Ethereum is a popular decentralized platform that runs smart contracts and enables developers to create markets, store registries of debts or promises, etc., all without involving any middleman or third parties.
Full report by Crush Crypto: https://crushcrypto.com/ethere....um-crusher-september
PDF of the presentation: https://crushcrypto.com/wp-con....tent/uploads/2018/09
Ethereum official website: https://ethereum.org
Ethereum whitepaper: https://github.com/ethereum/wiki/wiki/White-Paper
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Note: This is not a paid review. We do not offer promotional or advertising services. Our content is based on our own research, analysis and personal opinion.
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In our Crusher of the Month series we select a digital coin or token each month that we have high conviction in. Here are some reasons why we selected Ethereum (ticker: ETH) for our September 2018 Crusher of the Month:
Recently, there has been a lot of negativity surrounding Ethereum:
- TechCrunch published an article saying "the collapse of ETH is inevitable”.
- Bitmex published a post saying it is a double digit shitcoin.
- We went to Singapore during blockchain week and talked to some OTC desks, and learned that there were a lot more sellers than buyers of ether.
- ICOs that raised in ether need to periodically sell the coin in order to maintain runway for their project.
- As a general smart contract platform, Ethereum has a lot of competitors promising better platform (most of them promise faster, more scalable solution with some compromise in decentralization and/or security), such as EOS, Cardano, Tezos, Zilliqa, and more.
As a result, ETH is trading below what it was one year ago and the price has been very volatile recently. At one point, it was overtaken by XRP and became the third most valuable cryptocurrency. In terms of diluted market cap, ETH is also behind Stellar Lumens.
At times like this, it is important to focus on the fundamentals. We believe Ethereum still has a strong network effect that is difficult to overcome and innovation that is needed to maintain very competitive.
- Vitalik recently proposed a new scaling solution to potentially reach 500 transactions per second through mass transaction validation.
- There are numerous layer 2 solutions, including Plasma, state channels (implemented by Loom, Funfair, Spankchain, etc.), that are already live or close to being deployed.
- Strong developer community – Devcon 4, a conference for Ethereum developers, was sold out in seconds. The vast majority of tokens are built on top of Ethereum.
- Unmatched liquidity after Bitcoin – a lot of exchanges have trading pair in ETH alongside BTC, so investors are accustomed to trade using ETH. We believe this is a huge network effect that other coins have a hard time to overcome.
- The network keeps improving. The Constantinople hard fork is expected to hit the Ropsten testnet on October 9, 2018. It will then be implemented on the main chain soon after Devcon 4 in early November 2018.
Again, this is a more tactical trade because the sentiment for ETH is extremely bearish in our opinion. This sentiment causes investors to ignore the solid fundamentals that the coin has.
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Disclaimer
The information in this video is for educational purposes only and is not investment advice. Please do your own research before making any investment decisions. Cryptocurrency investments are volatile and high risk in nature. Don't invest more than what you can afford to lose. Crush Crypto makes no representations, warranties, or assurances as to the accuracy, currency or completeness of the content contained in this video or any sites linked to or from this video.
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