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Monday, 20 May 16:26 (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.

 

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Forex and Cryptocurrency Forecast by NordFX. May 20-24, 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 May 20, 2019.


Publication date: 20 May 03:50 AM

U.S. Sanction Trap For Russian Rouble

It's not a secret that the amount of sanctions against Russia has been growing over the last few years. At the same time, experts are losing faith in the stability of the Russian Rouble. Washington is discussing more and more variants to impose even more sanctions on Russia to undermine its economy and national currency.

Publication date: 18 May 03:25 PM

Facebook articles contest from FortFS

FortFS offers you to show off your writing skills and compete with other traders for a prize fund of 1000 USD, which will be distributed among the authors of the most interesting articles about our company!

Publication date: 18 May 12:24 AM

BTC Market Will Set New Highs In 2020

Tom Lee, Chief Analyst for Fundstrat Global Advisors, has recently shared his optimistic view on the future of Bitcoin (BTC). In early May, he said that the BTC exchange rate is undervalued and, given some fundamental factors, it should be somewhere around 14K dollars per coin. At this point, he thinks that the current all-time highs may well be renewed this year. This means BTC prices above $20K per coin and market cap well over 830 billion dollars within the next 20 months.

 

Publication date: 15 May 10:05 AM

U.S. Unemployment Rate Drops To Nearly 50-Year Low

The U.S. Department of Labor has released another unemployment reports. For the first time in over 49 years, the unemployment rate dropped all the way down to 3,9%. For the most part, this has to do with a considerable decline in the economically active population.

Publication date: 13 May 11:22 AM

Six main components of Alpha Bonus from FortFS

From 06 of May till 07 of June 2019 become the owner of a unique artifact called Alpha Bonus and subdue the financial element!


Publication date: 13 May 01:40 AM

Bitcoin Reaches 5-Month High

The cryptocurrency has been maintaining a stable bullish trend. over the last few days, the market cap has exceeded 185 billion dollars. According to CoinMarketCap, the market cap used to be 179 billion dollars on Tuesday. Over the last few days, the cost of all the cryptocurrencies circulating in the global market has grow considerably. 

 
Publication date: 27 April 10:24 AM

NordFX Shares Another Forex and Cryptocurrency Forecast for Mid-April 2019

The balance of powers in the international currency market (also known as forex) influences many contemporary tendencies in the entire world. At the same time, traders and investors rely on accurate forex forecasts to earn money. That is why we keep on publishing those weekly consensus forecasts, courtesy of NordFX.
Publication date: 15 April 10:54 AM

Weekly Forex and Crypto Prediction by NordFX. Mid-April 2019

Any exchange rate between any two currencies is the result of multiple factors affecting the currency pair at any given moment. At the same time, those exchange rates themselves are actually capable of affecting other processes important to specific countries and even the entire world.

Publication date: 09 April 11:01 AM

Weekly USD, GBP, and EUR Forecasts by FortFS

Last week, almost all of the emerging currencies gained some value against the U.S. Dollar. On the contrary, the so-called G10 basket of currencies stayed withing a rather narrow price range against the dollar, with the New Zealand Dollar being the only exception (it devalued by 1% over the reporting period).
 
Publication date: 08 April 12:06 PM