Goldman Sachs, an American multinational investment bank and financial services company are planning to permit options and futures trading in Ether (ETH, which is the cryptocurrency linked to the Ethereum blockchain.
For clarity, Ether is the second-largest cryptocurrency after Bitcoin. The bank are set to unveil its futures and options trading in Ether in the coming months, according to Bloomberg.
Meanwhile, Ethereum (ETH) Breaks Below $2,000 Handle and many of them who are holding lot of ETH are like “Pray for me, I have lot of ETH.”
Before the price went down community discussions were like: Ethereum Unique Addresses continue to rise!
Another user was like: This is not the only reason I just decided to buy more Ethereum, but it is certainly an indicator that network effects – Metcalf’s law is still part of the ETH bull case. Besides, Ether is on sale today. Compared to a month ago it is “buy one get one free”. Ha!
Metcalfe’s Law says, “A network’s value is proportional to the square of the number of nodes in the network. The end nodes can be computers, servers and simply users. … As it becomes less and less expensive to connect users on platforms, those able to attract them in mass become extremely valuable over time.”
Those who were hyper-critical of Ethereum were: Theoretically. It will hit 10k, even a higher price, it has many points of failure that are likely to be compromised though. One of them is Vitalik.
ETH is giving up on Cardano and now wants to steel Bitcoin’s intrinsic position. ETH is the new Coca-Cola. What about ETH 2.0? How are they affording 6-7% APY to stake ETH? Inflation after the deflation?
It’s not sound money if the monetary policy can be changed. Scarcity isn’t the only property of sound money.
Previously Supporters were like: You do realize ethereum is now PoS so everything you just said can be changed at any time. You convinced me. Dollar cost averaging ETH now. I don’t like the ultrasound money analogy. Instead ETH is like a company doing buybacks. ETH is more equity than money.
Regardless, of where the prices trend it can be too early to judge the end of ETH before the coming of PoS. The price drama will continue and ETH will either be up or down. The developers are continuing to work: After all testnet hard forks, and no significant bugs found, EIP-1559’s mainnet block number to be decided…!
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