According to, the crypto market has increased roughly fourfold over the past year. It does not store any personal data.The crypto market breached the US$3 trillion mark on Monday, rising to a record US$3.1 trillion in market capitalization after the digital assets saw robust gains in intraday trading.Ĭurrently, there are 429 crypto exchanges and 13,791 crypto assets in the market. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. The cookie is used to store the user consent for the cookies in the category "Performance". This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. The cookies is used to store the user consent for the cookies in the category "Necessary". The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". The cookie is used to store the user consent for the cookies in the category "Analytics". These cookies ensure basic functionalities and security features of the website, anonymously. Necessary cookies are absolutely essential for the website to function properly. If Ethereum can successfully attain its resistance at $1,500, then it might be quite easy for the market to experience a bull run.Ī rise in the trend and price of Ethereum might also encourage more investors to buy into the market and overall improve the condition of the entire market. With the hopes surrounding the coin, investors are still quite skeptic about its prospects.
Amid this chaos, the price of Ethereum have struggled to stay afloat more than that of Bitcoin. The volatility in the Ethereum market sometimes can be an opportunity for smart investors who continues to identify patterns and generates profits from their investments. And one of the reasons why ETH has gained much attention is because of its liquidity. Since the launch of Ethereum, over the years it has grown to become one of the most popular coin as compared to other cryptocurrencies.
ETHEREUM CRYPTOCURRENCY WILL JETTISON SPEEDIER SOFTWARE
He also mentioned that the regular software updates on the ETH network has turned into a form of security. Related: Is Cryptocurrency Still Worth Buying? Investors might experience some sort of relief amid the crashĪltcoin daily did a recent interview with Saylor, and he was asked about his opinion on Bitcoin and Ethereum where he pointed out that only Ethereum has changed over the years. The cryptocurrency market volatility has stopped the crypto from having the foothold it needs and enhancing its prices.īut since Michael Saylor talked about it, Ethereum investors are probably not worried about it anymore since his statement could help bring some hope for investors. And Ethereum is also struggling to regain its lost status in the market, just like Bitcoin.Įthereum is currently trading at $1,070 as of the time of writing this post and Bitcoin trades at $19,737, however, bull investor Michael Saylor (Co-founder of MicroStrategy) still believes Ethereum continues to be a big investment has still has the potential to overtake Bitcoin and be the biggest cryptocurrency in the world.ĮTH was trading within the ascending triangle as predicted, and it scared investors and still has the possibility to fall to the US$900 resistance. It is already known that ETH is one of the stronger cryptocurrency in the market and recent surveys revealed that the price of Ethereum began to drop as soon as Bitcoin dropped to its all time low. One coin that has continued to attract the attention of bulls and investors is Ethereum. Some believes that the value of crypto will come back up in the coming months, while others believe otherwise, saying that the rise will continue to remain uncertain as long as “digital assets fail to regain their individual price resistance.” There have been uncertainties among investors. Investors continue to analyze and speculate when the value of cryptocurrency will rise again, since all its been doing these days is drop. This has also triggered investors to sell of their assets as the market continues to dip. Global economic weakness and some financial situation of some top companies have also triggered cryptocurrency inflation. The price of top coins like Bitcoin and Ethereum have continued to plunge and leaving investors in a state of doubt. Over the past couple of months, the crypto market has experienced a massive negative transformation. Saylor’s acceptance of Ethereum as a futuristic currency makes investors feel respite.
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