Is The Coin Ethereum Doomed to Become Worthless?

ethereum will collapse

While many experts argue on the topic of Bitcoin price in the future, it seems like the world’s #2 digital coin is not given enough attention. Let’s have a closer look at the prospects that might await for Ethereum.

First and foremost, we need to clarify one thing. Since there is an Ethereum network and the cryptocurrency Ethereum, we will be referring to the latter concept today. Not that this is out of the way, let’s consider the most probable reasons for Ethereum’s price to start falling:

  • insufficient scalability
  • insufficient security
  • insufficient competitiveness

It does not make sense so far, does it? Let’s use an example to make it more understandable. Ethereum Protocol is a huge platform which all decentralized apps can use. To do so, they, of course, need to “pay rent”, and this rent is obviously paid in Ethereum.

Suppose we launch our own SharkCoin platform on the Ethereum network. We will conduct thousands of operations and transactions all of which will have to be paid for in ETH. Besides commission fees, it will cause security risks, intermediary involvement, price jumps etc. Of course, we will try to avoid this scenario. How?

Everything is pretty simple. We will try to pay for transactions in our own SharkCoins. The coins will be transferred directly to wallets of miners conducting a transaction. This will be beneficial for both parties, miners will also be exempt from the necessity to pay ETH commision fees.

In financial circles this term is called Ethereum abstraction. If more and more projects start seeing sense in choosing a non-Ethereum way of development, Vitalik Buterin will have all the reasons to worry about his “offspring”.

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Will Ethereum Be Able To Increase By 250% By December 2019? Price Analysis

The price of second famous cryptocurrency – Ethereum – has always been a hot topic in the crypto world, therefore let us look at future prospects of its price and the potential to fly up by 250% by the end of the year.

Constantinople & St. Petersburg

The Ethereum network had two major “maintenance and optimization upgrade” upgrades in February 2019, the blockchain was divided into Constantinople and St. Petersburg. The former is a so-called preparation of changing the structure of the blockchain, it allows a high number of TPS with low energy consumption. Moreover, it encourages savings with the help of increasing the value of token in circulation.

While St. Petersburg was meant to delete the Ethereum Improvement Proposal (EIP) 1283 – a former Ethereum upgrade. During 2017-2018 the main weakness of Ethereum was handling only 20-25 transactions per second. Due to these upgrades, it is slowly vanishing giving hope for the coin to get higher in price and productivity.

A 250% Increase is Real or Not

If we talk about a 250% increase, we should understand that the coin has to reach the $500 level, which was in July 2018.

Source: Invest In Blockchain

To reach such a high price the bull market will have to overcome several resistances, which makes such an increase unlikely to happen.

Source: Invest In Blockchain

As we can see from above, the market will come across bearish .618 and .886 Fibonacci Retracement levels at $170 and $208. These two short-term bearish retracements are enumerated from the highest price in November and the lowest price in December.

Furthermore, the crypto market will meet resistance at bearish .382 and .5 Fibonacci Retracement levels (red color) priced at $247 and $298. These digits were measured from the July 2018 high to the December 2018 low.

The market will definitely have to overcome resistance around $350 level, and then go higher at $357, $349, $400, $420, and $465. From today’s bearish market, it is clear that Ethereum is not able to have a 250% increase.

Ethereum Price Now

According to the CoinMarketCap, Ethereum takes the second place in the list of Top 100 cryptocurrencies with the market capitalization of more than $14 billion. In a 1-month period, the coin did not show any significant fall or increase in price. The price at the time of writing accounts for $139.

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FUBT: Empowering Digital Assets and Boosting the Token Economy

In the recent couple of years, Asia has become the region that is ahead of everybody when it comes to technologies. Anything that is new, unique and has potential is quickly being implemented in the East, while the rest of the world is just thinking it over. Certainly, blockchain and digital assets are no exception to the rule. Dozens if not hundreds of businesses, companies and projects in China, Japan, South Korea etc. are creating new concepts, ideas and solutions using cutting edge technologies, like blockchain and distributed ledger technology, in many different spheres, especially fintech.

What is FUBT?

FUBT Exchange is a Hong Kong-based project, the main focus of which is maintaining a blockchain platform for trading digital assets. The exchange evolved from the FUBT Station. In July of 2017, first transaction were conducted through the upgraded platform. Afterwards the developers launched their own token – BXB, which skyrocketed by almost 25 times on the market. FUBT kept growing and expanding. At the beginning of 2018, it opened up departments in other regions of Asia, namely Seoul, Cambodia, Tokyo, Taiwan, Phnom Penh and even one in New York. Now FUBT is considered one of the leading blockchain platforms for trading digital assets in Asia.

Strong sides and interesting facts about FUBT:

  • In June of 2018, the platform already had around 650 thousand active users which serves as perfect evidence of the project’s trustworthiness;
  • FUBT’s daily capital turnover equals to around 400 million dollars;
  • The platform is expanding globally and provides multi-language support for better understanding of users from different parts of the world;
  • The transactions within FUBT are conducted in a fast and simple manner, moreover, they are protected against security breaches;
  • The exchange provides a variety of digital assets, overall about 100 kinds;
  • Four crypto trading areas (BTC, ETH, FBT) are available on the platform;
  • FUBT has a mobile app both for iOS and Android;
  • The team of the project consists of real professionals from the fields of banking, fintech, blockchain, investment etc.
  • Core values of FUBT are “Integrity, Innovation, Inclusiveness, and Win-Win”;
  • The project has ambitious goals of expanding further and establishing itself firmly on the market;
  • FUBT team is constantly looking for new clients, partnerships, opinion leaders and pays a lot of attention to user feedback in order to improve and prosper.

More details on this promising and innovative platform can be found here.

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Ethereum’s Constantinople Hard Fork: What Should You Know About It?

The Ethereum blockchain update is long-awaited change which was constantly postponed due to the technical reasons, yet, according to the Ethereum News, it went live on February 28. Let us look at the details.

Constantinople Protocol

The Constantinople is the hard fork that must have been released at the beginning of 2019, yet, the date was changed due to the bugs, which were discovered in the protocol’s code. The developer team wanted to present the best blockchain for users, thus, postponed the rolling out.

The Constantinople protocol is a preparation for a change in the structure of the blockchain itself. The update will allow a high number of TPS with low energy consumption. This will be a so-called economic model, which encourages savings with the help of increasing the value of token in circulation. You can see below the detailed structure and its functions.

The upgraded protocol is going to increase the network efficiency in times; it also optimize the gas usage for Smart contracts execution. In addition, it will reduce the block reward from 3 to 2 ETH, as Byzantium did before.

Constantinople Going Live

The upgrade, implemented as “hard fork”, was expected to take place at the same block #7,280,000 on 19:30 UTC on February 28, however, the split happened only at 19:57 UTC. According to the Fork Monitor, website which monitors the blockchain forks, there is no evidence that the Ethereum blockchain splitted so far, as a lot of users still run the old software. The upgrade will bring new rules and regulations to the software, thus, it is incompatible with past versions.

The hard fork did not influence ETH trading. The price of Ethereum remains relatively stable at the time of writing – $137.

Source: CoinMarketCap

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Bitcoin Miners Are Fooling Around While Earning Tens of Millions of Dollars

According to the recent research made by Diar: Bitcoin, Ethereum, Litecoin, and Dash miners made more than $18 billion without any transaction.

Let us start with the two most famous cryptocurrency – Bitcoin and Ethereum. These two coins were the most popular proof-of-work blockchains, however, they processed the fewest amount of empty blocks, the report shows that Ethereum paid out $65 million in rewards for such blocks in 2017.

Bitcoin Cash, in his turn, has created more than 3300 empty blocks since the end of summer of 2017. It means that monthly about $5 million was gained across all networks. Moreover, Bitcoin Cash miners have earned more than $1 billion since its for on November 15, 2018.

Litecoin is a fast cryptocurrency, and due to its network underutilization, the coin has the most empty blocks. Litecoin miners are mostly hunting for lite blocks, thus its block time is considered to be about 2 minutes. Indeed, the time varies from the difficulty of mining, but in overall every 2 mins, the block is created.

The report suggests miners “fooling around”, because a lack of transactions rises up their reward by far less than gaining the block reward. Let us look on the example.

Block 1586699 which was processed on Tuesday has only transaction less than 1 LTC, nonetheless, the block paid out the mining reward of 25 LTC. It means that the miner has made over $1000 to process less than $50. There is another example, block 1586709, the miner has earned more than $1000 for processing $0 in transactions. Unfortunately, there is no such a thing in the fiat world.

We remind you

How to Get Bitcoin And How Profitable is Mining in 2019

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Interview with Marco Robinson: Bitcoin is the Best Performing Asset of All Time

Nowadays pretty much everyone has an opportunity to become a successful entrepreneur and investor. With the emergence of cryptocurrency and blockchain, perhaps it has become even more accessible.

Today, we invited to talk Marco Robinson a man who not only managed to become a world-famous investor, but also created a number of successful projects. An Award Winning Entrepreneur, Prime Time TV Star, Philanthropist, #1 Bestselling Author, Winner of the iProperty People’s Choice Awards Best Real Estate Company, World Renowned Property Investor, and Restaurateur he knows how to make money work for you better than anyone.

Hello, Marco. First of all, let’s discuss your success as an investor. At what point in your life did you start investing in real estate, and why this particular area was one of the first you chose?

I first invested in real estate fairly late in life at 40 years old after I had a great business success and had quite a bit of money I didn’t know what to do with.

It was an interesting time in 2009 as it was the subprime crisis, I discovered properties were very cheap especially in the USA, and I found that fascinating so I started to study what made Real Estate go up and go down and wondered why this happened continually…I got so into this I decided to write a book about property cycles and what made them do that and I developed an algorithm based on four main drivers that triggered property price increases, they were:

  1. Cycles (economic cycles) for example in the UK there is a proven 18-year cycle
  2. Population growth. (Rent prices and property increased basically supply and demand.
  3. Structure plan. (What they are gonna build in the area, for example, new manufacturing, schools, etc)
  4. Local and individual property taxes & including friendly states and governments (some taxes are so high you can easily get negative cash flow)

When did you first learn about the blockchain technology, and how did it help you in the development of your projects?

I was introduced to Bitcoin in 2015.

I saw as a real threat to the banking system which I liked very much and after some detailed research discovered it was a genuine reaction, I felt, to the US sub prime crisis which made 40 million people homeless. I loved the security of it and especially it’s decentralization, that it could not be shut down and the founder very cleverly could not be identified.

I was also looking for a loyalty solution to connect all my businesses including my restaurants, my cosmetics, my property, my travel, my education and film companies, a currency everybody could use that I could keep within my own eco-system, so I could keep my clients loyal and grow my client based with the best value proposition in the market place. That currency I created is called NAKED DOLLARS and is now listed on LATOKEN.

Besides NKD, what do you think about investments in cryptocurrency in general?

It’s a brand new sector and to be frank not even the end of day one yet. A lot of cowboys presented a fabulous whitepaper in 2016 and 2017 and made a fortune off speculation…2018 saw a massive correction and the crypto market lost 80% of its value in one year because of this and because not many people had a real product.

It is here to stay, only just yesterday JP MORGAN created their own cryptocurrency, governments are creating their own, they have to as the FIAT CASH currency system is not sustainable, a new debt system has to be created or the majority of the world will go bankrupt.

Bitcoin is the SAFEST currency in the world, it cannot be hacked, it has no founder, no company, no office, and no assets, yet it is the best performing asset of all time increasing 350,000% in ten years! You cannot ignore it at all!

Are there any startups in the cryptocurrency world which you have invested or would like to invest in?

There are very few I would because of the losses in 2018. New projects don’t just have to have great technology, they must have great founders with great track records in business and great profiles in terms of influence.

How do you feel about buying, for example, real estate for Bitcoin?

I’d rather keep the bitcoin it gives a higher return potentially. I would rather use other cryptocurrency like Ethereum to buy real estate.

However I also use a profit strategy, so when I make great profits in bitcoin I will buy real estate as real estate gives me great cash flow.

In what areas, do you think, the use of blockchain technology is necessary?

I think it’s critical in pretty much every industry to prove the origins of each product or service and the security of it, especially in supply chain businesses such as gold and diamond mining to supply to make sure they are not conflict diamonds etc. I also love the adoption to health and medicine, for example, if someone has an accident one drop of blood or even a thumbprint can track the entire medical history of that person in seconds and the perfect medication can be administered!

You are a well-known philanthropist and are famous for your good deeds for the homeless and the needy, because you know very well what it feels like to not have a home. Let’s talk about an 18-year-old teenage mother Holly, a part of the TV Show “Get a House for Free.” Have you thought about not just “giving a fish” to people, but also trying to “teach people to fish”, that is, to give the needy the knowledge of how to “get back on their feet”?

I’m already now doing that with FREEDOMX, www.freedomxmovement.org where I have created a new charity social impact program where the victims of homelessness are rewarded on a merit based philosophy: “I help you if you help someone else” this is CONDITIONAL ALTRUISM, so we only help them if they want to be helped and IF they want to be microfinanced for a coffee shop on a bicycle, for example, they have to be certified and trained which lowers risk and creates a new economy for people to thrive in.

In what areas besides real estate, restaurant business, TV-shows would you like to or plan to realize yourself?

I’m making my first Hollywood movie “legacy of lies” next month, I helped fund the whole movie and my profits will be going to help the homeless

You can see the trailer here:

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Cryptocurrency Prices Today, February 14: Cryptocurrency Did Not Catch The Romantic Atmosphere And Began To Fall In Price

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency Rate

According to the Coingecko online platform, Bitcoin (BTC) lost 0.35% over the past 24 hours after a period of growth. The price at the time of writing is $3607 per coin.

Cryptocurrencies have returned to the red zone:

Bitcoin Cash lost 0.6% over the past 24 hours and costs $121 per coin;

Ripple fell by 1% and costs $0.30;

EOS decreased by 4.1% and its price is $2.78;

Litecoin dropped by 3.2% and its value is $41;

Cardano lost 2.5% and its cost is $0.040;

Stellar fell by 1.1% and costs $0.076;

IOTA decreased by 1.6% and its value is $0.26;

Dash lost 1.9% and its price is $78;

Monero dropped by 2.5% and costs $47.

Over the past 24 hours, Ethereum has lost 0.7%. The rate of the coin is $122.

The total market capitalization fell to $120 billion. Bitcoin accounts for 52.5% of the total. In monetary terms, it is $63 billion.

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