Is Ethereum (ETH) Leading a Price Recovery?

2018-9-17 17:51

As some predict the cryptocurrency markets have hit bottom (again) and are now set to recover, Ethereum seems to be quietly leading what may or may not be a recovery with a 11.5% overall price increase for ETH across the week.

Considering Ethereum technology has the widest adoption currently in the sector, it is surprising its Ether (ETH) performance isn’t better. This week’s major dip, then recovery, for ETH has been pinned to a selloff of shorts and other market behaviors rather than a specific event.

So, what is going on with Ethereum at the moment?

ICO Projects Still Hold $500 Million in ETH

Reassuringly, the assumption of some investors that the selloff has included ICO projects deployed on Ethereum has been put to rest by researchers at Diar. The publication concluded Ethereum-based projects hold over $500 million in ETH, a figure that’s not moving right now.

“Some of the most popular and anticipated projects, most of which have yet to launch, are sitting on treasuries north of $500M,” say the researchers.

Ethereum Development is Strong

Ethereum-based development is certainly continuing apace. CCN interviewed Sam Cassatt, Chief Strategy Officer of ConsenSys at TechCruch Disrupt San Francisco this week. ConsenSys are leading the charge in global Ethereum-based development with Cassatt confirming:

“ConsenSys Solutions takes the Ethereum Blockchain technology, designs a solution based on it and then implements that.”

ConsenSys is creating “manifestations” of blockchain technology while “helping all the incumbents in the world realize the use cases of Blockchain at the same time,” explained Cassatt:

“Our general strategy is to just develop the whole ecosystem of Ethereum, get it into the hands of as many corporates and as many governments as possible and get the whole world and realizing what they can do.”

Suggested Reading : Dive deep into Etheruem in our beginner’s guide.

Ethereum 2.0 Roadmap

The Ethereum 2.0 roadmap was also published just over a week ago, which included confirmation of plans for the Ethereum blockchain to be completely Internet of Things (IoT) compatible by the end of November 2018.

Rocket Pool took a detailed look at the roadmap and prospects for Ethereum which could see it become a key piece of technological infrastructure and a platform for new economic systems globally.

Ethereum’s not without competition for this space in our technological future. However, there are many Ethereum projects in development. If just a handful prove successful in coming months the price of ETH may rise, fed by this success.

Is Ethereum leading a recovery? It’s hard to tell, but this week does see ETH with the highest percentage price increase out of the top 15 cryptocurrencies by market capitalization. ETH is beaten significantly by Tezos at 16th by market capitalization showing a healthy 32% price increase across the week.

The post Is Ethereum (ETH) Leading a Price Recovery? appeared first on UNHASHED.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ethereum (ETH) на Currencies.ru

$ 3306.37 (-0.57%)
Объем 24H $25.116b
Изменеия 24h: -1.85 %, 7d: -15.14 %
Cегодня L: $3274.83 - H: $3393.89
Капитализация $398.27b Rank 2
Цена в час новости $ 202.94 (1529.24%)

ethereum recovery price leading eth may considering

Источник: unhashed.com

ethereum recovery → Результатов: 56


Will Ethereum’s “parabolic” DeFi growth be the main factor of ETH recovery?

Year-to-date, the price of Ethereum is down slightly from $155 to $148 and has been noticeably struggling to recover to 2018 levels. As said by Adaptive Fund partner Willy Woo, on-chain fundamentals determine the long term trend of a cryptocurrency like Bitcoin and short term price movements are primarily dictated by margin trading platforms such […] The post Will Ethereum’s “parabolic” DeFi growth be the main factor of ETH recovery? appeared first on CryptoSlate.

2019-11-24 17:55


Фото:

Crypto Market Sees 3% Pullback After A Short-Term Recovery

As Tuesday rolled around, many traders thought that the worst was yet to come for the market, with critics expecting Bitcoin to chip away at the $5,800 support as the week continued. For those who are unaware, the $5,800 level has been continually cited as a strong line of support, with analysts highlighting previous bounces […] The post Crypto Market Sees 3% Pullback After A Short-Term Recovery appeared first on Ethereum World News.

2018-8-19 22:50


Фото:

Top 10 Cryptocurrencies See Green After a Tumultuous Week

Bitcoin (BTC)–After one of the hardest hitting weeks to the crypto markets in an otherwise bearish year, the top ten currencies by market capitalization appear to be in recovery. On Monday, the total market capilization of cryptocurrency dipped below $200 billion for the first time since last year, signaling a relative low from January 2018’s […] The post Top 10 Cryptocurrencies See Green After a Tumultuous Week appeared first on Ethereum World News.

2018-8-18 18:28


Фото:

Bitcoin Staves Off Drop Under $7,500, Investors Remain Bullish

Bitcoin saw a breathtaking run-up over the past few weeks, with the price of the asset rebounding off lows at $5,800 to a yearly high of $8,500 last week. Many attributed this most recent recovery to a series of positive technicals and fundamental indicators, such as the influx of institutional money, along with a resurgence […] The post Bitcoin Staves Off Drop Under $7,500, Investors Remain Bullish appeared first on Ethereum World News.

2018-8-3 23:31


Фото:

Bitcoin Will Flash Dump then Moon, Says Veteran BTC Analyst Willy Woo

Veteran digital currency analyst, Willy Woo, correctly predicted back in late May, that Bitcoin (BTC) would test levels below $6,000 before any signs of recovery would be seen in the markets. Back then, he did not see BTC holding the $7,000 price level and had this to say: I think we are gonna go to […] The post Bitcoin Will Flash Dump then Moon, Says Veteran BTC Analyst Willy Woo appeared first on Ethereum World News.

2018-8-1 17:13


дальше еще 7 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Haven Protocol Token (XHV) crashes after mint exploit

Haven Protocol suffered a mint exploit, with over 500 million XHV tokens minted illicitly, The hack has sent the price of the XHV token down by over 60%. Hacker(s) exploited a vulnerability in the range proof validation code, introduced during the Haven 3.

GRVT becomes world’s first regulated DEX after licensing in Bermuda

GRVT has secured Bermuda’s Class M license, becoming the first regulated DEX globally. GRVT combines 600,000 TPS with compliance, aiming to be the “Goldman Sachs on blockchain. ” GRVT plans global expansion, aligning with MiCA and ADGM for broader regulatory approval.