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Will Ethereum (ETH) Go Beyond $200?

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The new year has started positively for a lot of cryptocurrencies, including the top 10 coins, many of which have seen a noteworthy increase in price during the last several days. After an extremely bearish 2018, many in the crypto world have been looking forward to a bit of positive development, even going as far as to expect a full-scale bull run.

While this is definitely not what is happening right now, some of the highest-ranking coins have been expressing a subtle desire to grow once more.

Ethereum showing signs of growth

Ethereum (ETH) is one of the best examples of this, as the coin experienced a mild grow during the first week of 2019. Despite a few minor drops in the last eight days, ETH has mostly been growing. Its price climbed up by around $25 in the previous week, which some analysts took as proof that the coin is ready to grow once again.

As all other cryptocurrencies, Ethereum is also heavily influenced by Bitcoin, and BTC still dominates the market with more than a half of the crypto market’s total market cap. At the time of writing, the market, including Ethereum, is once again experiencing minor drops. However, since nothing critical has happened in the crypto world recently, this might just be the market’s natural attempt at finding stability.

However, things are about to get interesting for Ethereum, as the coin is scheduled to have as many as three hard forks in the next few days. The forks will come as a consequence of new updates, one of which is expected to bring new changes to the way ETH network operates, and tackle the blockchain’s scalability issues.

Considering the fact that the BCH November hard fork is still very fresh in investors’ memories, a lot of them are waiting to see what potential consequences might emerge from Ethereum forks. Furthermore, analysts have noted that a drop in price is not unusual after similar events, especially if new coins emerge from the split.

Whether or not these predictions will come true remains to be seen. Even so, many remain optimistic regarding the forks, stating that ETH network will likely emerge strengthened.

At the time of writing, the Ethereum price is at $150, after experiencing a 4.14% drop in the last 24 hours. However, as mentioned, this might be only the next one in a series of minor drops that arrive after a small price boosts that ETH has been experiencing in 2019. The coin is still the second largest one in terms of market cap, after taking over its position from XRP, which managed to hold on to it for over a month and a half.

Ethereum’s trading volume in the last 24 hours is still quite high, being at around $2.4 billion. In comparison, Bitcoin’s trading volume is at $4.94 billion.

It is still unclear where the coin will go from here, and how it is going to behave after the hard forks are performed. However, significant changes are expected to arrive at Ethereum’s ecosystem in the following week, and ETH investors will likely keep a close eye on the project during that time.

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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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Blogs

Reasons Why You Are Much Safer When Crypto Trading on Dexes

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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

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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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Altcoins

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

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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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