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2 Big Reasons For ETH Optimism

Aug. 07, 2018 8:57 AM ETEthereum USD (ETH-USD)1 Comment


  • Ethereum has been pulled down with the rest of the market, but it still has signs of life that are worth an investment eye.
  • Mass adoption has marched own, with tech advancements that are pushing ETH smart contracts closer to reality.
  • Regulatory bodies have been positive for ETH to continue forward in 2018 and beyond.
  • Price fundamentals look like they could give ETH some room for price growth as well.
  • Members of my private investing community, The Coin Agora, receive access to my breaking news coverage of this idea. Get started today >>

Since hitting a record high of $1400 at the beginning of the year, Ethereum, the second largest cryptocurrency, has struggled like the rest of the other crypto coins. Since then ETH has lost over 70% its value. However, recent developments indicate a rally may be imminent which might see the token reclaim its former glories.

Below we will look at two main reasons why ETH is undervalued. It’s my belief that ETH price has been dragged down as a correction from the massive spike, and with a crypto market ripped up by hacks, manipulation, and other malevolence.

  1. Mass Adoption of the Ethereum platform

Steven Nerayoff, the Ether token co-creator at the start of the year said he expected the price of Ethereum to triple by the end of 2018. This was because many businesses were looking at the Ethereum protocol and asking themselves how it can benefit them.

Speaking to CNBC fast money he said:

“What you’re seeing with Ethereum is exponential increase in the number of projects — there are billions of dollars being poured into the ecosystem right now — maybe 10 times more projects this year than last year, which could easily lead to a doubling, probably a tripling in price by the end of the year.”

He attributed the increased adoption to the platform’s ability to carry out cheap and quick transactions when compared to its rivals.

To ensure this was possible, in May, Ethereum developers released Casper, a protocol that combines the Proof-of-Work and Proof-of-Stake algorithms and in the process makes it easier to create Ethereum blocks and also it reduces the complexity of entire blockchain. (This is also a solution that could directly apply to Binance CEO Zhao’s comments this month about ETH’s speed...Though in a toast of support, Binance recently

ChartEthereum Close Price data by YCharts

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This article was written by

Leader of The Coin Agora
Researching blockchain technology to build high-upside crypto portfolios

We're a team of investors who build diversified crypto portfolios. We have a long-term, macro focus with an opportunistic mindset. If it relates to crypto, whether it be tokens, NFTs, blockchain technology, etc., we provide the best-in-class research on it.

We've been writing on Seeking Alpha since 2012 and shifted to become Seeking Alpha's FIRST crypto writing service in 2014. Our crypto investment journey started that year with our first bitcoin investment at $400 a token. When Ethereum entered the scene, we were able to place our first trade at $91 a token. From then, the blockchain and crypto ecosystem has exploded and we've been hooked not just on incredible investment returns, but the life-changing potential of the underlying technology. At our core, we believe blockchain technology has the ability to make the world a better place.

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Analyst’s Disclosure: I am/we are long ETH-USD. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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