Ethereum’s Genesis Chart – The Next Generation Cryptocurrency
Bitcoin has gotten a lot of press recently in the astrological community as its price has risen greatly in the last few months. However there are many other cryptocurrencies out there and it is due time to look at their charts too. Right the now one of the best performing cryptocurrencies out there is Ethereum. This cryptocurrency is the best position to challenge Bitcoin as the top cryptocurrency.
Ethereum was created in 2015 by an assortment of early Bitcoin enthusiasts on July 30, 2015 through the Ethereum Switzerland GmbH and Ethereum Foundation, with both organizations based in Switzerland. This means unlike the Bitcoin chart we do have an location to base the Ethereum Genesis Block since the founders choose a specific city to base their operations in.
Development of this project started back in 2013 with its stated goal as creating a new cryptocurrency that was smart-contract compatible. A smart-contract is a programmable contract that is able to automatically execute, control or document legally relevant events and actions according to the terms of a contract or an agreement.
A good example of a smart contract application in the modern financial world is a contract to execute the sell of a stock at certain price. Bitcoin never had this capability designed into it, which made it unsuited for this task. Therefore, many were determined to create a new cryptocurrency that was able to easily create smart contracts. One that would be considered by some as Bitcoin 2.0
Looking at Ethereum’s Genesis Chart, several things stand out. First in the 0 Sagittarius Ascendant. Essentially, the completely new concept and one that expands the use cases for cryptocurrency. Since it expanded the use of cryptocurrency to smart-contracts it is fitting that Gemini is on the Descendant. Both Jupiter and Mercury are in Leo in the 9th House which also fits with theme as smart contracts could be legally binding.
It is interesting that Saturn is on the Ascendant too, but in Scorpio and technically in 12th House. This his wasn’t just a random attempt to make the smart contract concept work. The organization behind this effort put some serious work in behind the scenes to make the program work well.
There have only been a few minor problems with Ethereum. It has worded very well in its stated goal of allowing users to ability to create a multitude of different types of smart contracts. But the question of Ethereum’s relationship to Bitcoin does remain. Is it Bitcoin 2.0 and something that can replace the world first cryptocurrency?
The answer is interesting when comparing the two charts with one another. Several major connections are seen including two partile ones. Venus opposite Venus (exact!) and Ethereum’s Pluto conjunction Bitcoin’s Sun (10”)
The Venus Opposition aspect is most interesting. Bitcoin is saying money (cryptocurrency) should be ideally like this, while Ethereum takes the exact opposite approach in making it way more practical! The Pluto on Bitcoin’s Sun is like we are going to be more powerful than you will be in terms of finance. Definitely a direct challenge to Bitcoin.
Probably the most interesting aspects are the nodal connections between the two chart. Ethereum’s Sun is on Bitcoin’s South Node while Ethereum South Node is on Bitcoin’s Moon. Like or not these two cryptocurrencies are now is this type of relationship. Ethereum is worth way less than Bitcoin because it was second, So its Sun is lessened by Bitcoin’s South Node. But nearly of all of Bitcoin’s users use Ethereum because it well it is more useful, hence Ethereum’s South node affect Bitcoin’s Moon
So Ethereum is while being the more practical and powerful successor to Bitcoin is not likely replace it in at all. Bitcoin may be more valuable than Ethereum based scarcity, but Ethereum is the more useful cryptocurrency at this time. Instead think of them in a complimentary relationship as shown by the Nodal connections. Investing in Ethereum by itself is fine, but most people investing in cryptocurrency will likely be drawn to both based on the different use cases for each.