Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Ethereum News & Updates => Topic started by: PRIBO247 on January 02, 2019, 09:54:01 PM
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* Ethereum (ETH) has finally managed to return to its
position of a second largest coin by market cap,
after spending a month and a half in XRP’s shadow.
* The project expects a busy month as there are
several hard forks that Ethereum’s network will
undergo in mid-January.
After almost two months of being in third place on the
coin market cap list, Ethereum (ETH) has finally made
its comeback. Today, January 2nd, ETH managed to
surpass XRP as the second largest cryptocurrency.
For months now, the crypto community speculated
about the future of ETH, with some claiming that the
coin’s glory days are over. Others remained convinced
that ETH will bounce back, and while retaking its place
from XRP is a significant milestone, it might only be the
first step for ETH, in anticipation for a hot January.
As of now, Ethereum seems to be advancing at a steady
pace, with the current ETH price $150 per coin, after
seeing an 8% increase in the last 24 hours and over
80% in two weeks. Ethereum’s market cap is $15.6
billion, while Ripple’s is $14.9 billion.
WHAT DOES THE SHORT FUTURE HOLD FOR ETHEREUM?
The Ethereum community remains optimistic regarding
the coin’s future, and so far, their hopes are seemingly
coming true. Ethereum is getting ready for a busy
January, as there are several hard forks that the coin is
expected to have.
The three most significant ones are scheduled to occur
in the next two weeks, and they are as follows:
1. January 11th — Classic Vision Hard Fork
2. January 12th — Ethereum Nowa Fork
3. January 16th — Constantinople Fork
The Classic Vision Hard Fork is expected to provide all
ETH holders with 3 ETCV coins for each ETH that coin
holders possess in their wallets. The Nowa Fork will
grant ETH holders with an ETN coin for each ETH in
coin holders’ possession, while the Constantinople Fork,
which may even occur earlier than January 16th,
remains the most significant one, as it will play a large
part in Ethereum’s transition to PoS protocol .
HARD FORKS TO IMPROVE ETH ECOSYSTEM
Ethereum is responsible for the still-growing popularity
of dApps and smart contracts, and it revolutionized
token creation by allowing other tokens to develop on
its blockchain.
With several hard forks almost ready to be performed,
investors are wondering what to expect. While the forks
can be beneficial to Ethereum, there is always the
danger that they will weaken the network by splitting
into new coins. The possibility is quite real, and the
incident revolving around BCH hard fork in mid-
November is still fresh in investors’ memory.
Having the same type of an incident would make it very
difficult, if not impossible, for Ethereum to handle the
competition. Even if the forks occur without any
conflicts, it is still nearly impossible to predict the
potential consequences, especially when it comes to
long-term predictions. Experts’ forecasts claim that
significant volatility can be expected in days following
the forks.
For now, there are no certainties, and most of the new
development will be known after the forks take place.
For now, at least, Ethereum is handling itself quite well,
and the new year has started on a positive note once
more.
https://cryptopotato.com/
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I was writing that Ethereum value is higher than Ripple and the price is only a matter of speculation.
Indeed Ethereum price increases even if there are evident news on... there is a wave and people are investing in... therefore it is temporary.