This Week Has Shown Many Positive News From Various Governments

A crypto exchange by Roger Ver, how much ETH does Vitalik have, an official coin pump from Yobit, spy mining in ETH is halted and a new cryptic puzzle with a prize of 310 BTC — in this weekly digest

BTC

3,280 USD
-0.38%

ETH

86.22 USD
-1.15%

BCH

80.49 USD
-1.59%

Related news

Ethereum’s Unique Addresses Reach 50 Million But Active ETH Addresses Dropping Significantly

Most of the news for cryptocurrency lately has been, at best, unenthusiastic. Many coins are performing badly and are still at a low points, but there’s so much more involved with a successful platform beyond the coin they tote. Ethereum, for example, recently reached a milestone for any platform in the industry, as The Block found that they’ve officially passed 50 million unique Ethereum addresses. Based on the data, they haven’t seemed to have loss any momentum in their growth, despite the bear market. Obviously, the growth for price hasn’t been as substantial as early this year, when ETH was being sold for $1,000, and the demand for their token and dApps was at its highest point. Just as an example for the comparison, on January 4th, during the altcoin boost, there were 352,888 new addresses on that day alone. On average, the network sees about 70,000 new addresses every day, which is a fairly high number. Unfortunately, though the growth of the network is a positive change, there are plenty of issues that need attention. Even with the high number of addresses total, the active addresses have declined. While over 700,000 addresses were sending and receiving transactions in January, only about 232,000 performed similar actions just a day ago. To make matters worse, this means that barely half a percent of all of the addresses are even participating in the market. Daily transactions have fallen with Ethereum too, from approximately 1.3 million at the beginning of January to 551,916 yesterday, which amount to about six transactions every second. Even with the downsides over the last year, and even this month, Ethereum is having a good day today. Based on data from CoinMarketCap, Ethereum is trading at $85.49 right now, though it was a few dollars higher at the start of the day.
Bitcoin Exchange Guide

Ethereum Price Surpasses Bitcoin Cash for First Time Ever

The price of ether has surpassed that of bitcoin cash for the first time ever, becoming the latest negative milestone in a tumultuous few weeks for the world’s fourth-largest cryptocurrency by market capitalisation. According to data from CoinMarketCap, Ethereum traded at $85.51, while bitcoin cash traded at $82 at press time. Bitcoin Cash Post-Fork Woes Following The post Ethereum Price Surpasses Bitcoin Cash for First Time Ever appeared first on CCN
CCN

Crypto Market Update: EOS, Bitcoin Cash, Tron (TRX), ADA Price Analysis

Key Points The total crypto market cap declined below the $100.00B support before buyers appeared near $96.5B. EOS price is currently consolidating below the $2.00 resistance area. Bitcoin cash price is trading above the $80.00 support with a tiny bullish angle. Tron (TRX) is still above the $0.0130 support level. Cardano (ADA) price seems to be preparing for an upside break above $0.0300. The total crypto market cap declined further below $100.00B before recovering slightly. Bitcoin, Ethereum and altcoins like EOS, Tron (TRX) and Cardano (ADA) remains at a risk of more losses. Bitcoin Cash Price Analysis Bitcoin cash price struggled a lot this past week after there was a close below the $100 support. BCH/USD declined heavily and broke the $90 and $85 support levels. The price traded close to the $80 support level and it is currently consolidating losses. On the upside, the price must break the $85 resistance to start a decent recovery towards the $90 and $95 resistance levels. On the downside, a break below $82 and $80 could trigger heavy declines. EOS, Tron (TRX) and ADA Price Analysis EOS price recovered slowly and steadily this past week above the $1.80 resistance. However, the price struggled to gain strength above the $2.00 resistance and it is currently consolidating. A daily close above $2.00 is needed for buyers to gain momentum in the coming days. Tron price remained confined in a range above the $0.0130 support. It seems like TRX price is preparing for a solid move either above $0.0135 or below the $0.0130 support in the near term. Cardano price settled below the $0.0300 support this past week, with a bearish angle. However, ADA price is finding solid bids near $0.0290 and it seems like it could jump back above $0.0300 and $0.0310. Looking at the total cryptocurrency market cap hourly chart, there were further declines below the $102.00B and $100.00B supports. The market cap even broke the $98.00B level and traded towards the $96.50B level. Later, buyers appeared and pushed the cap above the $100.00B level. However, there is a strong bearish trend line with current resistance at $101.00B, which could continue to protect more gains in Bitcoin, Ethereum, litecoin, ripple, and other altcoins in the near term. Crypto Market Update: EOS, Bitcoin Cash, Tron (TRX), ADA Price Analysis was last modified: December 17th, 2018 by Aayush JindalThe post Crypto Market Update: EOS, Bitcoin Cash, Tron (TRX), ADA Price Analysis appeared first on NewsBTC.
NewsBTC/analysis

Hot news

By continuing to browse, you agree to the use of cookies. Read Privacy Policy to know more or withdraw your consent.