Joseph Lubin Of Ethereum And ConsenSys: Crypto Growth Still Strong Despite Market Drop

2018-8-20 10:32

Ethereum’s Co-Founder Joseph Lubin Believes That Drop In The Market Will Not Harm Cryptocurrency Growth

Joseph Lubin, Ethereum’s Co-Founder is bullish on virtual currencies and the crypto market. He said that he does not believe that the recent drop in the price of cryptocurrencies will affect the long-term growth of the market.

He commented these things in an interview with Bloomberg, explaining that volatility has always been present in the blockchain ecosystem after Bitcoin was invented in 2009. At the same time, he stated that those drops will seem like ‘little pimples on a chart.’ Mr. Lubin explained:

“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.”

Lubin left Ethereum some time ago in order to launch ConsenSys, an important organization that helps companies and other projects to build using Ethereum’s network. After each of the bubbles, there was a tremendous surge in activity. In general, the time between two bull markets, is used by companies in order to build infrastructure, improve services and products, and be better positioned for the next positive period.

Additionally, he said that the constant volatility in cryptocurrency prices will not affect adoption of the development of infrastructure in the system.

He has also said that they feel that there is an exponential increase in activity in their ecosystem. Furthermore, he stated that in terms of scalability technologies, teams and projects, there is a very good atmosphere to work and improve.

At the moment of writing, Ethereum is being traded around $302 dollars, according to CoinMarketCap. It is also the second most important virtual currency in the market with $30 billion dollars value. Some weeks ago, Ethereum (ETH) reached new lows this year after being traded close to $250 dollars.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ethereum (ETH) на Currencies.ru

$ 3371.55 (-0.23%)
Объем 24H $36.067b
Изменеия 24h: 0.20 %, 7d: 8.09 %
Cегодня L: $3289.45 - H: $3397.43
Капитализация $406.035b Rank 2
Цена в час новости $ 298.47 (1029.61%)

market drop joseph growth lubin ethereum co-founder

Источник: bitcoinexchangeguide.com

market drop → Результатов: 85


Фото:

Does Bitcoin Price Needs To Fall to $5000 Before Bear Market Is Over?

Bitcoin Mercantile Exchange (BitMEX) CEO Arthur Hayes says the Bitcoin price must still drop to $5000 before ending its 2018 bear market. Hayes: ‘I’d like To See Us Test $5000’ In comments which echo other prominent trading figures — such as Tone Vays — Hayes told CNBC yesterday that, despite prices rallying this week, sentiment will fizzle out and Bitcoin will continue falling lower.

2018-7-21 23:00


Фото:

Bitcoin will drop below $ 6400, Crypto Markets loses $ 24 billion in single day

On Tuesday, July 10, Bitcoin along with the entire cryptocurrency market witnessed a major pullback on the charts with the entire cryptocurrency market losing $24 billion in one single day. On Sunday, July 8, Bitcoin crossed past $6800 and everyone was optimistically eyeing it to break the $7000 resistance. At the press time, Bitcoin is

2018-7-11 11:16


дальше еще 36 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Ripple’s XRP Surges 188% After Trump’s Victory, CEO Garlinghouse Optimistic

Ripple Labs is poised for a significant transformation as Donald Trump assumes the presidency, potentially reshaping the landscape of U.S. cryptocurrency regulation. The company's CEO, Brad Garlinghouse, shared his optimistic outlook in a recent interview, highlighting how the new administration could alleviate longstanding challenges Ripple has faced under the Biden era. XRP has made [...]

5 key metrics hint at Ethereum's next big bull run – Here's what to watch

Ethereum whales are accumulating while reduced selling pressure hints at a potential supply squeeze. Growing daily transactions and short-term holder interest suggest ETH’s next bullish phaseThe post 5 key metrics hint at Ethereum's next big bull run – Here's what to watch appeared first on AMBCrypto.

Vitalik Buterin invests in THIS token on Base crypto, triggers a 350% surge

Vitalik Buterin’s investment in ANON fuels privacy token surge, boosting market cap to $36M. Coinbase’s Jesse Pollak also backs ANON, signaling strong support for privacy-focused crypto. The post Vitalik Buterin invests in THIS token on Base crypto, triggers a 350% surge appeared first on AMBCrypto.