Ether (ETH) is very likely to trade again over $ 1,000 in the future, according to the global cryptocurrency community Twitter.
54% say a $ 1k Ether price is possible
According to the results of a poll Administered by the author of an Altcoin Trader Nik Patel manual on August 10, 54% of respondents think that ETH / BTC will once again see $ 1,000.
Ether is the largest altcoin by market capitalization, but has seen its share of Bitcoin (BTC) crypto pie decline dramatically from its historic January 2018 highs.
Having previously reached over $ 1,400 per token, Ether currently trades for only $ 213.
As reported by Cointelegraph, more analysts have raised the alarm on the altcoin markets in general in recent weeks, as Bitcoin continues to dominate the rankings and returns of investors.
Some believe that the altcoins will never meet again to the extent that they did in previous years, which means that tokens like Ether should theoretically remain at the lower end of their historic trade corridor.
Do not joke
However, according to Patel's survey, most lay traders do not share this view. Out of over 5,000 respondents, only 34% were willing to predict that ETH / BTC would never reach four digits.
Optimism may still be misplaced; a year ago, Fundstrat's senior analyst Tom Lee expressed his unfortunate belief that the ETH / USD would rise to $ 1,900 by the end of 2018.
The developers are continuing to insist with important protocol changes as part of the Ethereum 2.0 project, with co-founder and well-known speaker Vitalik Buterin who is committed to taking a more practical approach in recent months.
At the beginning of this month, however, he suggested that he had no interest in seeing Ether usurp the Bitcoin domain, saying he would support the coexistence of Bitcoin and Ethereum on a technological level.