Finally ETH dropping, come on..... drop and tank at $300

Just a slight dip only.

Won't go down to 300 lah. 

Honestly i think ether goig to skyrocket and breach 500usd within june or july....

REASON??

All the upcoming ICO and the just finished Bancor,
Almost all of them require almost exclusively Ether payment to participate.

And we got tenX ICO as wootz mentioned this 24th June...

Most possibly another rally for until end of this month

read the white paper. 1eth = 420pay or 1eth = 350?

Just a slight dip only.

Won't go down to 300 lah. 

No stranger to strange milestones, the cryptocurrency sector may soon see a historic first, one that could upend long-held perceptions of its market.

Branded 'The Flippening' by market observers, this new hypothetical is defined loosely as the point at which a competing blockchain network could replace bitcoin as the largest and best capitalized blockchain. Sparked by increasing inflows in cryptographic assets, the concept has already seen a dedicated hashtag and website.

Given that bitcoin invented and popularized blockchain systems, the development could herald a time of new diversity and experimentation for the nascent sector that, until recently, was largely defined in context of bitcoin.
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At earlier points in 2017, bitcoin accounted for more than 80% of the total cryptocurrency market share, though this figure has been higher than 90% at times.

However, so-called alternative cryptocurrencies have drawn robust inflows this year, causing their total market cap to reach a record high of roughly $117m today, a more than 500% year-to-date increase, according to CoinMarketCap.

So, will the event come to pass? And if so, what will it mean?

Analysts queried by CoinDesk largely believe ethereum's ether token is most likely to spur the change, given it has increased 3,000% this year with no signs of slowing.

Indeed, ether's market cap has been drawing steadily close to bitcoin's amid a broader uptick in interest for so-called 'tokens' based on the platform, with the two cryptocurrencies worth $35.9bn and $43.7bn at the time of report.

Bitcoin's governance problems

Still, while some analysts focused on the promise of the ethereum network, others emphasized the perceived difficulties bitcoin has encountered of late as the reason this development could be likely.

Developers and entrepreneurs building on bitcoin are still trying to figure out the best way to resolve its ongoing scaling dilemma, a matter which some allege is limiting the cryptocurrency's use as a medium of exchange. (Though, perhaps benefitting its use as a store of value).

Currently, blocks in bitcoin's blockchain can only include up to 1 MB of transaction date, meaning that they can only process a fixed number of exchanges. Thus far, proposals to increase the block size have failed, and efforts to implement Segregated Witness – a solution that would reduce the total size of each individual transaction and allow more of these to fit into blocks – have failed to gain the needed support.

Other proposals have largely proved short-lived or polarizing.

"Bitcoin is still stuck at [the] scaling dilemma," said Marius Rupsys, cryptocurrency trader and co-founder of fintech startup InvoicePool. "If some kind of agreement were achieved, [bitcoin] could regain much of its dominance."

However, the bitcoin community has not yet found a solution, so ether is benefiting from the situation, he said. As markets respond to these developments, Rupsys expects ether's market capitalization, or the total value of its available token supply, to surpass bitcoin's.

Bitcoin, the first cryptocurrency to scale, has to an extent become "a victim of its own success," said Tim Enneking, managing director of the cryptocurrency hedge fund Crypto Asset Fund.

He also noted that ether has benefited from coming into existence after bitcoin, telling CoinDesk:

    "Ether has learned and has fewer problems – as well as a comprehensive, coherent (more or less) roadmap going forward. It also has leadership. Bitcoin has none of that. And first-mover advantages dissipate if one doesn't continue to innovate."

Charles Hayter, co-founder and CEO of cryptocurrency exchange service CryptoCompare, was also optimistic that ethereum could become the dominant blockchain.

"Ether has a strong chance of surpassing bitcoin due to its strong network effect and ability to negate the governance issues that bitcoin has been subject to," he said.
ICOs crucial

Some market observers emphasized the key role played by token sales (or ICOs) when explaining why ether's market cap might surpass that of bitcoin's.

As these offerings allow participants to exchange bitcoin and ether for digital 'tokens' that grant exposure to new ventures, investors purchasing these tokens (contracts on the ethereum network) frequently use ether because they don't want to miss out.

Further, the concentration of ether in the hands of a smaller set of startups is creating new economic pressures on the network.

"This keeps many ethers locked up in new projects and [fewer] ethers are available for trading," Rupsys noted.

Bitcoin entrepreneur Charlie Shrem offered a similar sentiment, noting: "Right now, an immense supply of ETH gets locked up due to [ICOs]." This "severely reduces supply," and with each offering, more tokens are "locked up", he explained.

Still, projects using this method of fundraising are going to sell some of the ether tokens they raise to pay for development, he said, meaning sell pressure could increase in should this begin in earnest.
Bubbles and potentials

While many analysts provided optimistic assessments of ether's future, some expressed concerns that the cryptocurrency is in bubble territory.

Petar Zivkovski, COO of leveraged cryptocurrency platform Whaleclub, asserted that ether's price is tied heavily to the ICOs that use the alternative asset protocol.

"I personally think ether price is incredibly overpriced, and that many of the ICOs funded will not deliver on all their promises. When that unravels, it's likely to cause a substantial crash in the ether price," he said.

However, he did leave open the possibility that ether's market cap could surpass bitcoin's, depending on how much success ether-based ICOs produce.

Still, analysts also emphasized the influence both networks could have on the world.

While bitcoin could revolutionize the world of currency, ether could have more a wide-ranging influence through its use of smart contracts.

Mati Greenspan, senior markets analyst at asset trading platform eToro, spoke to this potential.

He added that, given its expansive goals, it might be likely for ether to surpass bitcoin in terms of market cap and price, though it may not have the largest network effect by other means.

Greenspan concluded:

    "The development of both bitcoin and ethereum have far-reaching implications for our future world. Respectively, bitcoin and ethereum represent the future of money and the future of the internet."

Not too sure what POT is smoking but I'm likin' it!  Looks like some coins are becoming greener. Hope to see more green coins.

Some news : The #Flippening: Will Ether 'Pass' Bitcoin And What Would It Mean? : http://www.coindesk.com/flippening-will-et...coin-will-mean/
My opinion, it is not a matter of IF, it is a matter of WHEN.

most of altcoin paired with BTC, if BTC market cap share gobble up by other altcoin, there will be some storm in cryptocurrency world, of course, all this depend on those big whaler out there.
Unless, there will be more alt/eth pairing, BTC is too huge now, it will catastrophe event if it does happen ( touch wood! )

""I personally think ether price is incredibly overpriced, and that many of the ICOs funded will not deliver on all their promises. When that unravels, it's likely to cause a substantial crash in the ether price," he said.""


Quite scary too...

My thinking - not necessary so. Flippening in that ETH overtakes BTC in market cap. However, I think BTC will still rise and in fact, for altcoins' sake, BTC HAS TO RISE!

Coindesk being coindesk

$380 isn't overpriced, and once the ICO bubble pops, the corrections will last days at most. Cause people/robots will buy the next generation internet at a bargain rate.

They don't pop all at once, silly coindesk

Hey wootz, are you planning to invest in the status ICO? I think it's got a bright future but not sure if I can get in, any advice in regards to gas price? 

Only bancor has done an ICO, the rest will take awhile.

Within a week or two it'll pop up on liqui.io, bittrex and polo. Yes keep an eye out on twitter and Reddit.

Muahaha... here's comes Siacoin. I want to cash out a bit to BTC for loan shark purposes. 

if you were to purchase tenX token thru poloniex, how do you get the div %? 

They are sent nearly in real time, using COMIT.
Even at exchanges, so don't leave it there and let polo suck your ETH.

Was expecting SC to dip a bit so that I could scoop some...

They are sent nearly in real time, using COMIT.
Even at exchanges, so don't leave it there and let polo suck your ETH.

I noticed some exchanges, the BTC prices were as low as USD2,500 but our own Luno, XbitAsia,localbitcoins are all much higher at around 2.8-2.9k.

Which are the recommended exchanges that we can buy BTC directly with credit card and also later convert to Ethereum in the same exchange? CEX IO?
I noticed CEX IO has ETH/USD pair, does it mean we can buy ETH directly using credit card?

Sorry kinda new here..