Topic: Why ETH price keeps decreasing? - page 2. (Read 1049 times)
Ethereum is second too coins and there should be no worries about Ethereum price. It better to stake it in Coinbase,then you can trade it into cbeth then from there it can be sold for cash or whatever. I recommend keeping it staked though, the returns are alright if you're prepared to just leave it. I'm planning to buy more and keep it staked so at least it's doing something instead of being sat about...
Simple. The global economy deteriorated because of COVID-19 and the Russo-Ukraine war, while a major crypto exchange (FTX) collapsed. This caused Bitcoin to decline massively in price, taking along ETH and a few other cryptocurrencies down with it. You can see why the PoS upgrade had little-to-no effect over ETH's market price. If you really want to see ETH go all the way to the moon, then Bitcoin needs to rise first. Otherwise, don't count on seeing a return on your investment anytime soon.
For what I know, investing into crypto takes time and lots of dedication. There's no such thing as becoming a wealthy person overnight. Good things only comes to those who wait. I think ETH will go way above $5k once this is all over. If you keep buying ETH while it's still cheap, you'll be able to reap the benefits at a later time. Ultimately, strong hands will buy and "hodl", while weak hands will sell. As long as you don't put all of your life savings into ETH, you'll have nothing to worry about. Just my thoughts
Becoming rich overnight can of course be in crypto, because the high volatility of crypto makes price spikes very high with a note that you can find coins that have the potential to increase drastically. and also conversely people can become poor overnight as happened to SBF Ceo FTX who lost all his assets overnight due to FTX problems. the strong and holding them will win. Buying and holding ETH from now on will pay off well when the ETH price rises to $5k. For what I know, investing into crypto takes time and lots of dedication. There's no such thing as becoming a wealthy person overnight. Good things only comes to those who wait. I think ETH will go way above $5k once this is all over. If you keep buying ETH while it's still cheap, you'll be able to reap the benefits at a later time. Ultimately, strong hands will buy and "hodl", while weak hands will sell. As long as you don't put all of your life savings into ETH, you'll have nothing to worry about. Just my thoughts
Hi everyone. I'd like to get your take on this since I'm not really sure what am I missing here.
Although one would anticipate that the price of ETH should increase given that the supply has decreased by over 5,500 since last Saturday, for some reason, ETH prices haven't exactly seen the coresponding price boost despite lowered supply.
Why hasn't this had a beneficial effect on the price of ETH?
Original source:
https://twitter.com/thetokenist/status/1580532690360872961
https://tokenist.com/ethereum-turns-deflationary-but-drops-7-as-market-stays-uncertain/
Although one would anticipate that the price of ETH should increase given that the supply has decreased by over 5,500 since last Saturday, for some reason, ETH prices haven't exactly seen the coresponding price boost despite lowered supply.
Why hasn't this had a beneficial effect on the price of ETH?
Original source:
https://twitter.com/thetokenist/status/1580532690360872961
https://tokenist.com/ethereum-turns-deflationary-but-drops-7-as-market-stays-uncertain/
Simple. The global economy deteriorated because of COVID-19 and the Russo-Ukraine war, while a major crypto exchange (FTX) collapsed. This caused Bitcoin to decline massively in price, taking along ETH and a few other cryptocurrencies down with it. You can see why the PoS upgrade had little-to-no effect over ETH's market price. If you really want to see ETH go all the way to the moon, then Bitcoin needs to rise first. Otherwise, don't count on seeing a return on your investment anytime soon.
For what I know, investing into crypto takes time and lots of dedication. There's no such thing as becoming a wealthy person overnight. Good things only comes to those who wait. I think ETH will go way above $5k once this is all over. If you keep buying ETH while it's still cheap, you'll be able to reap the benefits at a later time. Ultimately, strong hands will buy and "hodl", while weak hands will sell. As long as you don't put all of your life savings into ETH, you'll have nothing to worry about. Just my thoughts
It could be that some influence of the recent bad news caused the price to fall, it could be that there was a panic and some voters sold it. But for me this can be a reference to be able to return to positive trends, especially with this good news. hopefully in the future recover quickly.
I don't think there is a particular reason it is only following the trend of the other altcoins which obviously follow the descent of bitcoin, unfortunately we are still in a bear market
In addition to the bear market, there is too much negative news, which also puts pressure on the price of not only Ethereum, but also bitcoin. Now everyone is closely watching how the Genesis liquidity problem will be solved. And if no one can help them financially in this, then we will see another dump of the market.
Ethereum is on a downward trend at the moment, but in my opinion, it will bounce back from this cycle. However, even if Ethereum never recovers to its previous levels, the Ethereum community remains very active and is working hard to make Ethereum one of the most secure and trusted networks out there.
At its core, Ethereum was designed to be something new a blockchain system that is far more than just a simple currency network. Sure, ETH price drop has caused negative ripples in the market but some crypto enthusiasts maintain that its lack of utility could give rise to new take off in the future.
At its core, Ethereum was designed to be something new a blockchain system that is far more than just a simple currency network. Sure, ETH price drop has caused negative ripples in the market but some crypto enthusiasts maintain that its lack of utility could give rise to new take off in the future.
As of this time, the hacker of FTX has dumped a lot of ETH and into BTC. I don't think it would stop there though. Expect there will be another bunch of dumps, but I could be wrong.
This is going to be a long winter that we needed to endure, so I am not expecting for the crypto market to end the year on a high note even if it's a short term pump but could end up as a dead cat bounce.
This is going to be a long winter that we needed to endure, so I am not expecting for the crypto market to end the year on a high note even if it's a short term pump but could end up as a dead cat bounce.
I don't think there is a particular reason it is only following the trend of the other altcoins which obviously follow the descent of bitcoin, unfortunately we are still in a bear market
I think it's definitely normal for eth to lose its value in the middle of bearish like this after all it was such tough situation after the crash of ftt token that caused so many coins which has actually already losing its value in the previous luna crash, losing even more value, eth is the same like other coins and it isn't that independent against btc honestly. Surely once the trend is getting better after all these crashes, eth will recover rather easily.
I understand that there is always an internal factor and global factor that drives every coin. All the recent implementations, migrations and hype of a particular coin from the developers or the community are all internal factors. And this internal factor does not overtake the global factor in terms of price.
The global factor could be the effects of FTX bankruptcy, the overstayed bear market and more. This global factor is the only thing that affects bitcoin. And once bitcoin is affected, every other coins follow suit no matter the internal arrangement of the coin developers.
The global factor could be the effects of FTX bankruptcy, the overstayed bear market and more. This global factor is the only thing that affects bitcoin. And once bitcoin is affected, every other coins follow suit no matter the internal arrangement of the coin developers.
The price of Ethereum is decreasing due Bitcoin price is down. The whole market price is down. But no one has the exact problem of why the price of altcoins is down. So let's see the price of Ethereum go up and further down in the future.
We can't expect Ethereum to strike high when the market is still in a bearish situation. There are also lots of events and occurrences that affect the price of Ethereum. Even the global economy is in a bad state so Ethereum alone can't rise and recover. We all know that most altcoins rely on Bitcoin which is also currently at its bearish price. I think it will still take time before Ethereum could recover. There are negative news that came within this year but they are not the main reason on why the bear market have occurred because bear markets are a natural phenomena here in crypto. It is usually paired by the bull market but negative news can contribute and make the price more down.
Hi everyone. I'd like to get your take on this since I'm not really sure what am I missing here.
Although one would anticipate that the price of ETH should increase given that the supply has decreased by over 5,500 since last Saturday, for some reason, ETH prices haven't exactly seen the coresponding price boost despite lowered supply.
Why hasn't this had a beneficial effect on the price of ETH?
Original source:
https://twitter.com/thetokenist/status/1580532690360872961
https://tokenist.com/ethereum-turns-deflationary-but-drops-7-as-market-stays-uncertain/
Although one would anticipate that the price of ETH should increase given that the supply has decreased by over 5,500 since last Saturday, for some reason, ETH prices haven't exactly seen the coresponding price boost despite lowered supply.
Why hasn't this had a beneficial effect on the price of ETH?
Original source:
https://twitter.com/thetokenist/status/1580532690360872961
https://tokenist.com/ethereum-turns-deflationary-but-drops-7-as-market-stays-uncertain/
The price of Ethereum is decreasing due Bitcoin price is down. The whole market price is down. But no one has the exact problem of why the price of altcoins is down. So let's see the price of Ethereum go up and further down in the future.
We can't expect Ethereum to strike high when the market is still in a bearish situation. There are also lots of events and occurrences that affect the price of Ethereum. Even the global economy is in a bad state so Ethereum alone can't rise and recover. We all know that most altcoins rely on Bitcoin which is also currently at its bearish price. I think it will still take time before Ethereum could recover.
This was supposed to be question before entering to PoS actually.
The bloody trend is due to current market situation and off course due to ETH changing its technology. What do you think miners did with their mined coins? Hold it out of goodness for the community and forget about their profits? Nah, I don’t think so. They are going all in right now and ETH getting liquidated at higher rates. This isn’t speculation but it is perfect logic behind the decline of ETH price.
It will take time for stakers to regain the market and then sudden jump will follow.
It was basically inevitable that something like would have happened, ETH miners are facing huge losses not only because now they cannot find another coin to mine for profit, but also because they had to sell their equipment and they had to do it for a loss, so they had not other choice but to sell whatever ethereum they had in store.The bloody trend is due to current market situation and off course due to ETH changing its technology. What do you think miners did with their mined coins? Hold it out of goodness for the community and forget about their profits? Nah, I don’t think so. They are going all in right now and ETH getting liquidated at higher rates. This isn’t speculation but it is perfect logic behind the decline of ETH price.
It will take time for stakers to regain the market and then sudden jump will follow.
But since many miners were doing the same this lowered the price of ethereum after its transition to POS, however now it seems that finally things are improving for ethereum and the market in general as I see a lot of green during the last week, a tendency I hope can be maintained for some time.
Bitcoin is currently down, so naturally the price of ethereum is also going down, all altcoins be it ethereum, bnb or other alcoins are very dependent on bitcoin movements, I need to remind you this is a good time to invest in ethereum.
Also, I think we will get to see the affects of this merge in the long run.
Ethereum is deflation very well and gas fees are also very cheap compared to pre-merger. Actually ETH has improved a lot but people don't mind, people just want to see its price go up then that's called success. But in the long run, it is these things that will drive the price of ETH higher.
If ETH wouldn't be needed anymore, no deflation will save the asset from falling.
When ETH switched to POS and censoring transactions some people and projects will be away from ETH.
This was supposed to be question before entering to PoS actually.
The bloody trend is due to current market situation and off course due to ETH changing its technology. What do you think miners did with their mined coins? Hold it out of goodness for the community and forget about their profits? Nah, I don’t think so. They are going all in right now and ETH getting liquidated at higher rates. This isn’t speculation but it is perfect logic behind the decline of ETH price.
It will take time for stakers to regain the market and then sudden jump will follow.
The bloody trend is due to current market situation and off course due to ETH changing its technology. What do you think miners did with their mined coins? Hold it out of goodness for the community and forget about their profits? Nah, I don’t think so. They are going all in right now and ETH getting liquidated at higher rates. This isn’t speculation but it is perfect logic behind the decline of ETH price.
It will take time for stakers to regain the market and then sudden jump will follow.
Why hasn't this had a beneficial effect on the price of ETH?
No one knows exactly what will happen in the future. But if history is any guide, ethereum appears to be holding its value better than most in recent months. It's hard to predict what the future holds, but as of now, it looks like ethereum investors are doing better than most.
Ethereum may be able to maintain its value in the long term. The general sentiment for cryptocurrencies seems very bearish at the moment. The market has taken a beating and plunged June $993.4 from its January high of $3,761 but there is too much exciting going on with Ethereum for the price of ETH to fall into complete doldrums.
I personally think ETH is by far the best altcoin out there which is why it is at the second rank by marketcap.
It has completed the merge without any setbacks which shows how well planned the merge was.
Also, I think we will get to see the affects of this merge in the long run.
Currently since we are in a bear market it might be shadowing the potential of ETH growth but let's see how it goes when the bull market returns.
It has completed the merge without any setbacks which shows how well planned the merge was.
Also, I think we will get to see the affects of this merge in the long run.
Currently since we are in a bear market it might be shadowing the potential of ETH growth but let's see how it goes when the bull market returns.
Ethereum is a top utility coin and its potential isn't questionable. There are just lots of occurrences that are happening in our economy that affect the blockchain market including Ethereum. The inflation crisis is one of the reasons why the market has been in a bearish condition but most cryptocurrencies including Bitcoin are dropping down. The decrease in the price of Ethereum doesn't affect its potential. It will remain on top because of its promising function which is the reason why many investors trust it.
So even if it has not done as well as people believe it would have due to the hype created by this transition there is no reason for people to be worried about, since it is obvious that once the next bull market comes ethereum is going to be once again one of the best performers among the top coins in the market.
Well, in reality, and since that Ethereum became the most centralized project within the cryptocurrency space, the logic would be for the token to get to a price which would be usable. In order to be used as he main option for smart contracts, Ethereum would have to have a steady and low price who would not greatly impact the cost of transactions. IMO, any smart contract network who wants to survive, needs to set its price range into an affordable price so to not to stifle the development of new project in the network.
For Ethereum not really having a good increase despite it's merging and it's supply being burned, I guess the main reason is that there are no investors or more sellers simply as that. Nevertheless it doesn't mean that Ethereum is not a good project to invest, it's the second best behind bitcoin.
and to be more precise is because merging will be like a long term project taking a very long time.and it's all also influenced by the ongoing bearish market that causes investors to be afraid to invest in coins other than bitcoin even though ethereum is the second best after bitcoin.
maybe we can see what will happen in the future after the bulls come maybe ethereum will have a slightly better increase than this
I see ETH still has the potential but I don't have to expect that because of the merge we will see its price move high. Because at this time, I was already relying upon the upcoming halving which helps to increase demand and uplift the price.
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