Cofounder of Ethereum Joseph Lubin Believes There’s No End to Cryptocurrency

2018-8-20 13:06

The cryptocurrency market has shown that it is truly unpredictable irrespective of the forecast that it has received this year about the bubbling. This fear could be seen as a result of the slump in price of some cryptocurrencies in the market for most part of the year against the expectation of most investors.

To contribute his opinion on this, in an interview with a known financial magazine and online platform, cofounder of ethereum who also is the founder of ConsenSys Joseph Lubin said that the fear is not necessary irrespective of the negative trend of ethereum to less than $250 last week, which was its value around Nov 2017 although it trades above $290 but less than $300 as at the time of this writing.

He stated that there has always experienced this shock in ” blockchain ecosystem since 2009 when Bitcoin was invented.” He added “little pimples on a chart” because “growth has been exponential,” as well.

“People are rushing in because they see the promise of the technology. But then, we build more fundamental infrastructure, we see a correction, and the potential gets even more impressive… I absolutely expect that there is a strong correlation between the rise in price and the growth of fundamental infrastructure in the ecosystem.”

He continued by saying that,

“We feel the exponential increase in activity in our ecosystem. It is overwhelming what’s going on in terms of our different product projects, in terms of new scalability technologies, new teams and projects, developers that our entering our ecosystem, new large companies that have gotten comfortable with our ecosystem.”

His new startup ConsenSys was designed to enable new startups within the ethereum blockchain to succeed. He said that the bubble of late last year and the beginning of the second quarter of this year made the cryptocurrency market to witness a “tremendous surge in activity” which has seen development activity rise by “two orders of magnitude.” Even though he knew that trader types contributed to the changes in price of cryptocurrencies but that the ecosystem is growing hence cryptocurrencies are here to stay.

The post Cofounder of Ethereum Joseph Lubin Believes There’s No End to Cryptocurrency appeared first on ZyCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Global Cryptocurrency (GCC) íà Currencies.ru

$ 0 (+0.00%)
Îáúåì 24H $0
Èçìåíåèÿ 24h: 0.00 %, 7d: 0.00 %
Cåãîäíÿ L: $0 - H: $0
Êàïèòàëèçàöèÿ $0 Rank 99999
Öåíà â ÷àñ íîâîñòè $ 0.0012481 (-100%)

cryptocurrency most cofounder year market joseph lubin

cryptocurrency most → Ðåçóëüòàòîâ: 126


Three Important Rules Crypto-Investors Should not Overlook

Cryptocurrency investment has hit its topmost form in recent times after Bitcoin raised millionaires and billionaires in its sudden run in late 2017.   In normal terms, there is the need to consult investment experts for advice before entering the sector, however, due to how difficult it is to get the most important rules before […] The post Three Important Rules Crypto-Investors Should not Overlook appeared first on ZyCrypto.

2018-8-20 22:53


Ôîòî:

China, Ripple’s Number One Priority

The enigma of the Chinese economy is hard to miss. From top tech firms to the most promising blockchain and cryptocurrency start-ups, entry to the Chinese market is a huge strategic step. Ripple, the company behind the xCurrent and xRapid payment platforms and the cryptocurrency XRP, is eyeing this market and hoping to bring its blockchain-based […] China, Ripple’s Number One Priority was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-8-17 16:15


Ôîòî:

Japan’s Biggest Chat App Line Expands Cryptocurrency Offering

Line Corporation, a Japanese Internet firm and the operator of the country’s most popular messaging app, has added Tron (TRX) to its cryptocurrency exchange platform Bitbox. Tron is the first crypto-token to pass the review process by the Bitbox open-listing committee and joins other cryptocurrencies already available in the platform including Bitcoin, Ethereum, Litecoin, Ripple, […] The post Japan’s Biggest Chat App Line Expands Cryptocurrency Offering appeared first on Coinjournal.

2018-8-17 00:24


Ôîòî:

Ethereum Is The Scammers Favourite Coin

According to new research by Kaspersky Labs, Ethereum is the favoured coin for cryptocurrency scammers worldwide. As the most notorious cryptocurrency behind Bitcoin, Ethereum is the obvious choice for a scammer, built on a huge network but with little mainstream attention, it allows scammers to remain hidden, yet still able to access a huge network filled with the potential to commit fraud.

2018-8-16 06:00