Tag: Ethereum

Yes, EOS, Litecoin, and Ethereum Are Up A Lot, But No, “Altseason” Isn’t Here Yet. Here’s Why

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Major crypto assets like EOS, Litecoin, and Ethereum are up by around five percent on average, and investors have been quick to call the start to an altseason. In crypto, an altseason refers to when so-called alternative cryptocurrencies begin to surge in value amidst rising momentum in the market. Many crypto assets have increased significantly in value over the past two weeks, but considering their steep fall from record highs and their performances in comparison to bitcoin, it is still too early to call it an altseason. How have major…

Ethereum to See Biggest Upgrade Ever Says Investment Fund, And Future is “Bright”

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Ethereum, the second most valuable blockchain network in the global market, will see its biggest upgrade ever soon. Chromatic Capital managing director Grant Hummer says if successfully implemented, it will create major improvements that would make the so-called “ETH 2.0” significantly better than the current version. For many years, the Ethereum developer community has tried to implement second-layer solutions and make a big pivot to the proof-of-stake (PoS) consensus algorithm. Unlike the proof-of-work (PoW) algorithm, which requires miners to mine blocks to process transactions like with bitcoin and Ethereum’s current…

Ethereum Gearing For Another Lift-Off To $160: Uptrend Isn’t Over Yet

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Ethereum is gaining bullish momentum above the $145 resistance versus the US Dollar. ETH is likely to surge above the $148 and $150 resistance levels, while bitcoin already broke the key $8,400 resistance. Ether price is showing a lot of positive signs above the $142 and $145 levels against the US Dollar. It is currently trading near the key $148 and $150 resistance levels. There was a break above a major triangle resistance near $146 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct a…

Crypto Investor Declares Alt Season as Litecoin, Ethereum and EOS Come Alive

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A popular host and crypto investor has made a bullish statement on altcoins. Ran NeuNer’s tweet was met with heavy criticism. Nevertheless, it is difficult to deny that large market cap coins are showing signs of strength. It’s not a secret that most alternative coins or altcoins are dependent on bitcoin. Wherever BTC goes, almost every other crypto token follows. That’s especially true for large market cap coins such as Ethereum, Litecoin and EOS. A score of one indicates perfect correlation. | Source: CoinMetrics Bitcoin’s recent resurgence is helping drag…

Ethereum Classic Cooperative Warns Public Against Apparent Hard Fork Scam

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An Ethereum Classic (ETC) development organization is warning the public against a possible scam that is attempting to exploit users the day after the altcoin completed its hard fork. In a tweet posted by the ETC Cooperative on Jan. 13, they ousted an alleged scam calling itself “EAgharta” in resonance with ETC’s bona fide “Agharta” hard fork: “Needless to say, ‘EAgharta’ is a complete scam, probably from the same people who did something very similar at Atlantis. Stay away.  ETC Agharta did not result in new ‘Agharta coins.’ They are…

This Scenario Will Trigger A New Ethereum Rally: Key Levels To Watch

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Ethereum is showing positive signs above the $142 and $140 supports versus the US Dollar. ETH is likely to smash $148 and $150 to start a new rally, especially if bitcoin rallies above $8,200. Ether price is holding the key $140 and $142 support levels against the US Dollar. The price is struggling to clear $148, but there are high chances of an upside break. There is a key breakout pattern forming with resistance near $147 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct…

Ethereum Classic Successfully Completes ‘Agharta’ Hard Fork

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Ethereum Classic successfully completed the “Agharta” hard fork at block number 9,573,000 at 06:26 UTC on Sunday, according to etcnodes.org. Similar to the network’s last backwards-incompatible upgrade in September, Atlantis, Agharta makes ethereum classic more interoperable with sister-chain ethereum. As part of the hard fork, the Constantinople and St. Petersburg upgrades deployed in tandem on the ethereum network last February will be enabled under Ethereum Classic Improvement Proposal (ECIP) 1056. The 22nd largest cryptocurrency by market capitalization, ethereum classic and ethereum engaged in a messy divorce following the 2016 DAO…

Ethereum Defies Gravity and Likely To Surge Past $150

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Ethereum defied gravity and trading with a bullish bias above $135 against the US Dollar, similar to bitcoin. ETH price is likely to continue higher above the $150 level. ETH price remains well supported above the $135 and $138 levels against the US Dollar. The price is showing positive signs and likely to surge above the $150 level in the near term. There is a key bullish trend line forming with support near $140 on the 4-hours chart of ETH/USD (data feed via Kraken). Bitcoin is also showing a lot…

Ethereum 2.0 Will Come in 2020, According to ConsenSys Co-Founder

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Ethereum’s Serenity will launch by the end of this year, according to ConsenSys Co-founder Andrew Keys. Given the current state of development though, few share his excitement. In a Jan. 7 post published on the ConsenSys site, Andrew Keys shared his predictions for 2020. Keys was one of the co-founders of ConsenSys, having since become a managing partner at DARMA Capital. While Keys’ predictions touched diverse themes ranging from the world economy to human rights, two are especially notable for their optimism. According to the executive, “2020 will see Ethereum…

Plasma Group to Halt Ethereum Scalability Research, Says It Reached Maturity

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The non-profit research organization Plasma Group announced in a Jan. 9 blog post that it would cease studying Ethereum scalability. Identifying funding of public goods as the next key challenge, it pledged to donate its remaining funds to Gitcoin. Plasma Group was founded in Jan. 2019 with the goal of pushing research toward Ethereum scalability solutions based on Plasma technology. It received funding from a variety of organizations including the Ethereum Foundation, ConsenSys, OmiseGo, Matic Network and Gitcoin. The non-profit used this money to conduct research into solving practical obstacles…