News Ethereum's price rises towards $200

Ethereum’s price rises towards $200

-

- Advertisment -

Ethereum is heading back up towards the $200 mark, after gaining 7% in the last three days. Currently, Ethereum sits at just over $182 and has been on a slight uptrend since late August 2019.

The $200 mark appears to be a critical threshold for Ethereum, with the cryptocurrency hovering around this price point since as early as May 2019. Since first breaching $200 on May 13, Ethereum rose to $361, before gradually falling off to below $200 in mid-August, following which there were several unsuccessful attempts to retake this value.

However, although Ethereum has witnessed mild gains in the past week, it hasn’t done so alone. Most cryptocurrencies—except Bitcoin—in the top 10 by market capitalization have been on a gradual increase—showing that the altcoin market as a whole is rising, bringing everything up with it. Bitcoin’s price has stayed relatively flat around the $10,000 mark, and its market dominance has thereby dropped by 1%.

Despite the impressive growth in the altcoin markets, alternative.me’s Crypto Fear & Greed Index is still hovering around 41 (on a scale of 1-100, where 1 is most fearful and 100 least)—indicating slight concerns that these recent gains may be fleeting.

Ethereum’s recent momentum comes ahead of the network’s Instanbul hard fork—which is scheduled to go live in the first week of October 2019. The upcoming hard fork is expected to introduce pivotal changes to the way Ethereum operates, adding better compatibility for privacy-focused technologies, improving smart contracts and enabling it to work more closely with privacy-focused cryptocurrency Zcash.

Source

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Network Security Using Cryptography: Everything you need to know

This article will describe what is Network Security Using Cryptography and everything you need to know before...

Mercuriex Cryptocurrency Exchange Launches New Utility Token, SURF

MercuriEx Cryptocurrency Exchange, originally developed in 2017, came under new ownership in December 2019. Since taking over the exchange,...

Fungibility: Bitcoin Mixers Favorite Term That No One Understands

Fungibility, perhaps the most important concept when dealing with a decentralized and anonymous currency, but does bitcoin...

Crypto can’t thrive in the real world – but stablecoins can

We can safely say that the hype about cryptocurrencies is pretty much over. The claims of Bitcoin...
- Advertisement -Ethereum's price rises towards $200

How to double your crypto

Most of us have a small gambler deep inside our souls. We love to feel the thrill...

Cryptocurrency Top Security Risk Concerns: What You Can Do to Protect Your Crypto

A report by CipherTrace revealed that in the first half of 2019, criminals and fraudsters stole more...

Must read

Mercuriex Cryptocurrency Exchange Launches New Utility Token, SURF

MercuriEx Cryptocurrency Exchange, originally developed in 2017, came...
- Advertisement -Ethereum's price rises towards $200Ethereum's price rises towards $200

You might also likeRELATED
Recommended to you