The effect of Bitcoin on the Ethereum price is not there,
we are seeing the price of Ethereum going up because Ethereum has a road map to wait for,
yup Ethereum 2.0, we are all waiting for that and finally they released it this December,
of course the Ethereum price has increased.
Topic: INFLUENCE OF BITCON ON ETHEREUM's PRICE - page 2. (Read 339 times)
You surely got the point here. Although, DeFi is turning out to be failure but we can't deny it has increased the utility of Ethereum manifold. At present, ethereum is probably the most utilised cryptocurrency outside trading markets. ETH 2.0 is on line from Dec, 01 with Beacon chain. Considering all these factors, current ETH price is certainly undervalued.
With bitcoin crossing $20K, remaining bearish sentiments of the crypto community with end too and we can see altcoins rallying as well. $1K-1.5K is surely achievable for ethereum.
Please make your next post in small letters.
With bitcoin crossing $20K, remaining bearish sentiments of the crypto community with end too and we can see altcoins rallying as well. $1K-1.5K is surely achievable for ethereum.
Please make your next post in small letters.
AS IF THE BITCOIN HITS $20000 TILL DECEMBER 2020 WHICH IS VERY OBVIOUS THAT IT WILL HIT THAT PRICE, THEN THE RATE OF ETHEREUM WILL BREAK ITS PREVIOUS HIGH OF $1440 BACK IN 2017 BULLISH MARKET.
THE FACT BEHIND THIS METHODOLOGY IS THAT THE PRICE OF ETH SHOULD BE 1/17TH OF THE BITCOIN AT CURRENT CIRCULATION RATE SO AT THE CURRENT PRICE OF BITCOIN ($18400), ETH's PRICE SHOULD BE AROUND $1082
BUT IT IS TRADED AT $615 WHICH IS MORE OBVIOUS THAT THE BULL WILL HIT THE ETH's PRICE AND TILL THE END OF DECEMBER 2020, ETH WILL GET 1-2 PARABOLIC GROWTH IN THE PRICE AND WILL SURELY BREAK ITS PREVIOUS HIGH OF BACK IN 2017
WRITE VIEWS REGARDING THE OTHER INFLUENCES OF BOTH CRYPTOCURRENCIES ON EACH OTHER.
THE FACT BEHIND THIS METHODOLOGY IS THAT THE PRICE OF ETH SHOULD BE 1/17TH OF THE BITCOIN AT CURRENT CIRCULATION RATE SO AT THE CURRENT PRICE OF BITCOIN ($18400), ETH's PRICE SHOULD BE AROUND $1082
BUT IT IS TRADED AT $615 WHICH IS MORE OBVIOUS THAT THE BULL WILL HIT THE ETH's PRICE AND TILL THE END OF DECEMBER 2020, ETH WILL GET 1-2 PARABOLIC GROWTH IN THE PRICE AND WILL SURELY BREAK ITS PREVIOUS HIGH OF BACK IN 2017WRITE VIEWS REGARDING THE OTHER INFLUENCES OF BOTH CRYPTOCURRENCIES ON EACH OTHER.
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