Ethereum Classic Archives - 2100NEWS

UrbanJuly 8, 2018

3min584

Bitcoin price abruptly jumped over $6800 (Bitfinex) during trading on Saturday, representing yet another attempt to break above $7,000 during the ongoing bear cycle.

There are a number of factors that could have contributed to this sudden jump. Bitcoin, and cryptocurrencies more generally, have seen a plethora of positive news this week.

For instance, South Korea – a major crypto trading market – announced that they were loosening restrictions on all manners of cryptocurrency trading across the board, including examining allowing domestic initial coin offerings (ICOs).

This is according to the KoreaTimes, who stated, “Financial regulators plan to ease rules on crypto-based assets in line with policies initiated by G20 nations to establish unified regulations.” South Korean authorities are also looking at classifying cryptocurrency exchanges as regulated financial institutions.

Another major occurrence is the increasingly successful lightning network. Some reports making the rounds online have even stated that the lightning network capacity is increasing 50% every week. Additionally, 20 new stores per day are accepting Lightning payments.

Other potential factors that may have impacted the price spike include so-called crypto “whales” choosing this moment to place large buy orders For Bitcoin. Since the supply of Bitcoin is finite (21,000,000 total theoretical supply of Bitcoin, with only 17,137,187 currently circulating), it stands to reason that large buy or share orders can impact the price significantly.

Since the overall cryptocurrency market prices tend to mirror Bitcoin in terms, these large buy orders could have theoretically resulted in a temporary feedback loop, where altcoin prices rose due to the Bitcoin price spike, which in turn led to the Bitcoin price spiking even more because of the potential for a “bull run.”


Žiga ŠtiftarJanuary 29, 2018

2min401

Bullish signs in cryptocurrency market

The cryptocurrency market has continued to recover at a rapid rate over the past 24 hours, as several major cryptocurrencies such as bitcoin and Ethereum recorded major gains.

Ethereum is on a roll

In particular, Ether, the native cryptocurrency of the Ethereum network, demonstrated a staggering 15 percent increase in price overnight, from around $1,100 to $1,235. The recent surge in the price of Ether can be attributed to the progress the Ethereum open-source development community has led in scaling the network.

The increase in the daily transaction volume of the Ethereum network reflects the exponential growth rate of decentralized applications launched on top of the Ethereum protocol. Applications like EtherDelta, 0x, Radar Relay, and CryptoCribs have gained a significant amount of active users over the past few months.

This week, $1.6 billion cryptocurrency trading platform Coinbase CEO Brian Armstrong praised CryptoCribs, a decentralized Ethereum-based Airbnb-like platform with a non-ICO model. In the cryptocurrency industry, it is difficult to find commercially successful decentralized applications that had not conducted initial coin offerings (ICOs), because ICO has become an easy cash grab for developers.

In July of 2017, Aragon co-founder Luis Cuenda stated that he does not know any Ethereum developer who is not a millionaire yet due to the ICO market.

“I don’t know any good Ethereum developer that isn’t a millionaire — There’s a gold rush among developers to learn the coding language of money,”

 


Luka GlogoskiDecember 27, 2017

2min558

With only a few days left in the year 2017, it’s time to look back at how far we’ve come in the crypto world since this time last year.

While bitcoin grabbed the most headlines in 2017, it’s not been the best performer by any measure. While impressive at 18x growth, it’s fairly paltry compared to Ethereum’s 106x, Litecoin’s 64x or Ripple’s 206x multiplier.

Continuing down the list there’s more good news for all top token hodlers from 2016.

Perhaps surprising, the top 12 coin which brought the biggest gains in the past 365 days has been NEM with a 264x multiplier.

On the other hand, the most “disappointing” coin has been Iconomi, which fell from 12th place all the way to 82nd and only returned an 8x gain to its investors.

In case you’re wondering, if you had invested €1,000 in each of the top 12 coins on 25th December 2016, your coins would be worth €927,000 today. That’s 7725% return on investment. Not too shabby.

Congratulations to Bitcoin, Ethereum, Litecoin, Ripple, Dash, NEM and Monero, which have managed to hold on to top spots and (ignoring Bitcoin forks) welcome to the newcomers to top 12 IOTA, Cardano, EOS, NEO & Stellar.

As we enter 2018 with great excitement and trepidation, it will be fascinating to see what this chart looks at the end of December 2018.

Good luck to everyone with your picks of future top coins.



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