ETH: more selloffs likely before another rise can be considered
Its been a rollercoaster ride for Ethereum. At one point it was hailed as the next big thing, the world computer that would solve problems real and imagined then came the DAO hack and then came the dumps.
Hard fork after hard fork has damaged the credibility of Ethereum as a reliable and immutable blockchain. It is likely that it will need to come down a lot more in price before it is seen as a value proposition to investors again.
If some of the promise of Ethereum becomes realised in the year ahead and proof of stake is implemented without a hitch ETH could very well rise again.
PS: I do not currently hold any Ethereum, this is simply an observation
Hard fork after hard fork has damaged the credibility of Ethereum as a reliable and immutable blockchain. It is likely that it will need to come down a lot more in price before it is seen as a value proposition to investors again.
If some of the promise of Ethereum becomes realised in the year ahead and proof of stake is implemented without a hitch ETH could very well rise again.
PS: I do not currently hold any Ethereum, this is simply an observation