Purchased $1000 of Ethereum a week ago (around $70/ETH). It's been a good week.
$500 bucks gained in 7 days.
This is of course missing the big surge from less than $10/ETH earlier this year.
The new bump will gain some more and this will probably shoot up to $500 or more before the year is out.
This is all bubble due to speculation right now. It'll be highly volatile and is just mirroring the same thing that happened with bitcoin (BTC) from 2010-2014. But faster.
Final price to be determined, but after some coming speculation and volatility, it will settle at something pretty high. Maybe a couple hundred bucks I would guess.
ETH is making two big moves 1> increased acceptance in the American tech industry for contracts 2> moves to minimize inflation and stabilize prices by lowering mining pay (google bitcoin mining). This will keep prices high after a period of speculation this year while people try to get in on the next bitcoin surge.
Buy ETH if you see it crash below $100. Its going to at some point before stabilizing. It may bounce down to $50-60 again in the near term which would be prime to get in more.
Unexpectedly, Ripple exploded this week:
Ripple passed ETH in market cap, but that is based on pure speculation on some Asian markets and industry adoption. I am not trying to follow that as I can't keep up with nuance and coming market signals with the Asian focus. It'll crash and then settle to where the Asian market supports, but its gonna be a good one if you can follow the Asian business markets.
There's some industry moves of trying to stabilize Ripple in payment systems, but it still seems too much too fast. Billions gained in a day?
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