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Will Ethereum Hit $100 or $200 Next?

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crypto history and an official representative of the second generation of crypto, many believe that its technology is outdated.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

CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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