross 1500$ in bull run and after 2 years ETH failed to recover 50% and you are expecting 5000$? your video's statement is good but trust me I saw thousands of videos like your but reality is another thing.In this market situation ETH can't break 500$.SO don't hope too high.But near future it will be but that time bitcoin will be 50k$-80k$ |
|
|
|
|
|
oscarftw
|
|
February 27, 2020, 11:32:48 PM |
|
We can't quite ignore it, because that's possible. Only after Ethereum 2.0, price could hit 5K USD. Another probability is for next year even if Ethereum 2.0 announcement this year. As some news predict that if CMC will hit trillions dollar next year than 5k should possible. |
|
|
|
|
|
chanc3r
|
|
February 27, 2020, 11:39:48 PM |
|
OK sorry about the poor audio. In the video I discuss an article that I stumbled across which talks about the current amount of money locked in DeFI. Every day more and more ETH is locked in being used as Collateral for loans ( securing loans is one of the big use cases for DeFi ). This could grow rapidly as people around the world figure out that they can borrow in a global currency using the Ethereum network which was not possible for them previously.
Currently you need to lock in about 150% ETH collateral for a loan - ie. if you borrow $100 you need to put up $150 of ETH as collateral. Ethereum’s market capitalization today is $25 billion. Under today’s conditions, the network would allow the borrowing of $16.5 billion USD if every single ETH was used to collateralize loans, but only under 2% of the total ETH circulating is locked in currently.
Long story short ( and you should read the article ) , but If total supply of ETH never exceeds 120 million , and 10% ( 12 million ETH ) is used as Defi to support a derivatives market of , say $60 billion , then each ETH coin would be worth $5k.
that's too big to assume if all of those coins will be put as collateral. Even we are still feeling doubt about how many coins will be locked in the POS mechanism after it will be fully implemented into the ethereum network. Let's say DeFi will be also accepting another kind of coins too especially for their own coin. |
|
|
|
|
BChydro
|
|
February 27, 2020, 11:55:30 PM |
|
The market does not belong to natural mechanisms, which means it is almost impossible to predict what will happen next. It is impossible to predict the market but we can have a guess on how the price could reach those valuation, if the investors think that there is value and utility in ETH then sure the price will rise and breach the all time high valuation but the problem is that i do not see that utility factor for ETH to dream a price rally in it  . |
|
|
|
|
|
pageraji
|
|
February 28, 2020, 01:32:33 AM |
|
I predict for ethereum price when bitcoin more than 12K $ ethereum can reach more 700 $, Dont look 2017 ATH its different situation on ethereum market, 2017 was year of the ICO and alot of ICO use ethereum smart contract |
|
|
|
|
minairia3
Sr. Member
Offline
Activity: 1470
Merit: 326
Vave.com - Crypto Casino
|
|
February 28, 2020, 01:34:41 AM |
|
We can't quite ignore it, because that's possible. Only after Ethereum 2.0, price could hit 5K USD.
Are you nuts? How come during the release you can already state that 5k is possible right away. I dont know why some people believing that tale, ethereum is good and very effective platform but the case here OPs introduced is somehow not yet on its trajectory to discuss with. Why not try to reach 300 level and see where it goes. Even a year 1k isnt sure to hit what more is this 5k. To admit it looks like another bad prediction.
More likely worse prediction. Even traders will laugh on this statement without any concrete but fundamental reason. |
|
|
|
|
mandor
|
|
February 28, 2020, 02:09:12 AM |
|
$5K for Ethereum I think is that's too much but it might be possible that's can be happens because it takes a long time to reach such a high price. it's hard to predict and let time answer because the current price of Altcoin is still dependent on Bitcoin. so their fate is in the hands of Bitcoin right now. honestly, I don't really like and believe in predictions.
|
|
|
|
moonblocks
Full Member
Offline
Activity: 714
Merit: 100
3... 2... 1... Launch!
|
|
February 29, 2020, 01:25:18 AM |
|
Not impossible, but a lot will depend on Bitcoins performance, which is still lagging a bit in light of the upcoming halving event and the release of Ethereum 2.0 will definitely add value which may get priced in earlier in anticipation
|
|
|
|
|
vvu351
|
|
February 29, 2020, 03:19:35 AM |
|
Not impossible, but a lot will depend on Bitcoins performance, which is still lagging a bit in light of the upcoming halving event and the release of Ethereum 2.0 will definitely add value which may get priced in earlier in anticipation
At this stage in the development of the cryptocurrency market, I more believe in a strong increase in the price of Bitcoin. I think that the price of Ethereum this year will not exceed $ 700. |
|
|
|
|
michellee
|
|
February 29, 2020, 12:22:11 PM |
|
Not impossible, but a lot will depend on Bitcoins performance, which is still lagging a bit in light of the upcoming halving event and the release of Ethereum 2.0 will definitely add value which may get priced in earlier in anticipation
At this stage in the development of the cryptocurrency market, I more believe in a strong increase in the price of Bitcoin. I think that the price of Ethereum this year will not exceed $ 700. If bitcoin price does not break more than $10k and the price still around $8k-$10k, then ethereum will not have a chance to break more than $400-$500. It all depends on bitcoin price, and once bitcoin price starts to increase higher, the altcoin will follow, including ethereum will follow to increase. Until that time, we need to be patient and still to buy ethereum if we want because the price now is still a low price for ethereum. |
|
|
|
thiscomm
Jr. Member
Offline
Activity: 224
Merit: 2
|
|
February 29, 2020, 02:40:02 PM |
|
in my opinion it is very difficult to reach that price. because for the current situation that might have been about the green number is still at a price of $ 200 more. so to reach the price of $ 5K is still very far, not impossible but rather requires a transaction large enough to pump it up to the price of $ 5k.
|
r e c k o o n ONE STOP SHOPPING APP
Global Shopping Platform (https://ieo.reckoon.com/)
[[[[[[ |
|
|
Henrytrust
Copper Member
Jr. Member
Offline
Activity: 238
Merit: 1
|
|
February 29, 2020, 04:06:12 PM |
|
I personally don't see ethereum reaching such an alt in the present market situation and condition. You need to understand that ethereum has no definite supply like bitcoin whose maximum amount is 21,000,000 and the amount in circulation just about 17,000,000. Ethereum could rally above a thousand dollars, but for five thousand, it would be very difficult, if not impossible. |
|
|
|
|
|
luckyflop
|
|
February 29, 2020, 04:10:30 PM |
|
Not impossible, but a lot will depend on Bitcoins performance, which is still lagging a bit in light of the upcoming halving event and the release of Ethereum 2.0 will definitely add value which may get priced in earlier in anticipation
At this stage in the development of the cryptocurrency market, I more believe in a strong increase in the price of Bitcoin. I think that the price of Ethereum this year will not exceed $ 700. 700$ is a very high price for ETH in the current market. I think there is no reason for the ETH to go up like it used to, the ICO is dead and investor demand for ETH has decreased. 400$ is the most affordable price ETH can achieve if the crypto market rallies this year |
|
|
|
|
|
imstillthebest
|
|
February 29, 2020, 04:29:14 PM |
|
Not impossible, but a lot will depend on Bitcoins performance, which is still lagging a bit in light of the upcoming halving event and the release of Ethereum 2.0 will definitely add value which may get priced in earlier in anticipation
At this stage in the development of the cryptocurrency market, I more believe in a strong increase in the price of Bitcoin. I think that the price of Ethereum this year will not exceed $ 700. 700$ is a very high price for ETH in the current market. I think there is no reason for the ETH to go up like it used to, the ICO is dead and investor demand for ETH has decreased. 400$ is the most affordable price ETH can achieve if the crypto market rallies this year there was a pump before if im not mistake and the highest price of eth achieved that time was only at 300 usd . how much more that the market is not really that hype ? eth right now is still strong at over 200 usd , just imagine if the market make a comeback again . i think this time will be stronger than usual because people right now are more aware of the cryptos compare to before . plus if cryptos were pumping , the enthusiasm for ico will come back again . |
|
|
|
|
|
angrybirdy
|
|
February 29, 2020, 06:30:20 PM |
|
It is possible for ethereum to reach $5k in the long run, but for now, it seems impossible due to the current situation we have in the market. If we can see how its price flows in the market, I doubt that even if the bull run comes, it will increase but it won't reach even half of $5k.
|
|
|
|
|
ScamViruS
|
|
February 29, 2020, 06:59:26 PM |
|
Expecting too much in too fast is dangerous. Because there are many facts behind it. The ath of the ethereum during the last bull run was $1,400. And then there was the hype of ico. Now the ico has decreased so the demand for ethereum has also decreased. Judging by the current market situation, ethereum can go up to $ 400-500. It won't be fair to expect more this year. Maybe we can see ethereum going $5000 in the future. But not this year. |
|
|
|
|
