Razor1911
Active member
The crypto market is growing day by day. The steep climb of bitcoin from the price if 9000 to reach its all time high of 67000 was remarkable. It had multiplied it's investors money multifold. But once the leader of the crypto market, is in difficult situation now. It fell by almost 40% from the all time high and now trading near 36000 mark.
It has become quite a task for bitcoin to move up. Firstly because it has very high marker cap, so to increase its price, heavy push is required, which is unlikely at current scenario. So in place of bitcoin, the second market leader, Ethereum may play its role.
The market price of Ethereum is still around 2400 usd. So It has more space to jump from the current level. So for long term, it might turn out to be the next gem.
It has become quite a task for bitcoin to move up. Firstly because it has very high marker cap, so to increase its price, heavy push is required, which is unlikely at current scenario. So in place of bitcoin, the second market leader, Ethereum may play its role.
The market price of Ethereum is still around 2400 usd. So It has more space to jump from the current level. So for long term, it might turn out to be the next gem.