Home Altcoins News Ethereum Price Plunges Unlike Last Time ETH is Now Delivering Bullish Things For Crypto

Ethereum Price Plunges Unlike Last Time ETH is Now Delivering Bullish Things For Crypto

Ethereum Price Plunges

The price of Ethereum is plunging.  So, what is happening in the cryptocurrency market is a test of the support level. Some of them attribute the plunge level to the tweets by Elon Musk and a few others; however, that might not actually be the case.  Short-term traders are taking profits.

To understand what moves the market price, investors should get educated first. Dollar cost averaging is one of the best methods of investing in cryptocurrencies of any kind.  SIP is another method where you keep investing a consistent sum of money regularly in a security. This kind of investment will need long-term commitment from the investor. The underlying principle of SIPs is dollar cost averaging.

When investing in lump sum becomes difficult in a cryptocurrency market, Dollar cost averaging and SIP is a way to go. For those who are new to investment, SIP refers to Systematic Investment Plan.

While there is worry about those who invested in Ethereum it is important to know that the biggest things are yet to come.  They are the EIP1559 and Turning off PoW.  Both of these are game changers. The EIP-1559 improves user experience and it binds ETH in to the Protocol. Also, it drastically cuts issuance.

Evan Van Ness stated the following:  Turning off PoW in favor of PoS will be the biggest moment in “crypto” since Ethereum’s genesis block. No more energy waste, better security, more decentralization, regular block times. And transaction finality, which you can never have in PoW.

Turning off PoW will drastically cut ETH issuance. In fact, it is likely that ETH net issuance will be lower. No more constant sell pressure from miners to pay utility bills Meanwhile ETH is the only proof of stake chain which isn’t run in datacenters. It’s decentralized.

Unlike last bull market, this time Ethereum is delivering. That’s the most bullish thing for crypto.

The bull market collapsed in q1 2018 because Ethereum wasn’t delivering. There were no trustless off chain (“layer2”) solutions Ethereum didn’t deliver scalability. Privacy was bad. Few apps were live.

Also, The Ethereum Foundation was a bit of a joke last bull cycle. Completely opaque, tiny research team, insanely cheap. These days, while of course everyone wants to get paid more, priorities are better, stuff gets funded, and the research team is real. And transparency is better.

Ethereum *now* vs. q1 2018 is night & day. Layer2 solutions are here that deliver Visa-level throughput, though not yet fully used Privacy is better, though still expensive Apps are live, with an entire ecosystem that’s so vibrant that other chains just copy/paste ETH apps.

ETH leads bull markets. BTC leads bear markets. Nothing else in crypto is big enough to matter. By any date that you pick for “bear market is over,” ETH has outperformed BTC by a substantial amount.

Imagine if ETH becomes the native currency of the internet. The 402 http status code we were promised An Ethereum that serves as the settlement layer for payments. An Ethereum that runs the majority of the world’s web apps

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dan saada

Dan hold a master of finance from the ISEG (France) , Dan is also a Fan of cryptocurrencies and mining. Send a tip to: 0x4C6D67705aF449f0C0102D4C7C693ad4A64926e9

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