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Will Ethereum Hit $100 or $200 Next?

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Ethereum

For every crypto enthusiast, trader, or investor that claims that crypto will go big in 2019, there is an equal amount (or more) of those who remain skeptical and claim that crypto is just a bubble and that the crash is not done yet. After an entire bearish year, accompanied by two major market crashes, it is understandable why people are ready for a significant, positive change. It is also understandable why investors are wondering how much worse it can get from here on.

One of the most often-discussed coins these days is Ethereum (ETH), the third largest crypto by market cap depending on XRP price. Ethereum was questioned a lot recently, especially because it lost its position to XRP in mid-November. It is also one of the most important coins in crypto history, as it brought the focus to blockchain technology and its potential use cases, instead of just focusing on being a form of online cash.

What is next for ETH?

So, where is Ethereum going from here? Will it drop to $100 and below once again, or will it rise and exceed $200 once more? Also, many would like to know whether or not it has a chance of climbing up to 2nd spot on the list of largest cryptos.

As many would expect, the answer is not clear, and many aspects should be considered. Even then, it is nearly impossible to say what will happen to ETH. While it is one of the most important coins in a decade-long crypto history and an official representative of the second generation of crypto, many believe that its technology is outdated. Ethereum has started a trend of focusing on the blockchain, creating smart contracts, dApps, and new tokens.

While its importance cannot be denied, many see it as the coin of the past, with many new coins that offer the same being a lot better. This may refer to speed, price, the number of TPS, or even the difficulty of working on the blockchain. Even though there are more practical alternatives, Ethereum has managed to remain relevant. It already has countless dApps which are used quite a lot, even though none of them went viral recently.

While there are those who believe that ETH will always be in the top, there are also many who claim that any non-Ethereum killer dApp will mean the death of ETH. This is, of course, possible, although it might not be as easy as it sounds. As many who are familiar with the crypto space already know, it is challenging for dApps to gain popularity right now. They are limited to being used by crypto enthusiasts who are also Ethereum supporters, which is a lot of people, but hardly enough to match the popularity of regular good apps. While dApps may be the future, that future has yet to arrive.

Meanwhile, Ethereum is working on improving its technology in order to adapt, and not be forgotten as soon as another project figures out the secret of success. It is working on scaling solutions, just like Bitcoin. The fate of the two coins can be massively impacted by following months or even weeks. This is not due to the fact that Ethereum has a big secret project under the rug, but rather because it is known to follow Bitcoin up and down, whichever route the largest coin chooses to take.

At the time of writing, Ethereum’s price is at $146,88 per coin, with an 8.31% growth in the last 24 hours. For now, it appears that ETH is growing, together with the rest of the market. This indicates that there is a possibility of the coin hitting a $200 mark first, although the high volatility of crypto always leaves other possibilities just as likely. In short, 2019 is expected to be the year of changes, and some of them may have started already. However, it is difficult to say anything with certainty, and investors will simply have to wait and see what will actually happen in the following months.

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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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Altcoins

My Crypto Heroes Announces Issuance of MCH Governance Token

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Tokyo, Japan, 24th November, 2020, // ChainWire //

My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH. 

My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.

What is MCH Coin?

MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.

Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.

The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:

https://medium.com/mycryptoheroes/new-ecosystem-with-mchcoin-en-a6a82494894f

During December 2020 the first governance…

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Altcoins

Rewards Platform StormX Offers 50% Crypto Cashback Bonus for Thanksgiving

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Singapore, Singapore, 23rd November, 2020, // ChainWire //

Blockchain-based rewards platform StormX has released a seasonal promotion for its award-winning Crypto Cash Back App. The promotion will allow app users to earn a 50% bonus on top of their cashback between Thanksgiving Day and Cyber Monday (November 26-30).

StormX has also introduced a brand-new staking service, allowing users to earn an additional 50% per year when they stake STMX tokens. The native ERC20 token of the StormX ecosystem, STMX has a total supply of 10 billion and is available to trade at many of the world’s top exchanges, including Binance and Bittrex.

“With Bitcoin’s price approaching its all-time high, interest in cryptocurrencies has renewed, though some people believe it’s now too expensive to buy in,” said StormX CEO and Co-Founder Simon Yu. “What we have done is create an easy way for such individuals to accumulate bitcoin, ethereum and other cryptocurrencies via everyday shopping.

“We’re also excited to provide users with the ability to earn greater rewards simply by staking their tokens.”

Since the StormX mobile app launched its Shop feature with over 700 stores in February 2020, some 400,000 unique users have been added to the rewards platform. StormX has also witnessed over 50% month-on-month growth for sales. The app is available for download on the App and Google Play Stores, and can be downloaded as a browser add-on from the Chrome Web…

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Altcoins

BITTREX GLOBAL CONFIRMS FREE TRADING AND LISTING FOR TOP DEFI TOKEN

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Valduz, Liechtenstein, 17th November, 2020, // ChainWire //

International cryptocurrency exchange promotes free trading and no gas fees for leading DeFi tokens

17th November 2020 — Bittrex Global GmbH. announced today 8 new DeFi tokens will be listed this week including:

  • UMA (UMA)
  • Aave (AAVE)
  • Balancer (BAL)
  • REN (REN & renBTC)
  • Kyber Network (KNC)
  • Band Protocol (BAND)
  • YF Link – (YFL)

Bittrex Global’s users can trade all of their DeFi  tokens with no trading or gas fees until 2021. The decision to enable free trading on Bittrex Global for DeFi tokens  follows on from the 1,000% growth of the DeFi asset class over the course of 2020.

The decision to enable free transactions will see more investors enter the Blockchain Act’s digital asset regulatory system, supervised by the Financial Market Authority in Liechtenstein (FMA) under the Due Diligence Act which requires traders to comply with the KYC/AML/CFT standards.

“The last year has seen huge growth in DeFi as an asset class and a number of significant milestones completed,” said Bittrex Global’s CEO Tom Albright. “As the asset class matures and more institutional and professional investors look at the fundamentals, we are likely to see increased demand and higher trading volumes for DeFi in 2021.

We’re really excited about what we’re seeing in the space and want to see these DeFi projects grow and help them build stronger platforms through increased adoption. Offering free trading fees…

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