Tag: Ethereum

Ethereum Price Analysis: ETH/USD Sellers Back In Driver’s Seat

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Key Highlights ETH price declined heavily after it broke the $200 and $190 supports against the US Dollar. There is a short term contracting triangle formed with resistance at $178 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct higher, but upsides are likely to be capped near $180 or $185. Ethereum price declined heavily against the US Dollar and bitcoin. ETH/USD tested the $165 level and it remains at a risk of more losses. Ethereum Price Analysis There was a nasty decline in ETH…

Ethereum GPU Mining Profitability Has Declined Dramatically: New Research

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Twitter Facebook LinkedIn New data released by global trading and technology firm Susquehanna has revealed that the profit per month earned for mining Ethereum using a GPU mining rig has fallen as far as zero in November, down from about $150 in summer 2017. The data indicates that in addition to the dominance of more efficient ASIC miners which dominate the Proof-of-Work mining market, GPU mining of ethereum and other cryptocurrencies is suffering from the prolonged crypto market downturn. Impact of Downturn In August, CCN reported that Nvidia wound up its cryptocurrency…

Ethereum Classic Price Analysis: ETC/USD Tumbles To New 2018 Low

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Key Highlights Ethereum classic price declined sharply and broke the $8.00 and $7.00 supports against the US dollar. There is a short term consolidation pattern forming with resistance at $7.70 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair is in a major downtrend and it could decline again towards $7.00 or $6.70 in the near term. Ethereum classic price is under heavy selling pressure against the US Dollar and Bitcoin. ETC/USD traded to a new 2018 low below the $7.00 support. Ethereum Classic Price…

Nearly 1% of All Ethereum is Locked in the MakerDAO Smart Contract

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Twitter Facebook LinkedIn MKR.tools creator Mike McDonald raised a celebratory alarm on Twitter yesterday morning. According to the Ethereum blockchain, about 1 million ether  – or almost 1 percent of the total Ethereum supply – is presently locked in MakerDAO smart contracts. There is now 1,000,000 ETH locked in @MakerDAO smart contracts as of this morning 🎉. A slight rounding error away from 1% of the total ETH supply. pic.twitter.com/0ePQv6mWKm — Mike McDonald (@mikeraymcdonald) November 13, 2018 MakerDAO is the project behind Dai, a second-generation stablecoin offering which very carefully…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, TRON: Price Analysis, Nov. 14

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The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. After months of stability, cryptocurrencies are under a renewed bear attack, as total market capitalization has again dipped below $188 billion. The current sell-off comes after months of range bound trading on markets. This is a negative sign because it shows that, after a…

Two Chains No More: Kik Selects Stellar Over Ethereum for Crypto Token Launch

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Messenger app maker Kik is quitting ethereum for good as it continues to develop its cryptocurrency, dubbed kin. Launched on ethereum early in the ICO boom, Kik has now announced that it will close kin’s atomic swap with ethereum. Without specifying a date, the Kin Ecosystem Foundation said Wednesday that it would soon release a tool for kin holdings off of ethereum. Kik’s token has had several homes in its short life. The company raised just shy of $100 million in crypto during a September 2017 initial coin offering. By November,…

Ethereum Price Analysis: ETH/USD Extends Losses, $200 Holds Key

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Key Highlights ETH price declined further and broke the important $206 support against the US Dollar. This week’s followed key bearish trend line is still in place with resistance at $208 on the hourly chart of ETH/USD (data feed via Kraken). The pair is under pressure below $208 and $206, which could result in more losses in the near term. Ethereum price extended losses against the US Dollar and bitcoin. ETH/USD could continue to move down towards the $200 or $198 support level. Ethereum Price Analysis During the past three…

Ethereum a Few Years from ‘Profound Decentralization’: Co-Founder Lubin

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Twitter Facebook LinkedIn Blockchain technology will power a monumental shift in society from a “scarcity to an abundance mindset.” These were the words of Ethereum co-founder Joseph Lubin speaking last week at the Web Summit in Lisbon, Portugal. Lubin’s Blockchain Impact Theory Delivering his keynote address at the event, Lubin, who is also the co-founder of Ethereum development startup ConsenSys, stated that Ethereum is likely to play a key role in the redevelopment of the internet as a fully decentralised ecosystem. In Lubin’s opinion, the continued growth of blockchain technology will…

Ethereum Price Analysis: Close Below $206 Could Be Destructive for ETH/USD

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Key Highlights ETH price is facing a tough resistance near the $209.00 and $210.00 levels against the US Dollar. Yesterday’s highlighted major bearish trend line is intact with resistance at $209 on the hourly chart of ETH/USD (data feed via Kraken). The pair could accelerate declines if there is a close below the $206 support. Ethereum price is trading near key supports against the US Dollar and bitcoin. ETH/USD needs to climb above $209 and $210 to avoid a downside break. Ethereum Price Analysis Yesterday, we discussed an important support…

Ethereum Classic Price Analysis: ETC/USD Could Tumble Below $9.00

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Key Highlights Ethereum classic price is currently under pressure below the $9.25 support against the US dollar. There is a major bearish trend line in place with resistance at $9.25 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair remains at a risk of more losses below $9.00 if it fails to move above $9.25. Ethereum classic price is currently in a bearish zone against the US Dollar and Bitcoin. ETC/USD may perhaps continue to decline towards $8.80 or $8.60. Ethereum Classic Price Analysis In…