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Here Is How Ethereum (ETH) Could Continue to Fumble in the Markets

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Ethereum
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At the height of the cryptocurrency boom of last December into January this year, two things happened to Ethereum (ETH). Firstly, it was the preferred coin for funding ICOs. The second is that as a result, its demand skyrocketed to peak levels of $1,400 aided by the general crypto bull run of that period. Now the ICOs that were funded during this peak period, have seen their holdings diminish in value as ETH is now valued at $322. This is a drop in value of 77%. Imagine if an ICO had raised $10 Million in ETH back then, that value is now valued at $2.3 Million and could bring challenges in funding the project.

Also worth analyzing, is ETH’s recent weakness after the SEC decided to delay their verdict on the Bitcoin ETF up until the 30th of September. We saw ETH reach new lows of $309 with some predicting that the fall might continue to the upper $200 levels.

It is with this worrying trend that perhaps Ethereum might be slowly becoming obsolete in a fast-paced crypto and blockchain ecosystem. The platform still has scalability issues as well as security vulnerabilities with the smart contracts created on it. As the Ethereum Foundation looks for solutions, other blockchain projects are presenting themselves from all directions and having already solved some of the Ethereum platform issues.

First on the list is the Tron (TRX) project that can handle 80 times more transactions per second than the Ethereum platform. As a matter of fact, the newly released TRON network is doing 308,754 transactions per day, compared to 641,927 Ethereum’s transactions per day, and at the moment of writing this. This means that the TRON network is halfway towards eclipsing Ethereum’s daily transactions, and its Mainnet is hardly 2 months old.

Also, the Tron network uses bandwidth rather than gas. Therefore, transactions on the Tron network are virtually free. More users are sure to flock to the Tron network for the cheap transactions.

Other potential threats to Ethereums’ dominance of smart contracts are Cardano (ADA), Zilliqa (ZIL) and IOSToken (IOST). All these projects have showcased that they can increase the transactions per second (throughput) and make smart contracts on their platform more secure than those on the Ethereum Platform.

Therefore, Ethereum might be headed for further decline before it can be dominant again. The resurgence of Ethereum will be dependant on whether they implement the scalability solutions that have been recommended for the platform. Otherwise, ETH will be the choice currency by traders who simply want to short it.

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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.

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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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