As we bid adieu to 2018, here’s a look into the existing status of the crypto market which is currently consolidating around $130 billion of market cap.
Ethereum is the most popular and widely used blockchain project. The recent development of their Raiden Network will make ETH rank way ahead of its closest competitors.
Even though its price fell almost 90 percent, Ethereum was still pretty vivacious in 2018 as it has seen greater adoption, regulatory certainty, and institutional interest indicating that Ethereum is very far from dead. 2019 looks promising as well.
Though this year hasn’t been the best one for Ethereum, everything may change in 2019 after a long-awaited Constantinople upgrade.
In case the bearish pressure continues and there is a bearish engulfing candle breakout and close below the demand level of $121, then Ethereum may have its low at $98 – $109.
As several equity market indices crash out, the crypto market makes a major recovery with overall market valuation growing by 50% in last one week.
SBI’s VCTRADE announced that they have added support for XRP, Bitcoin, and Ethereum. Ripple is excited by this announcement and believes their token, XRP, will achieve worldwide adoption due to the support.
It looks like Christmas came early for Sigma Prime, Prysmatic Labs, and ChainSafe Systems. Vitalik Buterin, self-described as a Non-giver of Ether gave away ETH and announced it on Twitter. Unlike all the fake giveaways by scammers, this time it is real.
Should the bulls succeed in breaking up the supply level of $103, Ethereum price will rally to the north and target the strong supply level of $131.
Ethereum price recovered recently above the $86.00 resistance. ETH/USD is trading with a positive bias and it may perhaps climb above $90.00 if there is no downside break below $85.00. 2019 likely to bring even more price gains for ETH.
The new ‘Opera Web 3.0’ browser with built-in Crypto Wallet was rolled out on December 13. The development lets users transact online payments using cryptos.
Geth, the standalone client version of Go Ethereum, has been updated such that it supports the changes needed for the Constantinople upgrade planned by Ethereum core developers to take place in January 2019.
Ethereum price is fluctuating above the $79 price level, price breakout is imminent. In case the bullish candle penetrates the supply level of $103 and close above it, $157 price level may be its target.
Ethereum’s rise over the last three years has been extraordinary. A whole new industry of software developers, innovators, and entrepreneurs are building products on Ethereum.
Justin Sun, the founder and CEO of Tron Foundation, has offered to help EOS and ETH developers in migration of their dApps to Tron.