Hello Friends,
There are lots of people holding and trading in Ethereum. I want to share some more details about Ether.
Today is 2nd of July 2018. Let go exact 1 Year Back to 2nd July 2017. The Price of Ether was around $280, and it reached to $1411 after 6 month on date 13th January. Not Exactly but around 500% ROI was generated within this 6 Month. The main reason of explaining this situation is that Ethereum has all the capabilities to keep control over the market and can give much profit as compared to other Alt Coins.
The Next thing is, there was around Hundreds of ERC20 Token in July 2017, And Ethereum based ICOs have reached upto $700 millons, Which took Ethereum from $8 to $280 till July 2017.
Now Let go to current senerio, ERC20 token have now increased from Hundreds to Thousand, and still new ICOs are launching daily.
So you guys can understand that Ethereum is not working alone in the crypto world. More than thousands of Token have launched already and more are launching daily. Not directly but indirectly helping Ethereum to Run for a long with the Good Market Cap.
So What i think is, $5000 is not so far for Ethereum now. I just Suggest to HODL HODL & HODL.
Still you do your own Research before investing.
Follow and upvote me. And please share your comments and discussions.
RJ Finance
@rjfinance