• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
Breaking News: SEC Wants Blood: Coinbase Sued 1 Day After Binance
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
Bitcoinist.com
No Result
View All Result
Breaking News: SEC Wants Blood: Coinbase Sued 1 Day After Binance
Investors Will Regret Not Buying Ethereum at $200, Veteran Traders Says

You Will Regret Not Buying Ethereum at $200, This Trader Says

Ricardo Martinez by Ricardo Martinez
3 years ago
in Ethereum, News, News teaser
0

Crypto trader and Twitter commentator, Josh Rager, has pointed out that with all the bullish news around Ethereum, $200 may be a total steal right now. 


The deal of the century may be staring back at you

We'll look back in two years and talk about how sub-$200 $ETH was a gift pic.twitter.com/WhA0Y2tJAV

— Josh Rager ? (@Josh_Rager) February 5, 2020

Ethereum bulls can rejoice now that ETH has finally crossed back above the psychological $200 level after 5 long months. Veteran trader Josh Rager has made the salient point that at $200, ETH is still down -85.88% from it’s January 2018 all-time high of $1,417.38, and could be a great buy long-term.

Given the purge of many of the weaker projects from the platform over the crypto winter, the astonishing rise of DeFi, and the rapid pace of development on Ethereum 2.0, the #crypto seems primed for a moonshot.

Apart from the technical progress that’s being made, DeFi is creating a massive demand for ETH itself, which is the underlying collateral behind all of the DeFi smart contracts, like MakerDAO, Compound, Dharma, DyDx, etc.

All of these platforms allow users to access banking-like services through smart contracts with no middleman charging fees. They can lend, earn interest, trade, but it all needs ETH to back the smart contracts. We may see this demand cause prices to rise further.

Aside from the rising demand for ETH caused by the growth of DeFi, we might see a stampede of investors start a price war over trying to accumulate the 32 ETH necessary to participate in staking on Ethereum 2.0. Right now, staking is only live on testnets, like Prysm and Lighthouse, but as soon as it goes live on the Ethereum 2 mainnet, we may see some fireworks.

Will Ethereum investors start staking recklessly?

If the Lightning Network in its infancy was any indicator, Ethereum investors may catch a bit of reckless fever and start staking while the mainnet is still in beta development. We saw many Bitcoiners do the same thing with the earliest iterations of the Lightning Network, and funding payment channels with real BTC.

The Ethereum foundation just released a bunch of good news about the progress surrounding the audit of the smart contract for depositing ETH for Ethereum 2.0. The code has been analysed through formal verification, and has no obvious flaws.

Another huge announcement is the fact that 2.0’s beacon chain is being optimized for performance. The beacon chain will be the main blockchain that Ethereum 2’s various shards sync up to.

In addition to the technical progress made on the smart contract code, and beacon chain, Consensys and the Foundation are working out the specifics on standardizing the way that Ethereum 2’s shards will communicate and stay in sync with each other. This is a huge advance for Ethereum’s scalability improvements.

Ethereum’s limited scalability was one of the major bottlenecks in performance for the current iteration of Ethereum, one which Ethereum 2.0 aims to solve.

What do you think about Ethereum at 200, buy or dump? Let us know in the comments!


Images via Shutterstock, Twitter @Josh_Rager

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Ricardo Martinez

Ricardo Martinez

Related Posts

Ethereum (ETH)

VanEck Says This Is When Ethereum (ETH) Will Reach $11,800

1 day ago
Ethereum

Ethereum Bearish Signal: Profit-Taking Transfers Spike

1 day ago
Ethereum

Bullish Signal? Ethereum Average Fees Declines 69% Since Early May

5 days ago
Ethereum Deribit

Ethereum Open Interest On Deribit At A 3-Year High

7 days ago
Ethereum (ETH)

Long Dormant $14.7 Million Ethereum ICO Wallet Surfaces After Eight-Year Slumber

1 week ago
Ethereum (ETH) Whales

Ethereum Whales On The Rise, Acquire Over $9 Billion ETH In 2023

1 week ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Play Finance

Now Trending

  • Whale Power Unleashed: Mooky Emerges as the Rival Meme Coin...

    5 days ago
  • Exploring the Meteoric Rise of Mooky: Could It Be the Next...

    5 days ago
  • Discover the Next Big Thing: Mooky.io Presale Boasting Fair...

    5 days ago

Top Casinos

Trust Dice
Trust Dice
Punt Casino
Punt Casino
mBit
mBit
1xBit
1xBit
K8
K8

Press Releases

  • MOOKY Price Prediction – the next Dogecoin (DOGE)?

    3 hours ago
  • Here’s why DigiToads (TOADS) and Floki (FLOKI) Remain...

    3 hours ago
  • Top 6 Crypto ICOs to buy now

    4 hours ago
  • Double The Value of Your Crypto Portfolio This Summer...

    7 hours ago
  • AiDoge Presale Hits $12 Million, but Could Chancer Be the...

    8 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance

© 2023 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.