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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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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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