Ethereum has been trading above $300 in the last 2 days and it even went beyond $310 yesterday where the coin topped at $318. Later, a price correction happened, and the price slipped below $310 today. Ethereum has been a result-giving coin without much risks and speculations for the investors who do not want to have risky investments in their portfolios. Time and again, Ethereum has been proving its worth. The current market statistics of the coin are as follows:
ETH Current Market Statistics:
- Ethereum is currently trading at $308.92 at 7:04 UTC as on 10th July.
- The market cap of the coin is $33,058,429,872 with a 24h volume of $10,359,199,098.
- The Circulating Supply of the coin is 106,837,043 ETH.
- Ethereum currently fetches >9000% Return on Investment.
ETH to USD Price Comparison:
The above 24-hour chart shows that the intraday movement of the coin has been oscillating along the graph. The coin started with an upsurge yesterday. Around 2:33 UTC it went as high as $318.05 and then started descending gradually. It went as low as $302.97, almost near to its major support level of $300 at 20:18 UTC showing a fall of 4.7% on the same day. Today around 2:59 UTC the coin again gained the momentum and mounted as high as $314.84. It was just when Bitcoin had crossed $13,000 and laid an equal impact on Ethereum. But the coin could not hold itself there for a long time and currently trading below $310.
ETH Price Prediction and Conclusion:
If the coin continues to fall below the current trading price, it would face the major support at $300 and if it bounces back from the current price mark, it would face a major resistance at $320. Ethereum is a graceful investment avenue and has never failed to fetch proportionate gains for its investors. The coin is expected to trade around $500 by the end of the year.
Ether Price Will Hit $1,000 Again, Survey Says as Altcoin Faith Remains
Ether (ETH) is most likely to trade above $1,000 again in the future, according to the global cryptocurrency Twitter community.
54% say $1k Ether price possible
According to the results of a survey administered by An Altcoin Trader’s Handbook author Nik Patel on Aug. 10, 54% of respondents think ETH/BTC will see $1,000 once more.
Ether is the largest altcoin by market cap, but has seen its share of the crypto pie relative to Bitcoin (BTC) decrease dramatically since its all-time highs in January 2018.
Having previously reached more than $1,400 per token, Ether currently trades at just $213.
As Cointelegraph reported, multiple analysts have sounded the alarm over altcoin markets in general in recent weeks, as Bitcoin continues to dominate rankings and investor returns.
Some believe altcoins will never again rally to the extent they did in previous years, meaning tokens such as Ether should notionally remain at the lower end of their historical trading corridor.
Don’t jinx it
According to Patel’s survey, however, most lay traders do not share that view. Out of more than 5,000 respondents, only 34% were willing to predict that ETH/BTC would never reach four digits.
The optimism may still be misplaced; one year ago, Fundstrat senior analyst Tom Lee made the ill-fated call that ETH/USD would rally to $1,900 by the end of 2018.
Developers are continuing to press on with major protocol changes as part of the Ethereum 2.0 project, with co-founder and well-known speaker Vitalik Buterin pledging to take a more hands-off approach in recent months.
Earlier this month, however, he implied he had no interest in seeing Ether usurp Bitcoin’s dominance, saying that he would support the coexistence of Bitcoin and Ethereum on a technological level.
China: Police Investigating EtherDelta Over Alleged Exit Scam, Report
Chinese police are reportedly taking legal action against non-custodial token trading platform EtherDelta in connection with an apparent exit scam.
The news was reported on Aug. 7 in a series of tweets published by Dovey Wan, founding partner at blockchain-focused investment firm Primitive Ventures.
New Chinese owners allegedly used EtherDelta for exit scam ICO
Wan’s tweets indicate that the alleged exit scam involved the sale of native exchange asset EtherDelta Token (EDT) following the acquisition of the exchange by unnamed Chinese investors:
“The actual beneficiaries of EtherDelta are all Chinese after ownership transition in 2017 […] Basically [the founder] Zack Coburn sold EtherDelta to a group of Chinese who later issued exchange token $EDT and turned out to be a exit scam. Now furious investors of $EDT whistle blowed to local police the case was recently taking into official investigation process”
Wan added a further tweet, noting that “FYI Chinese police shows no mercy if any crypto scam involved large amount of retail capital.”
Run-in with the U.S. SEC
EtherDelta, a non-custodial marketplace for trading ERC20 tokens, enables users to trade digital assets by means of an order book and Ethereum blockchain-powered smart contracts.
The exchange had faced legal difficulties in fall 2018 when the United States Securities and Exchange Commission (SEC) charged founder Zachary Coburn with operating an unregistered securities exchange.
Coburn neither admitted nor denied the findings, but he consented to cooperate and to pay the state $300,000 in unlawful profits. Moreover, he agreed to pay $13,000 in prejudgment interest and a $75,000 penalty.
This May, crypto analytics startup Coinfirm found that over 500 of the ether (ETH) stolen from hacked New Zealand-based cryptocurrency exchange Cryptopia — worth over $125,000 — had been moved to EtherDelta.
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