Altcoins News
By Maheen Hernandez
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Ethereum is likely to visit $200 as the selling pressure builds up. Over the past several days, the price of Ethereum has gone down.
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The losses of Ethereum can extend to as low as $200, and the selling pressure is expected to increase. ETH has been grinding in the lower zone since the past week.
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Mohit Sorout, analyst, stated, "$ETH is going to $200, and only a miracle can save it.” It is expected that there is further room for ETH to fall.
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A couple of Ethereum startups are teaming up to bring in a bank account like protection to the users of ETH.
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Itamar Lesuisse, Argent co-founder, stated, “We are thinking about not just crypto users but also new users – and so the end goal is to repeat what they get from their bank.”
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Nexus and Argent are creating a fund which would provide insurance to its investors against losses. The users should invest in NXM tokens to participate.
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Hugh Karp, the Nexus founder, stated: "In general, what we are trying to do is provide cover to the crypto community when it can't access it via the normal means.”
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When the product went live in the past week, it was stated, “We want to show people that’s how confident we are; we are staking ourselves.”
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The overall technical situation in the cryptocurrency market has not changed. Bitcoin, Bitcoin Cash, Litecoin, Ethereum, and Ripple are the commonly most watched tokens,…
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None of the coins made a technically significant move. The movement of the price trends was within the volatility range.
The Currency Analytics
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