Post
Topic
Board Altcoin Discussion
Re: Can Ethereum survive below 0.02 BTC per coin?
by
masterrex
on 21/11/2019, 14:04:28 UTC
As we all know, the exchange rate of Ethereum has fallen during the past few months (vs BTC). From around 0.035 BTC per coin six months back, the prices have fallen to 0.0205 BTC as of now. The market share of Ethereum in the cryptocurrency market has fallen from 11.5% to 8.3% during the same period. Other alts have also fallen, but not by this much.

And this has happened despite the boost it received from the IEOs. Can ETH manage a comeback anytime soon? Will the investors stop selling their ETH holdings for BTC, and hold on to the coin?
IMHO! Ethereum is already an established coin, and it has a in-demand use case and products (smart contracts) so why doubting in Ethereum's capability the price is just temporary as we all know, Trading dictates the daily price of a particular coin or token it may rise and fall, pump or dump so what's the difference after all, that's why stop doubting in Ethereum's future im sure it will survive as long as the cryptocurrency still exist.