With every other Altcoin in the marketing competing against Ethereum (ETH) a spike on the ETH price north keeps creating a lot of anxiety among investors. Being one of the most solid and stable digital coin in the market at the moment, it is easier for critics to look at its flaws rather than the gains.
With just the completed TRON (TRX) airdrop to Ethereum (ETH) user base, there is a lot of anticipation on whether the Ethereum value and price will hold or the recent climb was paged on the airdrop. The coin has been and still is gaining momentum and bearish break is evident.
The popularity of the coin is set to get a boost given that South Korea will soon make ICOs legal are confirmed. With more efforts being put on gaining ground in emerging markets, the Koreas are still the largest market for ETH.
Ethereum (ETH) TRON (TRX) Airdrop Booster
For Ethereum (ETH), investor confidence on the low side, the boost from TRON (TRX) Airdrop is a clear indication that there is a lot more the platform has to offer. The air drop means the TRON MainNet is almost complete and they owe its success to the ETH network. According to Tron’s Justin Sun tweet;
“Thanks for the reply of @VitalikButerin. #TRON benefits a lot from #eth and #eth inspires us to make a better decentralized platform. If you are more familiar with #TRON you will know we have launched Testnet (Mainnet 5/31) and are more than white paper writing. #TRX $TRX”
The Ethereum and TRON rivalry has always shown some suspicion but the airdrop seams to ease the tension; at least for now. Justin Sun has always been critical of the Ethereum platform in terms of transactions speeds, high fees and adoption rates among other issues.
Analysts in the crypto-sphere arena are not ruling out Ethereum emerging as the best performing outfit in 2018. There is still increased interest in launching more ICOs on ETH network and the news that the smart contract vulnerability solution is just around the corner with finality.
Ethereum (ETH) Trading Position Today
With trust creeping back to Ethereum blockchain technology from the investors, there ETH price remains the center of focus. The long awaited proof-of-stake (Casper) might turn the ETH fortunes around but this will take several months before being implemented.
ETH has been making steady gains against the USD and Bitcoin but the recovery journey has not been rosy. At the time of writing, ETH was trading at $748.28 to the USD with a 2.81% growth in the past 24-hours. This is a huge surge given that the coin was trading at $396 30 days ago.
The positive spike is also reflected on TRON (TRX) charts but the Vitalik Buterin outfit seems to be the major beneficiary. Q3 will be able to tell how ETH holds depending on the investor and adopter response from the market. In addition, Justin Sun TRON is sitting on its laurels awaiting the MainNet launch that is set to spur TRX price to another level.
The Short-Term Ethereum Future
Given Vitalik Buterin influence in the crypto-sphere, Ethereum future still looks bright. It not about how but when that price will get back to the hay days of $1,300. The steady recovery is a true testimony that ETH has the potential and a little boost in its image is enough to take it to the top.
However, there are indications that the coin might settle at the $1,500 threshold by the end of 2018. It should be noted that there are upcoming and ambitious Altcoins that are correcting Ethereum mistakes and the competitions is getting stiff every other day
Improving the infrastructure and bringing onboard the Casper are some of the steps to add value to the ETH coin and giving it authority over the competition. The Ethereum (ETH) TRON (TRX) Airdrop is not a rivalry gesture but a way to instill investor confidence and enticing other blockchains to build their ICOs on the Ethereum’s smart-contract supported platform.