ETH Holders Need To Be Holding According To Buterin – The Founder Continues to Trust the Network and Industry

Maheen Hernandez By Maheen Hernandez March 25, 2019 Off
vitalik buterin

The price of Ethereum is stable above $135; however, there are unfavorable candlestick patterns seen in the market. TRON is not a worthy competitor to Ethereum according to Vitalik.

ETH has a hard time keeping the price of ETH/USD above $140.  In just the past 24 hours, the Ethereum Whales have transferred more than $4 million worth of ETH tokens over the past 24 hours. The transfers were from Gemini, OKEx, Bitfinex to unknown wallets for 7,499, 10,000, and 12,000 ETH respectively.

A bearish breakout is seen with the triangle formation in the ETH/USD daily chart.  The RSI has been trending above the neutral zone with the RSI trending in the neutral territory.

Ethereum Browser and the Wallet Mist has been discontinued.  This was the tool of choice widely used to browse and use the dApps. 

Alexandre Van de Sande, UI designer, stated, “We faced some extreme security challenges that forced us to reevaluate our whole roadmap and question if keeping the project alive would be a good use of the Ethereum Foundation resources.”  He further added, “In late last year we received notice of a few very serious bugs: ones that would allow an attacker to take control of your computer (and your crypto keys) by simply visiting an untrusted website because of Electron. This is very bad.”

In order to maintain a high level in the Ethereum Ecosystem, the ETH should sustain its standard furthering the development of the ecosystem. High price of Ethereum is crucial for both the development of the wider ecosystem and the network security.

The extreme side of the price really does not matter according to the earlier rhetoric.  This counter signals in part to differentiate oneself from the rest of the crypto projects that are in to too much of pumping. However, another important thing is about minimizing the legal risk as well. Thus trying to make the project more distant from something that will be covered with financial regulation.

In the current day scenario, the regulators are well-versed with the happenings in the cryptocurrency space and the rest of the blockchain projects.  Therefore, even if you do not completely charge the price, the regulators will fully see it. Regulators in the current day world are more open to digital assets and blockchain technology.  They are just concerned about preventing illegal use and misconduct.

ETH holders need to be holding according to Buterin.  The ETH founder continues to trust the cryptocurrency industry and the network.  He states that he would have abandoned the ship had he lost trust in the market.