Ethereum up almost 20% over the past 24 hours. Since around Thanksgiving the world’s number 2 digital asset has soared an improbable 325%. Is my math right – it’s now $262 versus $82.
I took the temperature of traders at Consensus & the mood & range of views was kinda all over the place. As you’d expect, the general atmosphere was upbeat. And some ardent supporters are throwing out some pretty lofty numbers. Yet almost all these same people caution a violent sell off cannot be ruled out, either. Please do your own research; this is not financial advice. As some folks anticipated, the Binance hack tied up plenty of capital for about a week, and now that the gates are back down & money is freely flowing, in most instances, some of those funds appear to be moving into alt-coins, which couldn’t keep up with btc earlier in the week. Tonight you see Stellar up 25%; TRON & Monero up 15%; bitcoin SV & ETH Classic up 20%. These are healthy moves. Whether they’re sustainable is an open question. I give myself an F for following news reports out of the conference. There was simply way too much going on & to many awesome people to talk to; I didn’t have time to read crypto news stories. Until this market calms down it might be tough to keep up with the info onslaught.