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Has Ethereum (ETH) Finally Found Its True Bottom?

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Ethereum
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The crypto space has seen a lot of activity recently, and investors around the world have been waiting for Ethereum to finally reach a bottom. After months of stability, the market crashed for the second time in 2018 on November 14th, just before the BCH hard fork, and the downward trend lasted for over a month when the situation finally changed on December 17th.

Ethereum seems to be stabilizing

This was the time when cryptocurrencies experienced a new price surge, which lasted for an entire week. While Bitcoin value grew by around $1,000, Ethereum managed to almost double its former value of $80. However, the surge soon ended, and a price correction took place, bringing ETH down to around $130, where it seemingly stabilized.

Now, traders and investors believe that ETH has found a new bottom and that the price might not drop below this point. At the moment, it certainly appears as if this might be true, and the third largest coin by market cap currently trades in the green, with a price of $131 per coin.

Due to price volatility, which is still relatively high among the top-ranking coins, ETH value is still expected to go above and below $130, although this may be where the real decline might end. With less than a week before the year ends, many in the crypto community are hoping for any sign of market stability which might eventually lead towards a new growth in early 2019.

At the time of writing, ETH trading volume is just above $3 billion, while the coin’s market cap sits at $13.56 billion. At the time of writing, Ethereum is one of only 5 coins among the top 10 that are trading in the green, while Bitcoin and XRP — both larger in terms of market cap — are experiencing slight losses. ETH price, on the other hand, seemingly stabilized on December 25, mostly maintaining a delicate balance between $125 and $135.

The recent rally managed to bring ETH to $156.60, which is a new milestone that the coin reached on December 24. Since then, ETH went through a price correction which reduced its value by around $25. When it comes to Bitcoin, the correction took away nearly $400, leaving the largest coin just above $3,800 in terms of price.

Will the situation change in the New Year?

Since many are now hoping that 2019 will bring a positive change to the crypto market, it is possible that the top coins might keep their current prices, at least for a while. However, recent reports suggest that some of the highly-anticipated events that might bring positive impact to the crypto space — such as the launch of Bakkt exchange — might see further delays. If this does happen, the prices may be in for another free fall, although nothing is confirmed as of yet.

One positive thing for the crypto world is its apparent independence from the US stock market, which is still dominated by the bearish market. As such, many consider the crypto market to become a safe haven for traditional investors in the future, although many are still questioning this, and it currently remains a distant possibility, at best.

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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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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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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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