Hi Steemit community,
Hope you guys are going well there, I am just curious with the increase of the price of bitcoin due to bip91 signalling, all other alts also increased significantly, the only non increasing was ETH. May be due to recent hacking news of the ETH and tokens from 3 different wallets due to security breach. BTC recovered from Last time ATH 3200 to 2900, LTC $53 to $47, though ETH is still floating around $215, where as list time high was $420 and Gdax, so still it is almost half the price, where as a lot of ICO are coming there this month, So I think the price of ETH is still undervalued looks like potential there. Please like and comment your views about the eth.
Market Cap overview sanp shot
ETH price overview chart
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I'm sure the reason for it not increasing is because of the hack. I'll be some at this point.
I honestly think ETH is developing a bad rep for all the hacks that are going on and all the Scam ICO's ETH was suppose to be the modern day to BTC wild west but there seems to be more trouble with ETH than BTC.
I guess so, though BTC scaling issues is not resolved yet, BIP91 signalling is not enough for preventing chain split, there is still uncertainty, In this situation, both top 2 crypto's has issues, I don't know which one is the biggest problem, the Bitcoin or ETH, anyways, lets see how market reacts !
I think ETH because all the problems BTC has and all the problems of the past it still manages to rise in price so think about when all the issues are updated.
I have learned the market is overheated when ETH price is more than 10% of Bitcoin. Better for ETH to stay below $300 until Bitcoin reaches above $3000.
The ICOs would prefer a undervalued ETH that would rise after the sale than and overvalued ETH that fall
Looks like ETH booming soon !