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Ethereum (ETH) Price 'Explosive Upmove' Revealed by Investor Dan Tapiero

News
Thu, 06/04/2020 - 13:08
Vladislav Sopov
Dan Tapiero, a vet of global macro investing and founder of Gold Bullion International investment conglomerate, reveals why the Ethereum (ETH) price may rally very soon
Ethereum (ETH) Price 'Explosive Upmove' Revealed by Investor Dan Tapiero
Cover image via www.youtube.com
Contents

Dan Tapiero noticed in a tweet that the Ethereum (ETH) price has broken above its 11-month level of resistance. He is guessing, whether the potential catalysts for a future upsurge are sufficient for further growth.

Searching for the catalysts

Mr. Tapiero revealed a chart of how Ethereum (ETH) price growth is gaining power. It is ready to reclaim the huge stronghold of the bears. The crucial resistance level is printed by the line between two peaks, of June 2019 and February 2020.

Dan Tapiero asks about ETH catalysts as price breaks above resistance
Image via Twitter

Fascinated by this perspective, Mr. Tapiero asked Crypto Twitter about the potential catalysts that may push the Ethereum (ETH) price forward in mid-term horizons.

Mostly, the comments emphasized the importance of the DeFi allocations upsurge and the movement of capital from Bitcoin (BTC) investors. Also, some speakers highlighted the significant number of 'noobs' entering crypto investments right now. 

Mr. Tapiero is very skeptical about the spike of the Ethereum Grayscale Trust (ETHE) stock price. He believes it has nothing in common with properly manned crypto adoption:

I take your point on noobs entering when I see something as totally ridiculous as the Grayscale trust premium. Horrible to encourage retail to own this thing at 800% premium. Not a great way to encourage adoption....into products that do not reflect a real price...embarassing.

Technology may be involved

Besides purely speculative reasons, the Ethereum (ETH) price is influenced by a number of great technological milestones reached by Ethereum (ETH) itself and some projects built atop this chain.

For instance, as U.Today Crypto News reported yesterday, Ethereum (ETH) 2.0 coordinator Danny Ryan published a long-read about its progress. This impressive text will strengthen the bullish narrative of the Ethereum (ETH) community.

Also, Ethereum-based OMG Network has inked a partnership with Tether (USDT). All ERC-20 Tether (USDT) transactions on Bitfinex will be confirmed through the Plasma scalability solution by OMG.

Another layer-two Ethereum (ETH) scalability solution by Matic Network has gone live in a mainnet version. Thus, the first days of Summer are particularly fruitful for the Ethereum (ETH) ecosystem in terms of technological progress.

About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

Ethereum (ETH) Market Cap May Become Equal to Bitcoin's (BTC): ConsenSys Director

News
Mon, 07/13/2020 - 14:38
Vladislav Sopov
John Lilic, managing director at ConsenSys decentralized development studio, has shared an over-bullish prediction for Ethereum (ETH) progress
Ethereum (ETH) Market Cap May Become Equal to Bitcoin's (BTC): ConsenSys Director
Cover image via stock.adobe.com
Contents

John Lilic leads international business development in the ConsenSys leading blockchain development studio. He is also an expert in energy markets and cryptocurrency segments. He tracked the progress of Bitcoin's (BTC) and Ethereum's (ETH) market capitalization statistics, coming up with an extravagant prediction.

Bitcoin (BTC) should get ready for parity

Mr. Lilic outlined that Ethereum (ETH) is showcasing much healthier dynamics than its competitor is. For instance, the flagship cryptocurrency still surpasses Ethereum (ETH) by 6.3x in terms of market capitalization, while simultaneously collecting 20% fewer fees than Ethereum (ETH).

John Lilic of ConSensys foresees parity of Bitcoin (BTC) and Ethereum (ETH) market capitalizations
Image via Twitter

Also, Ethereum (ETH) is demonstrating much more impressive price dynamics this year. It gained almost 37% against Bitcoin (BTC) in 2020. That said, Ethereum (ETH) looks severely undervalued to the top manager of ConsenSys.

However, Ether is on the path to eliminating this discrepancy. Eventually, the top two cryptocurrencies may reach market capitalization parity, concludes Mr. Lilic.

Related Bitcoin (BTC) and Ethereum Have (ETH) Recovered From Black Thursday, Who Else? Coinmetrics Explains
Related
Bitcoin (BTC) and Ethereum Have (ETH) Recovered From Black Thursday, Who Else? Coinmetrics Explains

As covered by U.Today Crypto News recently, Coinmetrics on-chain research team called Bitcoin (BTC) and Ethereum (ETH) the unique crypto behemoths that have managed to recover from Black Thursday.

Bitcoin (BTC) is losing supremacy in "fee race"

Should Ethereum (ETH) overcome its undervaluation, its price may be over $1,550 based on liquid supply and current Bitcoin (BTC) market capitalization.

Recently, it was unveiled that Ethereum (ETH) blockchain continues to surpass Bitcoin (BTC) in terms of network fees for more than 30 days in a row. Ethereum (ETH) is seeing this advantage for the first time in its history.

As U.Today Crypto News reported previously, ex-Messari analyst and angel investor Qiao Wang identifies two main catalysts of Ethereum's (ETH) price run in the mid-term perspective.

Related Ethereum (ETH) Price Two Bullish Signals, According to Investor Qiao Wang
Related
Ethereum (ETH) Price Two Bullish Signals, According to Investor Qiao Wang

According to Wang, the upcoming rally may be fueled by a long-awaited transition to Proof of Stake and fixing the monetary policy of Ether token.

About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)