BEST EXAMPLE FOR THE TYPE OF GROWTH YOU AS AN INVESTOR WANT TO SEE WHEN ALMOST EVERY OTHER WANNA BE CRYPTOCOIN IS BLOWING UP IS THAT OF ETHEREUM FOR THE LAST WEEK.
FOR A MOMENT IN CRYPTOTIMES WE SAW ETHEREUM RECOVERING FROM THE LAST TAKE DOWN TO THE 160 $ RANGE TO AROUND THE 320 $ PLUS AREA. FROM THAT POINT ON ETHEREUM HAS MADE STEADY GAINS OF 1-3% PER 24 HOUR TIME FRAME WHICH IN CRYPTOSPHERE TERMS IS LIKE ALMOST GOING BACKWARDS
BECAUSE ETHEREUM AND OTHER ONES HAD ALSO EXPERIENCED JUMPS OF MORE
THAN 50, 100 OR EVEN 200+% IN ONE DAY BEFORE BUT OF COURSE TO GET A
PERSPECTIVE ETHEREUM HOLDS THE SECOND LARGEST MARKET CAPITALIZATION
IN THE CRYPTOSPHERE FOR AGES ( IN CRYPTOTERMS ) WITH 34 BILLION $ NOW.
FOR THE MOMENT ETHEREUM STEPS OUT ITS STEADY PATH AND SEEMS TO GO FOR
THE RECORD HIGH OF THE 13TH OF JUNE 2017 WHEN IT WENT UP TO OVER 400$ BUT
THAT COULD ALSO BE THE RESULT OF WHAT WAS HAPPENING THE LAST WEEK OR
TWO THAT WE SAW THAT STEADY GAINS. MAYBE TRADERS WERE SLOWLY BUT
SURELY ACCUMULATING AND THEREFORE GETTING TRACTION TO THE POINT
WHERE WE NOW MIGHT SEE THE RUN-UP TO THE FORMER ALL TIME HIGH AND
BEYOND.
WITH 389$ ETHEREUM IS ONLY A FEW DOLLARS SHORT OF THAT RECORD
BENCHMARK.
AS TO WHAT THE REASON BEHIND THAT MOTION I CAN ́T GIVE ANY SPECIFIC HINTS. THERE IS NO HUGE EVENT OR BIG NEWS LATELY THAT COULD HAVE CAUSED THIS EARLY RUN-UP. I WOULD HAVE THOUGHT TO SEE SOME SPIKES LEADING UP TO METROPOLIS FORK ONE CALLED BYZANTIUM OR THE ETHEREAL ON OCTOBER 27TH OR DEVCON 3 IN NOVEMBER 2017 CONFERENCE. BUT I ́M NOT EXACTLY SURE AS TO WHETHER THESE MAJOR NEWS AND EVENTS ALREADY HAVE AN IMPACT ON THE PRICE OF ETHER- I DON ́T KNOW.
