Post
Topic
Board Altcoin Discussion
Re: Can Ethereum survive below 0.02 BTC per coin?
by
nikki4
on 24/11/2019, 22:52:06 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?
This pair ( BTC/ETH) wasn't good in the time 2013. But Ethereum covered the price to 0.114 in 2018. There is no doubt for Bitcoin limit supply, this could be more down. But when bullrun start again, Ethereum will cover lose. After Ethereum 2.0, this pair will rise from 0.0205 BTC per ETH.