Altcoins News
By Dan Saada
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The price of Ethereum is plunging. So, what is happening in the cryptocurrency market is a test of the support level.
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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.
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When investing in lump sum becomes difficult in a cryptocurrency market, Dollar cost averaging and SIP is a way to go.
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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.
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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.
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Turning off PoW will drastically cut ETH issuance. In fact, it is likely that ETH net issuance will be lower.
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Unlike last bull market, this time Ethereum is delivering. That's the most bullish thing for crypto.
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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.
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Also, The Ethereum Foundation was a bit of a joke last bull cycle. Completely opaque, tiny research team, insanely cheap.
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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…
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ETH leads bull markets. BTC leads bear markets. Nothing else in crypto is big enough to matter.
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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.
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