The best opportunity for short-term high profits by investing in Ethereum. There is a huge opportunity of getting high profits after Chinese has ranked Ethereum as a top cryptocurrency based on certain criteria. No one can doubt the overwhelming number of traders from china. Initially there was no competition in number of traders from any other country. We all know that China was mining more than 90% of Bitcoins before Government bans. The harsh treatment from Chinese government resulted in a ban crypto trading ban but the traders found a way out. It means the Chinese Traders are still in majority and have a high potential to impact the price of any cryptocurrency.
Please read this: China Releases a List of Top Cryptocurrencies with Ethereum at No. 1
The best opportunity for short-term high profits by investing in Ethereum
Chinese Government Ranking crypto currencies
China is undoubtedly the worst country for crypto traders. Because of their harsh treatment, no exchanges are currently operating there. The exchanges had to move to other countries to start doing what they do. Following the relocation Chinese traders went with them to keep doing crypto trading. The only problem they were facing was making the transactions. They found a way out by using Fintech applications but the Government went after these third party payment facilitators. To cut short, the government went to all extent to stop any kind of activity related to crypto trading.
How Ethereum could become highly profitable in just a week’s time
Thousands of traders will follow the ranking to trade Ethereum. The market mostly trade on the news and it was well circulated news around all the influential news platforms. The impact of this news will be seen shortly on the exchanges. There is a high chance that huge number of traders who are currently finding very little trading signals will opt for Ethereum following the news.
What if the Ranking system is less logical or trustworthy?
This is an important question. People are raising questions on the methodology of the ranking system where Bitcoin has been pushed back to number 13. Bitcoin is a pioneer currency and is highly popular and it is the first one to use blockchain. In fact it was Bitcoin who introduced Blockchain to the world. The transparency, immutability and faster execution of task is all because of Bitcoin. This seems unfair to see Bitcoin at number 13.
Please also read: Facebook may launch its own Cryptocurrency: Report
Analysts are doubting the efficiency and objectivity of the ranking. The other such placement is that of Steem. Steem is a simple platform which doesn’t require to use blockchain for high level tasks but it was promoted to number 2. But despite all these questions, the news will still draw the same positive effects on the price of Ethereum. If you don’t believe the ranking to be true, you can’t afford to sit on the back benches. The price will still see a huge upward trend because the news has been circulated. The majority of the traders don’t think analytically and only follow the intuition. The platform is all set for Ethereum to go higher in value and reward its believers and non-believers.