Experts Think It Is Possible Ethereum Prices Could Drop To Zero?
Depending on the source you are referring to, Ethereum prices are going to fluctuate madly. The Satis Group has predicted that ethereum prices will never break $1,000 ever again. They also predict that in 2019 ethereum prices will reach $880, only to start dropping in value by $100 USD at 3yrs, 5yrs and finally at 10 yrs.
Scalability Is the Issue That Could Cause Ethereum Prices To Drop To $0
Jeremy Rubin a very active contributor and investor in the crypto community, believes that it is possible that there could be a time that ETH will be valued at $0.
The possibility that ETH prices could drop to zero is plausible because of how the ETH blockchain is designed to scale up. At least that is the way I am understanding it.
Jeremy Rubin and other investors think that if the Ethereum network thrives that there will come a time that the asset(Ethereum) will drop to zero because of the way Ethereum blockchain is designed to scale up.
Ethereum has had problems with being able to scale up which has caused the asset Ethereum to loose value as a result. Jeremy Rubin believes that because of this issue that if the scalability issue gets solved, then the asset itself (Ethereum) will drop to 0, which means the blockchain will no longer need “gas” to complete transactions.
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Valued At 0, Ethereum Blockchain Is Still Valuable
The Ethereum Blockchain though will still be useful and successful, because it will be able to used for the adoption of other crypto currencies or sevices.
If the issue of scalability gets solved, then the Ethereum community will have to decided whether or not to allow their blockchain to be used by other crypto currency ventures/services.
It seems to me that the issue of scalability is both good for Ethereum Prices and short term investments. If you look down the road though and Jeremy Rubin is right, the real value of the ethereum blockchain will be that it can be used to successfully adapt it for use with other crypto currencies and sevices, such as publishing blogs, news and keeping corporate records secure and accurate.
My Final Thoughts On The Ethereum Blockchain
With this particular blockchain the possibilities are exciting and endless,but only if the ethereum community decides to let the blockchain evolve to become as powerful has it can be…the real value is not in the amount of money the asset ethereum is worth, it’s in the way this blockchains has the ability to create smart contracts and keep them secure while providing fast service.
Any ways thats my take on this fine post….check it out below and drop me a line in the comments section letting me know what you get from reading this article from Global Coin Report:
Could ETH Price Drop to Zero?
READ LATER – DOWNLOAD THIS POST AS PDFAs frightening as the above title may sound, the ETH price might go to zero. This is according to several observations by crypto enthusiasts about the technical difficulties the platform is having in scaling. Global Coin …