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Author Topic: $10,170,000,000 was transferred over the Ethereum network in Q2  (Read 196 times)
Periodik
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November 21, 2020, 12:38:46 PM
 #21

Ethereum is the most used network. There are a number of DApps and DeFi projects which are built on Ethereum. Ethereum is also the number one choice among a big number of cryptocurrency projects. That is why it makes me laugh when people are forcing to compare the likes of Binance, Tron, EOS, etc with Ethereum. They are too far from reaching what Ethereum has already reached. Numbers don't lie.

$500 within the year for Ethereum is very small. Make it $1,000.
It looks like ETH price to $ 500 has a lot of resistance, I am holding a lot of ETH and I will not sell it for below 500 $. Hopefully the launch of ETH 2.0 will overcome the weaknesses faced by the previous generation and lower gas costs.

ETH 2.0 will push up the price of Ethereum beyond $500. If your selling price is $500, I think that is too low. At least don't sell your ETH if its not yet getting back to its ATH. It is impossible that the recorded ATH of ETH will remain the same after several years. There will always come a time when it is replaced with a new ATH. That is what I am waiting and I think it will not take even half a year before that happens.
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November 21, 2020, 02:42:10 PM
 #22

Decentralized applications built on the Ethereum blockchain hit a transaction volume of $ 10.17 billion by Q2 2020, according to Dapp.com.

 Ether Ethereum more than doubled (97%) active DApp users in Q2, with a sharp increase from 637,278 in the first quarter to 1,258,527 this quarter, reaching its highest value.  At the same time, the number of DApp users active on EOS and Tron also increased 30% and 50%, reaching 116,389 and 392,657, respectively.

 Although transaction and user volumes increased, there were only 99 new DApps this quarter across all 12 blockchains, representing the lowest number of new DApps launched in three years.
Do you think ETH price will reach 500 $ by the end of this year?

Although the amount of Dapp on Ethereum is less than that of EOS and TRON, you can see that the majority of large projects are dependent on ERC-20.  This shows that Ethereum's reputation is particularly great so other platforms won't be able to compete in this respect either.  Ethereum is still the number 1 platform.
More and more Defi projects are being developed on ERC-20 so I think the price of ETH will go up even more than $ 500, possibly priced around $ 700.

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November 21, 2020, 02:46:32 PM
 #23

Ethereum is the most used network. There are a number of DApps and DeFi projects which are built on Ethereum. Ethereum is also the number one choice among a big number of cryptocurrency projects. That is why it makes me laugh when people are forcing to compare the likes of Binance, Tron, EOS, etc with Ethereum. They are too far from reaching what Ethereum has already reached. Numbers don't lie.

$500 within the year for Ethereum is very small. Make it $1,000.
It looks like ETH price to $ 500 has a lot of resistance, I am holding a lot of ETH and I will not sell it for below 500 $. Hopefully the launch of ETH 2.0 will overcome the weaknesses faced by the previous generation and lower gas costs.

ETH 2.0 will push up the price of Ethereum beyond $500. If your selling price is $500, I think that is too low. At least don't sell your ETH if its not yet getting back to its ATH. It is impossible that the recorded ATH of ETH will remain the same after several years. There will always come a time when it is replaced with a new ATH. That is what I am waiting and I think it will not take even half a year before that happens.
In any case, it is too early to talk about Ethereum sales today. The whole process is still in its infancy and Ethereum has not yet collected the required number of validators to launch the update. There are some forecasts that if the required amount of Ethereum is not collected by the appointed time, then Vitalik Buterin himself or his team can add this amount.

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Periodik
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November 22, 2020, 08:24:22 AM
 #24

Ethereum is the most used network. There are a number of DApps and DeFi projects which are built on Ethereum. Ethereum is also the number one choice among a big number of cryptocurrency projects. That is why it makes me laugh when people are forcing to compare the likes of Binance, Tron, EOS, etc with Ethereum. They are too far from reaching what Ethereum has already reached. Numbers don't lie.

$500 within the year for Ethereum is very small. Make it $1,000.
It looks like ETH price to $ 500 has a lot of resistance, I am holding a lot of ETH and I will not sell it for below 500 $. Hopefully the launch of ETH 2.0 will overcome the weaknesses faced by the previous generation and lower gas costs.

ETH 2.0 will push up the price of Ethereum beyond $500. If your selling price is $500, I think that is too low. At least don't sell your ETH if its not yet getting back to its ATH. It is impossible that the recorded ATH of ETH will remain the same after several years. There will always come a time when it is replaced with a new ATH. That is what I am waiting and I think it will not take even half a year before that happens.
In any case, it is too early to talk about Ethereum sales today. The whole process is still in its infancy and Ethereum has not yet collected the required number of validators to launch the update. There are some forecasts that if the required amount of Ethereum is not collected by the appointed time, then Vitalik Buterin himself or his team can add this amount.

That is correct. The collected amount for the development to really start has yet to reach the minimum but it is nothing to worry about because it has just yet started. However, we can almost be a hundred percent certain that the plan will be implemented. After all we are not talking here of a shitcoin or any low level altcoin. This is Ethereum we are talking about.
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November 22, 2020, 01:17:03 PM
 #25

Yes and this is the result of Trend Defi getting too hot. Uniswap is the Dex with the most money in this period, they are willing to airdrop more than tens of millions of dollars for wallets with transactions on Uniswap before September 1 Smiley
This has shown how much money they are making this Defi season. Speculators, in particular, make a lot of money in Uniswap.
Personally, this year 2020 is truly a boom year for the Crypto market with lots of new money being poured into the market. This bull run will last until next year and we don't need to be afraid of whale manipulation.

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November 22, 2020, 03:57:31 PM
 #26

Anyone knows what was the number on Q3 as well? We are in Q4 right now (honestly ending q4 in 40 days as well) so it would be better to know the Q3 numbers as well. Because, if we are doing better on Q3 that means a lot of things, and I know that September (which was last of q3) was a huge month for defi, it peaked at around 26 billion if I am not wrong and that is almost 3 times the amount.

If we are growing and growing constantly, that means the future of crypto lies within defi world, however if it gets lower and lower that means it was a hype and it is dying down to lower levels and hype will be over one day. We need to see monthly basis as well to realize if it is just some projects that makes it go up and without those projects it is not as big as people imagine as well.
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November 22, 2020, 06:41:44 PM
 #27

Obviously it is not going to be a piece of cake to go beyond 500 or 1000 those are huge numbers and there are tons of people who made over 2x profits in this just one past year and there are tons of miners who mined ethereum during this period and all of those people are trying to sell their coins for a huge profit and buy even more rigs (maybe not for eth anymore since it is moving to staking) and pay their bills.

So, it will take some time and it will take a lot of money to keep etheruem going higher and higher, however considering how many people are using eth nowadays for a ton of stuff, it is going to happen. We do not need people to buy eth to increase the price, we already have people who buy eth because they use it, that is a good enough reason for the price to go up.
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November 22, 2020, 09:49:23 PM
 #28

Looks like Eth is on a run and I believe that's just because all these DeFi networks that are pushing the price of Eth higher. I don't think there's any big reason for Eth to spike up except 2.0 which is under testing phase probably and will soon be released. There's too much money being put into DeFi smart contracts and I'm afraid that if anything bad happens (like what we saw with bzrx more than 3 times), Eth will also suffer.

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November 22, 2020, 10:16:49 PM
 #29

Do you think ETH price will reach 500 $ by the end of this year?
Ethereum's today price: $475
$25 left for it to reach $500 and we still have more than a month to end this year. Very much possible to see Ethereum reach back to $500 and then let's all hope that it will break near to its all-time high just like bitcoin.  Cool

ethereums ath is 1400 dolar. approximately 3x of today value. i dont think ethereujm can reach 1000 dollar until 2022.
We'll see it. Nobody really knows how this ETH 2.0 will affect the price of it. The locking of hundreds of thousands of Ethereum will make the demand higher.
And this makes everyone want to participate in the launching of it. Just a 2x is already a good amount for ETH if it reaches $1k.



 

 

 

 

 

 


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