The awareness of cryptocurrencies has increased enormously over the past few years. Many thought it was a fraud when it newly emerged in the tech space. However, today, digital currencies provide one of the best investment opportunities in the world. Digital currencies have changed the story of many and now the use and adoption of digital money are on a rapid increase. Bitcoin (BTC) was the first crypto to emerge in the space. Since then, there has been an influx of coins in the market. At the press time, there are more than 2,400 digital currencies in the market, according to CoinMarketCap.
Nevertheless, some digital currencies have proven to be better, useful, and more relevant than others. One of the most outstanding digital currency so far is Ethereum (ETH). Ethereum is the second-largest digital currency by market cap. It is also the second most dominant digital currency in the market, after Bitcoin (BTC). Ethereum has also yielded a great return on investment for many digital asset investors. The digital currency tested its all-time high of $1,400 in December 2017. The digital currency plunged below that level after then. Since then, ETH USD price has not tested the $1k level. However, a recent survey reveals that the crypto community still have faith in altcoins and ETH USD price will revisit the $1k level again.
Ethereum (ETH) Price Today – ETH / USD
Ethereum (ETH) Price Will Test the $1k Range Again Says 54% of the Crypto Community – Ethereum Price Prediction – Cryptocurrency Market Update
A recent poll carried out on the 10th of August by an Altcoin Trader’s Handbook author Nik Patel revealed that the digital currency community on still has faith in altcoins. About 54 percent of the people that partook in the survey said that they believe the price of Ethereum (ETH) will surge over the $1,000 range again. Ethereum (ETH) is the king of altcoins. However, the digital currency has lost a huge fraction of its value to the ‘Crypto Winter’ seen last year.
After testing an all-time high of over $1,400, the digital currency plunged and even traded below the $100 mark towards the ending of 2018. Ethereum even started this year with a very low price but is now trading over the $200 level, which is still very poor compared to its value in December 2017 and early January last year.
Will Bitcoin (BTC) Allow the Altcoin Market to Thrive? – Cryptocurrency News Today – Crypto Market Update
Over the past couple of weeks, the altcoin market has been struggling. The king of crypto – Bitcoin (BTC) – has been dominating the rankings and return on investments. The price of Bitcoin (BTC) surged significantly higher and left the altcoin market behind. BTC USD price surged and broke over the $12k level from around the $10k range in less than two days. Usually, a move like this will prompt a massive upsurge in the prices of other digital currencies. But this time around, Bitcoin (BTC) was the only one enjoying the moves.
This has made some crypto buffs believe that altcoins will no longer see the massive rallies seen in previous years. However, many still have faith in altcoins such as Ethereum (ETH) and they believe that the good old days will return and the price of Ethereum (ETH) will return to the $1k range.