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The year 2019 had a good start for the best cryptocurrencies. All major markets have recovered much value lost in recent days. The price of Ethereum is now again above $ 150 after successfully regaining the second place in the market rankings.
The trend of the price of Ethereum continues
A very interesting trend has become evident where Ethereum He is concerned. By the end of December, the value for ETH has apparently found a fund and has increased in value since then. This continuous upward momentum has spread to the beginning of 2019, as an ETH is currently valued at over $ 154. This is a price level that most owners and enthusiasts feel at their own comfortable after what happened in 2018.
For a currency that has dropped to $ 83 several weeks ago, these last gains are a welcome sight. Even today, there is a 6.8% increase in value in USD and a 4.6% gain over Bitcoin. In theory, it should be a matter of time until an ETH is evaluated again at 0.04 Bitcoins. This is still a long way from the ETH / BTC relationship of all time, however it is still a valuable improvement.
As you would expect, this current price point of Ethereum triggers a bit of FOMO. Few people expected this price to reach $ 150 so quickly after entering the two-digit range. Cryptocurrencies are strangely resilient in this regard. For Kavishan, the next "advertising revenue payment" can not come soon enough, as this user is anxious to stock more ETHs.
I hope my ad network will pay me a bit quickly. I have to buy a little bit #ETH
– kavishan (@kaviixo) January 3, 2019
One of the main selling points of Ethereum is the Däpp landscape. All these applications show the potential of blockchain technology and smart contracts. Access to these new solutions remains a little problematic for inexperienced users. As such, the idea of creating an "app store" makes some sense. It would be contradictory to the decentralized nature of these applications, but in terms of detectability, it may not be a useless luxury.
Is someone essentially building an Apple App Store for Ethereum's Dapp? via / r / ethereum https://t.co/PfTPBxgYmj hot 🔥 in #reddit #ethereum #eth #crypto
– Domain address information (@ DomainAddress4u) January 3, 2019
Gold & Crypto, a user on Twitter, seems to keep an eye on this current market trend. Although the momentum has changed in bullish gear a few days ago, today it could turn out to be of a different caliber. Litecoin, Ethereum and Bitcoin could very well see a brief correction in the coming hours. This is not necessarily something to worry about at the moment, yet it can cause some market slowdowns in the process.
It was a good start for the new year. Earnings! The charts do not seem so strong. #LTC failing to break the 4H wedge #ETH spinning top 1H #BTC LH. Sound Correction? Tighten my SL and set up my dive orders ✌
– Gold & Crypto (@Gold_and_Crypto) January 3, 2019
For Ethereum, staying above $ 150 should not pose any significant problems for the foreseeable future. Even a short dive would not necessarily cause panic, as there is a lot of support to keep that potential lowering of control. Even a very strong trading volume of $ 3.3 billion is promising. Regardless of Ethereum stay ahead of XRP in terms of market capitalization, it is very difficult to predict. Both markets can be one by one at this point.
Disclaimer: this is not about trading or investment advice. The article above is for entertainment and training purposes only. Please do your own research before buying or investing in any cryptocurrency.
Picture (s): Shutterstock.com
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