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Ethereum (ETH) Price Refuses to Pump Now, But May Follow Mid-Caps, Analysts Say

News
Fri, 06/19/2020 - 14:28
Vladislav Sopov
Ethereum (ETH) price growth is lagging behind the ongoing DeFi token rally. Ethereum (ETH) ecosystem contributors are figuring out whether that is cause for concern
Ethereum (ETH) Price Refuses to Pump Now, But May Follow Mid-Caps, Analysts Say
Cover image via stock.adobe.com
Contents

The global cryptocurrency community is excited by the rapid price upsurge of some native assets of decentralized financial instruments. COMP, the governance token of Compound Protocol, is inching closer to Binance's CoinMarketCap Top-20 with almost triple-digit daily gains.

Ethereum (ETH) price lags

At the same time, the Ethereum (ETH) blockchain is remaining the nucleus of decentralized financial vehicles. So, with such a splendid use-case, it should also skyrocket. However, it is demonstrating a pale performance.

Ryan Sean Adams waits for Ethereum (ETH) price rally
Image via Twitter

Ryan Sean Adams, a seasoned cryptocurrency investor, is confused by this dissonance. According to his tweet, Ethereum (ETH) 'went parabolic' with its last globally recognized use-case, ICOs of 2016-2017.

So, it should follow the same pattern with the expansion of DeFi,  but it has failed. Mr. Adams asked his Twitter audience about the possible reasons for this discrepancy.

Anthony Sassano, marketing officer in Set Protocol, EthHub community co-founder and host of Into the Ether podcast, believes that Ethereum (ETH) and Bitcoin (BTC) prices will spike after the exhaustion of the mid-cap token rally.

Mr. Sassano added that large-cap assets like Bitcoin (BTC) and Ethereum (ETH) print other sorts of cycles such as low-caps and mid-caps. The last two categories are subject to much more explosive pumps.

Ethereum (ETH) price targets $1,000

According to the most popular Australian blockchain evangelist Alex Saunders, Ethereum (ETH) needs nothing but time to reach full steam. And it could still revisit four-digit waters in the next rally.

As covered by U.Today Crypto News, prominent blockchain researcher Chris Burniske announced that we're only approaching the epoch of the DeFi rise.

His views are shared by seasoned investor and CEO of Three Arrows Capital, Su Zhu, who treats DeFi as a more sustainable and reliable catalyst for further Ethereum (ETH) price growth.

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.)