Is the mighty ETH crumbling?
This week I want you to think about ETH and whether it can survive it’s current downturn, and consider how this affects the projects you may have been eying.
With ETH (the crypto currency of the Ethereum platform) currently falling below 200 dollars for the first time in a year, many are beginning to debate the currency’s future.
A recent article on Tech Crunch stated “ The collapse of ETH is inevitable”. Stating that the asset will fail to see “real adoption” and fall to zero due to its inability to scale.
Certainly the chatter amongst many telegram groups for projects, traders and investment pools is starting to centre around ETH in particular collapsing completely (although of course there are also those still bullish, speaking of now being the time to go shopping whilst there is “blood in the streets”.
Consider the fact that there are viable alternatives too. Look at Cardano, EOS, Neo and Stellar as examples with good potential. Furthermore, research the projects that are pivoting their entire business model away from Ethereum to keep investors on-side, and future-proof their business, such as TriForce Tokens, who announced recently that they’ll be building their own custom Blockchain and re-issuing the (previously Ethereum based) FORCE tokens on the new platform soon.
So perhaps now is the time to look beyond ICO white papers and blockchain use cases and question he fundamental foundational tech powering the tokens of these outfits and whether it can truly scale and survive.
But do your own research, and be sure to read up on Vitalik Buterin’s (Founder of Ethereum) response to the article in which he hints at possible
Big changes that would void these concerns.
Be careful out there folks.
