Connect with us

Blogs

Will Ethereum Hit $100 or $200 Next?

Published

on

Ethereum
READ LATER - DOWNLOAD THIS POST AS PDF

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crypto history and an official representative of the second generation of crypto, many believe that its technology is outdated.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.

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.

Image courtesy of Pexels

Blogs

What Changes May the Crypto Space Experience in 2019

Published

on

crypto
READ LATER - DOWNLOAD THIS POST AS PDF

After the crypto hype of 2017, a lot of newly-arrived crypto enthusiasts were caught off-guard by the price crash and bear market that took over in 2018. One month after another, investors were waiting for things to change, and for another bull run to take place. Unfortunately, this did not happen in 2018, and while the year’s final days were seemingly stable, the rally everyone wanted to see has failed to arrive.

However, crypto investors remain optimistic, with many of them hoping to see some changes arrive in 2019. There are rather great expectations of this year, especially since the last one failed to deliver. However, many are interested in what exactly is to be expected in this year, which is what we will talk about today.

Bitcoin ETF approval

The US SEC’s decision regarding Bitcoin ETFs was one of the most anticipated events throughout 2018. Sadly, the decision constantly got delayed, and the SEC never actually provided an answer. The last delay has pushed the decision into 2019, and it is now expected to arrive on February 27.

Historically, the SEC was never ready to approve Bitcoin ETF, and many believe that the delays came due to the fact that the market was not ready for then in 2018. This is backed by the fact that the SEC rejected multiple application throughout the year. VanEck and SolidX…

Continue Reading

Blogs

Reasons Why 2019 May Be A Great Year For Crypto

Published

on

crypto
READ LATER - DOWNLOAD THIS POST AS PDF

The new year was always considered to be a time of new beginnings, where people can reflect on the past and learn from their mistakes in order to be better in the future. The same is true for the world of crypto, and investors around the world are hoping for 2019 to be better, more profitable, and to have more success than 2018.

The hope for the future is even more important when we consider all the negative development in 2018. There were numerous high-profile hacking attacks, two market crashes, with a strong bear market in between. Not to mention that some of the biggest projects that may have brightened the year a bit ended up being delayed.

With that in mind, it is understandable why investors are looking forward to the new year and all the potential development that it may bring. In fact, there are several reasons why they should be excited about 2019.

1) Bearish market to loosen its grip

The first reason why 2019 can be a good year digital currencies is that it may finally break free of the bearish grip that has been felt ever since last January. Following the first market crash, the bears settled in, and the prices kept falling for an entire year. The market attempted to shake off the negativity on several occasions, with the biggest one being…

Continue Reading

Blogs

3 Coins with the Largest Potential in 2019

Published

on

coins
READ LATER - DOWNLOAD THIS POST AS PDF

2018 has been a pretty bad year for digital coins, and after the initial market crash that occurred a year ago, everyone was expecting a bull run that will fix things. Obviously, it never arrived, and instead of that, all that crypto market experienced was an entire bearish year and another crash in mid-November.

Now, however, it is a brand new year, and attempts to shake off the bears’ grip can be seen even in these first two weeks. The market is still struggling and mostly losing value, rather than gaining, with most coins being in trouble once more. Still, a lot can happen in a year, and most investors remain optimistic regarding 2019. Here are some of the coins that are believed to have tremendous potential, and to be the hope of this year.

  1. Bitcoin (BTC)

Of course, Bitcoin comes first. This is the first cryptocurrency which is still dominating the market, with no other coin being even close to its market cap or price. BTC is the coin that has reached the most prominent heights, and it also lost the most in the previous year. However, there is still hope, as there are several projects and events scheduled for this year that might turn things around for the number one coin.

One thing that is expected is the approval of Bitcoin ETFs…

Continue Reading

Elite