Why can't the current Ethereum price keep up with the Bitcoin price? - page 6.

tbct_mt2

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Quote from: restuibu on November 19, 2020, 06:25:12 PM

We all know that the price of Ethereum will grow when bitcoin is growing, everyone knows what happened in 2017. When bitcoin hit the price of $17k - $18k then the ethereum price was already over $1k - $1.2k, but now when bitcoin price is $17k but the ethereum price is very difficult to break the $500 price, shouldn't ethereum current price should is $1k

You sad wrong. The price of bitcoin and Ethereum did not hit their all time high at the same time. You can check charts of Bitcoin and Ethereum again and see what I meant. In reality the price of Bitcoin reached its all time high first and about 1 month later, Ethereum reached its all time high and the same goes for other altcoins.

So if the history will be repeated, the market might see a bull run of altcoins and I expect top altcoins will have their bull run one month after bitcoin falls from its high this year. We don't know the high of bitcoin this year and still waiting for it.

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Actually what happened to ethereum?

Many things happened with Ethereum, in the past with ICO scams, last few months with DeFi scams and likely developments are in progress that we don't know.

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Quote from: restuibu on November 19, 2020, 06:25:12 PM

We all know that the price of Ethereum will grow when bitcoin is growing, everyone knows what happened in 2017. When bitcoin hit the price of $17k - $18k then the ethereum price was already over $1k - $1.2k, but now when bitcoin price is $17k but the ethereum price is very difficult to break the $500 price, shouldn't ethereum current price should is $1k

Actually what happened to ethereum?

There is too much competition on the Dapps platform and it's not like in the past when there was only Ethereum. Binance chain, Polkadot, Cardano, Tron, Eos, and many other dapps platforms are better quality than ethereum. this is the reason why when the uptrend returned, ethereum prices did not experience a high enough increase. people are less focused on ethereum, they have started to be attracted to competitors because they have a pretty bright future.

harizen

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Quote from: restuibu on November 19, 2020, 06:25:12 PM

We all know that the price of Ethereum will grow when bitcoin is growing, everyone knows what happened in 2017. When bitcoin hit the price of $17k - $18k then the ethereum price was already over $1k - $1.2k, but now when bitcoin price is $17k but the ethereum price is very difficult to break the $500 price, shouldn't ethereum current price should is $1k

Actually what happened to ethereum?

Aside from dollar figures, there's not much action in the BTC/ETH pair compare back during the ETH hype.

In 2017, if my calculation is right when the BTC hits the $18,000-$19,000 mark, the Etherum price was around BTC0.04 to BTC0.05. Most altcoins got carried by BTC dominance during that year even the small-cap coins. There's also a high demand for ETH that year.

But looking at today's situation, most altcoins stayed on their average BTC price that's why looking at dollar figures, not much price increase even BTC is on an uptrend.

FinneysTrueVision

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Ethereum has higher inflation than Bitcoin. They have no cap on their maximum supply so they are just creating money to infinity. Bitcoin is much more scarce and new coins are mined at a much lower rate. There is more ETH supply that can be dumped on the market. I don't know how their market cap compares vs. 2017 but I would assume it is not 50% worse like the price is.

concept2

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The situation is not the same. Bitcoin can have its old pattern but it id not necessary that ethereum also has to follow. This has made many investors like you disappointed.

However, it is a good chance for me cause I can estimate the future price of Ether. It does not incrase its price currently but I do believe that in a near future, its price will go up. I can see the opportunity through the shadow. The price does not change significantly and is stable around $400. And the longer it stays here, the longer time I can use to collect. Never underestimate Ethereum. Its blockchain is one of the most powerful and the advantages are undeniable. Dont hesitate to buy more ethereum, especially if you are a supporter. Ether will soon rise and dominate the market as the second largest coin of the crypto world

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The scalability issues are the main problem and the current market conditions are not as same as in 2017. BTC first time has crossed the $17k price and the altcoins have followed this route all the way up to ATH. The alt season will bring the big money to the market and BTC price has not reached the top level yet.

At some point people move their investments from bitcoin to altcoins. This time it hasn't happened. This is the prime reason why there is no big growth with the altcoins price, particularly ethereum. Another thing, previously ethereum grew high due to the increased number of ICO that contributed to a massive growth to ethereum. Now that hasn't happened, as people are aware of ICO.

restuibu

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We all know that the price of Ethereum will grow when bitcoin is growing, everyone knows what happened in 2017. When bitcoin hit the price of $17k - $18k then the ethereum price was already over $1k - $1.2k, but now when bitcoin price is $17k but the ethereum price is very difficult to break the $500 price, shouldn't ethereum current price should is $1k

Actually what happened to ethereum?

Topic: Why can't the current Ethereum price keep up with the Bitcoin price? - page 6. (Read 1020 times)