Why should you keep watch on the Ethereum in 2019? Most of the people just focused on Bitcoins as well as ripple. Many of the people think that Ethereum would be able to cross the previous peaks much sooner as compared to Bitcoin or ripple. Owing to these reasons, it is important to watch out for Ethereum this very year. You need to keep in mind that Ethereum has a very strong fundamental technology which is underlying as well. Owing to this very reason, you have to keep in mind is that you should think about investing in Ethereum at the right levels.
You need to keep in mind that Ethereum provides the platform in order to not only execute smart contracts but also provide decentralized the software and applications as well. The demand for decentralized softwares and applications is increasing day by day. This is one of the main reasons why the value of Ethereum is also increasing.
Also, the smart contract feature of the Ethereum platform is on the rise as well. More and more companies, as well as platforms, are thinking of using such smart contracts as well. Even the governmental agencies are thinking of using such smart contracts in order to provide better governance to the citizens as well.
Also, a 3rd advantage which Ethereum platforms have is that many of the ICOs are actually using the Ethereum platform as well. As a result, more and more companies are using the Ethereum token as well. This is not only increasing the demand but also increasing the value as well.
Moreover, the margins in Ethereum mining are far greater as compared to some of the other cryptocurrencies as well. This is flocking in more and more miners as well. Thus, the overall scalability and potential of the Ethereum network is going through the roof as well. This is one of the main reasons why you should think about keeping Ethereum on your radar this very year as well.
Should i buy Ethereum 2019?
Thus, if you’re looking for a relatively more stable cryptocurrency to invest in, it is important to always look at the option of Ethereum. Ethereum is surely going to stand out this year as compared to some of the other cryptocurrencies which are already at an inflated value.
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Ethereum (ETH) at Risk of Drowning into the Double Digits
Ether is at risk of going into double digits because the next support area for the cryptocurrency is at the $100 position. There’s a psychological and technical support. Which is why the support line is very important. The last time ETH saw these levels was May 2017. At the time, the digital asset had formed a support of $91.
This clearly indicates that if the price of the digital asset breaks the psychological and technical support area of $100; it can drop to $91. This is the primary reason why it is crucial for the digital asset to retain the $100 support of area. The issue is that the downside momentum is ferocious to the point that it might break $100 as well.
Double digits for ETH is now becoming more of a possibility rather than an imagination. Hence, the reason why investors remain sceptical about Ethereum (ETH) considering the significant amount of value it has lost.