ETH TOPS $570, BTC FINDS FOOTING
It may still be early to say for certain, but it sure is starting to look like the Miner One Community made the right decision to give ETH a chance to rebound.
After falling below US $370 early this month, ether has made a significant recovery and is now trading well above $500. Though it still has a ways to go to reach January’s heights, it appears poised to move further upward in the weeks ahead, with some experts predicting it may overtake bitcoin in terms of market capitalisation.
WILL ETHER OVERTAKE BITCOIN? READ MORE ➔
A recent survey of MIO Token Holders found majority support for letting ETH rebound before making the first purchase of mining equipment. What's more, the recent crypto dip has led to significant decreases in the prices of ASIC miners — the specialised hardware needed to mine bitcoin. If ether’s recovery can be sustained, the timing may be just right to make a move within the next few weeks. We are monitoring the situation closely in order to make the most of your investments.
Bitcoin also seems to be finding its footing at around $8,000 – up more than six-fold compared to one year ago today – and further growth is expected as smart investors "buy the dip", institutional investors move off the sidelines, and interest in the world's most popular cryptocurrency continues to grow.
BUYING THE DIP: DOES GEORGE SOROS KNOW SOMETHING YOU DON'T? ➔
If you believe, like we do, that cryptocurrency is here to stay, then supporting the blockchain network on which it is based will always be necessary...and profitable when done professionally.