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The prices of ether have fallen dramatically from their all-time high. Is it a good opportunity to purchase? Credit: Getty Royalty Free
Ether have taken a big hit lately, repeatedly & nbsp; hitting new annual lows in recent weeks.
Today, this digital currency, the second largest in the world by market capitalization (market capitalization), has fallen at $ 170.26 on CoinMarketCap.
point, it was down & nbsp; near 90% & nbsp; from its all-time high of over $ 1,400 in January.
[Ed. note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.] [19659003] After the cryptocurrency suffered & nbsp; this sharp decline, is now a good time to buy the ether?
Several market analysts have focused on this question.
Valuing the cryptocurrency complex
Evaluating currencies enter it can be difficult for them, since not everyone agrees on which fundamentals to use and how much weight should be provided.
"It is not clear model of evaluation for digital resources," stressed & nbsp; Marius Rupsys, a cryptocurrency analyst.
"People look at the number of transactions, then the number of daily active users but there is no model to derive the actual value of protocols such as ethereum."
"This technology is still in its early stages , "he noted. & nbsp;
Accordingly, & nbsp; "It would be rather difficult to say at this point of time whether ether should be valued at $ 200 or $ 1,000." &
Ether's Great Potential
While some emphasized the difficulty of accurately assessing digital assets such as ether, others emphasized the positive advantage of cryptocurrency
" I still see ETH as having the brightest perspectives of any cryptocenetic, both as a platform for dapps etc. and as a globally usable digital money / value, "said & nbsp; Jacob Eliosoff, cryptocurrency fund manager.
By fulfilling this role, the digital currency is much more than its current market capitalization,
However, & nbsp; "ETH is far from a mature product and if it occurs a broad adoption could take years," noted Eliosoff. & nbsp;
"So I am cautiously optimistic … & nbsp; But it will take patience!" [19659003] Ether "Underrated"
Of the analysts interviewed, most of the interviewees said that 39; ether was trading below its intrinsic value "".
" Crypto in general, including Ethereum, are underestimated at this stage," said & nbsp; Joe DiPasquale, CEO of cryptocurrency fund of hedge funds & nbsp; BitBull Capital . & nbsp;
While digital currencies have lost more than two-thirds of market capitalization this year, he noted that ether has declined even further.
" The Ethereum network has some of the best community development and support talent, so buying it for medium to long-term holds would make sense," he added. & Nbsp;
Iqbal Gandham, British managing director for the social trading platform eToro offered a similar input, stating that:
"I think it is underestimated according to the development that it occurred from the last time in this phase. "
Eric Ervin, CEO of & nbsp; Blockforce Capital agrees, offering some figures to support his request. & nbsp; [19659003] "At its current price, it is reasonable to consider ether as undervalued," he said. [19659003] "According to our research, the current logarithmic price difference between bitcoin and ether is more than 3 standard deviations from its average, which paints a picture of the market that is far from be normal and should be corrected in the near future. "
Ether A & # 39; Great Buy & # 39;
The analyst Marouane Garcon stated that while he remains " cautious," ether is & nbsp; "a great purchase at the time."
" They have several upcoming developments including & nbsp; Casper, which I expect will send the price to push towards $ 1,000," he said Garcon. & Nbsp;
"Right now is a great time to accumulate to be ready for Casper," he said. & nbsp;
" The only reason I say I'm cautious is because Casper's launch could stumble into the gate due to the fact that it's such an important development to implement." & Nbsp; [19659003] Bearish Considerations
While many analysts described that the ether offered strong upside potential, others offered a point of view.
" I think the ETH is underestimated with respect to its long-term potential and the platform / protocol fundamentals," said Michael Conn, f ounder and managing partner of blockchain advisory Quail Creek Ventures. & nbsp;
However, he added that " I would not buy it at the current price"
Conn pointed out that while Ethereum & nbsp; [19659050] continues to be the most robust platform for the creation and accumulation, "the ether suffered " significant downward pressure on prices. "& nbsp;
If the digital currency continues to suffer from price volatility, it could suffer significant falls, he said.
Scott Weatherill, responsible for the risks of & nbsp; B2C2 Japan spoke at this risk, stating that the price of ether could fall into the "double-digit". "
" W and are still being deleveraged by the ICO bubble, "noted, stating that & nbsp; " i it is very difficult to judge whether most of the ETH collected through ICO has been sold. "& nbsp;
In addition, bitcoin prices could suffer further disadvantages, falling in the range between $ 4,000 and $ 5,000, called & nbsp; Weatherill. & Nbsp;
If this decline takes place, it could help to drag [1965903] Disclosure: I own some bitcoin, bitcoin cash and ether
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The prices of ether have fallen dramatically from their historical high. Is this a good buying opportunity? Credit: Getty Royalty Free
The prices of the ether have taken a beating lately, repeatedly striking new lows in recent weeks
Today, this digital currency, the second largest in the world by market capitalization (capitalization market), fell to $ 170.26 on CoinMarketCap.
At that point, it was down close to 90% from its all-time high of over $ 1400 in January.
[Ed. note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]
After the cryptocurrency suffered from this strong decline, is now a good time to buy ether?
Several market analysts have focused on this question.
Valorisation of the cryptocurrency complex
Evaluating digital currencies can be difficult, since not everyone agrees which fundamentals to use and how much weight should be provided.
"There is no clear evaluation model for digital resources", underlined Marius Rupsys, a cryptocurrency analyst.
"People look at the number of transactions, then at the number of dail y active users, but there is no model to derive the real value of protocols such as ethereum."
"This technology is still at the stadiums initials, "he noted.
As a result, "it would be rather difficult to say at this point in time whether ether were to be valued at $ 200 or $ 1,000."
The great potential of Ether
While some emphasized the difficulty of accurately evaluating digital resources such as ether, others emphasized the upside potential of cryptocurrency.
" I still see ETH as having the brightest perspectives of any cryptocoin, either as a platform for dapps etc., or as a digital money / value store that can be used globally," said Jacob Eliosoff, fund manager of cryptocurrency.
the digital currency is much more than its current market capitalization,
However, "The ETH is far from a mature product and if there is a broad adoption it could be years away, "noted Eliosoff.
"So I am cautiously optimistic … But it will take patience!"
Ether "underestimated"
Of the analysts interviewed, most of the interviewees stated that the ether was trading below its real or "intrinsic" value
" Cryptographic assets in general, including Ethereum, are undervalued at this stage, "said Joe DiPasquale, CEO of the hedge fund cryptocurrency fund BitBull capital .
While digital currencies have lost more than two-thirds of their market capitalization this year, he noted that ether has declined even further.
" The Ethereum network has some of the best talent for community development and support, so buying it for medium to long-term holds would make sense," he added.
IQbal Gandham, CEO of the United Kingdom for the social trading platform eToro, offered a similar input, stating that:
"I think it is underestimated according to the development that has occurred since it was last in this phase. "
Eric Ervin, Managing Director of Blockforce Capital agrees, offering some figures to support his request.
"At its current price it is reasonable to consider ether as undervalued," he stated
"According to our research, the current logarithmic price difference between bitcoin and ether is higher than 3 standard deviations from its This picture paints a 'picture of the market that is all but normal and should be corrected in the near future. "
Ether A & # 39; Great Buy & # 39;
The analyst Marouane Garcon stated that while remaining " cautious," ether is "a great purchase at the time."
" They have several upcoming developments including Casper, which I expect will send the push price towards $ 1,000," said Garcon.
"Right now is a great time to accumulate to prepare for Casper," he said.
" The only reason I say I'm cautious is because Casper's launch might stumble into the gate due to the fact that it's such an important development to implement."
Bearish considerations
While many analysts described the ether as a strong upside potential, others offered a darker view.
" I think ETH is underestimated with respect to its long-term potential and the platform / protocol fundamentals," said Michael Conn, f and managing partner of blockchain advisory Quail Creek Ventures .
However, he added that " I would not buy it at the current price."
Conn stressed that while Ethereum " continues to be the most solid platform for creation and buildout," ether suffered " significant downward pressure on prices".
If the digital currency continues to suffer from price volatility, it could suffer a significant disadvantage, he said.
Scott Weatherill, responsible for the risks of B2C2 Japan, spoke at this risk, stating the price of that ether could fall into the "double digits"
"W and I am still in the stage of deleveraging from the ICO bubble, "he noted, stating that " I is very difficult to judge whether most of the PF raised through ICO has been sold. "
In addition, bitcoin prices could suffer further disadvantages, falling in a range between $ 4000 and $ 5000, he said Weatherill.
If this decline takes place, it could help drag even more the prices of the ether, he observed
Disclosure: I own some bitcoins, bitcoin money and ether.
