Post
Topic
Board Speculation (Altcoins)
Re: Ethereum back in number 2
by
olumyd
on 30/04/2019, 08:14:23 UTC
Cryptocurrencies by Market Capitalization

Watchlist
#   Name                               Market Cap                        Price               
1   Bitcoin Bitcoin                 $64,043,936,392              $3,653.57        
2   Ethereum Ethereum        $12,648,375,055              $120.84   
3   XRP XRP                          $12,495,364,776             $0.304404
   

Being excited over positioning can be a total waste of time. The most important thing is value outside valuation from market capitalization. It's already been established that market cap is essentially inefficient alone in determining the value of any cryptocurrency. If anything, we should be looking at the strong fundamentals that surround any coin.

As for ethereum, I still believe it's grossly undervalued, despite the recent Constantinople upgrade - which imo - I thought would propel it to a new all-time high. Sadly, we are having more competitors, and Binance seem to be encouraging devs to migrate to Binance mainnet with its tempting BEP protocol.