Eth 2.0. The cobra rises. long term outlook 2020 and 2021
Updated
Long term outlook guys.
Follow white lines with arrows the outline the pink boxes. Notice price stability and low volatility.
Alright guys, I'm not saying that another alt will never become the eth killer, but in reality eth has 5 x the developers any other alt blockchain might have.
Clearly when you see where the people are going, there is a line out the eth developers piling out the building.
On chain analytics are looking really good.
active addresses are a steady steam roll motion.
social engagement is there.
developer engagement is there.
Defi people are not interested in experimental millions into locking it up in shit alt coin blockchains. Dumb money does that. Smart money will follow the tried and true and where the most development is.
Would you risk your whole stack on a new smart contract?
Most people barely have the balls to lock there money in any defi erc20 token which is mostly ran on solidity, which has had some issues in the past, but its ahead of everyone else with the first mover advantage.
Don't underestimate first mover advantage because some exchange, or dumb ass crypto kid told you that there coin is gonna be the new hottest thing.
Remember, most criminally lost crypto this year was due to scams. And quite frankly, most of these functioning projects are just shy of being called a scam.
The last time price was this low in volatility for eth and btc we've had huge run ups in price.
Every financially market has been pumping for weeks.
I was bearish recently and we still could have a nice pull back before lift off. But reality is that the market conditions resembles that more of what happens before a bull run.
Remember it takes 32 eth to run a node on eth 2.0.
people are stacking. Are you?
unless the development team jumps train to another block chain, which could happen, always follow where the developers are going. If for some reason something else is going to surpass eth, it will not be by surprise, you will be able to see the fundamentals change and developers leave.
Minus black swan events.
I dont see why we can't reach for 750 even 900. $ 500 will be an easy target for eth.
Follow white lines with arrows the outline the pink boxes. Notice price stability and low volatility.
Alright guys, I'm not saying that another alt will never become the eth killer, but in reality eth has 5 x the developers any other alt blockchain might have.
Clearly when you see where the people are going, there is a line out the eth developers piling out the building.
On chain analytics are looking really good.
active addresses are a steady steam roll motion.
social engagement is there.
developer engagement is there.
Defi people are not interested in experimental millions into locking it up in shit alt coin blockchains. Dumb money does that. Smart money will follow the tried and true and where the most development is.
Would you risk your whole stack on a new smart contract?
Most people barely have the balls to lock there money in any defi erc20 token which is mostly ran on solidity, which has had some issues in the past, but its ahead of everyone else with the first mover advantage.
Don't underestimate first mover advantage because some exchange, or dumb ass crypto kid told you that there coin is gonna be the new hottest thing.
Remember, most criminally lost crypto this year was due to scams. And quite frankly, most of these functioning projects are just shy of being called a scam.
The last time price was this low in volatility for eth and btc we've had huge run ups in price.
Every financially market has been pumping for weeks.
I was bearish recently and we still could have a nice pull back before lift off. But reality is that the market conditions resembles that more of what happens before a bull run.
Remember it takes 32 eth to run a node on eth 2.0.
people are stacking. Are you?
unless the development team jumps train to another block chain, which could happen, always follow where the developers are going. If for some reason something else is going to surpass eth, it will not be by surprise, you will be able to see the fundamentals change and developers leave.
Minus black swan events.
I dont see why we can't reach for 750 even 900. $ 500 will be an easy target for eth.
Trade active
Were still cruising along. BTC has passed its all times highs today.Eth all time highs were created because of ICO craze. My best guess will be that:
Eth floats up slowly while BTC makes major moves:
Catalyst for Eth going parabolic will revolve around the progress of ETH2.0 and the Defi scene.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.