Hello friends,
I am doing good, and I hope that you are having a good time with your near and dear ones.
It was expected that after the upgrade we see the price drop for the Ethereum coin. This is because ETH coins will be unlocked post the upgrade and because of this many people would think about selling and booking profit. Normally it happens when our to comes are locked for a certain period and once it is unlocked then people rush to sell off a book profit.
This is a normal phenomenon but seems like the situation is different this time as I have not seen the impact on the pricing the prices are going upside. The current price is more than $2000 even now and the upgrade has already been implemented. I don't know what to say because now it is hard to predict whether we are going to see the impact of unlocking on the market. Maybe it happens but we cannot predict when it is going to happen it is the Crypto market so things can go unexpected sometimes.
If you look at the below chart then you can see that there is flight correction as of now, but the price was still in the trending momentum and even now it seems it will grow further because the chart is doing well. Apart from Ethereum, Bitcoin is also doing well and able to maintain its level beyond 30000. There was a slide deep in the price but then it was recorded, and it is again back to normal. I am not sure if we can expect the Bitcoin price to go further and it is even difficult to say if this can go beyond 40k USD or more.
After all, we cannot ignore the fact that Ethereum is a leading that is ranked in second place as a market app after Bitcoin and I don't think there is any other point that can replace ETH soon. It is a powerful system where is coin is the king's soldiers and if you have already purchased then you should be happy about the investment season.
Thank you
Posted Using LeoFinance Beta
