Heroes of Ukraine

«Market Leader» - news and previews making you rich.

Friday, 23 August 01:31 (GMT -05:00)



Foreign exchange market

ETH's At Local Highs: What's In For Ethereum And ICO?


Ethereum is back in the game! It's currently trading around 5-month lows. Still, the market seems to be showing some confidence that the coin has already overcome its existential crisis and managed to recover from crisis that started after the ICO bubble burst in 2018. Will ETH and ICO revive?
 
For the first time since November 2018, the ETH exchange rate has exceeded 180 dollars per coin. The second most popular cryptocurrency is now trading around 188 dollars per coin. It's obvious that the technical image of Ethereum has improved considerably over the last few weeks. The price is heading for the levels that can pave the way to other highs if overcome, FortFS experts assume.
 

Magnificent Constantinople 

 

Since the coin used to trade around 80 dollars per coin, its value has increased by more than 100% since then, mosly due to the hard-fork named Constantinople introduced in February 2019. Constantinople did manage to back a number of improvements of the protocol.
 
However, the biggest change is all about resolving the network economy  issue. After the upgrades, the token was reduced from 3 ETH to 2 ETH. Back then, it was obvious that the change would definitely back a new rally in the ETH market. It results from the economy principles, namely the supply and demand ratio, which says that when the supply drops but the demand stays the same or grows, the price goes up accordingly. 
 
Yet, that's not the end. Serenity, which is also known as Ethereum 2.0, will implement the POS algorithm, which will make it 1000 of times more scalable when hard-forking it. If that's the case, Ethereum will become a perfect platform for smart contracts.
 
Buy or Not?
 
From the stand point of pure investments, Ethereum remains a good investment. Investing in ETH is basically investing in the future. With that being said, the log-term bias is clearly bullish. If that's the case, the Ethereum ICO is likely to go bullish as well.

 

You are free to discuss this article here:   forum for traders and investors

 

Add to blog
Got a question? – Ask it here »
 

Forex and Cryptocurrency Market Review by NordFX

At the beginning of the current trading week, NordFX experts came up with another set of market predictions based on a number of expert opinions backed by trending indicators and oscillators. This is what they came up with:

Publication date: 19 August 01:09 PM

Forex and Cryptocurrency Forecast by NordFX. Mid-August 2019

Roman Boutko, an analyst for NordFX, has come up with another consensus forecast for the forex and cryptocurrency markets for the forthcoming trading week starting on August 12, 2019.
Publication date: 11 August 11:42 AM

British Pound And Brexit. What's Next?

The Brexit is going to come to the UK as the result of the 2016 referendum in the UK. 52% of the votes were cast in favor of the Brexit scenario back then. Chances are, the Brexit is going to affect the entire economic and financial system of the United Kingdom, including its national currency - the British Pound.
Publication date: 09 August 09:21 AM

Over 85% Of Bitcoins (BTC) Have Already Been Mined

Publication date: 05 August 03:28 AM

Coinbase Registers a Big Inflow of New Clients

An international cryptocurrency exchange named Coinbase is reported to have registered 5 million users of the last 12 months. This is what the latest report says. In particular, the amount of Coinbase users increased from 25 million users all the way up to 30 million users over the reporting period.

Publication date: 01 August 09:18 AM

Bitcoin Is Likely To Drop, Experts Say

At this point, the market cap of the entire cryptocurrency market is around 263 billion dollars, with over 64% being Bitcoin's share. Ethereum would have to gain more than 700% to break even with the king of cryptocurrencies. At this point, such a scenario looks unreal.

Publication date: 30 July 10:05 AM

Dollar Rate Is Close To 2-Month Highs

The U.S. Dollar is trading around Friday's high while the basket of 6 major currencies is on its way to the second profitable week, waiting for another GDP report from the USA. The dollar rate support a wider spread between the German and American bonds yields.

Publication date: 28 July 08:28 AM

1 Million Dollars For Bitcoin - John McAfee Confirms The Forecast

If someone has been enjoying the BTC rally going on sine early April, today you are probably not that exited about the market conditions since the bears seem to be getting stronger. The BTC exchange rate has dropped and is not trading around $10000 per coin, Market Leader reports.

Publication date: 19 July 04:07 AM

NYSE Launches Slack Technologies' IPO

Publication date: 22 June 05:58 AM

Masterforex-V Names 135 Most Popular Forex Brokers 2019

When trying to increase the amount of new clients, many brokers start massive ad campaigns online. Most of the time, you can see or hear those brokers call themselves the leading players in the industry, the best of the best, which is obviously not true because all of them cannot be as good as they claim to be. This actually makes it really difficult for the common trader or investor to make up their mind when choosing the next broker to go with.

Publication date: 12 June 08:22 PM