The price of Ethereum is presently over $3,400.
It seems poised to push towards the ATH.
What are your thoughts?
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The price of Ethereum is presently over $3,400.
It seems poised to push towards the ATH.
What are your thoughts?
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Fees are the killer. I am sure Axie Infinity leaderboard toppers must be busy cashing out.
ETH has only one benefit of price otherwise I am pretty much sure people would abandoned due to price of transactions. It's not even HODL worthy coin due to the fees but we have no option either.
I think it could push all time highs again, BUT they have got to figure out these fees. If they keep trying to cram $300, $400, $500 fees per transaction down peoples' throats, people will find other alternatives.
Cosmos(ATOM) just broke into all-time high territory and is starting to run. Kusama, Solana, DOT, MATIC, Elrond, all of them are starting to run on their own, outside of ETH and BTC.
Personally, I'm not very bullish on Ethereum. Do I think it can still make a big run? Yes. Who knows, maybe it could push $10k. But I just don't think it can survive all this competition if the fees stay this high. Seriously, why would anyone use Ethereum and pay $100s in fees when they can go other places and pay pennies or maybe a few dollars?
Like I said before, the NFT craze is driving these ridiculous fees and people are getting fed up.
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Some day The Flippening will take place and Bitcoin gets overthrown as the King of Cryptocurrency. However, some other altcoin will have that honor instead of Ethereum. It could be Polkadot, or Solana, or Polygon, or THORChain.
You will know that crypto is crazy when Dogecoin passes Ethereum.
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Yes and that could happen. There is no telling with Network Effects what can take place.
Imagine if Hive overtakes Ethereum.
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I'd be happy if Hive flipped over Dogecoin-- especially with all the hype and shilling it gets from USD billionaires down to D-list celebrities and social media influencers. Once that happens, then Hive can flip over Ethereum.
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That would be awesome! Hive would crush a lot of projects if that happend
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Fees are one of the main reasons I don't own any. It scared me away, but if they can ever get that figured out, they might be on to something. However, it dosen't seem to have the affected the price, which is good for those who were long on it.
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That is what is scaring off a lot of people. It is why I think, eventually, the chain is run by Wall Street. They are buying up the tokens which will give them incredible power under POS.
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In the end, the banks will because they will control that chain. That is what Ethereum will become.
Wall Street is buying up the tokens which, under POS, is going to give them incredible power.
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Ethereum is not for a micro-retail investor like myself. I will hold what I have for now which is a very small amount.
Ethereum, like Bitcoin has now become an institutional investors game; the very folks that crypto was supposed to make irrelevant as I understand things. Oh how the crypto-space has strayed from the original vision!
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Enter Dogecoin.
--not that you should buy any or shill for it, but it was made as the "crypto for the rest of us" when Bitcoin and Litecoin were stomping through the land in the many years before Ethereum arrived.
Unit bias made its holders feel like they had something ("I have 3,869,420 DOGE!, dude!"), it was relatively easy to acquire, and like-minded people found each other. We can't say that about Bitcoin or Ethereum even today.
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!giphy doge
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Via Tenor
Damn, that's gnarly, dude!
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That's sad but true. Banks ad other big institutions will always try to have their way
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I do not know much about @nftshowroom or the quality of the NFTs there, but it would be an alternative to WAX and Ethereum based sites.
TRIBALDEX.COM also has Non- Fungible Token (NFT) listings which would be another option. Most of what I have seen on there is gaming NFTs for @risingstargame and @dcitygame as well as listings from @nftshowroom. They also offer auctions for one's NFT(s).
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I'm actually surprised it's taken so long. I was expecting that last rally a few days ago to push us above $4,000 with the reduction and burn. I think we just missed the total market cap on all of crypto by about 200 billion. Primed and ready for another rally though just a matter of time. October, November and December should be legit crazy.
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Do you expect an overall bull run into year end in cryptocurrency?
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I do, of course there will be corrections along the way and with crypto those corrections often come fast and hard. But there's so much going for crypto in general including the advancement in smart contracts and a number of large cap block chains getting upgrades. It's no longer just Bitcoin, Litecoin and Ethereum. This time around It's Bitcoin, Ethereum, Polygon, Cardano, ADA and so on. Real projects with huge backing and projects being built on top of it unlike all the meme coin craze.
What are you thoughts over the next 3-6 months?
I think you are right. Personally I am very optimistic about Hive. I am not sure it fits into your timeline. It might be within 9 months.
But I dont think the bull is near over. I expect a jump to a $4 trillion market cap to happen fairly quickly.
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Well I think its posed to go up as well. The deflationary burns and NFTs being on the rage has contributed to the hype so it has stayed relevant despite the crypto dip.
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It is always about the hype. These influencers get paid big bucks for shilling worthless shit-coins. Even Snoop-Dog has joined in on this mess! Guess he wanted to buy more expensive weed. 🤣
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Snoop Dog wants in on Ethereum? Dogecoin wasn't enough anymore? He's already shilling for any number of lesser or newer altcoins.
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Oh I did not mean that he was shilling Ethereum (ETH), just that he was on the cryptocurrency shilling train. 🚂💰
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Oh, OK. That's actually a let down. We knew he was shilling for various cryptos. He's even on a banner add LeoFinance has been showing recently.
Someone should introduce him to Hive blockchain so he can begin shilling for WEED. I'll even give him the 0.93+ WEED I have accumulating in my wallet.
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I think that is definitely possible. I'm holding some ETH just for the value appreciation but I don't do anything on the blockchain itself.
Those fees would kill me
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