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I'd say two things at this point in time: 1) All-time high, it's pre-fork time, Bitcoin is still a long position, so people who have a lot of cryptocoins are tr
by fernandopj 9y ago
I'd say two things at this point in time:
1) All-time high, it's pre-fork time, Bitcoin is still a long position, so people who have a lot of cryptocoins are trying to expand their portfolio BTC %. And all new investors are coming to BTC. ETH, like every other altcoin right now, is being traded in favor of BTC, so no way value will go up pre-B2X.
2) ICO banning, regulations, and general uncertainty at new coins make Ethereum & ETH, as far as price speculation goes, a less favorable proposition, since its speculative driver (ETH for ICO) lost momentum. IMHO it's remarkable the ETH/USD price is still stable, hovering at US$300.