I was happy today as a cryptocurrency analyst seeing Ethereum become second largest crytocurrency in volume and price. Today Ethereum hit $300 and that is a sign that before the end of October we may be seeing eth trade over $500. Congrats to all investors.
Currently, the price of an Ethereum is about $ 300, I expect it will increase in the future as its current price is too low compared to such a developing virtual currency. However, I still do not believe it will reach $ 500 in October
Wrong! the price of ETH is closer to $200 the post to which you replied was made last month when that was the real price,it means that during that time almost reached a fall of 1/3 of its value which is too much,now I think the price can stay at those levels for a longer time which I believe would be an advantage especially for investors of ETH,because in case the price continues to fall more could be worrisome for them.
I think if the ETH price can be stable around $200 to 240 range, it is good for the long term health.
the first comment of this page, explained things pretty nicely.
the problem with ETH is the fact that its price is tightly tied with all the ICOs at the moment. it went up with their hype and then the bubble burst. now it is more like a time bomb waiting to explode as the ICOs start cashing out. and by that time "health" will no longer exist.
and the worst part of all this is the fact that bitcoin price may go down by the end of this month depending on what happens. and we all know when that happens ETH and majority of altcoins drop hard. so you can expect another 50% drop for this coin by then.
This is true,it goes all with the hype now specially on those eth-based ICO do popped up every now and then which do really add up on the price of ETH and as you said once the hype is over and starting to cashing out then expect price would really go down.Im not too negative on this coin but this is the things that i can able to view on whats happening on ETH environment.