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May 3 - Ethereum Now Worth More Than Bank Of America.



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 2 weeks ago '06        #1
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Bilal  topics gone triple plat - Number 1 spot x10
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May 3 - Ethereum Now Worth More Than Bank Of America.
 

 
Ethereum, the world’s most-used blockchain by daily transactions and the second-largest by market cap, broke the $3,000 price level in the early hours Monday, data from multiple sources shows.

Its native token, ETH, powers the network and facilitates millions of other decentralized applications (dApps) and protocols that run atop. With the rise of decentralized finance (DeFi)—over $70 billion is now locked in such apps—and other ground-breaking innovations in the past year, demand for ETH continues to grow.

As the below image shows, ETH broke out of its $2,600 resistance zone last week and inched upwards steadily. It saw some resistance at the $2,950 level, but saw massive buys in the Asian hours today. As such, ETH remains in a strong uptrend, as the exponential moving average, a popular tool used by traders to determine market trend based on previous average prices, shows.

The rally means ETH is up over 300% for the year so far, and up by over 1,300% in the past year (even trading at $90 in mid-March after a broader market plunge).

Institutional games and surpassing BoA
Some wealth managers say the move is “catch-up” to Bitcoin’s price action over the past year. “At first, the rally was really led by Bitcoin because like a lot of the institutional investors came into the space, that would be their natural first port of call,” said James Quinn, managing director at crypto fund Q9 Capital.

He added:

“But as the rally has matured over the last six months, you have DeFi and a lot of DeFi is built on Ethereum.”
Several Ethereum-based exchange-traded funds (ETFs) and products (ETPs) have launched in the past year, suggesting there was a significant amount of institutional inflows into the a*set apart from Bitcoin.

Meanwhile, some on Twitter pointed out Ethereum’s total market cap, a measure of price and the total supply (115 million at press time) now surpassed those of the Bank of America, one of the world’s biggest financial institutions.

An iconic day for many in the crypto space.



visit this link https://cryptoslate.com/e .. nk-of-america/


Last edited by Bilal; 05-03-2021 at 01:03 PM.. Reason: Yup
+12   



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111 comments
 

 2 weeks ago '05        #2
Tha TC  topics gone triple plat - Number 1 spot x2
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Good for crypto investors but they gotta do something about those gas fees
+41   

 2 weeks ago '14        #3
strungout  topics gone triple plat - Number 1 spot x3
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Buying 1 whole ethereum back in February was the best life decision I ever made
+74   

 2 weeks ago '14        #4
strungout  topics gone triple plat - Number 1 spot x3
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 Tha TC said
Good for crypto investors but they gotta do something about those gas fees
They are ,

EIP-1559 upgrade , its about to be a hot summer
+10   

 2 weeks ago '16        #5
foshoVoodoo  topics gone triple plat - Number 1 spot x34
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kwon

 2 weeks ago '17        #6
LostTenets  topics gone triple plat - Number 1 spot x46
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 strungout said
Buying 1 whole ethereum back in February was the best life decision I ever made
What was the growth
+4   

 2 weeks ago '14        #7
strungout  topics gone triple plat - Number 1 spot x3
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 LostTenets said
What was the growth
Bought about 2025 worth , now its sitting at 4200

I was dollar cost averaging at first, thats a good strategy for most, but the fee's add up evertime you buy it , so I figured i would just do a 1 time big purchase
+17   

 2 weeks ago '15        #8
POTUS2045  topics gone triple plat - Number 1 spot x1
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-10   

 2 weeks ago '04        #9
regularjoe 
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 Tha TC said
Good for crypto investors but they gotta do something about those gas fees
Man... they're fu*king ridiculous.
+2   

 2 weeks ago '08        #10
tdnupe3 
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 POTUS2045 said

He makes some really good points and I fu*k with Bill Maher, but I can't totally agree with him on this.

Crypto isn't really much different from stock in the sense that it's all about speculation.

If the last decade has shown us anything, it's that companies care more about speculation than human capital.

Most cryptos (aside from the ones like ethereum) derive their value solely on what people are willing to pay for them at the moment. I look at ethereum as the google of cryptos whereas most of the others are like websites during the dotcom boom.

I've wanted to launch my own ERC20 token for a little over a month now, but it's hard to put together a trustworthy and reliable team that wants to take the project further than just pump and dump.

There are a lot of people that want to invest in crypto because you can do with crypto what they REALLY want to do with stock.



edit: I guess I have to put a disclaimer on this post because MFs want to pick and choose what to take from it. Folks that know, know exactly what I mean when I say speculation without having to go into a long discussion about valuations, dividends, quarterly earnings, etc. Like, damn man. It's almost like folks just try to out-a**hole each other on here now.



Last edited by tdnupe3; 05-03-2021 at 05:56 PM..
+14   

 2 weeks ago '13        #11
mynam3isearl 
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So what do y’all think about ETC the classic version? It’s cheaper but looks like it’s going up
+3   

 2 weeks ago '19        #12
Rocko 
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 strungout said
They are ,

EIP-1559 upgrade , its about to be a hot summer
People keep dropping this but what does it mean? I'm gonna be paying $40 to stake 5k instead of $120?

+1   

 2 weeks ago '06        #13
Bilal  topics gone triple plat - Number 1 spot x10 OP
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 POTUS2045 said

Keep listening to a n*gga that got on his show and said nothing wrong with a teacher and a 13 year old boy bring in love having s*x because society says it's wrong lol. You got it lol.
+3   

Top 10 most propped recently  2 weeks ago '19        #14
Anomic  topics gone triple plat - Number 1 spot x5
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 mynam3isearl said
So what do y’all think about ETC the classic version? It’s cheaper but looks like it’s going up
Meh.

ETH 2.0 is what u gotta watch out for
+7   

 2 weeks ago '16        #15
Deadly Greed 
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Sold 6 of them to buy amc and sndl worst decision of my life
+28   

 2 weeks ago '17        #16
TROY 
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 strungout said
Buying 1 whole ethereum back in February was the best life decision I ever made
Me too but I wish I bought more

I got in at 350
+7   

 2 weeks ago '14        #17
strungout  topics gone triple plat - Number 1 spot x3
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 Rocko said
People keep dropping this but what does it mean? I'm gonna be paying $40 to stake 5k instead of $120?

exactly

here is everything you need to know about it, better than i could ever explain it



 2 weeks ago '15        #18
Belief 
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All this crypto madness is making me want to exit my stocks and reinvest in coins.

I hate buying at the top but eth keeps rising

Fomo is a motherfu*ker


Waiting for the retracement to dca in
+10   

Top 10 most slapped recently  2 weeks ago '20        #19
MeNoSenYouNoCom  topics gone triple plat - Number 1 spot x7
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 Tha TC said
Good for crypto investors but they gotta do something about those gas fees
thats why I feel like this means nothing

 2 weeks ago '18        #20
Sandyy  topics gone triple plat - Number 1 spot x6
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regret not getting in at 2k - at least my dodge doing good
+8   

 2 weeks ago '05        #21
Tha TC  topics gone triple plat - Number 1 spot x2
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 MeNoSenYouNoCom said
thats why I feel like this means nothing
It’s going to flip Bitcoin no doubt about it since it has use but… as these others build utility is where we’ll see which coin will reign supreme.
+2   

 2 weeks ago '19        #22
Rocko 
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 strungout said
exactly

here is everything you need to know about it, better than i could ever explain it


No attack on you, but that's way too many words to answer a simple a question...BNB and SOL are letting me move 10,000's of dollar with like .50 fees. I'm reading this article and they can't give me any kind of numerical percentage on how much the gas will drop per use.

 2 weeks ago '15        #23
S U P R E M E 
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 tdnupe3 said
He makes some really good points and I fu*k with Bill Maher, but I can't totally agree with him on this.

Crypto isn't really much different from stock in the sense that it's all about speculation.

If the last decade has shown us anything, it's that companies care more about speculation than human capital.

Most cryptos (aside from the ones like ethereum) derive their value solely on what people are willing to pay for them at the moment. I look at ethereum as the google of cryptos whereas most of the others are like websites during the dotcom boom.

I've wanted to launch my own ERC20 token for a little over a month now, but it's hard to put together a trustworthy and reliable team that wants to take the project further than just pump and dump.

There are a lot of people that want to invest in crypto because you can do with crypto what they REALLY want to do with stock.

man u should get in th discord.
+2   

 2 weeks ago '15        #24
S U P R E M E 
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 Tha TC said
Good for crypto investors but they gotta do something about those gas fees
they need to worry moe about ADA than them high a*s fees attached to ETH. i am only happy eth is running bc other cryptos are running with it.
yeah im making good money on it but it needs more value.
+1   

 2 weeks ago '08        #25
tdnupe3 
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 S U P R E M E said
man u should get in th discord.
Put me on bredren!!!

+2   



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