Despite small fluctuations in the price of ETH, there’s been very little to get excited about over the last 14 months. The markets may be in the green today, but a spike just of 0.50% isn’t exactly thrilling when you consider that just a little over a year ago, ETH was flirting with highs of $1,400. Not to worry though, at Digitex, we’re extremely bullish on Ethereum. Here’s why the world’s best altcoin will rise again to higher heights again soon.
The Price of ETH Has Been Manipulated
Being the back end of around one-quarter of all tokens, if ever there were a cryptocurrency whose price could be manipulated, it’s Ether. The price of ETH tanked by 93% in a year, and, being the ground-breaking technology that it is, that isn’t simply bad luck.
Digitex Futures CEO Adam Todd firmly believes that ether has been manipulated by large players and vested parties with an interest in pushing it down. Take EOS as a prime example of a bunch of crypto whales with an inside interest in manipulating its price.
Adam explains, “The price is artificially low now. EOS had a big hand in just smashing ether down. They were raising money in ether and then just smashing it to send the price down on purpose.”
Let’s not forget the multitude of failed ICO projects that also dumped their ETH all at once denting its price. As these weak hands and bad actors are shaken out and the manipulation comes to an end, Ethereum will find its real price. And that’s an awful lot higher than it is now.
In fact, Adam believes that there is every possibility that ETH will “blast through” its previous ATH and could even reach as much as $2000-2,500 by the end of this year or into 2020.
ETH Is Primed for the Next Wave of Adoption
There are plenty of signs to indicate that the next cryptocurrency bull run may be on its way at last. While Ethereum providing the back end for a quarter of tokens in the space left it vulnerable to manipulation, there are two sides to this (virtual) coin.
When the next mass wave of adoption comes, there is no other blockchain so well placed to benefit from the accelerated DApp usage.
With some 200,000 developers already working on the Ethereum blockchain, and some of the smartest people in the industry (Vitalik and Poon, anyone?), Ethereum is going to rise again–big time.
Plasma Is the Solution to Ethereum’s Scaling Issues
We’ve always been particularly bullish on Ethereum at Digitex Futures. That’s why we didn’t think twice when Ethereum-approved Matter Inc. approached us to work with them as their first use case for Ethereum’s scaling solution.
We couldn’t be happier to be a part of this cutting-edge technology nor help the best blockchain to scale up for mass adoption.
We’ve mentioned many times about how we’re integrating Plasma technology into our stack to offer decentralized account balances. But not everyone knows just how advanced Plasma already is. The team is achieving a mind-bending 25,000 TPS by using a side chain. This type of innovation will ensure that Etheruum is ready when the time comes.
The Next Bull Run Is Coming
All of you traders and HODLers, get ready. We strongly believe that the next bull run is coming soon and it’s only a matter of time. But you can’t rest on your laurels. Adam advises not to miss a moment when it comes to crypto. He warns:
“There’s a big, big rise coming, the pop of all pops. These things when they go up they go up very fast. Things don’t go up in a linear motion, it’s very fast. In crypto you can’t even miss the best five days of the year… when it goes up it goes up, it’s crazy fast.”
So, keep your eyes open and make sure you’re always on top of the price action. Adam believes that Ethereum will easily smash past the highs of January 2018 and maybe even reach $2,000 by the end of this year, or some time into 2020.
We know that other analysts are more cautious, but the reality is that no one really knows for sure which way things will go. We just look at the facts. The price of ETH manipulation will end, its scaling solution will cause a revolution, it’s the back end of a quarter of all coins out there, and it’s preparing itself for a historic breakout.
What About DGTX?
With just over one month until launch, DGTX price will break out faster than ETH. ETH is still a mid-to-long game (if you consider six months to a year a long game). If you want a good chance to buy DGTX, we’re certain that this is the last time you’ll see it so cheap.
Hop on over to our Treasury page and sign up to our Telegram chat. Let us know your views on the price of ETH and ask any questions you have about our project. Happy trading!