Ethereum Price Surges Briefly After Elon Musk And Vitalik Buterin Have A Controversial Twitter Conversation

Ethereum price prediction 2019 has been a mixture of bearish and bullish waves for the past few months. At first, everything was positive. Ethereum was rising significantly against the USD due to a combination of factors like the Ethereum Constantinople hard fork anticipation about Serenity and the general positive sentiment in the market. The second largest cryptocurrency per market capitalization went from double digits in December to triple digits in January. In the first week of April, the price of Ethereum moved above the the $180 level and everyone was sure that it would cross $200. Unfortunately, that didn’t happen. The price of Ethereum started falling against the USD just like the rest of the cryptocurrency market. This morning, the price of Ethereum quickly went from red to green following a conversation between Tesla’s Elon Musk and Ethereum’s Vitalik Buterin.

Ethereum Price Prediction 2019 – Ethereum News Today – Ethereum Price Forecast – Elon Musk And Vitalik Have A Little Chat On Twitter

Everyone who is active in the cryptocurrency community knows that the CEO of Tesla, Elon Musk is a fan of cryptocurrencies. A while ago, Elon Musk made a statement about Dogecoin that gave it a significant boost in price. This morning, Elon Musk simply tweeted the word ‘Ethereum’ through his official handle. Replying to the tweet, Ethereum’s Vitalik Buterin used the opportunity to invite Musk for the upcoming developers conference which is scheduled to take place in October in East Asia. In his words;

“You should come for our Devcon in October”.

Replying to Buterin, Musk typed; “stop giving out free ETH”. You see a while ago, there was a popular cryptocurrency scam on Twitter. Verified Elon Musk handles were offering unsuspected users free ETH. While Musk’s reference to the cryptocurrency scams seem unrelated, an article from thenextweb.com suggests that this Musk’s comments may all have been part of a joke. The writer compared it to what happened a while ago when Musk talked about his company’s earnings and got into trouble with the SEC. In his defense, that tweet was part of a joke to impress his girlfriend.

Musk only settled that issue last week and was given details of the kind of posts he should show a lawyer before posting to avoid getting into trouble for posting misleading comments. Meanwhile, he has to reassign as the chairman of Tesla because of the saga.

Ethereum Price Prediction 2019 – Ethereum Current Price – Ethereum News Today

At the time of writing, the price of Ethereum was $159.24. It is up by 1.88% against the USD and up by 1.77% against the price of BTC. The trading volume over a 24 hour period is $6,470,623,095 and the market capitalization is $16,859,304,818. It was red just before Elon Musk posted the word ‘Ethereum’ on his Twitter handle. Keep in mind that the price of Bitcoin and many other cryptocurrencies are still red against the USD and Ethereum may be the cryptocurrency to fuel the next cryptocurrency bull in the market.

Ethereum (ETH) Price Today – BTC / USD

#NamePrice24H %
2
ethereum
Ethereum(ETH)
$166.54
-4.26%

What do you think? Is there a direct relationship between the comment from Elon Musk and the sudden rise in the price of ETH? Share your thoughts about the Ethereum news, and Ethereum price prediction 2019 in the comment section below.

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.