Altcoins News
By Steven Anderson
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The price of Ethereum is slowly gathering a bullish momentum versus the USD and the Bitcoin. For a sustained upward move, the ETH/USD should settle above $120.
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An average from the different cryptocurrencies across the world will give a near accurate price of Etherum, which was at $115.48 at the time of reporting the news.
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There were a few positive signs in the yesterday trend lines above the $115 resistance in ETH/USD. However, buying failed to gain strength above $118.
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Yesterday, the ETH/BTC traded above the 0.0326BTC and 0.0328BTC resistance points. This pair is now gearing up for improved gains above the 0.0330BTC resistance level.
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The MACD indicators are in the bullish zone, and the hourly RSI shows a flat structure above the 50 levels.
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Traditional valuation models cannot be applied to evaluate crypto. A company like Ethereum with actual cash flows can be valued in comparison to Visa or Mastercard.
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With blockchain being a giant record keeping system, which everybody is permitted to use, if an investor has a digital asset on the blockchain, they can choose in which exchange…
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Reputation matters in record keeping. If anyone who does not have a reputation is going to maintain the records, people might suspect of fraudulent activities.
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The probability of corruption is less in a decentralized system, and trust is enforced in the record keeping process.
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The market cap of Ethereum and the information about the total fees collected which is the price to sales ratio will give a number.
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The on-chain transaction volume was at an all-time high in December 2018.
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Diar reported earlier that when it comes to transaction counts, the supercomputer is stable ever since October 2018 with 16 to 17 million transactions in a month.
The Currency Analytics
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