Post
Topic
Board Speculation
Re: INFLUENCE OF BITCON ON ETHEREUM's PRICE
by
Cherylstar86
on 24/11/2020, 21:20:29 UTC
THE PRICE OF ETH SHOULD BE 1/17TH OF THE BITCOIN

if we are talking about what the prices should be then price of shitcoins should be 0 and they shouldn't exist at all. but shoulds don't make this market the pump and dumps make it and shitcoins with unlimited supplies such as ETH can only get so many pumps before they stop rising altogether.  and ETH already had too many pumps.

If the bitcoin market is up trend, all coins have the opportunity to pump. Eth is one of the many coins already pumped into the market. Eth has more opportunities to pump more, we saw how eth performed in the market last time. So I still hope eth will do better in the coming days. When shitcoins are pumped in large quantities and then dumped so that traders lose a lot of money. As such, coins like eth are much preferred by traders, as eth has the potential to increase the price of these coins in the market.
Indeed the potential increase of eth had gone so far, but what's  hard to see right now is erc20 transaction fee also burst out. This is what people noticed and discussed behind social media and private crypto groups which really affected them so much. Holders are still intact with their faith on eth, but also I am hoping that minor issues should be addressed for the benefit of entire community.