Ethereum has been silently leading the way.

Ethereum has been silently leading the way.

By MadMaxx | Psycho Crypto | 17 Apr 2020


I'm at least 50% sure that no one noticed Ethereum throughout all this ruckus.

And for good reason too. Ethereum hardly gets any press or publicity. But it's a real banger of a coin.

Many people say that Ethereum is only still alive because of the smart contracts it runs, as well as the other cryprocurrencies based off of it's ERC-20 protocol.

I believe that this is false. Ethereum is on its way to becoming the global computer it hopes to be, and having an interconnection of cryprocurrencies, smart contracts and even crypto vaults all being based off of the ERC-20 protocol only adds to that goal. I'm an ethereum believer myself, and 58% of my portfolio consists of ETH and 5 other ERC-20 based tokens.

That aside, ETH has actually been the biggest gainer so far, with over 18% in total gains if you bought at the swing high and sold at the swing low.

Although this bullish action is dwindling in my opinion, I feel that Ethereum would likely lead the way to ATH first, and then Bitcoin and the  rest would follow.

If you read my post yesterday however, you'd have seen that I felt the volume dipping was a bad thing. I still stand by that judgement.

Ethereum may take a crack at short term support before continuing its rally later on. 

Most of crypto twitter had said that a new all time high is in for BTC. With ETH breaking out of its correlation with BTC, I'm feeling a $250 vibe for ETH as its all time high for this year.

I have yet to back this up with TA, but that's my gut feeling for now.

Thanks for reading!

PS: I am currently running a giveaway contest for all my loopring earnings! Check my previous post for more information.

 

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MadMaxx
MadMaxx

In the eternal quest for crypto fulfilment. I'm an obese frog on the internet, what I say most definitely isn't financial advice.


Psycho Crypto
Psycho Crypto

Fun experiments with crypto!

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