RE: Daily Crypto Markets Live Blog: Ethereum Taking Over? (09/13/21) by taskmaster4450le

witnesses

RE: Daily Crypto Markets Live Blog: Ethereum Taking Over? (09/13/21) by taskmaster4450le

View this thread on: hive.blog | peakd.com | ecency.com

Viewing a response to: @leomarkettalk/daily-crypto-markets-live-blog-ethereum-taking-over-09-13-21

hive-167922 · @taskmaster4450le · Sep 13 '21

The price of **Ethereum** is presently over $3,400.

It seems poised to push towards the ATH.

What are your thoughts?

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👍 esmeesmith, leopuma

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@bitcoinflood · Sep 13 '21

$0.07

I'm actually surprised it's taken so long. I was expecting that last rally a few days ago to push us above $4,000 with the reduction and burn. I think we just missed the total market cap on all of crypto by about 200 billion. Primed and ready for another rally though just a matter of time. October, November and December should be legit crazy.

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👍 taskmaster4450le, leopuma

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@taskmaster4450le · Sep 13 '21

Do you expect an overall bull run into year end  in **cryptocurrency**?

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@bitcoinflood · Sep 13 '21

$0.07

I do, of course there will be corrections along the way and with crypto those corrections often come fast and hard. But there's so much going for crypto in general including the advancement in smart contracts and a number of large cap block chains getting upgrades. It's no longer just Bitcoin, Litecoin and Ethereum. This time around It's Bitcoin, Ethereum, Polygon, Cardano, ADA and so on. Real projects with huge backing and projects being built on top of it unlike all the meme coin craze.

What are you thoughts over the next 3-6 months?

👍 taskmaster4450le

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1 reply

@dagger212 · Sep 13 '21

$0.07

I think it could push all time highs again, BUT they have *got* to figure out these fees.  If they keep trying to cram $300, $400, $500 fees per transaction down peoples' throats, people will find other alternatives.
  
Cosmos(ATOM) just broke into all-time high territory and is starting to run.  Kusama, Solana, DOT, MATIC, Elrond, all of them are starting to run on their own, outside of ETH and BTC.

Personally, I'm not very bullish on Ethereum.  Do I think it can still make a big run? Yes. Who knows, maybe it could push $10k.  But I just don't think it can survive all this competition if the fees stay this high.  Seriously, why would anyone use Ethereum and pay $100s in fees when they can go other places and pay pennies or maybe a few dollars? 

Like I said before, the NFT craze is driving these ridiculous fees and people are getting fed up.

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@evernotice.leo · Sep 13 '21

$0.23

Fees are one of the main reasons I don't own any. It scared me away, but if they can ever get that figured out, they might be on to something. However, it dosen't seem to have the affected the price, which is good for those who were long on it.

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@taskmaster4450le · Sep 13 '21

That is what is scaring off a lot of people.  It is why I think, eventually, the chain is run by Wall Street.  They are buying up the tokens which will give them incredible power under POS.

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@leopuma · Sep 13 '21

Ethereum is not for a *micro-retail investor like myself*. I will hold what I have for now which is a very small amount.

Ethereum, like Bitcoin has now become an institutional investors game; the very folks that crypto was supposed to make irrelevant as I understand things. Oh how the crypto-space has strayed from the original vision!

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@magnacarta · Sep 13 '21

$0.02

> Ethereum is not for a _micro-retail investor like myself_. 

Enter Dogecoin.

--not that you should buy any or shill for it, but it was made as the "crypto for the rest of us" when Bitcoin and Litecoin were stomping through the land in the many years before Ethereum arrived.

Unit bias made its holders feel like they had something ("I have 3,869,420 DOGE!, dude!"), it was relatively easy to acquire, and like-minded people found each other.  We can't say that about Bitcoin or Ethereum even today.

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👍 dustbunny, leopuma

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3 replies

@tfranzini · Sep 13 '21

That's sad but true. Banks ad other big institutions will always try to have their way

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👍 leopuma
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@leopuma · Sep 13 '21

I do not know much about @nftshowroom or the quality of the NFTs there, but it would be an alternative to WAX and Ethereum based sites. 

[TRIBALDEX.COM](https://tribaldex.com) also has [Non- Fungible Token (NFT) listings](https://tribaldex.com/openhive) which would be another option. Most of what I have seen on there is gaming NFTs for @risingstargame and @dcitygame as well as listings from @nftshowroom. They also offer auctions for one's NFT(s).

>The NFT Auction contract lets users Auction their NFT(s) in an automated way for a **any token** as price.
>
>An auction can run up to 30 days after which it is automatically settled for the lead bid or expired if there are no bids. 
>
>To take the lead a bid must be 5% greater than the previous bid (if any). After a lead bid, if there are no other bids in the next 24 hours, the auction is settled automatically. 
>
>Bids can be cancelled anytime except the last 5 minutes when auction is about to be settled. Users can always update their bids for a larger quantity.
>
>Auction owners can manually cancel or settle auction for any bid at any time. When auction is settled, NFTs are sent to the lead bidder and payment is sent to the owner. All other bids are refunded.
>
> [&#8212; TRIBALDEX.IO, *NFT Auction Contract*](https://github.com/hive-engine/steemsmartcontracts-wiki/blob/master/NFT-Auction-Contract.md)

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@magnacarta · Sep 13 '21

$0.23

Some day The Flippening will take place and [Bitcoin](https://leofinance.io/hive-167922/@crypto-guides/what-is-bitcoin-btc)  gets overthrown as the King of Cryptocurrency.  However, some other altcoin will have that honor instead of [Ethereum](https://leofinance.io/hive-167922/@crypto-guides/what-is-ethereum-eth).  It could be [Polkadot](https://leofinance.io/hive-167922/@crypto-guides/what-is-polkadot-coin-dot), or [Solana](https://leofinance.io/hive-167922/@crypto-guides/what-is-solana-crypto-sol), or [Polygon](https://leofinance.io/hive-167922/@crypto-guides/what-is-polygon-matic-crypto), or [THORChain](https://leofinance.io/hive-167922/@crypto-guides/what-is-thorchain-rune).

You will know that crypto is crazy when [Dogecoin](https://leofinance.io/hive-167922/@crypto-guides/what-is-dogecoin-doge) passes Ethereum.

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👍 dagger212, taskmaster4450le

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@taskmaster4450le · Sep 13 '21

Yes and that could happen.  There is no telling with **Network Effects** what can take place.

Imagine if **Hive** overtakes **Ethereum**.

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2 replies

@taskmaster4450le · Sep 13 '21

In the end, the banks will because they will control that chain.  That is what Ethereum will become.

Wall Street is buying up the tokens which, under POS, is going to give them incredible power.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@taskmaster4450le/re-dagger212-l3aws)

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@esmeesmith · Sep 13 '21

$0.16

Fees are the killer. I am sure Axie Infinity leaderboard toppers must be busy cashing out. 
ETH has only one benefit of price otherwise I am pretty much sure people would abandoned due to price of transactions. It's not even HODL worthy coin due to the fees but we have no option either.

👍 dagger212, magnacarta, leopuma

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@jfang003 · Sep 13 '21

Well I think its posed to go up as well. The deflationary burns and NFTs being on the rage has contributed to the hype so it has stayed relevant despite the crypto dip.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@jfang003/re-taskmaster4450le-2vugu4)

👍 leopuma, sfr-treasury

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@leopuma · Sep 13 '21

It is always about the hype. These *influencers* get paid big bucks for shilling worthless shit-coins. Even Snoop-Dog has joined in on this mess! Guess he wanted to buy more expensive weed. 🤣

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@leopuma/re-jfang003-21ga2u)

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@magnacarta · Sep 13 '21

$0.02

Snoop Dog wants in on Ethereum?  Dogecoin wasn't enough anymore?  He's already shilling for any number of lesser or newer altcoins.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@magnacarta/re-leopuma-4ebtfs)

👍 dustbunny, leopuma

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2 replies

@tfranzini · Sep 13 '21

I think that is definitely possible. I'm holding some ETH just for the value appreciation but I don't do anything on the blockchain itself.

Those fees would kill me

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@tfranzini/re-taskmaster4450le-6y26sb)

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