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Ethereum Price Analysis: Positive Developments in the Cards

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Ethereum
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The Ethereum blockchain, which went live on 30 July 2015, has evolved over the years to become one of the largest blockchain ecosystems in the market. Just like Bitcoin, Ethereum operates as an open-source, distributed digital platform built by several people across the globe, offering leading-edge blockchain solutions to investors. But unlike Bitcoin, which is powered by Proof of Work protocol, Ethereum provides a more adaptable and flexible solution, running on smart contracts.

With the crypto market booming with thousands of new currencies, the market has become exceedingly volatile, experiencing frequent price drops. The rapid rise of altcoins, along with the faltering state of the market, has challenged the ascendancy of big currencies like Ethereum. Looking at the market response of the past few months, ether has been in a constant flux, with the market receiving a boost in the form of new innovations. An inside look at the developments in the Ethereum network divulges some exciting upgrades on the blockchain. In case you are missing out on what’s up with this eminent blockchain platform, here’s a brief summary of the latest developments on the blockchain.

Buterin Announces Transition to Casper v2 

As per the Ethereum Core Devs Meeting held on June 15, Vitalik Buterin has revealed some important upgrades to Ethereum, which include Casper and sharding. The update rejects the proposed Casper FFG with Casper v2, which would serve as a beacon chain joined to the main system.  By separating the proof-of-stake (PoS) counterpart from the main chain, Ethereum would enable users to make their own voting rules alongside rules about adding or removing blocks. Subsequently, a sharding function will be activated on the beacon chain, which will run on the PoS consensus algorithm of Casper. Explaining the sharding process in the meeting, Buterin observed that the transition would be smooth “because basically, here, there would only be one validator set and only one way to get into the validator set – only one kind of validator – right from the start.”

Aventus Protocol Goes Live on Ethereum MainNet

Speaking of the latest developments on the blockchain, Aventus’ announcement of implementing Aventus Protocol onto the Ethereum MainNet has generated quite a noise in the crypto market. With the vision of transforming the live entertainment industry, Aventus aims to introduce secure modes of ticketing events. According to the reports, the enterprise anticipates putting an end to widespread problems of fake tickets and abnormally high resale prices by limiting resale prices and eliminating risks of duplicate tickets.

Coinbase Adds Support for Ethereum Testnets and Custom ERC-20 tokens

Toshi, the Ethereum-based digital platform operated by Coinbase, has added support for Ethereum Testnets and custom ERC-20 tokens. Following the integration of Ethereum Classic (ETC), the Coinbase team disclosed that one of the mid-term strategies of the company involves supporting ERC-20 tokens, including initial coin offering (ICO) tokens and independent blockchain projects. The Coinbase official report states: “We have previously announced our intention to support the ERC20 technical standard and Bitcoin forks. We will announce the intention to add specific assets within those categories prior to final engineering integration. This is consistent with our public process for adding new assets.”

Ethereum and the Market

With Bithumb hack generating shock waves across the boards, the aftermath of the event did not leave a long-lasting impact in the market, and much to the investors’ delight, the prices are creeping back gradually. As the total market capitalization is progressing towards $300 billion, all the top currencies are recovering their losses. This means Ethereum is also showing signs of a recovery.

Going by the price records of last 24 hours, Ethereum has witnessed a steady 3.6% rise, taking the value to $540. While it’s hard to determine whether the price has finally stabilized, positive price movements are on the cards, with the price charts showing signs of a further rise. The top-performing altcoins in the market, which are trading the green, are going strong. Interestingly, the only coin trading in double figures as of 21st July 2018 is Ethereum Classic. Available for trading at $541.34, ETH has moved up by 3.45% from its earlier position. With a market capitalisation of $54,246,332,457, Ethereum boasts a trading volume of $1,507,650,000 at the time of writing.

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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

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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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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KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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