For the last few days, the price movement for the Ethereum coin has been doing well. As you can see in last one month, the price has gone up from 1600 US dollars to 1900 US dollars, which I think is a good move considering the current market situation, where it is considered a bearish market and surely not bullish. It is one of the solid projects in the market, which is at the top. If we talk about the altcoins and after Bitcoin, it is the second-ranked coin in the market, so the potential is high, and expectations are also pretty high.
I believe that Ethereum is going to lead the market, but I don't consider it as a coin that can surpass Bitcoin because that is difficult; however, with this thought, you just can't ignore the value of the Ethereum coin in the market because it is a scalable blockchain that is capable of running a lot of applications without any outage, and blockchain is highly advanced.
At some point of time there was an issue with the transaction fee on the Ethereum blockchain network and people were complaining about it but seems like that propylene is also solved up to an extent because I hardly see anyone complaining about the transaction fee which means it is pretty much reasonable at the moment But again we just don't know how things are going to be in future because all I expect that these things are going to be even better with the passage of time.
While I say that it is not a time to book profit with any coin since the market situation is not good, at the same time there can be some projects which you can consider for your long-term investment portfolio, and on that list Ethereum can be a good addition. It is surely a coin for the long term, and that is why I have been holding it for a long time with a vision for the long term when the profitability is going to be great. However, as of now, I can't say when I'm going to book profit with ethereum.
Let's continue to track the market closely and see how this coin performs, but at the same time we also need to wait for the bull market. We don't know when that is going to happen because nobody can predict that, but keeping a continuous track on the market can help us understand when the market takes a U-turn.
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171.096 SRY