Ethereum (ETH) Everything is ready to repeat the story once again


Ethereum chart with values Chart for ETH / USD (1W) Ethereum (ETH) is all set to repeat the timeline once more when the price prepares to rally after an extended correction. The table looks the same as last time before Ethereum (ETH) met more than 5000%. The correction has produced many negative feelings and many of you will find the 5000% ridiculous rally. It is true that the growth rate for most of these projects must slow down with an increase in market capitalization. However, most cryptocurrencies aside from Bitcoin (BTC) have not yet reached the full extent of their domain. Before they reach their ATH dominance, we can certainly expect a 5000% rally in the near future. Bitcoin (BTC) has already achieved an ATH in terms of its dominant position and therefore we can expect its growth rate to slow now that its dominance has diminished and money flows into other currencies. Also Ethereum (ETH) has had a good run against Bitcoin (BTC) in terms of domination, but there is still plenty of room for growth. Cryptocurrency could certainly see aggressive growth in the coming years, especially if we look at Ethereum futures and ETFs in the coming months. That said, its growth rate will still be much lower than most of the altcoins ready to make even more aggressive gains during their next cycle.

Last month, a report by the International Monetary Fund (IMF) stated that the cryptocurrency market could grow by 5000%. Most of the times when we see the rally of the markets, we see the fundamentals that come in support of technicians who are ready to act. For example, when Bitcoin (BTC) ended in 2014, we saw the mountain. Gox cuts into pieces. Likewise, this year in which Bitcoin (BTC) has passed, we have seen events such as the prohibition of China, regulatory measures and other similar measures that lower the price. Considering that Ethereum (ETH) is ready for a massive rally this time, we should be able to see the events that develop in order to support the underlying price action. This time, events could have something to do with the adoption of Ethereum (ETH) more than the technology itself. Or we could see adoption in the form of Futures and ETFs or we could see large companies using Ethereum (ETH).

Chart for ETH / BTC (1W)

We have already seen technology giants like Microsoft approaching Ethereum (ETH) just as IBM is working with Stellar (XLM). In addition, the cryptocurrency is also made with its correction and is now on the radar of large institutional investors who try to fill their bags before the next rally. Considering the state of the financial markets all over the world, traditional investors and traders have already prepared to enter cryptocurrencies. This time, when the market recovers, we will probably see big institutions like JP Morgan and Goldman Sachs formally enter the world of cryptocurrencies. Ethereum (ETH) is the second largest market capitalization currency and will certainly be a part of billions of dollars portfolios.

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