Quote from: cryptonx on November 20, 2020, 07:50:59 PM

Quote from: restuibu on November 19, 2020, 11:25:12 PM

We all know that the price of Ethereum will grow when bitcoin is growing, everyone knows what happened in 2017. When bitcoin hit the price of $17k - $18k then the ethereum price was already over $1k - $1.2k, but now when bitcoin price is $17k but the ethereum price is very difficult to break the $500 price, shouldn't ethereum current price should is $1k

Actually what happened to ethereum?

ethereum price already surpass $500 mate, and the reason why this year is not like 2017 is because a lot of good altcoins born then marketcap of altcoins now divided to all good altcoins, not like 2017 only few good altcoins in the market,
and maybe thats the main causes why ethereum price didn't like in 2017

Perhaps investors sees Bitcoin as a safe haven and most of them prefers it among the other cryptocurrencies
now besides majority of thrived ICOs projects in 2017 are mainly ERC 20 linked with ETH thus was responsible for the pump in price of ETH in 2017 invariably many altcoin are mainly exchanged to ETH, however DeFis is the rave of the movement didn't enjoy the massive investors patronage like the era of ICOs in 2017 probably due to the fact that scammers are on the prowl searching for investors to scam.