Connect with us

Ethereum

Ethereum Price Stability Brings XRP Market Cap Flippening one Step Closer

Published

on

Ethereum

In the world of cryptocurrency, most eyeballs are glued to the top markets. That list encompasses Bitcoin, Ethereum, XRP, and perhaps Litecoin. As far as the Ethereum price is concerned, things are not looking bad nor good right now. A status quo is being maintained, as there is seemingly no interest to push the value up or down in a decisive manner.

No Ethereum Price Shift is a Good Thing

Weekends have always been rather peculiar when it comes to cryptocurrency market momentum. This weekend has been rather bullish for some markets, and resulted in a status quo for everyone else. Given how negative the past eleven months have been, a bit of stability is more than welcome at this time. It may not seem too appealing, but dealing with massive gains and losses in quick succession grows tiresome after a while.

Over the past 24 hours, there hasn’t been any notable change where the Ethereum price is concerned. A minor 0.2% loss in both USD and BTC value is nothing to be overly concerned about The value remains solid at just under $119. Maintaining control over the 0.0325 BTC level is a bit more challenging, but it appears this will sort itself out in the long run.

What is pretty impressive is how Ethereum continues to note a hefty trading volume, even during the weekend. With over $2.8bn worth of trades, this token is in very high demand. Although this hasn’t resulted in any major price shifts to take note of, it also shows there is still a demand for the token at the current value. This may also allow ETH to reclaim the #2 market cap rank over the coming days.

Some interesting news pertaining to Ethereum is making the rounds at this time. The ERC-1155 token standard will be integrated into the Enjin platform over the coming weeks and months. This is made possible thanks to a collaboration between Kriptomat and Enjin, which marks another impressive milestone for Ethereum as a whole. When this will be finalized exactly, remains to be determined at this time

🔔🔔🔔@Kriptomat and @enjin are collaborating to integrate the ERC-1155 tokens via the Enjin Platform and they’re hosting a special giveaway. Read more about it here: https://kriptomat.io/platform/kriptomat-enjin-collaboration/ #enjin $enj #enj #blockchain #ethereum #ERC1155 #enjincoin #cryptocurrency

Kriptomat Becomes the First Cryptocurrency Exchange to Adopt Non-Fungible Tokens to Gamify Trading…

Kriptomat is the first cryptocurrency exchange to adopt blockchain-based virtual items to gamify user experience. Read about our partnership with Enjin

As has been quite apparent over the past few hours there is no Ethereum chart momentum to speak of. In fact, it has been about as neutral as it gets in crypto land. Not a bad trait by any means, primarily when keeping in mind the significant losses sustained over the past 11 months. A neutral sentiment is always better than a strong sell signal.

Twitter Ads info and privacy

$ETH Ethereum ETH/USD – daily – neutral over all down trend volume increase indicates support at 80 mid range 103 top of range test 134 next resistance up 201 VOL ATR Short neutral until conformation.

For the time being, it seems Ethereum is more than capable of holding its own. That in itself comes as a bit of a surprise, as the year 2019 wasn’t off to the best of starts for this token either. However, there may be some genuine long-term momentum brewing as of right now. Long overdue, in the minds of the many, albeit it is still too early to draw any real conclusions.

isclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency

source:nulltx

Advertisement

Ethereum

Ethereum Classic [ETC]: Network numbers shoot up in the wake of EtherNode’s launch by ETC Labs

Published

on

Ethereum Classic’s [ETC] start to 2019 was quite uneventful as the Ethereum [ETH] hard fork was focused more on building its repositories, rather than partnerships and flashy developments. ETC ‘s upgrade phase has been obvious for some time now, with the focus on the network’s all-important Atlantis Network upgrade.

Latest reports reveal that the network numbers for ETC are healthy, as evidenced by factors like increase in market cap, transaction rate, and active addresses. The 24-hour statistics indicated that the cryptocurrency’s market cap had shot up to $657 million, while the trading volume held between the range of $390 million-$392 million. The 24-hour transaction rate was 41,618, which was much higher than the low 30 thousands that the cryptocurrency previously scaled.

Diligent fans of the cryptocurrency were ecstatic upon hearing the news, with @Drake_10 tweeting,“Perfect, that’s what all of us want to hear, We instantly retweeted this to our strong crypto community!”

The team at Ethereum Classic is concerned with the value of personal data and how it has grown exponentially over the past decade. Another point taken into consideration by ETC was the magnitude of the effects of personal data and its inherent value. Taking data safety into consideration, Ethereum Classic Labs launched EtherNode which, according to the organization, is “the trio making trust minimization a reality.” ETC Labs elucidated,“We’re building infrastructure software and hardware to transform the way people connect to and interact with Ethereum blockchains. The EtherNode is a robust piece of hardware designed to not only host nodes but also serve as the base of a secure smart home network. It’s an easy plug and play way to reduce dependencies on 3rd party node hosts made possible by EnOS, the Linux based blockchain OS we’ve assembled.”

Source. ambcrypto

Continue Reading

Ethereum

Ethereum market update: ETH/USD stays above key demand zone – the potential for growth is immense

Published

on

  • Ethereum corrects lower 13.6% from April 2019 highs.
  • Ethereum escaped one range resistance only to fall into another whose upside was capped at $176.62.
  • The demand zone is strong enough to hold off any dips below $160 in the short-term.

ETH/USD has continued to correct lower from the highs posted in April. The asset has lost 13.6% of its value in April alone. Attempts to recover and resume the uptrend towards $200 have been thwarted by selling pressure. In two occurrences the demand zone between $155 and $160 has worked as a key rebound area.

On April 18, Ethereum bulls pushed for a correction above the initial range limit at $170. However, Ethereum escaped one range resistance only to fall into another whose upside was capped at $176.62. Following several days of consolidation above the 200 EMA 2-hour, ETH/USD was caught up in the bear pressure on the market on Wednesday leading to a plunge not only below $170 but also next support target at $165. This time, the price formed a low at $161.01 and while taking advantage of the demand zone commenced the current consolidation phase.

At the moment, ETH/USD is trading at $163.21 and facing immediate resistance at $165. If the growing bullish momentum breaks above the initial resistance, the 200 EMA hurdle will hinder growth. Similarly, as long as Ethereum stays below the 200 EMA, the bears will continue to have an upper hand. Fortunately, the demand zone is strong enough to hold off any dips below $160 in the short-term.

ETH/USD 2-hour chart

 

 

 

source : fxstreet

Continue Reading

Ethereum

Ethereum [ETH] ProgPow implementation would lead to a drastic drop in hash rate, says developer

Published

on

Programmatic Proof-of-Work [ProgPow] has so far been one of the most talked about upgrades in the Ethereum community. The protocol that aims at making GPU mining more efficientagainst ASIC mining also raised questions pertaining to the governance of the ecosystem. This was one of the topics of discussions during the Eth1x/ Istanbul Planning, where Danno Ferrin, a blockchain developer, presented on ‘ProgPow: Flipping the Switch’.

Danno Ferrin spoke about the outcome of ProgPow implementation, assuming the transition happened after the audit was released and it gets scheduled for a Mainnet block. Ferrin stated that one of the results of the implementation would lead to a “dramatic” fall in Ethereum’s hash rate, adding that this would “not be the end of the world” as the work done would remain the same but it would be measured differently.

This was followed by the developer explaining the reason the hash rate would fall. He said,“The biggest reason is that the work done in ProgPow is about twice ‘hard’ as Ethash and part of that comes from the amount of memory access that goes on […] since this is a memory-hard algorithm, that is the primary motivator for how long it takes to calculate the hash […]”

Ferrin stated that the second reason was the different ProgPow periods have a different hash rates. He stated that the program run to calculate the Proof-of-Work would change based on the block number particular block number, adding that every ten blocks the “different randomly generated program is generated” with some being quicker and others being slower.

[…] and probably the biggest reason is the ratio between Ethash hash rate and ProgPow hashrate on a given graphics card is not uniform, it changes based on the vendor, it changes based on the card type […] and those are the things the miners get all excited about, to increase their margin, to increase their profitability […]”

Ferrin explained that the drop in the hash rate would have an impact on the block time and the difficulty bomb. Further, the developer listed the ways this could be handled, first: not addressing the issue. The second was to apply a one-time difficulty adjustment and the third was to apply a pre-algorithm “difficulty multiplier”.

Continue Reading
Advertisement
Advertisement
Open

Close