Where will Ethereum go? Nowhere or moon?

Recently, there was speculation that after this period, Ethereum would lose the top spot and be the most dominant asset in the market after Bitcoin (BTC). Additionally, there has been so much talk that, as other cryptocurrencies grow rapidly, Ethereum will face a tough time and be removed from the top spot.

The volatility of Ethereum’s price over the past few months has led to Ethereum speculation going down in the future. Ethereum as a second generation cryptocurrency has faced some drawbacks which are reinforced by 3rd generation cryptocurrencies such as TRON, Cardano and IOTA, XRP, etc.

Ethereum (ETH) price today – BTC / USD.

Justin Sun (CEO of TRON Network) spoke about the superiority of TRX over Ethereum technology. ETH, in early 2017, hit its all-time high of $ 1,389 USD and has been falling steadily since. Right now, its price is valued at US $ 205.

ETH as a second generation cryptocurrency has some vulnerabilities. Charles Hoskinson (CEO of Cardano) said the problem Ethereum faces is that it is a victim of its own success. While amazing in several ways, scalability has been its biggest issue.

Its transaction speed has not reached the level due to which traders are at a disadvantage. The worst part is that the Ethereum code lacks documentation. Most of its online content is out of date and the basics aren’t even covered.

All of this has negatively affected Ethereum and this is the main cause of its problems so far. They find it very difficult to face their failures to meet the standards imposed on them. As a result, the Ethereum price was volatile and rose from $ 1,000 to $ 200. This significant drop in its price is cause for concern especially for the future of Ethereum.

Over the past few weeks, crypto users have noticed that XRP is taking the place of ETH, but currently ETH has managed to tackle it.

What does 2019 have in store for Ethereum?
Currently, Ethereum is ranked second. Although crypto economists have strongly criticized Vitalik Buterin (founder of Ethereum), progress continues. Recently, it was announced that Dukascopy Bank (one of the largest exchanges in Europe) will allow Ethereum trading.

The ad reads: “Continuing to prepare the infrastructure for its own ICO for cryptocurrencies on the Ethereum blockchain, Dukascopy Bank begins trading on Ether CFDs against the US dollar (ETH / USD).

A Constantinople hard fork was supposed to be launched in October or November, but it was pushed back to early 2019, by the development team. This delay arose when developers recognized several bugs in code released to a test network. The Constantinople Hard Fork is a system-wide ETH update designed to improve Ethereum’s mechanics and efficiency, giving it greater resistance to ASIC miners.

Disclaimer: The information on this site is provided for discussion purposes only and should not be misinterpreted as investment advice. This information does not in any way constitute a recommendation to buy or sell securities.


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