Reasons why Ethereum keep rising while Bitcoin on a stable mode

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Quote from: godzillarekt007 on November 15, 2021, 03:47:17 AM

Ethereum has shown much strength in Q4 here when it usually gets depressed. For me that is highly bullish sign on Ethereum, and I think it stands to at least attempt a run at the ATH ratio ETH/BTC. Time will tell. I am not sure a flip will happen, but I am excited for ETH here in the next few months.

I think the main reason why ETH S continues to rise is because it is the second most important currency considered after BTC, in addition to observing the market it is still the leading currency in terms of projects in the ERC-20 network, and if we add that there are many who are ETH fans and who have always liked ETH and buy at every drop, for now they are making a lot of profit, and as long as BTC remains stable at a price above + $ 60k it will always be the best deal and when establishing that ETH grows faster than BTC is an advantage that it has that is very evident.

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As I believe that the idea of Ether is worth a specific design of the model that is in the heads of developers, as for the Bitcoin , I do not understand what kind of task except the recognition and replacement of real money sets the community. It is very difficult to understand, and this can be arguing indefinitely.

onecall123

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There is no way to sell Ethereum since nobody can afford it. Because of the excessive gas fees, the price of Ether only moons. However, people with large amounts aren't selling because of high gas fees? Wales doesn't care about 20/30 dollars. They would technically be buying back into ETH if they sold out of those projects. In the grand scheme of things, this is only a small bump in the road. Have patience. Holding coins on the Ethereum chain won't affect the price of Ethereum, right?

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Quote from: BIN-BIN on September 01, 2021, 03:42:57 AM

Many people will believe that this is altcoins season reasons most altcoins such as ethereum rose to $3’500 and above which represents a 7.90% rise.

As a crypto analyst, I took my time to analyze the market and have realized that the ethereum to Bitcoin pair has generated the increase in the value of ethereum so Bitcoin ultimately is the background for ethereum rise and not the US dollars as ethereum to dollars pair is suffering a relative decline in price just like Bitcoin.

In conclusion, the ethereum bull will only last as long as the Bitcoin ethereum pair stay down, but how long will bitcoin resize before picking up against the dollars?

The Ethereum supply is limited and demand was increased in huge.It's due to the launch of Ethereum 2.0.The base for the ETH 2.0 is Ethereum.Mostly exchanged pair of bitcoin is ethereum and then only usdt. So ethereum had the market, till the bitcoin had his market among the investors.So ethereum price gonna increase from current value to 7k dollars in a short period.Investors just hold your coin till the ATH happened in the ethereum market.

Many people thought, ethereum won't reach the value of 2000 dollars. But same ethereum had crossed the value of 4600 dollars made the people to think about the ethereum.

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Ethereum has shown much strength in Q4 here when it usually gets depressed. For me that is highly bullish sign on Ethereum, and I think it stands to at least attempt a run at the ATH ratio ETH/BTC. Time will tell. I am not sure a flip will happen, but I am excited for ETH here in the next few months.

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Quote from: BIN-BIN on September 01, 2021, 03:42:57 AM

Many people will believe that this is altcoins season reasons most altcoins such as ethereum rose to $3’500 and above which represents a 7.90% rise.

As a crypto analyst, I took my time to analyze the market and have realized that the ethereum to Bitcoin pair has generated the increase in the value of ethereum so Bitcoin ultimately is the background for ethereum rise and not the US dollars as ethereum to dollars pair is suffering a relative decline in price just like Bitcoin.

In conclusion, the ethereum bull will only last as long as the Bitcoin ethereum pair stay down, but how long will bitcoin resize before picking up against the dollars?

Crypto goes in cycles as whales take profit:
large cap- BTC
large alts- ETH
medium alts- NEAR
microcaps- Yape, REF, 0xMR
Then back into BTC and repeat

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The ethereum London hard fork happens at the right time where the entire market is on a bull run ethereum made a $4000 price before correcting back to above 3500 at present before the end of September. We may see ethereum making it to 4000.

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After changing to the deflationary mode Ethereum keeps rising even I would say ethereum is performing much better than Bitcoin at the moment. We all know ethereum is burning the coins daily so the price is also moving. Soon we will see Eth to dollars pair will also rise. I believe eth bull is unstoppable now because the concept of eth has been changed even I feel when Btc will rise eth will parallelly rise with BTC.

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A typical investor will look for ways to make money. Keeping money in fiat or stable coin will not earn you profit. Most exchanges have initial transaction form fiat to Bitcoin. By, holding Bitcoin, you can make money when the value increases. But with the increase financial platforms like DeFi, DApps, and others that have smart contract with Ethereum, the value of Ethereum continues to grow. Investing in Ethereum will likely yield faster returns when compared to Bitcoin. This is probably one of the reasons Ethereum keeps rising while Bitcoin is in a stable mode.

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A lot of Ethereum has been burned. Just look at this news, Ethereum burned reached $1B.

https://finance.yahoo.com/news/1b-ethereum-now-burned-since-161340993.html

All good for the entire economy of Ethereum and that's why it's bound to rise.

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Quote from: tvplus006 on September 15, 2021, 04:28:47 PM

Quote from: fadil46 on September 11, 2021, 04:45:31 AM

Only HEX tokens are in a good trend, while other Altcoin markets like Ethereum are not in a good trend even though the price still looks very decent, but if Bitcoin crashes again like a few days ago, then Ethereum will follow suit.

It is too early to talk about the prospects of HEX and compare it with Ethereum, while it has such a small daily trading volume. In addition, this coin is traded on DEX and several shitty centralized exchanges, which in turn also indicates the" prospects " of this coin.

Hex can’t be compared with ethereum because of its volume and listening, even though an advocate of Hex coin that does not becloud my thoughts and ability to see some shortcomings of Hex and it going to take lots of work and development before Hex can fit into the class of ethereum.

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Quote from: Ozero on September 04, 2021, 02:42:56 AM

It seems to me that the reason for the current price growth of ethereum compared to the growth of bitcoin is primarily the successful update of the ethereum network and the expectation that this coin will soon continue to grow both in popularity and in price terms. Ethereum is expected to rise in price to ten thousand dollars or more soon. Bitcoin already has a high price and it will be difficult for it to increase several times in price, as ethereum is supposed to do. Therefore, the possible and expected profit from ethereum can be higher than that of bitcoin.

The ethereum network always has some new hype that is supposedly going to change the world and then nothing happens, they had icos, DeFi and now they have NFTs and a great deal of the community is falling into it so it makes sense there are periods of time in which ethereum performs better than bitcoin.

But this is short lived, eventually the hype on NFTs will decrease as people are realizing the scams they are suffering and when that happens their superior performance that people are expecting out of ethereum will diminish and bitcoin will once again be in complete control of the market.

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Quote from: fadil46 on September 11, 2021, 04:45:31 AM

Only HEX tokens are in a good trend, while other Altcoin markets like Ethereum are not in a good trend even though the price still looks very decent, but if Bitcoin crashes again like a few days ago, then Ethereum will follow suit.

It is too early to talk about the prospects of HEX and compare it with Ethereum, while it has such a small daily trading volume. In addition, this coin is traded on DEX and several shitty centralized exchanges, which in turn also indicates the" prospects " of this coin.

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Quote from: samcrypto on September 15, 2021, 03:52:16 PM

Quote from: Chathusand on September 13, 2021, 09:10:08 AM

Everything now appears to be moving in the same direction as bitcoin. Most altcoins, not just ethereum, are the same. All cryptocurrencies will quickly catch up to bitcoin if it attempts to enter a bull market. Until bitcoin reaches a new high. When bitcoin begins to stabilize, altcoins will follow.

Bitcoin have to start the trend before we finally reach a new bull market, and since the price of BTC stabilize for now we might not see the altcoins pumping that much again.

With regards to ETH, recently they just burned a huge amount of Money because of the fork and maybe this is one of the reason why its price goes high in the past days, having a limited supply is always a good update. If ETH address the problem on fees, we’ll see a more bullish price.

That is the problem that Bitcoin is in standby mode from quite some time now,sure it gave a signal when it reached like 52.000 dollars again after being really low in the mid 35.000 dollars for a coin but nothing is happening.I think we will see the start of the bull trend in end of 2021,usually the previous all time highs except this of April 2021 have been spotted one in November 2013 and then in December 2017.Maybe a coincidence but we are now in 2021 and I hope history to repeat itself once in 4 years as it has done with Bitcoin so far.Altcoins will then follow as they have always done including Ethereum which can reach like 8000-10.000 dollars for a coin.

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If you look at the current amount of burnt coins https://ultrasound.money/
and counting the 345,000 coins that miners are now receiving, it will become clear that after the Merge, the number of coins will sharply decrease and the price of Ethereum may rise sharply.
It seems to me that the developers themselves did not expect that such a number of coins would be burned.

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Quote from: Chathusand on September 13, 2021, 09:10:08 AM

Everything now appears to be moving in the same direction as bitcoin. Most altcoins, not just ethereum, are the same. All cryptocurrencies will quickly catch up to bitcoin if it attempts to enter a bull market. Until bitcoin reaches a new high. When bitcoin begins to stabilize, altcoins will follow.

Bitcoin have to start the trend before we finally reach a new bull market, and since the price of BTC stabilize for now we might not see the altcoins pumping that much again.

With regards to ETH, recently they just burned a huge amount of Money because of the fork and maybe this is one of the reason why its price goes high in the past days, having a limited supply is always a good update. If ETH address the problem on fees, we’ll see a more bullish price.

BIN-BIN

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Well, the ethereum market is closely following Bitcoin in its recovery journey. Ethereum has passed $3500 and is heading to recover back to 4k before it moves beyond that price. The cryptocurrency market is seeing some green signal in its chart which will eventually recover and make an all-time high in a short period from now.

Chathusand

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Everything now appears to be moving in the same direction as bitcoin. Most altcoins, not just ethereum, are the same. All cryptocurrencies will quickly catch up to bitcoin if it attempts to enter a bull market. Until bitcoin reaches a new high. When bitcoin begins to stabilize, altcoins will follow.

LordMiguel

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i may be wrong but do the high gas fees in ethereum i am certain that ethereum will never see the 5000usd price mark. the more the price move up, the more gas fees for dex increases. also the more people move into other smart contracts with lower fees, binance, polygon, solana( i so much love this project now) and fantom. until, ethereum solve the problem of gas fees, we will never see ethereum move pass 5000 without going down. it is simple as ABC.

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I feel like everything is now following bitcoin's direction. Not only ethereum, but most altcoins are the same. When bitcoin tries to enter a bull market, all altcoins will catch up with it soon. Until bitcoin goes high. Altcoins will follow when bitcoin starts to stabilize.

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Those growths are normal and expected to happen especially if we take Ethereum as an example of one of the top-performing altcoins.

Just look at over a week since this thread is created. No altcoins season happened but a usual growth on some coins. There's no reason for their recent price increase, just a usual hype, and consistency in the market.

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Quote from: fadil46 on September 11, 2021, 04:45:31 AM

Quote from: MrcMrc on September 10, 2021, 02:28:20 PM

Many altcoins are also doing great lately even when the market is down their keep rising such as Hex token which is still on a bull run for the past two months this shows that the altcoin market, ethereum is at a more stable price trend this week.

Only HEX tokens are in a good trend, while other Altcoin markets like Ethereum are not in a good trend even though the price still looks very decent, but if Bitcoin crashes again like a few days ago, then Ethereum will follow suit.

Both HEX and DEX coins are still following Bitcoin's trend. Whatever happens to Bitcoin, it is obviously has a huge impact on the entire market.
I have to disagree with what OP had said as it was not the market it looks like. He probably misses the trend where Bitcoin does the rally first while ETH is still on the wait.
Well, Bitcoin is recently declining, Let see how ETH behaves in the coming days. Maybe I was wrong but for sure ETH price will just fall as well.

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Quote from: MrcMrc on September 10, 2021, 02:28:20 PM

Many altcoins are also doing great lately even when the market is down their keep rising such as Hex token which is still on a bull run for the past two months this shows that the altcoin market, ethereum is at a more stable price trend this week.

Only HEX tokens are in a good trend, while other Altcoin markets like Ethereum are not in a good trend even though the price still looks very decent, but if Bitcoin crashes again like a few days ago, then Ethereum will follow suit.

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Quote from: herizal85 on September 10, 2021, 11:36:55 PM

And lately bitcoin and ethereum have experienced a sharp decline and are followed by other altcoins. And this really has a big impact on some people who have bitcoin and ethereum assets so whether they will be frustrated, I don't think so. And hopefully in the future the price of bitcoin and other altcoins can be stable again

I do not think they are frustrated to see bitcoin and ethereum prices dropping, but some can feel frustrating because they are not confident of holding bitcoin or ethereum even in this bloody market.
Bitcoin and ethereum prices will increase again soon and the price will rise more than the last higher price so they do not have to worry at all.
Instead, prepare their bitcoin or ethereum when the price starts to increase.
Some people use this moment to accumulate more bitcoin and ethereum because they see the price is at a low price and if they do not use this moment, they will lose the chance to make a big profit later.

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Quote from: Tony116 on September 11, 2021, 01:38:32 AM

Quote from: yurez on September 05, 2021, 06:07:06 AM

Quote from: Sithara007 on September 04, 2021, 11:40:25 PM

I have a feeling that this crazy altcoin boom is not viable in the long run. Bitcoin dominance has now declined to 41%, down from the level of 47% we had a few weeks ago. That means that even if we take out the stablecoins (~7% of the total market cap), the altcoins now comprise the majority of cryptocurrency market cap. And that doesn't make sense, because for these coins the acceptability is just a fraction of that of Bitcoin. Either the alts are heavily inflated, or Bitcoin is underpriced.

Most likely Bitcoin's dominance in the cryptocurrency market will decline as the influence and development of altcoins will continue to grow. I think that soon we will get used to the fact that the dominance of bitcoin will be below 50% and will fluctuate between 35-50% and this will become the norm in the future.

I feel the same way. The market these days witnessed a drop in Bitcoin leading to a drop in the price of most altcoins. But there are still some altcoins that are turning around and increase( like SOL and NEAR). With altcoins growing and the market expanding, Bitcoin dominance is decreasing over time. Things gradually no longer depend on the volatility of bitcoin.

Altcoins somehow are legitimized themselves when institutions started believing in them because of the DEFI. As long as ETH and the rest of the altcoins like BNB continue to earn developers to build projects in them, they will also gain popularity and have a higher value. Institutions are buying altcoins like ETH, DOT and SOL thus reducing the BTC dominance, but it doesn't mean BTC will be in the stable mode for a long time. It will start to build up again and sees the price continue up again.

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Quote from: yurez on September 05, 2021, 06:07:06 AM

Quote from: Sithara007 on September 04, 2021, 11:40:25 PM

I have a feeling that this crazy altcoin boom is not viable in the long run. Bitcoin dominance has now declined to 41%, down from the level of 47% we had a few weeks ago. That means that even if we take out the stablecoins (~7% of the total market cap), the altcoins now comprise the majority of cryptocurrency market cap. And that doesn't make sense, because for these coins the acceptability is just a fraction of that of Bitcoin. Either the alts are heavily inflated, or Bitcoin is underpriced.

Most likely Bitcoin's dominance in the cryptocurrency market will decline as the influence and development of altcoins will continue to grow. I think that soon we will get used to the fact that the dominance of bitcoin will be below 50% and will fluctuate between 35-50% and this will become the norm in the future.

I feel the same way. The market these days witnessed a drop in Bitcoin leading to a drop in the price of most altcoins. But there are still some altcoins that are turning around and increase( like SOL and NEAR). With altcoins growing and the market expanding, Bitcoin dominance is decreasing over time. Things gradually no longer depend on the volatility of bitcoin.

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Quote from: yurez on September 05, 2021, 06:07:06 AM

Quote from: Sithara007 on September 04, 2021, 11:40:25 PM

I have a feeling that this crazy altcoin boom is not viable in the long run. Bitcoin dominance has now declined to 41%, down from the level of 47% we had a few weeks ago. That means that even if we take out the stablecoins (~7% of the total market cap), the altcoins now comprise the majority of cryptocurrency market cap. And that doesn't make sense, because for these coins the acceptability is just a fraction of that of Bitcoin. Either the alts are heavily inflated, or Bitcoin is underpriced.

Most likely Bitcoin's dominance in the cryptocurrency market will decline as the influence and development of altcoins will continue to grow. I think that soon we will get used to the fact that the dominance of bitcoin will be below 50% and will fluctuate between 35-50% and this will become the norm in the future.

I don't agree with your statement. Altcoin market share of >50% is not justified by their acceptance levels. For payments, in the vast majority of the cases BTC is being used. Usage of ETH for this purpose has gone down tremendously, due to two factors mainly - sky high transaction fee for Ethereum, and due to the decline in BTC transaction fee (as a result of more and more users moving to Lightning Network). And for the other coins such as LTC, BCH, ETC and XLM, I don't think that there have been any noticeable increase in acceptance in the recent times.

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And lately bitcoin and ethereum have experienced a sharp decline and are followed by other altcoins. And this really has a big impact on some people who have bitcoin and ethereum assets so whether they will be frustrated, I don't think so. And hopefully in the future the price of bitcoin and other altcoins can be stable again

MrcMrc

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Many altcoins are also doing great lately even when the market is down their keep rising such as Hex token which is still on a bull run for the past two months this shows that the altcoin market, ethereum is at a more stable price trend this week.

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ETH will keep growing because it has real world usability unlike Bitcoin. Bitcoin holds value and keeps your money safe from inflation and things like that, ETH can be used for NFTS and other projects which gives it a usability factor. Bitcoin and ETH have very different purposes in the crypto space.

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Quote from: Gayong88 on September 04, 2021, 11:39:09 PM

In my opinion, besides ETH is a good investment, there are many factors that play a role so that the movement of Ethereum continues to increase when Bitcoin is in stable mode, including the utility level of a token, market sentiment, and daily high and low demand and this has its own influence on cryptocurrency prices.

if I'm not mistaken, To be sure how long it will take bitcoin to resize before rising against the dollar usually for market analysis focuses on the price of the coin and following the trend at the time.

Aside from that, I believe most of eth holders are hoping that very soon once the gas fees under eth network goes down, the demand will surge again. And so far, we haven't felt the impact of the london hard fork. When things start to clear up, and actually experience the benefits of this fork, more than likely, eth will attract more buyers or investors which can easily contribute to the increase of price in the market.

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Quote from: Sithara007 on September 04, 2021, 11:40:25 PM

I have a feeling that this crazy altcoin boom is not viable in the long run. Bitcoin dominance has now declined to 41%, down from the level of 47% we had a few weeks ago. That means that even if we take out the stablecoins (~7% of the total market cap), the altcoins now comprise the majority of cryptocurrency market cap. And that doesn't make sense, because for these coins the acceptability is just a fraction of that of Bitcoin. Either the alts are heavily inflated, or Bitcoin is underpriced.

Most likely Bitcoin's dominance in the cryptocurrency market will decline as the influence and development of altcoins will continue to grow. I think that soon we will get used to the fact that the dominance of bitcoin will be below 50% and will fluctuate between 35-50% and this will become the norm in the future.

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It is not a surprising fact for me that altcoins follow Bitcoin’s trends.
The rise of Bitcoins is always a signal of positive movements of altcoins in the future. What is more, when Bitcoin increases by 10%, altcoins can increase by 100%. So the lower market cap is, the bigger growth can be. As Ethereum’s market cap is several times lower than bitcoin’s, it can increase stronger.

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I have a feeling that this crazy altcoin boom is not viable in the long run. Bitcoin dominance has now declined to 41%, down from the level of 47% we had a few weeks ago. That means that even if we take out the stablecoins (~7% of the total market cap), the altcoins now comprise the majority of cryptocurrency market cap. And that doesn't make sense, because for these coins the acceptability is just a fraction of that of Bitcoin. Either the alts are heavily inflated, or Bitcoin is underpriced.

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In my opinion, besides ETH is a good investment, there are many factors that play a role so that the movement of Ethereum continues to increase when Bitcoin is in stable mode, including the utility level of a token, market sentiment, and daily high and low demand and this has its own influence on cryptocurrency prices.

if I'm not mistaken, To be sure how long it will take bitcoin to resize before rising against the dollar usually for market analysis focuses on the price of the coin and following the trend at the time.

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Quote from: ChaoChibai on September 04, 2021, 04:29:54 AM

Quote from: kaseygriffin on September 04, 2021, 02:50:37 AM

So you want it to happen at the same time, we all see how BTC is recovering from the big drop, and now the altcoin rally is next.
I don't think it's a problem to analyze when looking at the current state of the market everything is great, now there won't be a lot of people who believe that the price will drop.

I also think the same way, I think the price of bitcoin is also gradually increasing over time and right now the price is $50,000. I think this is such a good news for us, the increasing price of bitcoin will unlock the potentially increasing price for the alts too and we can see the green chart in the market.

And I'm also feeling people's interest in this field growing, as people start to return to understanding and investing. I think this is an important period to see things change, a lot of good predictions for the market. And perhaps we will soon see ETH creating new ATH, as many other platform coins are continuously creating ATH.

umbara ardian

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Back question for you,
Why does ETH increase, BTC needs to increase or decrease?
The problem is already in the price, and sometimes we complicate ourselves as well as others. In this area one has to ask a lot of nonsense and impose it on many people's point of view, let go of these limitations and instead just feel what it is.

crzy

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As the price goes high, the fees also do the same thing while other network is pumping as well, yet the fees are still reasonable. I know ETH is a good one, i do have this one but the fees is slowly killing the small investors, I thought the fork finally address this issue, but its not working. Anyway, Bitcoin goes up altcoins will follow later on and this has been my thinking since then because it always happen.

WalkerIVIV

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You must dig some news on the crypto new site. The high fees were making people to pay more to did the transaction in ethereum and this is also making ethereum to be deflationary as sometimes the production by miners are less compared with ethereum that were getting burned. This is making people are buying more and more with the hope that if the supply can be less from time to the time.
That's why the price of ethereum increases even higher than bitcoin this time. Bitcoin needs a big news to pump its price while ethereum can do that by implement a very good update as a technical reason.
The fees on ethereum network were so crazy and im stay away from ether chain as i didn't wanna spent a threedigits amounts of money just to pay the fees

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I'm posting this site as I see this is somehow showing good thing regarding if it's altcoin season or not but unfortunately it shows not yet but it shows an altcoin month. Most alts are in surge mode right now and it's just a good sign that we are nearing I guess for another altcoin season, not to let the hopes up but I guess we are heading on that path once again.

Quote from: BIN-BIN on September 01, 2021, 03:42:57 AM

In conclusion, the ethereum bull will only last as long as the Bitcoin ethereum pair stay down, but how long will bitcoin resize before picking up against the dollars?

Only time will tell and no one can really predict that move but with the recent recovery on exchange flows from the current May crash, I think the bulls are back. I'm confident the last quarter will just be better.

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Quote from: BIN-BIN on September 01, 2021, 03:42:57 AM

Many people will believe that this is altcoins season reasons most altcoins such as ethereum rose to $3’500 and above which represents a 7.90% rise.

As a crypto analyst, I took my time to analyze the market and have realized that the ethereum to Bitcoin pair has generated the increase in the value of ethereum so Bitcoin ultimately is the background for ethereum rise and not the US dollars as ethereum to dollars pair is suffering a relative decline in price just like Bitcoin.

In conclusion, the ethereum bull will only last as long as the Bitcoin ethereum pair stay down, but how long will bitcoin resize before picking up against the dollars?

Different markets in short!
They arent correlated from time to time which ETH could move its own and Bitcoin could move its own and this will always vary on the demand itself and this isnt surprising and if you are just new into to this market
then you should really get used into these kind of movements and better try to make some move which would really be beneficial for you since volatility will always be the key for you to earn but also it does have some risk on losing money too.Bitcoin had some significant movement on past days and now it is moving sideways again and we dont know if there would be some break out on 50k price and go ahead to its previous ATH.

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Quote from: letyouearn on September 04, 2021, 12:20:56 PM

Altcoins usually begin to grow fast after bitcoin becomes stable after nice growing period. Money moves from fiat to BTC and then to altcoins. If the altcoin season is long enough, even weak and crappy coins begin to shoot.

Exactly, if the price of Bitcoin stabilize on a good level the altcoins trend will begin and now BTC and ETH are both pumping reaching their peak after the dump months so I think it will still be hard to say if ETH really moves better with Bitcoin, they are both great to me on a great price today. There's a lot of reasons to be consider honestly, its just that we are too focus on the price.

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It also includes the other altcoins pair with Ethereum. But with such news about Ethereum including the 2.0, the continuous burning per transaction. Those that have bitcoin also consider buying Ethereum because it's all about how bullish and profitable is that.

Quote from: letyouearn on September 04, 2021, 12:20:56 PM

Altcoins usually begin to grow fast after bitcoin becomes stable after nice growing period. Money moves from fiat to BTC and then to altcoins. If the altcoin season is long enough, even weak and crappy coins begin to shoot.

That's right, the most money that is coming into the market is from fiat and then converted to bitcoin as usual. Then there's the pair goes for BTC/eth which is true with what OP has said.

jostorres

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Activity: 2534

Merit: 586

Quote from: BIN-BIN on September 01, 2021, 03:42:57 AM

As a crypto analyst, I took my time to analyze the market and have realized that the ethereum to Bitcoin pair has generated the increase in the value of ethereum so Bitcoin ultimately is the background for ethereum rise and not the US dollars as ethereum to dollars pair is suffering a relative decline in price just like Bitcoin.

In conclusion, the ethereum bull will only last as long as the Bitcoin ethereum pair stay down, but how long will bitcoin resize before picking up against the dollars?

Bitcoin bull run has lasted more than we even expected, so this is the time for alternate coins. For the past days now I have not used a huge increase in the price of alternate coins, coins like Tron, Ethereum has been increasing really well. Bitcoin has also been increasing but the increase hasn’t been much Compared to alternate coins. You should check the market chart for a month you will notice that in the price of alternate coins there has been up to 50% increase for most of them. Though we don’t know how long this is going to last, it’s quite possible that they will plummet next month. But let’s keep hoping that they will increase more and more.

letyouearn

legendary

Activity: 1722

Merit: 1014

Altcoins usually begin to grow fast after bitcoin becomes stable after nice growing period. Money moves from fiat to BTC and then to altcoins. If the altcoin season is long enough, even weak and crappy coins begin to shoot.

Ever-young

sr. member

Activity: 1288

Merit: 231

I agree with you in some ways, the ETH pump are not just determined by those facts, its is also being sponsored by it's regular adoption growth and the price prediction seems really fair, which we are expecting a rise way much more than this, in the near future.

zasad@

legendary

Activity: 1876

Merit: 4532

Quote from: cryptoknows on September 04, 2021, 05:43:58 AM

Quote from: BIN-BIN on September 01, 2021, 03:42:57 AM

Many people will believe that this is altcoins season reasons most altcoins such as ethereum rose to $3’500 and above which represents a 7.90% rise.

As a crypto analyst, I took my time to analyze the market and have realized that the ethereum to Bitcoin pair has generated the increase in the value of ethereum so Bitcoin ultimately is the background for ethereum rise and not the US dollars as ethereum to dollars pair is suffering a relative decline in price just like Bitcoin.

In conclusion, the ethereum bull will only last as long as the Bitcoin ethereum pair stay down, but how long will bitcoin resize before picking up against the dollars?

One way or another, that BTC and ETH are obsolete blockchains that are already overfilled in their volume. It is very sad that many people entered last year at a very low price of about $ 300-500, and so far large holders have not taken profits. This will undoubtedly happen sooner or later and many erc-20 tokens will depreciate. Therefore, it's time for people to think about stopping the thoughtless overfilling of Eth and turn their attention to new blockchains, which are already technologically better than the ETH network by a thousand times. I'm talking about Solana, Near Protocol, Matic. In these ecosystems, you can be absolutely completely separate and invest in many internal tokens that do not depend on Eth.

"Polygon/matic is a sidechain based scaling solution for public blockchains."
https://docs.matic.network/docs/home/faq/
Matic is the level 2 solution for Ethereum

Solana is very overpriced and liquidity is very low in this ecosystem.I haven't used Near Protocol yet.

cryptoknows

jr. member

Activity: 277

Merit: 5

Quote from: BIN-BIN on September 01, 2021, 03:42:57 AM

Many people will believe that this is altcoins season reasons most altcoins such as ethereum rose to $3’500 and above which represents a 7.90% rise.

As a crypto analyst, I took my time to analyze the market and have realized that the ethereum to Bitcoin pair has generated the increase in the value of ethereum so Bitcoin ultimately is the background for ethereum rise and not the US dollars as ethereum to dollars pair is suffering a relative decline in price just like Bitcoin.

In conclusion, the ethereum bull will only last as long as the Bitcoin ethereum pair stay down, but how long will bitcoin resize before picking up against the dollars?

One way or another, that BTC and ETH are obsolete blockchains that are already overfilled in their volume. It is very sad that many people entered last year at a very low price of about $ 300-500, and so far large holders have not taken profits. This will undoubtedly happen sooner or later and many erc-20 tokens will depreciate. Therefore, it's time for people to think about stopping the thoughtless overfilling of Eth and turn their attention to new blockchains, which are already technologically better than the ETH network by a thousand times. I'm talking about Solana, Near Protocol, Matic. In these ecosystems, you can be absolutely completely separate and invest in many internal tokens that do not depend on Eth.

ChaoChibai

member

Activity: 588

Merit: 10

-ethernity cloud-

Quote from: kaseygriffin on September 04, 2021, 02:50:37 AM

So you want it to happen at the same time, we all see how BTC is recovering from the big drop, and now the altcoin rally is next.
I don't think it's a problem to analyze when looking at the current state of the market everything is great, now there won't be a lot of people who believe that the price will drop.

I also think the same way, I think the price of bitcoin is also gradually increasing over time and right now the price is $50,000. I think this is such a good news for us, the increasing price of bitcoin will unlock the potentially increasing price for the alts too and we can see the green chart in the market.

kaseygriffin

full member

Activity: 785

Merit: 105

So you want it to happen at the same time, we all see how BTC is recovering from the big drop, and now the altcoin rally is next.
I don't think it's a problem to analyze when looking at the current state of the market everything is great, now there won't be a lot of people who believe that the price will drop.

Ozero

full member

Activity: 2142

Merit: 183

It seems to me that the reason for the current price growth of ethereum compared to the growth of bitcoin is primarily the successful update of the ethereum network and the expectation that this coin will soon continue to grow both in popularity and in price terms. Ethereum is expected to rise in price to ten thousand dollars or more soon. Bitcoin already has a high price and it will be difficult for it to increase several times in price, as ethereum is supposed to do. Therefore, the possible and expected profit from ethereum can be higher than that of bitcoin.

MrcMrc

member

Activity: 518

Merit: 45

To some extent I agree with you on this because the ethereum to dollars exchange is relatively low compared to its Bitcoin pair, at some point I was thinking and believe that we are in the ethereum season but reading through this thread made me dig dipped in research and I found out ethereum is gaining in it bitcoin pair that is the reason for the present ethereum rise when bitcoin is down in red.

BIN-BIN

member

Activity: 504

Merit: 57

Many people will believe that this is altcoins season reasons most altcoins such as ethereum rose to $3’500 and above which represents a 7.90% rise.

As a crypto analyst, I took my time to analyze the market and have realized that the ethereum to Bitcoin pair has generated the increase in the value of ethereum so Bitcoin ultimately is the background for ethereum rise and not the US dollars as ethereum to dollars pair is suffering a relative decline in price just like Bitcoin.

In conclusion, the ethereum bull will only last as long as the Bitcoin ethereum pair stay down, but how long will bitcoin resize before picking up against the dollars?

Topic: Reasons why Ethereum keep rising while Bitcoin on a stable mode (Read 404 times)