In recent days we have seen good bitcoin support in the region between $ 9500-10000. Psychologically this is an important region. OK. On the other hand, despite the recent correction, we see tops and bottoms forming in Ethereum chart.
The BTC investor is not motivated to buy above $ 12,000 and the daily indicators have begun to show signs that a new low is getting closer. The Ethereum investor is more motivated. This is a market sentiment.
This little article is about an issue that I've been reflecting: Ethereum comes with more force than the BTC for 2018 again?
First, my trades are mostly based on BTC charts. Why? Because the crypto world is still highly correlated with the Bitcoin market cap, and all its movements affect the other currencies.
Okay, I know there are exceptions. But these exceptions are always related to strong news about certain currencies and not to market sentiment. Bitcoin is still the best mood gauge on the market - Fact.
However, the graph above demonstrates that, unlike most crypto-coins, Ethereum has been performing bitcoin-independent behavior in the first month of 2018. Although BTC still has strong influence. Despite the moment, ETH comes forming tops and bottoms upwards, contrary to BTC .
Let's answer the previous question: Yes, in my opinion ethereum comes as a favorite when compared to BTC for 2018. This opinion is based primarily on the Ethereum fundamentals. Until another platform emerges, this fundamentals are responsible to the growth of the crypto world. In addition, the ethereum platform serves many other functions. Many of these functions we still do not know. It will depend on the programmers creativity.
The only thing that is certain is: for the platform to work, it needs ETH. The more you grow, more ETH will need. The formula is simple.
We have other currencies that also promise a great year like NEO, ETC, Monero, LTC and others. But who will be the mood regulator of the market in the future?
This is just a reflection that the days of bitcoin dependence may be in touch. Probably in a few years we will be ETH dependent, or another platform even better in fashion and conquer our hearts.
I hope this article can help you see the best opportunities for the future. Keep your eyes open.
A good week!
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