Connect with us

Ethereum

Can ETH Reach The $200 Mark?

Published

on

ETH

The past few months brought a shift in the behavior of the crypto market itself, as well as numerous different individual coins. Among them, there is Ethereum, which started 2019 by taking back its spot as the second largest cryptocurrency by market cap from XRP.

Since then, ETH price started seeing recovery, first in February bull runs, and then in March as well. It even managed to grow from $126 to $140 during this period, which is an 11% growth against the USD. However, Ethereum, as well as other coins, have seen their first true rally in 2019 on April 1st, when the coins saw a massive surge that took Bitcoin up by around $1,000, while ETH itself reached $177 in a span of two days.

However, the surge was a bit too sudden, and as always, as soon as cryptocurrencies went too far up, a correction follows. In this case, as well, Ethereum dropped sharply past its support at $170 and was only stopped by the one at $160. The coin even briefly breached this support on April 4th, although it was back above it by April 5th, and its current performance remains pretty stable, with its price between $164 and $165 for the last two days.

Predictions of Ethereum’s growth

While Ethereum’s performance certainly brought a positive surprise for investors, experts actually believed that ETH is just about to see a massive surge which would even allow the coin to hit the $200 mark. This was similar to those predictions which claimed that BTC would certainly grow if it can grow past the $4,200 mark. In Ethereum’s case, its key resistance was at $148, and as promised, both coins past their resistances and surged to heights not seen since the mid-November market crash.

Of course, the prediction that ETH will hit $200 was not turned into reality, or at least not yet, and the highest that the coin has reached so far was $177. The prediction came on Twitter and was posted by The Crypto Dog, who stated that, if ETH can break the $148 resistance, it will manage to end the month+ long range. However, more importantly, it will lay the ground for a surge towards $200 mark.

At the time, this prediction was seen as an extremely unlikely one, as ETH had to break the resistance which has been its biggest problem for the past two months. However, only two days later, ETH surged past it without even slowing down.

However, The Crypto Dog could not have known that, and he based his positive prediction on the altcoins’ strong performance. Around the time that the prediction was made, tokens like Waltonchain, Tezos, Bibox Token, and others all started seeing massive gains, ranging from 5% to 65%.

Meanwhile, Bitcoin’s stagnant price indicated that there is no new cash flow from outside of the crypto market. Instead, the money is going from established currencies into lower-leveled altcoins. However, this is an important indicator in the market, as the investors’ interest in higher-risk coins is typically an indicator of a near-term bullish performance of the market, in general.

Alex Kruger thought the same, predicting that the bear market will finally end if Bitcoin manages to grow past the $4,200 mark. Only two days later, BTC started a rally that took it past $5,200. And, while the market did see a correction, the coins are still seeing much higher prices than before, meaning that the correction was weak and short.

Meanwhile, traders are optimistic about digital currencies once more, and the whole world is once again developing an interest, particularly in Bitcoin and other top cryptocurrencies, which are among the top searches on Google, Baidu, and other search engines around the world.

For the latest cryptocurrency news, join our Telegram!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Photo by David McBee from Pexels

Ethereum

How can Ethereum casino improve the online gambling industry?

Published

on

Ethereum Casino

The undisputed king of the cryptocurrency industry is Bitcoin for the moment. This is an undeniable fact, maybe because it was the first and has been around for more than 10 years. But coming in a close second place is the Ethereum that has also been around for quite some time now. When it first emerged, ETH brought some major improvements to the table, most notably even faster speeds of transactions and the smart contract technology. From the get go, crypto casinos noticed the potential of Ethereum and that’s how the first ETH Casinos started to emerge. Since then Ethereum Casinos started going full throttle towards the progress of the gambling industry, bringing with themselves a ton of massive improvements that are truly revolutionizing the casino world.

The speed of Ethereum Casino

The first thing that everyone in the casino world notices is the incredible speed of the ETH Casinos. This is due to the fact that Ethereum uses smart contact technology that allows players to deal directly with the casino. This cuts down the time significantly and all processes are completed within a matter of minutes. For example, the classic online casinos take days to finalize the transactions, because they wait for 3-rd party organizations like banks. In case of Ethereum Casino, the deal happens directly, which translates into transfers that are made almost momentarily.

Security and Anonymity of Ethereum…

Continue Reading

Altcoins

3 Reasons Why WISE Token Could Be a Massive Winner in 2021

Published

on

WISE token

After working in proprietary trading for over a decade, I decided to transition to crypto in early 2017.  Although crypto is significantly different from traditional capital markets, I managed to successfully find a niche for successful and opportunistic trading.  While 2017 was the perfect time to get involved, the past few years have proven to be a bit more challenging as far as generating ROI.

Cryptocurrency traders have spent the past several years searching far and wide for the next big winner.  While the market as a whole hasn’t been very bull friendly, one specific area that appears to be gaining traction is decentralized finance, more commonly known as DeFi.  This area generally refers to the digital assets and financial smart contracts, protocols, and decentralized applications (DApps) built on Ethereum.  The reason why so many crypto entrepreneurs are flocking to this space is that it allows them to create traditional financial vehicles in a decentralized network, outside the meddlesome control of foreign governments.

One extremely popular DeFi project is Chainlink (LINK) which is a decentralized oracle network that provides real-world data to smart contracts on the blockchain.  Chainlink has seen its token price increase by more than 300% year-to-date.    Another impressive project in the space is Kyber Network (KNC) which has seen its token soar from $0.20 at the start of the year to more than $1.60 at present.  Kyber Network’s on-chain liquidity protocol allows decentralized tokens swaps to be…

Continue Reading

Altcoins

Lotto Nation is Revolutionizing the Traditional Lottery Industry

Published

on

Lotto Nation

As the global economy continues to deal with the economic fallout due to the ongoing pandemic, companies are coming to terms with the fact that normalcy may not return for quite a while.  Many economists are wondering how the business landscape will look a year or more from now.  It’s certainly possible that many businesses, such as retailers and restaurants, may be unable to survive the current downturn.  But while some businesses will falter, others will emerge stronger than ever.

Traditionally, when economies go through a severe downturn, companies adapt.  Those that maintain the status quo usually have great difficulty while those that adapt prosper and conquer.  One possible example of this is Lotto Nation.  Thanks to the entrepreneurial skills of Nils Thomson, the Founder and CEO of Lotto Nation, the company is attempting to completely modernize the traditional lottery industry.

Current Lottery Model is Severely Outdated

It’s safe to say that nearly every human that has ever walked the earth has fantasized about winning the massive jackpot that would completely change their life.  These dreams have turned the global lottery industry into a $302 billion market that is expected to reach $380 billion by 2025.  Despite this predicted growth, the industry suffers from a variety of problems that are preventing it from really exploding.

Perhaps the biggest problem is that traditional lotteries are centralized.  Because of this, there is essentially no oversight on what a lottery provider…

Continue Reading

Press Release