Coin of the day is Ethereum.
Ethereum has reached an April low and seems to react positively on these levels amid the bearish state of Bitcoin. As long as bitcoin is struggling for the name of whole-world currency and losing one more fight in a form of SEC denying ETF proposals one-by-one. Vitalik Buterin is aiming for another way, where the currency will fight for its place in a more generic way, as a globally adopted technology.
“I think there’s too much emphasis on BTC/ETH/whatever ETFs, and not enough emphasis on making it easier for people to buy $5 to $100 in cryptocurrency via cards at corner stores. The former is better for pumping price, but the latter is much better for actual adoption.” – @VitalikButerin
Despite that in today's markets Bitcoin is capable to drag all coins down by its fallings and still it has enough space for the downward movement, Ethereum seems to be showing rebound signs on current lows.
So, the main thought of this post is that against the backdrop of the next attempt of Bitcoin to gain recognition in the institutional sector, Vitalik Buterin and Ethereum will receive more positiveness.
What is Ethereum: Launched in 2015, Ethereum is the largest and most well-established, open-ended decentralized software platform that enables smart contracts and Distributed Applications (DApps) to be built and run without any downtime, fraud, control or interference from a third party. Ethereum is not just a platform but also a programming language (Turing complete) running on a blockchain, helping developers to build and publish distributed applications. Ethereum smart contracts or (DApps) are often referred to as Crypto 2.0, Blockchain 2.0 or even Bitcoin 2.0.
Technicals
0.055 level has shown its supportive nature and pushed the price upwards, showing a slow but steady turnaround. A breakthrough above the 0.06 level will set the beginning of the turnaround tendency, with further targets on the Bearish Trend Line and 100-days EMA. A fall down below the 0.055 level will send the price to the 0.05 psychological support and to the Global Bullish Trend Line afterward.
Ethereum has reached an April low and seems to react positively on these levels amid the bearish state of Bitcoin. As long as bitcoin is struggling for the name of whole-world currency and losing one more fight in a form of SEC denying ETF proposals one-by-one. Vitalik Buterin is aiming for another way, where the currency will fight for its place in a more generic way, as a globally adopted technology.
“I think there’s too much emphasis on BTC/ETH/whatever ETFs, and not enough emphasis on making it easier for people to buy $5 to $100 in cryptocurrency via cards at corner stores. The former is better for pumping price, but the latter is much better for actual adoption.” – @VitalikButerin
Despite that in today's markets Bitcoin is capable to drag all coins down by its fallings and still it has enough space for the downward movement, Ethereum seems to be showing rebound signs on current lows.
So, the main thought of this post is that against the backdrop of the next attempt of Bitcoin to gain recognition in the institutional sector, Vitalik Buterin and Ethereum will receive more positiveness.
What is Ethereum: Launched in 2015, Ethereum is the largest and most well-established, open-ended decentralized software platform that enables smart contracts and Distributed Applications (DApps) to be built and run without any downtime, fraud, control or interference from a third party. Ethereum is not just a platform but also a programming language (Turing complete) running on a blockchain, helping developers to build and publish distributed applications. Ethereum smart contracts or (DApps) are often referred to as Crypto 2.0, Blockchain 2.0 or even Bitcoin 2.0.
Technicals
0.055 level has shown its supportive nature and pushed the price upwards, showing a slow but steady turnaround. A breakthrough above the 0.06 level will set the beginning of the turnaround tendency, with further targets on the Bearish Trend Line and 100-days EMA. A fall down below the 0.055 level will send the price to the 0.05 psychological support and to the Global Bullish Trend Line afterward.
