Hello all, this time I'll cover one of my portfolio which is my favorite coins for long term hold. The coin is Ethereum. I will cover on both fundamental and technical analysis.
Ethereum is the 2nd favorite coins and the 2nd coins which has the most market capitalization. Since its initial offering, Ethereum has gained on a tremendous value of dollar. So far, Ethereum becomes the mosst favorable platform that a lot of coin's developers use. Beside that, the nature of Ethereum is still a decentralized one which There is no company or centralized organization that controls Ethereum. Ethereum is maintained and improved over time by a diverse global community of contributors who work on everything from the core protocol to consumer applications.
Beside all of the fundamental reasons I've mentioned above, the main and the most important reasons for me to make ETH as one of my biggest portfolio is that Ethereum is backed by multiple fortune 500 company and large financial institution. Let's say microsoft, Intel, back of America is the 3 of biggest name that has backed Ethereum. People say that the purpose of cryptocurrency is to substitute the traditional money. But, come on let's be realistic! The most and the biggest money circulation in the world is managed by the central bank in every country, this means they have everything they need to control the whole financial aspects. For me, the most realistic way is to walk and move together with this financial institution with synergy to complete each other. Ethereum is one of the biggest coins that do this action.
From the technical analysis perspective, the price of the Ethereum is now trending near the historical bottom and I do think that this time is the right time for you to do a dollar cost averaging to this asset. Let's say it can breaches the white resistance trend line, there are 2 major horizontal resistance that is very crucial. the closest one is the $800 area and the 2nd one is the $1300 area. I mean, it's 650% for the closest one! this is huge comparing with your risk to reward. Buy now, do the dollar cost averaging and hold it for 1 or 2 years, you will become a billionaire! I'm the Ethereum Enthusiast!
Ethereum is the 2nd favorite coins and the 2nd coins which has the most market capitalization. Since its initial offering, Ethereum has gained on a tremendous value of dollar. So far, Ethereum becomes the mosst favorable platform that a lot of coin's developers use. Beside that, the nature of Ethereum is still a decentralized one which There is no company or centralized organization that controls Ethereum. Ethereum is maintained and improved over time by a diverse global community of contributors who work on everything from the core protocol to consumer applications.
Beside all of the fundamental reasons I've mentioned above, the main and the most important reasons for me to make ETH as one of my biggest portfolio is that Ethereum is backed by multiple fortune 500 company and large financial institution. Let's say microsoft, Intel, back of America is the 3 of biggest name that has backed Ethereum. People say that the purpose of cryptocurrency is to substitute the traditional money. But, come on let's be realistic! The most and the biggest money circulation in the world is managed by the central bank in every country, this means they have everything they need to control the whole financial aspects. For me, the most realistic way is to walk and move together with this financial institution with synergy to complete each other. Ethereum is one of the biggest coins that do this action.
From the technical analysis perspective, the price of the Ethereum is now trending near the historical bottom and I do think that this time is the right time for you to do a dollar cost averaging to this asset. Let's say it can breaches the white resistance trend line, there are 2 major horizontal resistance that is very crucial. the closest one is the $800 area and the 2nd one is the $1300 area. I mean, it's 650% for the closest one! this is huge comparing with your risk to reward. Buy now, do the dollar cost averaging and hold it for 1 or 2 years, you will become a billionaire! I'm the Ethereum Enthusiast!