Cryptocurrency has received celebrity endorsements in the past.  However, it continues to be a fancy thing for cryptocurrency to be endorsed by celebrities, and the trend has not died yet.  People continue to stay invested in their favorite personality. Several celebrities are betting in the belief that technology will help them to build their business empires. However, given the volatility of cryptocurrency and the potential competition from heavyweights like Facebook’s Libra, the trend continues.

There is no wonder why boxing champion Pacquiao would launch his cryptocurrency, “Pac.”  Pacquiao will be backing this cryptocurrency along with football legend Michael Owen, and Abu Dhabi’s Sheikh Khaled bin Zayed al-Nahyan. The cryptocurrency will be listed in Singapore’s Global Crypto Offering Exchange.

Bitcoin and most of the Altcoins continued to remain unaltered for most of the weekend.  Low trading activity was noted.  The volatility has decreased, and the market is oscillating in a narrow range.

Several cryptocurrency projects have lined up to put an end to Ethereum.  The numbers of projects considered to be a threat to Ethereum is increasing every day. 

The introduction paragraph on the White Paper of Telegram Open Network (TON) read thus: 

“We aim for [TON] to be able to host all reasonable applications currently proposed and conceived. One might think about TON as a huge distributed supercomputer, or rather a huge super server.”

The whitepaper of TON states it will be able to handle “millions of transactions per second.” It focuses on doing this by using a “blockchain of blockchains.”

Ethereum has recorded a gain of 1.5% ever since yesterday.  The ETH coin continues to make little progress in the upward direction.  The existing market scenario suggests the start of an uptrend pretty soon. Mass adoption of ETH is expected to happen following the global events planned by the firm for the second half the current year. This coin is expected to cross the $200 mark in the long-term.   The highest recorded price for ETH over the past 30 days was at $239.12, and over the past seven days, it was trading at $193.44.

ETH is currently correcting higher and is trading above $170 versus the USD.  It is likely for the price to face a lot of hurdles near $176, $178, and $180 levels.  The ETH/USD pair might likely break the $174 level. In the near term, it is likely to face key resistance around the $180 resistance area. However, it is not going to be easy for the bulls to clear the $178 to $180 resistance area.