Ethereum is a centralized crypto now, and the network is very important. Even more, in the next months, Ethereum, will develop projects for beta versions.
Ethereum(ETH) fights in popularity with Bitcoin but is considered a currency that lacks potential and recovery in price. However, ETH coin could become an instrumental currency in the future. That means that ETH will make disappear the weak price.
Centralized Crypto Ethereum
Recently, John McAfee declared about the strange connection between the indispensable coin, and its weakness on the markets:
Here’s what I find funny: Ethereum is trashed more than any currency, and yet no currency is more necessary and central due to It’s smart contract platform that is used by more than 50% of all new altcoins. It’s like everyone values water, but not the containers it is carried in.
In the last correction in the market, ETH went down below $400, but its recovery was very fast, and the price bounced to $397.30. The volume of trading for ETH was approximately $2 billion, that means the trading on markets increased with 12.3%.
Ethereum is an instrument for trading altcoins, but, in the future, you will be able to pay gas with ETH, to use it for certain apps and, also for some contracts. ETH survived in the past a correction of 75%, but it never was at BTC level.
Co-creator of Ethereum Steven Neyaroff declared recently that all the projects that imply ETH will increase its value up to three times than its current value.
Most movements of the price of ETH happen on speculation. But the people think that it will take some time until ETH will rank up a higher price. As ETH reached the price of $400, it is the same possibility to recover above $1,000 in the future.