It will continue to rise. The fewer exchanges something is listed on the easier it is to manipulate. If it's primarily traded on one particular American exchange it's even easier to drive up the price.
Look at the following link. When the ETH price was being driven up, 97 percent of it was being traded on Poloniex. It eventually was included on so many exchanges that it was harder to manipulate the price upwards. In fact when it started being traded on Gemini and Coinbase it was so widely traded that it has been on a downward trend ever since (and will continue to do so).
http://coinmarketcap.com/currencies/ethereum/#markets
Look at the following link. Currently over 97 percent of XMR is being traded on Poloniex. Its traded on fewer exchanges, much easier to manipulate the price and suck BTC and US dollars out of the hands of the uninitiated.
http://coinmarketcap.com/currencies/monero/#markets
Topic: Monero over eth? WTF - page 2. (Read 1318 times)
Monero is obviously worth more.
I mean, there are what, at least ten darknet vendors who accept it?
Clearly that is how we should measure a coins worth, not market cap.
I mean, there are what, at least ten darknet vendors who accept it?
Clearly that is how we should measure a coins worth, not market cap.
I would say that in the long run ethereum price would crash as the foundation would sell it to meet their expenses. I don't think it would go above 15 to 20 $ unless we see some big Dapp getting released and gaining attention of the people.
It's really depressing that people still don't get that price comparisons between coins are meaningless without considering market cap.
actually it is depressing to see people still think market cap is a worthy comparison for altcoins! let me break it down for you. ETH has 86.5 million coins and only a small amount of it is available to public and the rest is controlled by the owners who manipulate it. and because of this huge available coins the market cap is "artificially grown"
the same thing goes for any other altcoin which has ridiculous amount of coins available to "artificially increase" their market cap.
the things to look at is neither market cap nor price. and if you want to compare you have to consider many factors at the same time a combination of price, volume, premine, daily volume and how it has changed, code, ...
We have a winner.
It's really depressing that people still don't get that price comparisons between coins are meaningless without considering market cap.
actually it is depressing to see people still think market cap is a worthy comparison for altcoins! let me break it down for you. ETH has 86.5 million coins and only a small amount of it is available to public and the rest is controlled by the owners who manipulate it. and because of this huge available coins the market cap is "artificially grown"
the same thing goes for any other altcoin which has ridiculous amount of coins available to "artificially increase" their market cap.
the things to look at is neither market cap nor price. and if you want to compare you have to consider many factors at the same time a combination of price, volume, premine, daily volume and how it has changed, code, ...
It's really depressing that people still don't get that price comparisons between coins are meaningless without considering market cap.
Yeah true but anyway eth most worth more! Eth is still boeing 😜
It's really depressing that people still don't get that price comparisons between coins are meaningless without considering market cap.
wtf guys...monero worth more then ETH,WTF..where we go....
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