Ether Price Will Hit $1,000 Again, Survey Says as Altcoin Faith Remains
William Suberg's original article for cointelegraph.com reduced by 41%
Ether is most likely to trade above $1,000 again in the future, according to the global cryptocurrency Twitter community. According to the results of a survey administered by An Altcoin Trader's Handbook author Nik Patel on Aug. 10, 54% of respondents think ETH/BTC will see $1,000 once more.
Ether is the largest altcoin by market cap, but has seen its share of the crypto pie relative to Bitcoin decrease dramatically since its all-time highs in January 2018. Having previously reached more than $1,400 per token, Ether currently trades at just $213. As Cointelegraph reported, multiple analysts have sounded the alarm over altcoin markets in general in recent weeks, as Bitcoin continues to dominate rankings and investor returns.
Some believe altcoins will never again rally to the extent they did in previous years, meaning tokens such as Ether should notionally remain at the lower end of their historical trading corridor. According to Patel's survey most lay traders do not share that view. Earlier this month he implied he had no interest in seeing Ether usurp Bitcoin's dominance, saying that he would support the coexistence of Bitcoin and Ethereum on a technological level.
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