Ethereum News | Latest News on Ethereum (ETH) & Blockchain

Ethereum News | Latest News on Ethereum (ETH) & Blockchain

Read the latest Ethereum news, updates, Ethereum price prediction & price analysis, and the price chart of ETH coin only at NameCoinNews. The Bitcoin dominance rate has broken down below an important long-term ascending support line. A breakdown below 62% could trigger a rapid decrease. Tyler Winklevoss, one of the infamous crypto billionaire Winklevoss twins and Co-founder of Gemini exchange, joins in the praise for Chainlink, a decentralized oracle, a

Ethereum is a blockchain on which a special token Ether (ETH) runs. Vitalik Buterin, a cryptocurrency researcher and programmer, proposed Ethereum in 2013, and the system went live in 2015. It supports a modified structure of Nakamoto’s consensus through transitions that are based on transactions. Ethereum is an open-source computing platform that is based on the blockchain technology. It is open to the public. If we compare Bitcoin and Ethereum, then the major difference we can point at is that BTC is just a cryptocurrency, but Ethereum, on the other hand, is a ledger-based technology. It can be used for creating new programs and building decentralized applications. In a way, we can call Ethereum as Ethereum 2.0 if Bitcoin is called Bitcoin 1.0.

Ethereum’s cryptocurrency, Ether, is generated as a reward to mining nodes for computation performed. This operating system offers a decentralized virtual machine called Ethereum Virtual Machine (EVM.) EVM used public nodes internationally to execute smart contract scripting. As per press time, the current market price of Ethereum is 146.49 USD or 0.02216 BTC. In the recent past, it was struggling with low prices, but despite that, the market experts predict that it is positioned to rally high this year. As per the latest news, the market cap of ETH is 2,441,626 BTC, with the ongoing circulating supply of 110.171,243 ETH.

Source: www.namecoinnews.com

Author: by Matthew Diaz


How Ethereum Price Increases Affect the BTC Dominance Rate

How Ethereum Price Increases Affect the BTC Dominance Rate

$BTC Dominance

Consolidating below key W/D3 area after bearish retest.

Overall structure since high remains bearish (bullish $alts) but considering $BTC spot, continue conservative sizing.

Reclaim D3 level marked = risk off immediate term. Nice confluence w/ $ETH atm too pic.twitter.com/Lms5VYQDBY

— BillGK (@BillGK_Crypto) April 15, 2020

In this article, we will take a look at the BTC.D rate and attempt to determine where it will head to next.

During the second week of January, the Bitcoin dominance rate broke down from an ascending support line that previously had been in place for 763 days. This occurred during the second week of January. Afterwards, the price validated the line as resistance before decreasing once more.

Using the closing prices in the weekly time-frame, two main trading ranges are revealed.

The upper range has support and resistance at 67.7% and 70.7%, respectively, while the lower one, which is much bigger, has a range between 53% to 62%.

At the time of writing, the price was stuck in a limbo between these two ranges, having been rejected on its attempt to enter the upper one. If it were to decrease below the resistance of the lower range at 62%, it could indicate that it is back in its old trading range and continue its descent towards 53%.

In the daily level, we can see different support and resistance levels. The price is now trading inside a range between 63% and 66.5%, currently being very close to its midpoint.

When attempting to determine the direction of the trend, there are two dates that stand out as more significant than the others:

First, the March 25 rejection was a catalyst for a trend reversal. Secondly, the April 6 breakdown that caused the price to fall back within the range.

We can see clearly an identical effect but in the opposite direction in the price of EthereumEducationBlockchain is a digital ledger that’s used for storing data on several servers across the world in a decentralized, trustless… More.

On March 26, the price reversed its trend and began a gradual increase, which intensified on April 6 when the price broke out above the main resistance area, the opposite of what happened with the BTC dominance rate.

This makes sense since Ethereum is the largest altcoin ranked by its market capitalization, and an increase in its price that is larger than the increase in the price of Bitcoin is bound to have a significant effect on its dominance rate.

To conclude, the Bitcoin dominance rate has broken down below an important long-term ascending support line. While it is currently in a neutral zone, a breakdown below 62% could trigger a rapid decrease.

Source: beincrypto.com

Author: Illustrations by A. Gnetova and G. Phan


Chainlink [LINK] Shows Promise Like Bitcoin [BTC] And Ethereum [ETH]: Gemini Exchange CEO

Chainlink [LINK] Shows Promise Like Bitcoin [BTC] And Ethereum [ETH]: Gemini Exchange CEO

Tyler Winklevoss, one of the infamous crypto billionaire Winklevoss twins and Co-founder of Gemini exchange, joins in the praise for Chainlink, a decentralized oracle, a token that has witnessed massive growth in 2020 – touching its all-time high in March this year. Tyler compares Chainlink to the early-stage communities of Bitcoin and Ethereum claiming the blockchain “shows real promise and technical merit.”

As mentioned above, Chainlink is a decentralized oracle aiming to connect blockchain smart contracts to real-world data ensuring a trustworthy and efficient flow of information. Over the past few months, the blockchain has gained an unusual following on the social webs as its community, known as the Link Marines, grows daily.

Tyler believes the current community growth of Chainlink is closely following the path set by the two largest cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH) in their early days. This coupled with the sound technology the blockchain boasts of, the sky is the limit for Link.

I really appreciate the passion of the $LINK Marines. Their fervor and dedication reminds me of the early Bitcoin and Ethereum communities. Unlike many other crypto armies, they are dedicated to a project that has real promise and technical merit.

— Tyler Winklevoss (@tylerwinklevoss) April 15, 2020

Former NBA basketball player, Kris Humphries, also praised the token earlier in the month saying it is the solutions to current data problems faced in the decentralized field. He wrote on Twitter,

“The world increasingly relies on data. Smart contracts will be no different. Chainlink is the only solution to bring data into smart contacts through a decentralized, secure manner. The future is now.”

Notwithstanding, Republican candidate for the House in 2020, David Gokhstein, said Chainlink looks highly undervalued given the development and partnerships the blockchain has at the moment.

speaking of undervalued, just go look into @chainlink.

they`ve partnered with also every legitimate project or company on the planet.$LINK

— David Gokhshtein (@davidgokhshtein) April 6, 2020

Last week, the U.S based Gemini crypto exchange, owned by the Winklevoss twins, added its support to Chainlink (LINK) alongside Maker’s Dai (DAI) stablecoin and Orchid Protocol (OXT) pairs.

Announcing upcoming support for:$LINK @chainlink$DAI @MakerDao$OXT @OrchidProtocol

👍🚀!https://t.co/0RgWlJjRKU

— Tyler Winklevoss (@tylerwinklevoss) April 9, 2020

In the last six months in 2019, Chainlink (LINK) has shown high growth potential –alongside Tezos (XTZ) – and 2020 has been nothing short of a bullish ride in Link markets. The decentralized oracle based token touched an all-time high of $5.01 earlier in March before the sudden collapse on what is now termed as “Black Thursday” on Mar. 12. Since the collapse to $1.34 support levels on Mar. 12, LINK has soared over 150% in a month leading the crypto field in gains since then.

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Chainlink [LINK] Shows Promise Like Bitcoin [BTC] And Ethereum [ETH]: Gemini Exchange CEO

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Chainlink [LINK] Shows Promise Like Bitcoin [BTC] And Ethereum [ETH]: Gemini Exchange CEO

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Tyler compares Chainlink to the early-stage communities of Bitcoin and Ethereum claiming the blockchain “shows real promise and technical merit.”

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Binance Futures Limited Offer: Use this link to register & get 10% discount on fees.

Been in the field since 2015 and he still love everything blockchain and crypto! FC Barcelona fan. Author and journalist. Follow him at @lujanodera.

Source: coingape.com


Ethereum News | Latest News on Ethereum (ETH) & Blockchain

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