Towards the end of last month, the Ethereum SEC saga started again. People started asking; is Ethereum a security? This question became one of the most popular questions in the cryptocurrency space last month because the Ethereum price prediction 2019 became positive and investors wanted to be sure of what they were getting involved in. However, this morning, Ethereum’s Vitalik Buterin announced that he was removing himself from the Ethereum project to ward off talks of Ethereum being a security and put the Ethereum SEC saga to rest.
Ethereum Price Prediction 2019: Vitalik Buterin Steps Down Over Ethereum SEC Saga In Epic April Fools Joke
The post was from a Vitalik Buterin Twitter handle named “Vitalik the Ethereum-giver”. However, it has caused a lot of panic within the space for a while. The tweet stated that he was leaving Ethereum to focus on #verge 2.0, another blockchain based project. He said that stepping down will decentralize the Ethereum blockchain even more. This will help put the Ethereum SEC saga to rest.
Shortly after the post was published, a picture of Justin Sun and Vitalik Buterin emerged. In the picture Buterin stood in front of a picture of Justin Sun, the founder of Tron. The caption implied that Vitalik was giving Sun the mantle of authority to lead the world into a decentralized future acknowledging that Ethereum had lost to Tron. This is according to an April Fool’s post on U°Today. This post was shared by the regular Vitalik Buterin handle as seen below. Sun quoted the Tweet with the words “I love you”.
Ethereum Price Prediction 2019: What Does This Mean For Ethereum? Will Ethereum Recover?
Keep in mind that the Ethereum Foundation did not confirm this information as it is all part of a joke. However, let’s assume that the information is accurate. What does this mean for Ethereum? For starters, the Ethereum SEC Saga might come to an end if Vitalik Buterin is no longer standing as a figurehead who represents the owner of the blockchain so to say. Stepping away from the project would make it appear more centralized than it current is and attract more investors.
On the other hand, this is the kind of news that can lead to a sell-off due to panic. Already, many cryptocurrency traders said that they will stay away from trading before they realized that it was all a joke. If Ethereum’s Vitalik Buterin really steps down from the project and sells off his ETH Holdings, the effect may be catastrophic. Rather than see it as an act of goodwill, many people will see this move as an exit scam. Besides, let’s be realistic, Buterin will never hand over the cryptocurrency world to Tron’s Justin Sun. A while ago, Buterin made it clear that he doesn’t consider Tron a competition to Ethereum stating that he would lose hope in humanity if Tron ever kicked Ethereum out of business.
Ethereum (ETH) Price Today – BTC / USD
At the time of writing, Ethereum (ETH) was trading at $142.43. This shows that it is up by 0.64% against the USD and down by 0.47% against BTC. The 24 hour trading volume is $4,563,025,862 and the market capitalization is $15,022,751,261. The next target for Ethereum is $148. Crossing the resistance at $148 will help it build enough momentum to move above $200.
What do you think about the April Fool’s joke? If Buterin really stepped down from Ethereum how would it affect the Ethereum price prediction 2019 and the Ethereum security status? Feel free to share your comments below.