Ethereum price: the price goes up, even if the technical future is uncertain



At the time of the press, the second largest cryptocurrency by market capitalization and the number one contender for bitcoin is trading around $ 277. It is five dollars higher than where it was yesterday afternoon.

Although the price of Ethereum has improved, its volume has significantly decreased. Many analysts are pointing to initial coin offerings (ICOs) and emerging sales. As more and more startups trade in their ether token for cash, Ethereum no longer dominates the market as it once was.

  ETHUSD: ETH - CAN & SURVIVE THIS MARKET

As mentioned in a previous price piece, some of the major developers and stakeholders of Ethereum hosted a two-hour YouTube event discussing some of the upcoming changes to the Ethereum network, including the alleged hard fork known as "Constantinople" that would occur at the end of the year. Although much has been discussed, no official decisions have been made, which has led some analysts to believe the event "failed".

The developers have therefore decided to postpone any decision until August 31, when a new program will be presented. Unfortunately, things are not going very well yet, and those willing to take part in the event do not believe the process will proceed smoothly. Hudson Jameson of the Ethereum Foundation states:

"I honestly do not know how to make a decision, I do not know how we will go from here."

Others, however, are firmly convinced that if they can work together and have a clear vision on what steps to take, users can look forward to very bright future. Software developer Matthew White, for example, states that the amount of circulating Ethereum should be significantly reduced. Comment:

"Getting the issue under control will have a good effect on price, which is important for developers' salaries and projects and for funding new projects."

Xin Xu – CEO of Ethereum Mining Pool Sparkpool – lists what he claims to be the effects of limiting the amount of ether currently available to users:

"There is a critical point, and when we get there, everything will break and we can not get it back In my opinion, the emission change will have a major impact on safety. "

In a related story, the decentralized application browser of Ethereum MetaMask has released a web instance that allows decentralized applications to reach the Ethereum blockchain, propose transactions and access the account addresses of various users.

At present, the use of decentralized apps carries a great risk, since privacy is the main problem. Such applications can be scanned from malicious websites, while Ethereum users can be monitored and tracked. This is a process known as "fingerprinting".

MetaMask prevents some of these problems by requiring upgrades to existing DApps. Therefore, Web instances are no longer automatically injected when pages are loaded, thus protecting the identities of the Ethereum users in question.

Ethereum Charts of TradingView


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