3 Key Reasons Behind My Decision to Sell Ethereum
3 Reasons Why I Sold Ethereum and Never Looked Back
The coin's potential has been very slow to materialize. A few weeks ago I decided to offload the vast majority of my Ethereum (CRYPTO: ETH) tokens after holding and accumulating them over the last few years. I don't expect to buy more anytime soon, even if the price drops to attractive levels.
- The coin's price surpassed the target level in my investing plan
The biggest reason I decided to sell nearly all of my Ethereum was that its price was above the level that I had identified as my sell point.
- Transaction fees were too high, and not improving by enough over time
Transaction fees, known as gas fees, are perennially high on the Ethereum chain.
- It's in the uncanny valley of cryptocurrencies
The final reason that I sold Ethereum is that it is presently in a bit of an uncanny valley.
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