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Is Ethereum Overvalued 2018

Why I Believe Ethereum And Its Tokens Are Way Too Overvalued Compared To Steem

Why I Believe Ethereum And Its Tokens Are Way Too Overvalued Compared To Steem

In times like these with a huge bull market forming, I like to take the time to look at specific values of cryptocurrencies and try to evaluate them depending on use. Now before I get started I want to make sure the readers know that this is just personal opinion and should not be taken as investment advice. I am someone who has lost interest in Bitcoin years ago for the sole reasons that it doesn't do things it promised to be able to in the beginning. Since then I moved on to other project such as Ethereum and I have huge respect for the creator of it. I believe that the token economy around it got spammed too fast and too much in a short amount of time. With the general thought process of investors "holding" this may have caused huge over-estimates of the value of tokens compared to their usage and effectiveness in the real world. To start off, here are some of the biggest ERC20 tokens. I'm not going to lie and tell you I know what all of these do, it's come to a point where there are just way too many for a normal human to be able to follow them all. I'm sure they all have their specific usage for certain purposes and deserve a certain value, but at this point it's mainly being pushed by speculation alone. Speculation can be a good thing, but after some time if certain projects barely do anything real or are being used by real people for their designed usage, it's just another blockchain on top of Ethereum doing nothing but being a placeholder for its name while being speculatively traded on exchanges. I stumbled upon these tweets by the creator of Ethereum Vitalik Buterin after the total market cap of all cryptos passed $500 billion recently. As I said earlier I have huge respect for Vitalik, I've followed his tweets and Reddit comments for as long as Ethereum has Continue reading >>

Heres Why Bitcoin, Ethereum, And Ripple Are Up Despite The Secs Crypto-crackdown

Heres Why Bitcoin, Ethereum, And Ripple Are Up Despite The Secs Crypto-crackdown

Heres Why Bitcoin, Ethereum, and Ripple Are Up Despite the SECs Crypto-Crackdown You might think that regulatory action would send the cryptocurrency markets plunging, but Matt is a Certified Financial Planner based in South Carolina who has been writing for The Motley Fool since 2012. Matt specializes in writing about bank stocks, REITs, and personal finance, but he loves any investment at the right price. Follow him on Twitter to keep up with his latest work! Follow @TMFMathGuy The Securities and Exchange Commission, or SEC, is conducting a probe into the cryptocurrency industry. At first, this may sound like it would be a big negative catalyst for cryptocurrencies such as bitcoin (BTC-USD) and Ethereum (ETH-USD), but this doesn't seem to be the case. In fact, the five largest cryptocurrencies are all higher on Thursday. Here's why the SEC's involvement could actually be a good thing. The majority of cryptocurrencies are in the green today, including the biggest names such as bitcoin, Ethereum, and Ripple (XRP-USD). Here's a quick look at the five largest cryptocurrencies by market capitalization, and how much each has changed over the past 24 hours. Data Source: www.investing.com. Prices and daily changes as of March 1, 2018 at 2 p.m. EST, and prices are rounded to the nearest cent where appropriate. The SEC just launched a cryptocurrency probe Late Wednesday, The Wall Street Journal reported that the Securities and Exchange Commission (SEC) is launching a probe into the cryptocurrency market. This shouldn't come as too much of a surprise, as the agency has warned the American public about investing in cryptocurrencies several times. Details are light at this point, but the report indicates that the SEC is most interested in initial coin offerings , or ICOs. An ICO Continue reading >>

Ethereum Has Outpaced Its Rival Cryptocurrencies Since The Start Of 2018

Ethereum Has Outpaced Its Rival Cryptocurrencies Since The Start Of 2018

Ethereum has outpaced its rival cryptocurrencies since the start of 2018 Ethereum is the best performing major cryptocurrency so far in 2018. The second-largest coin by market cap has gained 46% since January 1, compared to the overall market's 15% drop. The global cryptocurrency market might have lost 15% - or $93 billion of value - since January 1, but not all coins have declined equally. Ethereum has fared well in 2018, avoiding the drastic selling that has left other coins in the red. The second-largest cryptocurrency by market cap is up more than 46% this year, according to Markets Insider data, far outpacing bitcoins 25% decline. XRP , the third-largest cryptocurrency, controlled largely by its creating company Ripple, is down more than 45% since January 1. Cryptocurrencies worth less than $1 billion haven't fared well either. The fourth-largest digital coin, bitcoin cash , has plunged 35.9% so far this year. 2018 has been marked by wild price movements, often over 10% in either direction, as fears of regulation in the US and abroad routinely wipe out billions of dollars in market value on any given day. Thats a near complete departure from 2017, a year in which prices seemed to move upward at a breakneck pace. "The state of cryptocurrency is incredibly strong," Andy Bromberg, CEO of CoinList, an ICO hosting platform, told Business Insider. "Looking far beyond the prices, we're seeing an increasing number of high-quality projects in the space, with experienced teams, impressive early technological breakthroughs, and rigorous legal structuring. "We expect to see this continue into 2018 as the industry matures and professionalizes -- a necessary step for it at this time." Continue reading >>

Bitcoin Eyes $15k In 2018, But Dont Ditch Forks: Interview With Ronnie Moas

Bitcoin Eyes $15k In 2018, But Dont Ditch Forks: Interview With Ronnie Moas

Bitcoin Eyes $15k in 2018, But Dont Ditch Forks: Interview With Ronnie Moas Investor Ronnie Moas shares his opinions on Bitcoins future, with a particular emphasis on the currencys many forks. Prolific stock picker Ronnie Moas has had success with Bitcoin price predictions this year. From $2000 to $5000 and $7500 - all of these have come true for the investor who was earlier than most in the financial realm to advocate for cryptocurrency propagation. Now, with an increasingly large number of subscribers eager to get his insight on whats next, Moas is delivering more surprising advice. Holding on to Bitcoin forks is among his recommendations for cryptocurrency success going forward, something which may well upset some of the more die-hard Bitcoin Core supporters. In an interview with Cointelegraph, Moas shared more about his perspective on prices, forks and Wall Streets entry into the market in the form of CME Groups futures trading next month. Cointelegraph: The investment community is still split regarding even Bitcoin's short-term price prospects. Where do you stand in regard to the next 6-12 months? How much optimism (or pessimism) is overkill? Ronnie Moas: In the next 6-12 months I expect that Bitcoin will make a push towards $15,000 (and possibly $20,000). I look at the Bitcoin price as Bitcoin plus Bitcoin Cash plus Bitcoin Gold by that calculation we [have already] hit $10,000 up from $2,570 when I recommended Bitcoin in early July. This is not a bubble and it is not irrational exuberance. Bitcoin is currently trading 80%-90% below where I think it's going in the next five years. If 1% of the $200 trillion currently in stocks, cash, gold and bonds [all overvalued] worldwide ends up in Bitcoin, then Bitcoin will hit $125,000. An argument can be made that Bitcoin Continue reading >>

What Are Some Predictions For The Ethereum Price By 2018?

What Are Some Predictions For The Ethereum Price By 2018?

What are some predictions for the Ethereum price by 2018? I think there is a good chance Ethereum will be $500 by the beginning of 2018. Even though the price of Ethereum has already appreciated significantly in 2017, there is still significant upside from current levels. Rather than focusing on the price for now, lets look at the following charts: There were 38,730 transactions Ethereum blockchain on 1/1/2017 and there were 140,135 transactions on 5/17/2017. That is 262% growth in less than 6 months! While its foolish to extrapolate trends ad infinitum, its not hard to imagine that there could be another 200%-250% growth in transactions by the end of the year. Cryptocurrencies, like social networks, have extremely strong network effects. As the adoption of Ethereum continues to grow, its utility and value will grow exponentially. There is compelling evidence of this if we look at Bitcoin. On 5/16/2012 there were 14,892 transactions on the Bitcoin blockchain and 317,527 on 5/16/2017. That is a growth rate in transactions of 2,132% over the course of 5 years. Impressive right? Complete Bitcoin's Price Chart with Related Historical Events The price of bitcoin was $4.99 on 5/15/2012 and $1726.46 on 5/16/2017. During the same 5 year period, the price of bitcoin increased by 34,598%, outpacing transaction growth by a factor of 16.2. If you ignore the Mt.Gox manipulated price spike in 2013, you can repeat this exercise over any time frame and the result will be the same price increases exponentially relative to transaction growth. In fact, the price increases at slightly less than the rate in transaction growth squared. If we take the estimate of 2-2.5x growth in transactions by the end of the year and square it, we get 45.25x price appreciation. Applying that to the current Continue reading >>

Is Ethereum Undervalued Or Overvalued In Your Opinion? : Cryptocurrency

Is Ethereum Undervalued Or Overvalued In Your Opinion? : Cryptocurrency

No pumping, shilling, or FUD (fear, uncertainty, doubt). Do not use multiple sockpuppet accounts to manipulate votes to achieve a narrative. Do not solicit, complain about, or make predictions for votes. Do not incite or encourage illegal activities. Content promoting leaks, buying/selling drugs, tax evasion, etc will be removed. No malware, spyware, phishing, or pharming links. Do not post addresses or seek donations without pre-approval from the moderators. Pre-approval is granted in only the most extraordinary circumstances. High-quality submissions are encouraged. Baseless price speculation, shilling, repetitive posts et cetera are removed. "Recommend a coin" can be discussed on the daily thread. See our Expanded Rules wiki page for more details about this rule. Do not reveal personally identifying information(PII), otherwise known as doxxing yourself. Divulging how many coins you own can make you a target of hackers and identity thieves. Do not doxx other redditors even if they engaged in an illicit activity. Report them to the mods instead. Do not steal content, also known as scraping or plagiarizing. Submitting links to blogs or news sites which are notorious for this activity will result in suspension or permanent ban. Use this tool to help determine if content is stolen or not. Idealogical posts or comments about politics are considered nonconstructive, off-topic, and will be removed. Exceptions will be made for analysis of political events and how they influence cryptocurrency. No clickbait. Titles cannot be misleading. They should accurately represent the content being linked. No low-effort content typically characterized by low character count, all caps, & banal wording. Example: "SELL SELL SELL!!!", "BUY!!", or "MOON!" See our Expanded Rules wiki page for Continue reading >>

Top 5 Cryptocurrency Projects To Watch In March 2018

Top 5 Cryptocurrency Projects To Watch In March 2018

Top 5 Cryptocurrency Projects to Watch in March 2018 Ah, March. What a perfect opportunity to draw parallels between springtime flowers blooming and beautiful blockchain projects likewise blossoming and thriving. Well, maybe its not the best analogy, but you get the point. The crypto space is developing at a fever pace, and we aim to do the work of researching projects that are especially active so that you can get in on the excitement. Lets not waste any time. Without any further ado, here are 5 cryptocurrency projects that well be keeping a close eye on in March. Well get the obvious pick out of the way first. As many of you may already know, there will be a new cryptocurrency being airdropped to holders of Ethereum Classic (ETC) at block 5,500,000 which is estimated to occur on March 5, 2018. The new coin is called Callisto (CLO). The aim of the project is to incentivize users to hold coins, thus creating a decentralized store of value as a result. This is done through a concept called cold staking . The simple explanation of cold staking is that it is used to pay dividends to participants who hold coins without requiring them to do anything else. In other words, there is no voting requirement to earn the rewards, nor is there a requirement to run a node. Just hold and youll earn interest. With Ethereum being the dominant platform for dapp development, Ethereum Classics role is supposed to be more geared towards store of value. However, there is currently no incentive to hold ETC beyond pure speculation. Callisto will be a good experiment to see if cold staking is an effective strategy, in which case it could be employed by Ethereum Classic itself sometime down the line. If you were paying attention during some of the other notable hardforks and airdrops in the cryp Continue reading >>

Undervalued Cryptocurrencies To Watch In March 2018 (opinion)

Undervalued Cryptocurrencies To Watch In March 2018 (opinion)

Undervalued Cryptocurrencies To Watch in March 2018 (Opinion) March is around the corner and its time to start preparing your trading strategy for the month. A great technique is to go into every investment with a game plan. It is always good to distinguish your investments between short and long-term holdings. In this piece, I highlight 2 cryptocurrencies that potentially have a strong month ahead and could be quality short-term swing trades: Ethereum Classic (ETC) and Kyber Network (KNC). ETC is due for a run. Their development team has been hard at work on the Callisto project. Callisto is an airdrop that is scheduled for March 5, 2018. At the time of writing, only Coinomi, has announced support for the airdrop, but this could likely change in the coming days. It would not be surprising if a major exchange such as Bittrex or Binance announced support for the Callisto airdrop as well. Very often, airdrops cause positive price action in the cryptocurrency market. We saw it last year multiple times with Bitcoin, and we saw it a few months ago with $NXT in the period leading up to the $IGNIS airdrops. The chart below shows $NXT before the $IGNIS airdrop: An airdrop is not a 100% guaranteed indicator that a cryptocurrency is going to increase in price; however, it is a trend worth noticing. The trend usually proves to be more consistent when it is a quality coin, and Ethereum Classic fits the bill. Besides the airdrop, ETC has a wallet release scheduled for March 31, a mobile wallet release in April, ETH compatibility potentially by the summer, and a slew of Coinbase listing rumors. Also, it doesnt hurt that ETC is sitting at relative lows when compared to BTC/ETC and ETH/ETC ratios. As you can see in the charts below, these low ratios mean that the potential upside is t Continue reading >>

Ether Price To Head Towards $1,500 In 2018

Ether Price To Head Towards $1,500 In 2018

Ether Price to Head Towards $1,500 in 2018 by Dmitriy Gurkovskiyon Friday, December 22nd, 2017 12:08am UTC Leave a comment Currently trading at $825, Ether price is likely to be pushed straight away, breaking through $1,000 to as high as $1,500 in Q1 2018. It took Ether just a single week to reach the target we outlined on Dec 14, within the range of $820-$850, with the digital currency now trading at $825. Looks like, technically, the overall scenario has been confirmed, as an ascending trend gains momentum despite the latest correction. For now, one should watch the price moving around $815 in the short term (within a week), which is an important support level. Nonetheless, the market may push the price straight away, with the target being $925 quite near the very important level of $1,000. There also could be a negative scenario, with Ether falling to $815 and, if the support breakout occurs, it is likely to fall all the way to $685. In an even worse case, Ether may sink to $534, which is a trend line. However, the most likely story is that Ether will continue rising and gaining more market cap. Once it hits $1,000 and remains there, there will be many more Ether fans around. Still, a good liquidity rise may only occur in case Ether derivative (like those of Bitcoin) are announced. The investors do not like the story currently happening at CME, perhaps because Bitcoin looks overvalued now, with the growth rate over the last 10 weeks too high even for the most optimistic traders. Ether is a different story: theres no bubble about it, but there are some state-of-the-art technologies and, perhaps, an unlimited potential of those instead. Ether cost $8.04 on Jan 1, 2017, while the current price is $820.91, and this is stunning. The digital currency exploded in growth af Continue reading >>

Bitcoin 2018: Prepare For Major Value Crashes

Bitcoin 2018: Prepare For Major Value Crashes

Bitcoin 2018: Prepare for Major Value Crashes Bitcoin 2018: Prepare for Major Value Crashes // -- Discuss and ask questions in our community on Workplace . For all the euphoria of the past 12 months, the path forward wont be easy, strategists warn. With bitcoin prices reaching unheard of levels, the fear of missing out is proving too strong to resist. In finance, herd mentality is rarely a viable (or even successful) long-term strategy. That was one of the key messages Wall Street analyst and founder of DataTrek Nick Colas conveyed last week when he argued that bitcoin would see wild fluctuations over the next 12 months. In his estimation, bitcoin can conceivably trade between $6,500 and $22,000 over the course of 2018. In the process, market participants can expect several crashes of 40% or more. Bottom line: bitcoin can rally to $22,000 and still be reasonably priced, or plummet to $6,500 and also be correctly valued, he told CNBC. We expect to see bitcoin trade for both prices in 2018. // -- Become a yearly Platinum Member and save 69 USD and get access to our secret group on Workplace. Click here to change your current membership -- // Bitcoin is in the process of becoming a great alternative currency, says Bubba Trading strategist Todd Horwitz, but getting there will be a long and painful process. For holders of the digital currency, this means more dramatic falls in value. In an interview with Bloomberg , Horwitz said: I would think that the bitcoin price is a bit of a bubble and I think you will see some more dramatic falls. But anytime we see dramatic falls you also see dramatic rises as the buyers try to get back in. He added: I do believe the cryptocurrency space is here to stay and I think its going to be a great alternative currency thats going to be used. Continue reading >>

Ethereum Undervalued, Bitcoin Overvalued, Says Metcalfes Law

Ethereum Undervalued, Bitcoin Overvalued, Says Metcalfes Law

Although there are suggestions ethereums and bitcoins valuation is largely speculative, data analysis has in fact shown strong correlation between the price of eth or btc and Metcalfes law of network effects. Data analysis has indeed shown such correlation is so strong in any other field [it] would be considered witchcraft. Bitcoins correlation with Metcalfes law; MA moving average. Ethereums correlation with Metcalfes law The analysis undertaken by Clearblocks is not at a level of scientific scrutiny, but they propose a new Price-to-Metcalfe Ratio (PMR), which can operate somewhat similar to a price-to-book ratio in equity analysis. They claim PMR appears to be a rather strong leading indicator that accurately predicted 3 of bitcoins largest corrections when using a PMR of 1.0 as the cutoff. Using a PMR of -1.25 we can also identify potential accumulation zones. The above suggests bitcoin was considerably overvalued in December and remains overvalued, with PMR under the green line suggesting a strong buying opportunity. For eth a PMR of 1.0 accurately predicted 4 of ETHs major corrections while a PMR of -0.25 appears to identify strong buying opportunities, the analysis says. The above indicates ethereum is in a strong buying zone, but its price short term can be affected by bitcoin with PMR failing to predict eths December crash because it was primarily due to bitcoin. That might suggest either the analysis is not wholistic, or that it does not take into account short term price movements, or that the market is being somewhat irrational in tying eths value to bitcoins when their fundamentals suggest a very different story. Continue reading >>

Can Ethereum Reach $6000 By The End Of 2018? - Quora

Can Ethereum Reach $6000 By The End Of 2018? - Quora

Can Ethereum reach $6000 by the end of 2018? Over $20,000 in your IRA or 401k? Here's how to move to Bitcoin. Open a Bitcoin IRA now for massive growth potential on a tax-deferred basis. Get a free info guide now. First, I own ETH and other crypto-currencies. Crypto currencies market is growing fast and is highly unpredictable. However, some facts make me believe it could: Lets do maths: 1 ETH can be bought tight now for 470$. To reach 6k, you have to multiply this value by nearly 12.75x, an increase of over 1000%! Now lets go back 1 year before the increase since 11/27/16 is 5166%. I agree that the amount of money required to re iterate this performance is huge but Big money incoming: btc futures are starting on dec 11th, eth futures will follow, bringing big money as CONFIDENCE in cryptos is increasing. ETH, unless BTC, is most sophisticated and could takes the lead in case of unsolvable problems on BTC (Im thinking about scalability problems, on txn fees aspect, but also in power requirement to mine, where ETH is working on Proof of Stake, (currently 0.13% of global electricity - google uses 0.01 to 0.02%)). FEATURES are still in development and we can expect a fully working ETH in 3/5 years, which will dramatically increase its value. ADOPTION and also AWARENESS also, is still low. And use cases are still very rare in everydays life. This a room for growth. Consider yourself as a early adopter, for real. These are pro that make me believe its not impossible. BTC will reach 10k soon and started under a cent. This is hard to believe but this is whats happening here. Now the cons, because Im totally aware that it can drop at any time, and I can list a few reasons here: Most of the market today is pure SPECULATION, I know whales and its a 100% profit mentality. Money w Continue reading >>

So You're Thinking About Investing In Bitcoin? Don't

So You're Thinking About Investing In Bitcoin? Don't

So you're thinking about investing in bitcoin? Don't So you're thinking about investing in bitcoin? Don't A collective insanity has sprouted around the new field of cryptocurrencies, causing an irrational gold rush. I know youre tempted, but dont be a fool Mr Money Mustache is a financial blogger. He retired at 30 by living frugally and consistently investing his paycheck Last modified on Mon 15 Jan 2018 13.57EST An investment is something that has intrinsic value, not speculative value.Photograph: Anadolu Agency/Getty Images Ive been watching this bitcoin situation for a few years, assuming it would just blow over. But a collective insanity has sprouted around the new field of cryptocurrencies, causing an irrational gold rush worldwide. It has gotten to the point where a large number of financial stories and questions in my inbox ask whether or not to invest in BitCoin. Lets start with the answer: no. You should not invest in Bitcoin. The reason why is that its not an investment; just as gold, tulip bulbs, Beanie Babies, and rare baseball cards are also not investments. These are all things that people have bought in the past, driving them to absurd prices, not because they did anything useful or produced money or had social value, but solely because people thought they could sell them on to someone else for more money in the future. When you make this kind of purchase which you should never do you are speculating. This is not a useful activity. Youre playing a psychological, win-lose battle against other humans with money as the sole objective. Even if you win money through dumb luck, you have lost time and energy, which means you have lost. Bitcoin and cryptocurrencies 'will come to bad end', says Warren Buffett Investing means buying an asset that actually creates Continue reading >>

Ethereum Alumni And Cardano Creator Predicts A Cryptocurrency Market Crash

Ethereum Alumni And Cardano Creator Predicts A Cryptocurrency Market Crash

Ethereum Alumni and Cardano Creator Predicts a Cryptocurrency Market Crash Join our community of 10 000 traders on Hacked.com for just $39 per month. The creator of cardano portends that the cryptocurrency markets will undergo a serious correction that will help weed out projects with poor fundamentals. The 2017 market run-up injected hundreds of billions of dollars worth of capital into the cryptocurrency ecosystem, but many industry observers believe that the rally has been indiscriminate and could trigger a crash as investors gradually recognize that many projects have poor fundamentals. My personal opinion is that were going to see a consolidation after a crash, ethereum co-founder Charles Hoskinson told CNBC in an interview Friday. Hoskinson served as chief executive of the ethereum project during its early stages in late 2013 and early 2014. At present, he heads blockchain research firm IOHK, which is best known for its development of Cardano , which currently ranks as the fifth-largest cryptocurrency by market cap. The developer said that he believes the sheer number of cryptocurrencies with poor fundamentals makes a crash inevitable, as many of these projects are wildly-overvalued and ultimately unsustainable. The latest punching bag for analysts who share this opinion has been Dentacoin , a self-described blockchain solution for the global dental industry that currently boasts a market cap of $1.5 billion. Whats going to occur is a lot of these ventures that dont have strong fundamentals, dont have good tech, or just unrealistic projects, they will eventually run into some major wall they cant quite overcome, Hoskinson said. They will fracture up and you will see a lot of them are certain to fail. This, however, could not be realized for some time, as many pro Continue reading >>

With Cryptocurrency, Buy The Substance, Sell The Hype

With Cryptocurrency, Buy The Substance, Sell The Hype

With cryptocurrency, buy the substance, sell the hype Image Credit: Wit Olszewski / Shutterstock The prevailing wisdom for cryptocurrency founders is that you win through hype: talk like an infomercial, parade clownish speakers around conferences, and attack critics relentlessly for spreading FUD . That approach works; many aggressive entrants have muscled their way to the top of the charts with these tactics (you know who you are). But theres another approach thats less talked about and just as widely employed, one that cryptocurrency founders and investors need to pay attention to: anti-hype. Ethereum recently fell from second place to third place in market cap. That was big news, but outlets are covering it wrong. The story isnt that Ripple beat Ethereum, its that Ethereum is playing the anti-hype game. It would be trivial for Ethereum to flex its muscle and rally past Ripple, perhaps even past Bitcoin itself. They power almost every cryptocurrency in the world and their founder, Vitalik Buterin, is the closest thing to a blockchain figurehead. But instead of talking up Ethereum on TV or making blustery statements about how Ethereum will disrupt this or that, Buterin calls token sales overvalued, lambasts bad actors, and makes statements like these: *All* crypto communities, ethereum included, should heed these words of warning. Need to differentiate between getting hundreds of billions of dollars of digital paper wealth sloshing around and actually achieving something meaningful for society. Vitalik Buterin (@VitalikButerin) December 27, 2017 Then theres Litecoin founder Charlie Lee, who recently announced that he was liquidating all of his Litecoin holdings. That action sent the price of Litecoin into freefall as speculators no longer wanted to bet on a founder wh Continue reading >>

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