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Ethereum: Could Be The Real Crypto Gold

By Tim KnightCryptocurrencyMay 03, 2021 01:54AM ET
www.investing.com/analysis/ethereum-could-be-the-real-crypto-gold-200577012
Ethereum: Could Be The Real Crypto Gold
By Tim Knight   |  May 03, 2021 01:54AM ET
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One of the most bizarre things about my blog is that its best ideas are long ones (OK, that’s not so weird, since everything has gone up non-stop the past dozen years). All the same, if you glance at this post from two years ago, I was bullish on both Bitcoin and Ethereum (particularly the latter).

My target for Bitcoin was a bit conservative at $6,000 (since, umm, it went up TEN TIMES MORE than that!) but I think we can at least agree my view of Ethereum being a good price at $160 wasn’t too bad, since it’s up about 18-fold from there:

ETH Chart
ETH Chart

Arrow marks approximate date of bullish ETH post; it took a year before things really got going

Judging from this ratio chart of ETH divided by BTC, I’d say Ethereum has a great future ahead.

ETH/BTC Chart
ETH/BTC Chart
Ethereum: Could Be The Real Crypto Gold
 

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Ethereum: Could Be The Real Crypto Gold

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Comments (1)
Allatra Yiveh
AllatraYiveh May 03, 2021 5:53AM ET
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It isn't crypto gold, there is no property of Gold in it. Gold means value, stability and trust. The correct title is "Ethereum: Could Be The NEXT Crypto MANIA"
Saroop Calvete
Saroop Calvete May 03, 2021 5:53AM ET
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CryptoCraze
 
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