Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Nice article from Thursday on Ethereum:
Digital currency ether hits a record high, stealing bitcoin’s limelight
PUBLISHED THU, APR 29 20218:11 AM EDTUPDATED THU, APR 29 20211:09 PM EDT
LONDON — Ether hit an all-time high Thursday as bitcoin’s dominance of the cryptocurrency market declined.
The world’s second-largest digital currency by market value surged to a fresh record of $2,800 on Thursday morning, according to data from Coin Metrics. Bitcoin, the top digital coin, was slightly lower at a price of $54,471.
The move comes after the European Investment Bank announced Wednesday that it had issued its first ever digital bond on the Ethereum blockchain, ether’s underlying network. This led to speculation that the currency is gaining traction among mainstream financial institutions.
Most major cryptocurrencies were trading higher Thursday, boosted by ether’s rise. Bitcoin, the most valuable digital coin, is down about 16% from its all-time high of almost $65,000 earlier this month. It has still had a stunning rally, though, climbing almost 90% so far this year, on the back of increased interest from institutional investors and corporate buyers like Tesla.
At the same time, some investors have warned of froth in the crypto market. Dogecoin, a meme-inspired digital token, rallied Wednesday after supportive tweets from celebrities like Elon Musk and Mark Cuban.
And plenty of other “altcoins,” or alternative currencies, have also rallied this year. This led to bitcoin’s dominance of the crypto market falling below 50% last week for the first time since August 2018, according to CoinMarketCap.
The first time bitcoin’s share of the market sank below that level was in 2017, before a huge slump in crypto prices now referred to as a “crypto winter.” But bitcoin bulls contend things are different this time, as the rally is being driven by institutional demand rather than retail investors.
“There’s just so much hype from the institutions coming in,” Carol Alexander, professor at the University of Sussex Business School, told CNBC last week. “Bitcoin is almost like a sort reference point, the numeraire of crypto. I think there’s going to be sustained demand as institutional investors become more confident about the market.”
“Having said that, on the more retail side that used to be in bitcoin, it’s not cool anymore,” Alexander added. “Everyone knows about bitcoin and we want things to talk about. We don’t want to talk about Covid all the time. So much of this is about market psychology. We’ve been shut inside and haven’t had any news to talk about.”
Skeptics of cryptocurrencies say that bitcoin and other digital coins are a speculative bubble. Stephen Isaacs, chairman of the investment committee at financial consultants Alvine Capital, told CNBC earlier this month that he thinks bitcoin is in a “bubble” that will burst, citing risks around regulation and climate change.
Ethereum vs. bitcoin
Ethereum may be coming after bitcoin, but there are some key differences between the two. For one, Ethereum has several software developers building apps on its network. Ether is the native token of the Ethereum blockchain.
One popular trend in the so-called decentralized app space is NFTs, or nonfungible tokens, digital assets meant to represent ownership of rare virtual items like art and sports memorabilia. Many NFTs are based on Ethereum.
Ethereum is also going through a major upgrade that will push it further from bitcoin, in theory allowing for faster transaction times and reducing the amount of power required to process transactions. Both bitcoin’s and ether’s networks have attracted criticism from environmentalists over the impact of crypto mining on the climate.
“Post the network upgrade, Ethereum in particular is proving its use-case, and with developers piling on to the platform, it is little wonder it is gaining so much traction with investors,” said Simon Peters, cryptoasset analyst for online trading platform eToro.
“Underlying this is demand from institutional investors. While they may now have some exposure to bitcoin, institutions are now diversifying their exposure and Ethereum is the natural next pick, and that leaves the second biggest cryptoasset by market cap well placed to benefit further.”
Disclosure: CNBC owns the exclusive off-network cable rights to “Shark Tank,” which features Mark Cuban as a panelist.
https://www.cnbc.com/2021/04/29/bitcoin-btc-ethereum-eth-cryptocurrency-price-hits-record-high.html
ETH should back off a bit here at 2933 at 1:32pm est IMO... looking to add more on retrace.
How is that working out...
SHORT ETHEREUM WITH EVERYTHING YOU HAVE
As they say in Mission Control
"We have lift off"
You need to learn the chart 1 lolololo bs
$ETH Do You Want To Make Me A Multi-Millionaire Now Or In December? I’ll Wait $ETHE #Premium Bulls Hells Bells!
$ETH @Coinbase Staking Ethereum! $ETHE #WorldComputer! ETH2 #ProofOfStake POS #POSA Win! iG #Premium Bulls @Grayscale #GoGrayscale!
Give it 10 years or so and you'll probly be thanking yourself. I boight in at 1300 mostly and and holding long term
$ETHE Yes! $ETH So Pretty! #Premium #WorldComputer! #CodeIsLaw #ALTseason
$ETH Time Is Ticking For The Empire $ETHE #Premium Bulls #GoGrayscale!
Well DUAH! I've been saying this for years.
''JPMorgan analysts think the reason why Ether is growing faster than Bitcoin is that while the latter is more of a commodity competing with gold as a store of value than a currency, Ether is the backbone of the crypto-native economy and a medium of exchange.''
https://www.msn.com/en-us/money/markets/here-s-why-jpmorgan-believes-ethereum-will-continue-growing-faster-than-bitcoin/ar-BB1gch7b?ocid=msedgntp
I better sell some stocks n buy more.
emit...
you're welcome, mike -- looking forward to a very strong ETH run, as #BTC outflows continue to push us higher.
Haha... pure genius
Nice! Thanks for posting it!
Wow! There's the reason I own 50X more ETH than BTC.
Welcome aboard peeps!
ETH/VET Real World Usage
e
Gosh, I don't know which one to buy! lol
e
https://markets.businessinsider.com/currencies/news/ether-price-ethereum-network-european-investment-bank-jpmorgan-ubs-2021-4-1030357506
Feel so bad for these people that sold Bitcoin at a penny
This post is awesome! Oversold? Get out and short ETH it because it’s oversold? The chart is oversold! Classic... SMH.
Ether Soars to New All-Time High and JPMorgan Notices
JPMorgan points to better liquidity conditions as reasons behind ETH's outperformance relative to BTC, which could provide a tailwind. https://www.coindesk.com/ether-all-time-high-jpmorgan
ETHEREUM IS ABOUT TO CRASH DISGUSTINGLY
SHORT ETHEREUM WITH EVERYTHING YOU HAVE
The chart is completely oversold. Get out while you still can, or short it with 5x margin.
There is much better tech from other projects out there but it's all about wide-scale adoption and Eth is at the right place at the right time. Let's see if they'll stick to the new new new schedule. It's time for Vitalik to stop postponing and it's time to deliver this year.
$ETH $ETHE #Premium #Ethereum’s market cap exceeds that of platinum for the first time https://cointelegraph.com/news/ethereum-s-market-cap-exceeds-that-of-platinum-for-the-first-time via @cointelegraph #WorldComputer! #EthereumClassic #CodeIsLaw #ALTseason!
Yes, $2,600 now, but just a matter of time until we reach $3,000 and then higher
ETH has been an amazing workhorse. fun times ahead, emit!
Sweeeeet... ETH is strong.
vet-to
e
Converting some ETH at 2715 into USDC at 9:57pm est
ETH -- $2,723 -- wall street's pushing for $10K++ imo. enjoy the ride!
So you don’t care enough that you feel the need to respond....
Yep the dominance hit the Alt Season Signal for sure! Have Fun & Cheers
Does EThereum 2 having the same price raise any concerns for you all or to me this seems better? The 2 coins can’t have the same price or do you think once released it will have any correlation with DOGE as I know the project was under way for DOGEThEREUM as DOGE was cheaper price for gas fees and solved problems that ethereum had and merging DOGE on the ETH network to my knowledge as been in the works. Any thoughts?
hope you were able to grab some ETH under $2,400 -- a bitcoin recovery will unleash every altcoin, and ETH is the leader of that pack.
in this last week, every time bitcoin dipped, ETH was obviously getting some of those outflows. now BTC is red and ETH is green. get ready to rumble.
$ETH $ETHE 1K Long and Strong #Premium Bulls
hope you bought the dip. ETH is going to $10K++ imo.
Thats a good point. I actually do mine pi as well
Good chance to own a ETH company still low, merger announced not long ago.
Sysorex (OTCQB: SYSX) announced the closing of a reverse triangular merger with TTM Digital Assets & Technologies, Inc., a data center owner and operator and now, the largest U.S. publicly traded Ethereum mining company based in the United States with operations in New York and North Carolina.
ETH is strong, but the leverage on ETC is best imo.
https://trade.kraken.com/charts/KRAKEN:ETH-USD
https://trade.kraken.com/charts/KRAKEN:ETC-USD
Sundial Cannabis Growers $SNDL recently announced $22M Investment In Indiva Marijuana Edibles &
Cannabis Infused Edibles Market Could Exceed $11.5 Billion By 2025
You can mine pi crypto off your phone for free, Im not sure why people pay actual cash for these coins when there’s always a new coin that you can collect for free
the reason we all love crypto is it's such a huge global market -- random opinions in some backwater of the web won't make a dent in it.
$ETH Ethereum Crash coming. Elliotwave
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |