Ethereum to double price in coming months? – Marty Russ
On May 14th the Bitcoin mining rewards will be cut in half, this is known as the “halvening”. If history tells us anything it’s that the price of BTC will exponentially increase leading up to or shortly after this event — this time maybe both. What’s lost in this hype however is the runner up to Bitcoins marketcap — Ethereum. Lately ETH has been held down, as of this writing the price is stagnant at the 120.00 ish range. This price is an amazing gift considering that Ethereum 2.0 is scheduled to release soon in 2020 and that the previous highs in Jan 2018 were around $1000–$1300. At the current prices Ethereum can deliver 10x profits minimum.
It’s no secret that little brother Ethereum moves with it’s big bro Bitcoin and if BTC is going anywhere, ETH is sure to tag along for the ride. Historically speaking, Ethereum has been known to post larger gains than Bitcoin. Even though BTC gets all the media attention and tends to steal the show, more millionaires were made off Ethereum than Bitcoin in previous runs. However I don’t think this will be such a secret this next run. With large corporations jumping into the blockchain frenzy as they find niche use cases, real world adoption mixed with a parabolic run will add fuel to the fire. If you’re still not convinced let’s pull a recent use case from Nike.
On December 10th, Nike filed a U.S patent and outlined a detailed plan that would digitize famous kicks as non-fungible tokens on the Ethereum blockchain. This will create a cryptographic digital asset on Ethereum’s decentralized blockchain network that is attached to a unique pair of shoes. After much research on the Jordan craze, Nike realizes that this will open up new avenues for creative design, increase collectibles of classic sneakers, and recoup the lost revenue from counterfeit trade.
Bitcoin may be the gold standard of blockchain, but Ethereum is becoming the leader and “go-to” for tokenizing digital assets. This real world adoption will be an additional catalyst that will fuel the next parabolic run in addition to hoarding due to Bitcoin’s halvening date. Bookmark this article, by this time in May ETH’s price will have at least doubled, if not more.
Published at Sat, 28 Dec 2019 02:36:12 +0000
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