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Buy Ethereum On Any Weakness

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@rollandthomas
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There is now over $2 billion worth of ethereum locked in ETH 2.0 seeking low double digit annualized interest. It’s estimated that 32 ethereum staked would equate to least $2,500 in interest over the one-year when the network launches.

Speaking of the present price, Ethereum was down more than 10% and over the past week, the price is down close to 6%. The bloodbath has been so bad that the nearest daily demand at $580 was breached.

However, price is stil in an uptrend. But if the origin of the most recent impulse move doesn't hold, price action suggests the uptrend has ended. I personally wouldn't call this a demand zone, it's just a pivot low.

The sky isn't falling, quite the opposite, it's an opportunity to buy ethereum on discount. Many businesses see the value of and are building applications on top of the ethereum blockchain such as DocuSign,

DocuSign, the San Francisco-based company that specializes in electronic signature technology, has announced the integration of the Ethereum blockchain into its signature and transaction service.

The newly integrated technology will enable clients to verify signatures via cryptographic hashing protocol implemented against the original signed document, agreement, or contract. The system works by encrypting documents and assigning them to a hash. Then, you can make a comparison to check if it has been tampered with.

DocuSign, which has dominated the e-signature space for years, has touted the move as highly beneficial to customers looking to have agreements exist in a neutral environment outside of the control of any party. Hashing signed documents against the blockchain also offers additional security because the hash acts like a fingerprint. The actual content of the document is kept private.

Source

But to execute a transaction, you're charged a fee in Ether. As more real-world applications are powered by the Ethereum blockchain, there will likely be an increasing demand for Ether. This will result in higher and higher prices for Ethereum. So use any weakness to buy while prices are sub $600.

This post is my personal opinion. I’m not a financial advisor, this isn't financial advice. Do your own research before making investment decisions.

Posted Using LeoFinance Beta