Next Target For ETH is $90 Says Max Keiser and This is Why He Might Be Right

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Next Target For ETH is $90 Says Max Keiser and This is Why He Might Be Right

Popular tweet poet and cryptocurrency influencer, Max Keiser took to his Twitter handle recently to make a bold prediction regarding the price of Ethereum. In his Twitter prediction, Max speculated that Ethereum was going to plummet to the $90 mark.

Max Keiser, who goes by the title “Tweet Poet” on Twitter is the founder of Heisenberg Capital, the very first crypto-only VC fund. Max also founded the Keiser Report which proclaims to be the most-watched financial news and opinion show in the world.

Ethereum is a Technological Dead End

Max’s $90 Ethereum price speculation comes after Samson Mow’s statement on Ethereum which described Ethereum as a “technological dead end.” Interestingly, Vitalik Buterin had also commented on Ethereum’s scalability earlier in August, stating that “Ethereum was almost full.” Mow went ahead to include that Ethereum’s death was in directly correlated to its usage. According to Samson Mow,

Ethereum
Source: Twitter

Ethereum, at present, is the No 2 cryptocurrency by both market capitalization and adjusted volume, according to CoinMarketCap. At the time of writing this piece, Ethereum is trading at $169.56 with a daily trading volume of $7.70 billion. The price of ETH has fallen more than 9% within the last 24 hours from yesterday’s price of $187.85.

Ethereum Price Has Decreased By 40% In Q3 2019

Going by quarterly price movement, Ethereum is at a quarterly low today. Ethereum began this quarter starting from July 1st with a price of around $30o and a daily trading volume of $10.3 billion. Ethereum has recorded an almost 40% dip since the beginning of this quarter and a 46% dip since the beginning of this year.

Also, Ethereum also seems to have drastically lost popularity compared to bitcoin. In statistical  data showing how many searches both ETH and BTC receive on search engines worldwide, records show how Bitcoin is a much more searched term than Ethereum.

 

Bitcoin vs Ethereum
Source: Google Trends

Giving Ethereum’s price decline over the last year and the fall in its popularity, Max Keiser’s prediction may prove to be right.

Summary
Next Target For ETH, $90.
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Next Target For ETH, $90.
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Analyst are bearish on ethereum after Vitalik Buterin made it known that ethereum was almost full
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Author: Dare Shonubi

Staff writer at Coingape. Certified cryptocurrency expert and Blockchain journalist covering crypto market analysis and general Blockchain adoption and development.
You can follow me on Twitter at @ShonubiDare or reach out to me at dare[at]coingape.com

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Dare Shonubi 246 Articles

Staff writer at Coingape. Certified cryptocurrency expert and Blockchain journalist covering crypto market analysis and general Blockchain adoption and development.
You can follow me on Twitter at @ShonubiDare or reach out to me at dare[at]coingape.com

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