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.
Next target for ETH, $90.
— Max Keiser, tweet poet. (@maxkeiser) August 29, 2019
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, 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.
Giving Ethereum’s price decline over the last year and the fall in its popularity, Max Keiser’s prediction may prove to be right.
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Staff writer at Coingape. Certified cryptocurrency expert and Blockchain journalist covering crypto market analysis and general Blockchain adoption and development.
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