Hey everyone,
What coins do you think are ready for a good pump in the short term? Relative to the rest of the market, which coins right now do you feel are good buys? Why?
I think Ethereum is still pretty "cheap" compared to the rest of the market. Considering it was as high as 0.15 BTC/ETH at one point, and currently sits at 0.046~, I'd say it has plenty of room to move up in price. Ethereum has cemented itself into the backbone of the crypto ecosystem. Consider that 30-40% of the top 100 coins by market cap are ERC-20 (Ethereum Tokens) (
Ethplorer — Top 50 Ethereum Tokens). And that virtually every ICO raises money in Ethereum.
Ethereum is also better equipped to handle high volumes of transactions. If you look at the total amount of Ethereum transacted per day, it is normally 1.5-2x the amount of Bitcoin (
Ethereum Transactions chart). Ethereum handles more transactions per day than any other crypto currency. Furthermore, when you compare the average transaction fee between BTC and ETH, the difference is astounding. It's 10-100x cheaper to send ETH than BTC (
Bitcoin, Ethereum Avg. Transaction Fee chart).
So while Ethereum is a good buy in the short term, I think it also can be seen as a solid long term buy, because the technology is simply outperforming Bitcoin. I'd personally love to see more businesses accepting Ethereum because I'm sick of the confirmation times and fees with BTC right now.
I'd suggest a buy at $360 and a sale price around $498-598 over the next couple of weeks.
What do you guys think? Any hot picks right now?
