Ethereum Price is soaring and it has investors breathing a sigh of relief. Last week ETH scared me half to death when it dropped to 9.77 on BTC-e.com. I had to moved all my coin to Coinbase to get a better price and i cashed out. I took a lost but ill explain why i did that. If you study the history of some alt currencies like Peercoin you will find that sometimes alt currencies can jump and stay stable but then fall rapidly. Ethereum has been doing pretty well but it only came up this year from $3 a coin. If you bought at 9.80 ad waited until 10.30 to sell thats $50 per 100 coins. Not to bad for a short term trade rite?
What could have caused the price surge in Ethereum? We have a new big start up and they are using ETH smart contract tech to make the business thrive. https://chronobank.io/ Plans to change the workforce industry the same way Uber changed the taxi business. They want to create a time based currency and cause a revolution in sub contracting basically. They want to do it without the banks and make sure everyone gets the rite amount of money for what they do. Anytime a company with potential like this one comes around you will almost always see a price surge.
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