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Investors of the second-largest cryptocurrency, Ethereum might be worried about the future trading value of ETH. As a prominent Bitcoin analyst Max Keiser predicted the Ethereum will drop to almost twice lower than the current $170.
Ethereum Price Facing 46% Price Drop
At the time of writing, ETH is holding the market capitalization of $18,285,981,429, quietly surging with 0.14 percent within the past 24 hours. Nevertheless, it trades at just $170.05 against the USD but the Bitcoin proponent Max Keiser believes it may decline down to $90.
If Keiser’s prediction is believed to be true, the price will theoretically decrease with around 46 percent from its current trading value of $170.
In another tweet, Keiser shared a quick stat of the dominance. As per the Coinmarketcap, Bitcoin is hovering the dominance of 70 percent and Keiser’s tweet hints that the “ETH dominance is heading under 5%”.
Keiser’s ETH prediction comes in a wake of Vitalik Buterin’s report of Ethereum blockchain who recently asserted that the ETH blockchain is almost full. He further claims that for some users, ETH transaction may get too expensive. Although Keiser is long-term investors with quite a bullish view on king cryptocurrency Bitcoin, his views on Ethereum wasn’t well-received by the community. One Twitter user quickly responded to Keiser’s tweet stating that he doubts;
Besides Ethereum, Max Keiser also discussed the possible performance of the Altcoins and notes that the altcoin market is dying. He further justified his statement by outlining that Bitcoin’s hash rate hit an all-time high. Pin articularly targeting at BCH and BSV, Keiser claims that these two tokens are vulnerable as Bitcoin’s dominance and hash rate is growing
New ATH for #Bitcoin hash rate as alts die and players position themselves strategically ahead of BTC’s move back to 85% dominance. BCH and BSV are particularly vulnerable. ETH heading back to $90.
Whether ETH drop to $90 or surge above $170 is still a matter of time as the crypto market is too volatile in nature.
So readers, what’s your take on Keiser’s view on ETH’s next move? Let us know in the comment below