Altcoins News
By Maheen Hernandez
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It is well known that year 2018 was dismally awful for the cryptocurrency market. Several projects that were centered round Bitcoin collapsed.
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Thought leaders have expressed their views about the cryptocurrency sector moving forward. In a recent crypto event at the North American Bitcoin Conference in Miami, Shrem…
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Shrem was optimistic when asked about the year 2018/2019 bear market. He, however, acknowledged that this is one of the worse bear markets ever.
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Ethereum and EOS were explained by many as scientific experiments. There were questions about whether Bitcoin would exist in a year.
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Mining continues to be a big problem for most cryptocurrencies. Ethereum relies on POW to secure transactions and to add them to the distributed ledger of the blockchain.
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Ethereum is planning to substitute POW with POS. Rather than million processors working on the same transaction, the POS will pick one processor to take over the task.
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POS will boost security because the location of every validator is known. In cases, when the validator breaks the rules, their account can be destroyed.
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A short-term consolidation was seen above $116.00. If buyers succeed to push the price in the $120.00 to 122.00 range, then a bullish momentum will set in.
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The decline in the price of Ethereum has left the rest of the market tokens to follow the trend.
The Currency Analytics
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