John McAfee, the Founder of McFee Software company and a crypto proponent has time and again proven that he truly is a believer of cryptocurrency. John McAfee is a well-known supporter of Ethereum and is also considered as one of the biggest influencers in the crypto-space.
Now that Ethereum has been seeing a devastating dip after a long time and lot of speculations is going on as to why the price is dropping. Some market speculators believe that this is happening because of the rumor that ICO’s based on its ERC20 platform is selling out in the market right now due to which Ethereum remained to be the only coin falling in the market even when all the other coins including BTC went up for a brief period.
In addition, Ethereum even lost Irene Energy to Stellar and Kin Foundation choose both Ethereum and Stellar for their application. All these factors have created a lot of FUD in the crypto-space and investors are backlashing on the coin.
In support of the coin, John McAfee tweeted:
“Here’s what I find funny: Ethereum is trashed more than any currency, and yet no currency is more necessary and central due to it’s smart contract platform that is used by more than 50% of all new altcoins. It’s like everyone values water, but not the containers it is carried in.”
The crypto proponent even believes that Ethereum might overtake Bitcoin this year. In addition, when the market saw an immediate dip after showing signs of recovery and created a state of panic, John McAfee came to rescue again by Tweeting an image of a coin which with his face on it. The tweet read:
“@Jeff52686745 did the image for McAfee Non-Coin. It has zero value; does nothing… except send the message: In the long run, crypto will not go away. It will not shut down. It will not be controlled or constrained by government. It is here. To stay.”
Lokesh Jaiswal, CEO at FCTInc says,
“I second you. Ethereum is like the MacBook Pro while others are like calculators & Windows PCs”
Dennis Consorte, an Internet marketing professional and cryptocurrency enthusiast says,
“Ethereum is absolutely important because of ERC-20 as the underlying technology of most ICO tokens. However I do think that we’re going to see a sharp rise in ICOs built on Stellar Lumens, NEO and others”
According to CoinMarketCap Ethereum [ETH] is currently trading at $373 with a market capital of $36 billion seeing a dip of more than 9% in the past 24 hours. However, a lot of crypto-investors and influencers seem to be on John McAfee’s side and are vouching to HODL.