Categories: Ethereum

Ethereum’s Positive Progress Is Projecting ETH To A New All-Time High

Click here to view original web page at zycrypto.com
Ethereum Could Be Next To Make An Astounding Bullish Breakout Following Confirmation Of Golden Cross Indicator

When the cryptocurrency markets peaked back in late 2017, the price of one ETH soared to $1400. Then Ethereum took a huge hit along with the rest of the cryptocurrency market.

But as the markets start to heat up again, Ethereum could be in a much better position to scale and usher in mass adoption. On May 29th the Ethereum network broke its record for total daily gas used.

Yesterday, the Ethereum network broke its record for Total Daily Gas Used. pic.twitter.com/c4ybS3vcoQ

— ETHGasStation (@ETHGasStation) May 30, 2019

The Binance Research also wonders if the upward movement in transaction numbers and active addresses means a massive rise in price is in store.

A brief look into the Ethereum $ETH chain

– Active addresses reaching 10 month high

– Daily on-chain transactions reaching 12 month high

– Marketcap approaching 8 month high

Can ETH return to its former glory? pic.twitter.com/MDK6etAtLj

— Binance Research (@BinanceResearch) May 30, 2019

Ethereum’s momentum could be due to the impending arrival of Serenity, which will make the Ethereum network faster and more efficient.

Ethereum 2.0 will also put a Proof of Stake system in place for the network, another factor that could affect the price. Vitalik Buterin said the upgrade was nearly here.

“In a small number of months, we should have a fully operational testnet and possibly, by the end of this year we’ll have a fully operational phase 0 Ethereum 2.0.”

And along with the development of the network itself, Ethereum is also hosting new projects like Nightfall.

Ernst & Young is behind the project and they are aiming to give users a totally private experience while using the Ethereum network.

“Nightfall integrates a set of smart contracts and microservices, and the ZoKrates zk-snark toolkit, to enable standard ERC-20 and ERC-721 tokens to be transacted on the Ethereum blockchain with complete privacy. It is an experimental solution and still being actively developed.”

In the short term, ETH is expected by most experts to rise in price along with the rest of the cryptocurrency market. But if the network can prove its ability to scale and support millions of new users, a return to new all-time highs wouldn’t be crazy.

cinerama

Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Share
Published by
cinerama

Recent Posts

Bitcoin Price Forecast: BTC/USD Volume Could Indicate A Breakout

Bitcoin’s daily volume spike could create a necessary condition for a breakout. Traded price ranges continue to constrict. Bitcoin’s Bullish… Read More

4 hours ago

Billionaire Tim Draper: Bitcoin Will Hit $250,000 By 2022

Billionaire venture capitalist Tim Draper told BlockTV that in the next several years, Bitcoin could reach $250,000 per coin. "$250,000… Read More

4 hours ago

Maduro Mandates Petro-Financed Public Housing Scheme in Venezuela

Embattled Venezuelan leader Nicolas Maduro looks to expand Petro adoption through a new housing initiative. | Image: REUTERS /THIRD PARTY.… Read More

4 hours ago

Malware InnfiRAT Targets Bitcoin And Crypto Wallets

The malware named InnfiRAT could be stealing bitcoins and cryptocurrency wallet information. It is usually downloaded through email attachments and… Read More

4 hours ago

Bitcoin (BTC) Interest in China Driven by Price Action News

Share Tweet Send Share Baidu search trends in 2019 show Chinese bitcoin interest being driven largely by price action news.… Read More

4 hours ago

Crypto and the Latency Arms Race: Crypto Exchanges and the HFT Crowd

Max Boonen is founder and CEO of crypto trading firm B2C2 . This post is the second in a series… Read More

4 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More