[2019-02-28]Ethereum, Ripple, Bitcoin Outlook, Analysis of Top 16 Cryptos

BitHodler

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Quote from: o_e_l_e_o on March 01, 2019, 12:38:25 PM

The Constantinople/St. Petersburg hardforks are upgrades only, and don't result in any new or forked coins. There isn't really any reason for Eth to pump, other than complete speculation and probably quite a few people not understanding that there are no new coins to be had.

I think the most important reason for Ethereum's pump was the reduction in block rewards from 3ETH to 2ETH. If you add that people buy what's going up, then it's quite easy to figure out that the price pumps further than it should.

Ethereum is quite complicated and requires consensus on various levels of the protocol, and when even one aspect of a certain large miner doesn't align, a split happens, and it was quite possible in this case.

Bitcoin is super simple--it does one thing, but does it extremely well, while Ethereum is trying to do multiple things well at the same time, but heavily struggles with that. It's not for nothing that they delay upgrades continuously.

leonair

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An exciting close fight between Ethereum and Ripple, good luck to this two altcoin as I feel that within next year one of them would reach at least half of the market capitalization of Bitcoin as they remain the top 2 competitor for quite some time now.

Speculation here and there but the bottom line is altcoins do still rely on what would be the Bitcoin's future Price graph, Tether and Binance Coin are the only altcoins that's not with the sync among the top 10 Shocked

o_e_l_e_o

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Quote from: Slow death on February 28, 2019, 04:53:01 PM

The price of ETH increased a lot because of the latest updates

I don't really understand why though. Usually coins pump before a hard fork because people are chasing the free forked coins, which they can then dump as soon as it is safe to do so for some extra profits. The Constantinople/St. Petersburg hardforks are upgrades only, and don't result in any new or forked coins. There isn't really any reason for Eth to pump, other than complete speculation and probably quite a few people not understanding that there are no new coins to be had.

No doubt the price will slowly drift down again over the next few weeks.

webtricks

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Quote from: hugeblack on March 01, 2019, 09:27:04 AM

In short, all altcoin follow BTC's chart unless there is an external effect that leads to a temporary change.

True!
Crypto trading in top coins may not be as lucrative as one think it is. In all major pumps and dumps, almost all cryptocurrencies move in similar direction. So keeping money in ethereum or xrp instead of btc may not bring high anticipated returns.
In order to earn bigger returns, one has to be more speculative and risk-taker i.e. investment in comparatively small cap coins.

hugeblack

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In short, all altcoin follow BTC's chart unless there is an external effect that leads to a temporary change.

Quote from: Slow death on February 28, 2019, 04:53:01 PM

This is another altcoin had a great pump months ago and got to stay in second place at coinmarketcap, but as expected from the pump, today this altcoin fell a lot of prices.

I think the external influence, in this case, is Coinbase "XRP pairs."
Also, Circulating supply and low prices "0.000xx $" make us wonder about the feasibility of including some shitcoins.
Opportunity is always available outside the top 10 Altcoins.

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Slow death

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Quote from: Vladdirescu87 on February 28, 2019, 03:22:35 PM

The price of Ethereum soared with high momentum by 15.13% over the weekend recovering from its Friday lows of $146 to Sunday highs of $168.58. At press time, Ethereum is trading at $138.52 (-0.99% 24h)

The price of ETH increased a lot because of the latest updates, the people of the crypto world as always did a big pump in the ETH, but in the next few days I would not be surprised if the price of ETH began to fall a lot

Quote from: Vladdirescu87 on February 28, 2019, 03:22:35 PM

and Ripple at $0.314041 (-1.94% 24h).

This is another altcoin had a great pump months ago and got to stay in second place at coinmarketcap, but as expected from pump, today this altcoin fell a lot of price

Vladdirescu87

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The price of Ethereum soared with high momentum by 15.13% over the weekend recovering from its Friday lows of $146 to Sunday highs of $168.58. At press time, Ethereum is trading at $138.52 (-0.99% 24h), Bitcoin (BTC) trades at $3878.28 (0.17% 24h) and Ripple at $0.314041 (-1.94% 24h).

Some experts believe that the Ripple plunge is due to the dominant entry of JPMorgan’s crypto “JPM Coin,” while others think its XRP/USD unstoppable collection. Ripple has been trading out of sync with Bitcoin and the other market as well. As a matter of fact, the daily chart for XRP/USD indicates the Ripple is heading for a significant breakout if at all the golden cross observed on the chart comes to completion.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/top-cryptos-analysis/

Topic: [2019-02-28]Ethereum, Ripple, Bitcoin Outlook, Analysis of Top 16 Cryptos (Read 190 times)