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Has Ethereum (ETH) Finally Found Its True Bottom?




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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Reasons Why You Are Much Safer When Crypto Trading on Dexes




While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021



crypto billionaire

Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level




Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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