Ethereum Price Analysis: ETH Near Make-or-Break Levels

Ethereum price revisited the $160 resistance where sellers emerged against the US Dollar.
ETH is approaching a crucial bullish trend line with support at $152 on the 4-hours chart (data feed from Coinbase).
The price is about to make the next move either above $160 or towards $140.

Ethereum price is struggling to clear the $160 barrier against the US Dollar. ETH may decline towards $140 if it continues to struggle near $159-160.
Ethereum Price Analysis
After forming a support near the $130 level, Ethereum price started an upward move against the US Dollar. The ETH/USD pair broke the $146 and $150 resistance levels. There was even a close above the $146 level and the 55 simple moving average (4-hours). The price tested the $159-160 resistance area, which acted as a solid barrier for buyers once again and prevented further gains.
A high was formed at $160.66 and later the price corrected lower. It recently dipped below the 23.6% Fib retracement level of the last wave from the $132 low to $160 high. However, there is a strong support formed near the $153-154 area. There is also a crucial bullish trend line with support formed at $152 on the 4-hours chart. If there is a downside break below the trend line, the price may test the $146 support. It represents the 50% Fib retracement level of the last wave from the $132 low to $160 high. Besides, the 55 simple moving average (4-hours) is also near the $146 level. Therefore, if there is a downside break below $153, the price could decline towards the $146 support. Below the $146 support, the price may accelerate towards the key $140 pivot area.

Looking at the chart, Ethereum price seems to facing a solid barrier near the $159-160 zone. A break above the $160 resistance could push the price towards $168 or $174. On the other hand, a bearish break below $153 may delay a break above the $160 resistance.
Technical indicators
4-hours MACD – The MACD for ETH/USD is slightly tilting into the bearish zone, signaling a possible downside break.
4-hours RSI (Relative Strength Index) – The RSI for ETH/USD is still above the 50 level.
Key Support Level – $146
Key Resistance Level – $160
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Crisis Breeds Opportunity

Crisis Breeds Opportunity
From cryptocurrencies to precious metals and crude oil, and at the very end of the year even stocks, it was a year of massive declines. A year of anti-globalization. A year of monetary tightening. 2018 saw massive shifts in prices across a range of asset classes catching many investors off guard. But…
With Crisis Comes Opportunity
From 2009 to 2017 traders grew accustomed to steadily rising markets and modest but continuous gains. However, it’s important to remember that the economy moves in boom and bust cycles that usually last about four to six years and it seems that the last bull run was a double whammy.
As we move into 2019, many assets are officially in a bear market, which is something that most young investors have never experienced before. So, it’s going to take a lot more creativity to build a solid portfolio.
My name is Mati Greenspan and I’m the Senior Market Analyst at eToro. Though I may not have all the answers, I’ll be very glad to fill you in on exactly why the markets are acting the way they are at the moment and what to look out for in the year ahead.
On Tuesday, January 8th, we’ll be holding a unique webcast to discuss everything from crypto to tech stocks, currencies and indices, and perhaps explore some of the best trading opportunities amid the current market conditions.
To register, please click this link now.
What you’ll need to bring:

a PC or smartphone
headphone or speakers
a pencil and paper (optional)

Please also feel free to prepare any questions you may have about the financial markets or investing and we’ll be glad to discuss them live.
See you there!
Crisis Breeds Opportunity

Establish an On-Going Passive Income Stream with GG World Lottery

GG World Lottery is a reliable project which introduces a lot of different ways users can make serious passive gains on their investment. GGCOIN token holders are entitled to receiving a lifetime GG revenue share which will enable them to establish an on-going and stable string of passive income which requires absolutely no further involvement.
Powered by the Blockchain
The main intention of GG World is to deliver fully online, transparent, user-friendly, mobile, and government-backed lotteries. They are based on blockchain technology which enables them to solve a lot of the inherent issues of the industry.
At the same time, though, the project provides investors with a variety of different ways to increase their returns. It is by far the first project which successfully integrates a true random number generator based on blockchain technology. Hence, GG World is able to guarantee that the draws happen randomly based on the quantum physics principle of true randomness in the world.
A Stable Passive Income
By purchasing GGCOIN tokens, investors will be automatically entitled to a lifetime revenue share based on each GG World Lottery jackpot prize win. This means that everytime someone wins the jackpot, GGCOIN token holders will win as well.
The revenue string is passive, meaning that it requires absolutely no further participation. What is more, the dividends are paid on a quarterly basis, depending on the number of jackpots wins occurring throughout the given period. The more GGCOIN tokens are sold during the STO, the higher the dividend payout is going to be.
In addition to this, users will be able to profit from taking part in a comprehensive affiliate system. A total of 5 percent from the entire token supply is specially reserved for affiliate system payouts.
Every single affiliate will be entitled to a total of 5 percent revenue share of all the tokens which are purchased by their leads. This is going to allow the user to build on and increase the passive income potential of the lifetime revenue share.
A Variety of Winning Opportunities
It’s evident that GG World Lottery puts the participant at the forefront and that it’s a project which aims to provide as many ways to win as possible.
Users will be able to take part in state-of-the-art national online lotteries which are designed with unparalleled user experience in mind. They can be accessed irrespective of the user’s current whereabouts as they are also mobile-friendly.
Besides, a substantial part of the income will be used to support good causes and charities in all of the countries which will be a part of the GG World Lottery.
To further attest to its successful plan, GG World Lottery has already managed to raise more than $5.5 million during the beginning of its STO. You can take part and benefit from this opportunity to establish a profitable and stable passive income here.
Stay tuned on the project’s Facebook and Twitter page to receive regular updates. If you have any questions, don’t hesitate to ask them via the Telegram group.
What do you think of GG World Lottery’s ambitious project? Don’t hesitate to let us know in the comments below!
The post Establish an On-Going Passive Income Stream with GG World Lottery appeared first on Live Bitcoin News.

Coinbase Still Fails to Enable Bitcoin SV Withdrawals

Coinbase Still Fails to Enable Bitcoin SV Withdrawals
The split happened in the middle of November last year, as Bitcoin Cash morphed into two tickers at war. Bitcoin SV (Satoshi Vision), and BCH ABC are the two tickers and product of the hard fork led by conservatives such as Roger Ver and the famous Craig Wright who had earlier claimed he was the mysterious founder of Bitcoin, Satoshi Nakamoto.
The exchange resumed trading of Bitcoin ABC after the fork and also decided to give BCH ticker for Bitcoin ABC as it had longer proof of work chain and a higher hashrate.
Coinbase then said:
“We will continue to evaluate the safety of the BCH SV chain. Our current intention is to support withdrawal services for the BCH SV chain so that our customers may withdraw funds at a future date. We anticipate this development work will take at least a few weeks but may take longer.”
However, in an email sent around Christmas they wrote:
“Following the BCH hard fork and conclusion of the hash war, Bitcoin SV has confirmed the creation of a new coin, BSV. Coinbase intends to allow customers to withdraw BSV at a future date, though we do not currently intend to support trading, buys or sells.”
While Bitcoin SV withdrawals are on hold, Coinbase has been adding more “sh*tcoins” to their list of cryptocurrencies.
One user wrote:
“You have been busy adding new trading pairs but cannot ensure that coins that your clients own can be given to them for them to use. That is unacceptable. Please escalate this to someone whom can provide a better answer.”
According to the firm, development work for Bitcoin SV withdrawals is underway, although it could still be several weeks from coming on-stream. And as for on-boarding full support for Bitcoin SV transactions—they’ve still yet to declare their hand.
If Coinbase wants to continue to serve its customers in 2019, this is a situation that needs to be resolved quickly. Bitcoin SV is the only protocol capable of handling mass scale payments, as demonstrated by stress tests which comfortably handled 1.6 million transactions in four hours.
A number of Coinbase users are now crying out for the release of their BCH SV, with a subreddit specifically dedicated to the building issue. The frustrated user who reached out to the cryptocurrency news outlet shared his conversations, as he complains of Coinbase’s penchant for repeating the same set of excuses.
One user wrote before Christmas:
“I already read that generic update before I wrote you. Your team hasn’t updated us for 5 weeks since then. It is about time for a further update. Please provide something better than just rehashing what you already have on your website. We deserve better.”
The block size at 128 MB is already expected to increase to 512 MB in Q2 2019, ultimately scaling to 2 GB by November, with capability for handling transactions numbering in the billions. Just this week, on the 10th anniversary of the Bitcoin genesis block, a world record 103 MB block was mined on BSV chain—an achievement that confirms Bitcoin SV is on the correct path to becoming the world’s enterprise blockchain.
Poloniex Had its Own Pre-Fork Solution
Poloniex led the way and allowed both pre-fork trading and a convenient way for users to be sure their coins would “split” properly. All one had to do was make a deposit to their Bitcoin Cash wallet prior to the fork. Poloniex would take care of the rest. Many used this as an opportunity to initially “dump” their Bitcoin SV, even before it was officially live on its own blockchain.
It seems that Bitcoin ABC has won the war as most exchanges now regard Bitcoin ABC as Bitcoin Cash. Bitcoin ABC has also replaced the original Bitcoin cash to become the fourth largest cryptocurrency by market cap while Bitcoin SV is ranking number nine.
Coinbase Still Fails to Enable Bitcoin SV Withdrawals

Binance’s Launchpad to Announce One Project Each Month

Binance’s token sale platform called Lauchpad will be announcing one project every month in 2019. BitTorrent and Fetch.AI are to pilot the initiative. 
‘Distinguished Token Sale’ Platform
Binance’s Launchpad is a platform which attempts to legitimize token sales while supposedly providing the featured project’s team with additional advisory, insights, and experience.
According to an official blog post from January 3rd, Binance will begin announcing one new token launch every single month in the upcoming year.
The first two projects which are ‘coming soon’ to the platform are BitTorrent and Fetch.AI.
The file-sharing pioneer BitTorrent was sold to TRON’s Justin Sun earlier in June. The company will be issuing a new BTT token which is designated to improve file sharing amongst its 100 million monthly active users spread across 138 different countries.
The other project which will be initially featured on Launchpad is Fetch.AI  – an AI-driven decentralized blockchain network, attempting to enable digital entities to transact without the need of human intervention.
Questionable Timing 
Binance’s intentions are to provide additional support to the listed projects while putting them through a rigorous review process to guarantee validity.
According to the blog post, some of the factors that the world’s leading cryptocurrency exchange by means of market capitalization, include a screening of team members, large-scale adoption readiness, project maturity, and so forth.
It can’t go unnoticed, however, that funding of ICO projects has been on the low progressively throughout the entire 2018.

Live Bitcoin News reported recently that the prolonged bear market of 2018 has taken its toll on ICO projects, who’ve turned to day trading in order to stay afloat. In addition, prices of cryptocurrency ICO projects has fallen by 95% on average throughout the year.
What do you think of Binance’s intentions to begin listing projects on its Launchpad platform? Don’t hesitate to let us know in the comments below! 
The post Binance’s Launchpad to Announce One Project Each Month appeared first on Live Bitcoin News.

Signs of Adoption: Overstock to Pay Taxes with Bitcoin

Major internet retailer Overstock is set to become the first large US-based corporation to pay its state business tax in Ohio using Bitcoin. 
Bitcoin Taxes in Ohio
Popular internet retailer Overstock announced Thursday, January 3rd, that it intends to pay a part of its commercial activity taxes (CAT) in Ohio during February using Bitcoin. Supposedly, the company will become the first major corporation to pay its taxes using digital currencies.
The move comes a few months after Ohio became the first state to allow businesses to pay taxes using Bitcoin.
Speaking on the matter was Patrick M. Byrne – Founder and CEO at Overstock, who noted:
We have long thought that thoughtful governmental adoption of emerging technologies such as cryptocurrencies (when accompanied by non-restrictive legislation over these technologies) is the best way to ensure the U.S. does not lose our place at the forefront of the ever-advancing global economy. […] We are proud to partner with forward-thinking governments and officials like Ohio and Treasurer Mandel to help usher in an era of trust through technology for our nation’s essential financial systems.

What’s the Point?
It appears that there is a solid financially justified reason for using Bitcoin instead of cash for paying taxes.
In an Interview for Fortune, State Treasurer Josh Mandel revealed that those who opt to pay their taxes using a credit card are subjected to a flat 2.5 percent service fee. On the other hand, Bitcoin users would only incur a 1 percent service fee.
Overstock, however, is in an even better position, as according to Mandel, ‘early filers’ such as the company won’t be subjected to a fee at all.
In addition, Mandel salutes Overstock’s move:
We applaud Overstock for becoming the first national brand in America to register to pay taxes via cryptocurrency. Their embrace of blockchain technology was ahead of its time and we’re proud to have them join
What do you think of Overstock using Bitcoin to pay its taxes? Let us know in the comments below!
Images courtesy of Shutterstock. 
The post Signs of Adoption: Overstock to Pay Taxes with Bitcoin appeared first on Live Bitcoin News.

Bitcoin SV Reveals New Logo ‘Rebirth of Original Bitcoin’, Already Mocked by Public

Bitcoin SV Reveals New Logo ‘Rebirth of Original Bitcoin’, Already Mocked by Public
However, the new logo was promptly joked about through many of social media, who called it a “cheap imitation knock off” of the original (and the only one) Bitcoin.

Bravo, but has hints of cheap imitation knock off to it. I wonder why.
— KingOfAllShitcoins (@JinglesBTC) January 3, 2019

According to the press release, this new logo reflects Bitcoin SV’s roots while “updating” (or imitating?) Bitcoin’s classic logo. This is expected to allow BSV to be more professional in a very competitive market. It remains to be seen if these ambitious plans will eventually be translated into reality.
Bitcoin SV was born after a hard fork from the Bitcoin Cash (BCH) network. The network update started back on November 15, 2018, with the intention to preserve Satoshi Nakamoto’s vision of Bitcoin. Bitcoin SV wants to restore the original Bitcoin protocol, keep it stable, and allow it to scale.
There are two dominating proposals for the implementation of the BCH network in the form of Bitcoin ABC and Bitcoin SV (Satoshi’s Vision). Bitcoin ABC stands for “Adjustable Blocksize Cap”, and its proponents argue that the basic structure of BCH is “sound,” and “does not need any radical change”. Proposed changes include “removing software bottlenecks” and enabling node operators to change their block size limit.
The other implementation, Bitcoin “Satoshi’s Vision” or Bitcoin SV, rejects these changes to instead restore retired code from the original bitcoin protocol and increases the block size from 32 MB to 128 MB.
The team behind Bitcoin SV wants to reach billions of people and allow companies to build on top of it. There are some important changes to the logo, including a cleaner B symbol, the addition of the SV characters at the end and a “new” dragon gold color.
nChain’s Jimmy Nguyen and Founding President of the bComm Association commented:
“Today marks 10 years since the birth of the Bitcoin blockchain, and this date has more importance now than ever. After too many years of wasteful diversions from the Satoshi Vision, we can now finally celebrate Bitcoin’s rebirth – unchained from experimental whims of developer teams who veered away from Satoshi’s original plan.”
He also added that the Bitcoin SV Node is now referencing implementation for the BSV protocol. To differentiate the full node implementation from the BSV cryptocurrency, the Bitcoin SV Node team at nChain intends to keep its dragon logo for the time being. Occupying the 5th position in the Chinese zodiac, the dragon is the mightiest of the signs.
He said:
“It symbolizes leadership, ambition, good fortune, energy, and independence – perfect qualities for a reference implementation to lead Bitcoin to its destined world-changing future.”
Worth noting, that in just over one month since emerging as a separate chain and token, the Bitcoin SV ecosystem has quickly grown. More than 50 exchanges now list BSV. Numerous wallets have announced exclusive support for BSV – including the user-friendly and popular CashPay, Centbee, HandCash, hivr, and Pixel Wallet.
In the future, the bComm Association will be supporting a massive on-chain scaling of the Bitcoin SV blockchain. Bitcoin SV offers already the largest blocks, 65 and 64 MB. These are the largest blocks ever mined on a public blockchain. They will also be working with the BCH Professional Stress Test team and other firms to test and improve its capacity.
We at CoinSpeaker are pretty much standing beneath recent Vitalik Buterin announcement where he called Bitcoin SV a pure dumpster fire and said that he seriously does not believe in the Proof of Work consensus. The tweet was made a few days back using his official Twitter account:

Yeah no, I have my disagreements with the bitcoin roadmap, PoW, etc but they're trying to do something that's genuinely cool tech. BSV is a pure dumpster fire.
— Vitalik Non-giver of Ether (@VitalikButerin) December 25, 2018

Bitcoin SV proponents, Calvin Ayre, and Craig Wright have been propagating scaling of blocks for a long time and haven’t left any stone unturned in doing so. The community is aiming to make the coin a new currency used by people and make it a global public blockchain upon which major enterprises can build on.
Bitcoin SV is currently trading around $87.85 (at the time of writing) and has been on a downfall since its inception. The BSV hard fork has not been adopted by some of the major exchanges such as Coinbase and Gemini yet, which have already adopted the other hard fork or Bitcoin ABC just after the hard fork.
Bitcoin SV Reveals New Logo ‘Rebirth of Original Bitcoin’, Already Mocked by Public

Fortnite Store Now Allows Players to Use Monero

The Fortnite store now allows players to buy merchandise with cryptocurrency. To many people’s surprise, it’s not Bitcoin but Monero (XMR). At the moment, Bitcoin payments are not accepted because of growing privacy concerns.
There is not a public announcement shared from Fortnite yet. The reddit post which announced Monero is now accepted in the Fortnite store however, was met very positively. Monero users say this is a positive development for all cryptocurrencies. If the most popular game in the world with more than 200 registered users is leaning towards crypto adoption, the rest will have no choice but to adapt and follow.
Fortnite is indeed incredibly popular. The Fortnite store’s currency “V-bucks”, was preferred by American teenagers over both cash and gift cards. Riccardo Spagni also shared the excitement by tweeting:

Too cool: the Fortnite merch store ( lets you pay in Monero, so now you can purchase that sweet Durrr Burger onesie without your friends / family / coworkers judging you.
— Riccardo Spagni (@fluffypony) January 1, 2019

This of course lead to many twitter users asking questions about Bitcoin. Most people were wondering why the largest and well-known cryptocurrency was not accepted. Spagni was quick to tweet out:

Lack of privacy, but they’re considering LN because it restores *some* privacy to Bitcoin.
— Riccardo Spagni (@fluffypony) January 1, 2019

The project lead for Monero, quickly explained that the Fortnite store made its decision due to the lack of privacy. There are however, currently ongoing debates on whether or not to use Lightning Network as it restores “some” privacy to Bitcoin.
Spagni shared that Fortnite is also very interested in Lightning Network. He also said that Monero is doing their best to assure them to add it to the list. At the moment, only Monero is enabled despite the number of options at their disposal.
The Fortnite Store has done well to watch out for scandals with privacy
There is no doubt with the recent developments involving social media giants like Facebook, that privacy has become a huge priority. After many reports of user data being stolen/sold by Facebook users and developers are now very careful on how they deal with issues regarding privacy.
This shouldn’t come as a surprise. Facebook and other social media giants were revealed to sell users’ personal data for years and people are right to be outraged. This is why cryptocurrencies like Monero and Zcash are highly preferred among regular crypto users. The high level of anonymity for both users and their transactions is something very important in today’s day and age.
Of course Big Brother is already on the case as last month, the US Department of Homeland Security announced the development of a monitoring framework which will be used to track both Zcash and Monero transactions. This will be done by a blockchain-based forensic analytics program.
According to the United States government, the move is done in order to ensure cryptocurrencies are not used as money-laundering, tax evasion and terrorist funding.
You can also check out:

Gods Unchained: First Steps Into Blockchain Gaming
Quantumcloud: Gamers Can Earn a Passive Income with New App
Faircoin: The Small Price of $0.22 Can be Worth Millions
Bulletproofs Technology to Assit Monero with Confidential Transactions


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4 Unique Things in Bitcoin for Students

4 Unique Things in Bitcoin for Students
A student’s life is never easy, with classes, exams, exotic parties, and living far away from home there are many challenges to face. There is always a need to find something that will facilitate life around campus so every option is welcome.
Bitcoin, blockchain based cryptocurrency, is becoming increasingly popular among the general population, however, not many people see all the practical benefits this digital currency has to offer. For this reason, we decided to create an article that will portrait some of the most valuable benefits Bitcoin has to offer to students.
Ease of Monetary Transactions
When you study abroad, it’s not easy to take care of your financial status and dedicate to finishing all the exams on time. Sending money from one country to another is costly, there are bank fees, currency conversion fees, and more often than not it can take days until the money is in your hands. Bitcoins travel fast, it takes minutes for Bitcoin transaction to get approved and settled. The fees are minimal to nonexistent, which puts cost-efficiency to a maximum level.
Furthermore, if you decide to move to another country transferring your funds require talking to your bank, and loads of paperwork just to enable yourself to use the money you already own. Crossing the border with bitcoin is easy, just put your money on a USB stick and you’re good to go!
Online Payments
Just think about all the things you can acquire online and how much money you lose on account of conversion and bank fees. The list of companies that allow Bitcoin payments is growing larger by the day and you can pay online for just about anything you’d need using cryptocurrency.
Per example, students often need help with their studies which is the reason why online services like UK Best Essays, Superior Papers, Scholaradvisor and other exist in the first place. Paying online services usually include conversion and credit card fees, which, in a long run, take away a substantial amount of money. Therefore, Bitcoin payments provide a significant saving and students need to save every cent.
Finally, we all know how online purchases can go wrong simply because the merchant has a lack of scruples and claims your payment did not go through or you never made the payment in the first place. Since cryptocurrency transactions are unchangeable it is impossible to become a victim of money-hungry online frauds. 
A Chance to Earn Some Extra Money
It’s not unusual for finance students to dream big and see themselves as large Wall Street players in the future. Buying cheap and selling for a higher price, always keeping an eye on the flow of stock value and trade volume is not an easy endeavor, it takes a lot of practice to master these skills.
Bitcoin trade is a good way to start putting all those classes you took to work and practice your trading skills before you become an investment expert. Cryptocurrency trade became a real hit in the late 2017 and it’s still a popular source of income for many people both young and old. Nevertheless, there is no risk-free investment so make sure you don’t put in more than you are willing or able to lose.
In addition, there are numerous peer-to-peer loan platforms which include Bitcoin loans. These platforms allow users to put their digital money to work and gather tempting interest rates. However, make sure you choose a platform that suits your purposes, you don’t want to put your hard-earned Bitcoins into someone else’s hands just to see them going away with no guarantee of at least retrieving your investment.
Credit cards are a comfortable means of payment, however, they always leave a trail. Imagine using your parent’s credit card to purchase articles that you don’t want them to know about even if they allowed you to spend the amount of money needed for the payment. You won’t surprise your mom with a Mother’s day gift if she already sees it on her monthly report statement. This is where Bitcoin is your best friend as it leaves no trail and there is no personal data included before, during or after the transaction is complete. Of course, this doesn’t mean that you are completely untraceable, it’s just very difficult to find your address.
The world is changing, so is the way we conduct business and perform payments. Students represent the future of the society, therefore it’s of paramount importance for them to stay in line with emerging trends. The benefits listed in this article are just some of the many perks that Bitcoin provides. As time goes by, it’s certain that there will be even more benefits to come so make sure you keep up with the news and stay informed.
4 Unique Things in Bitcoin for Students

Binance Announces Support for Upcoming Ethereum Constantinople Hard Fork

Binance Announces Support for Upcoming Ethereum Constantinople Hard Fork
Ethereum supporters are anticipating the upcoming Constantinople hard fork scheduled to launch on the 16th of January. The hard fork will occur at block number 7,080,000 and is believed to be the largest upgrade for the network. According to a famous cryptocurrency expert Alex Krüger, Constantinople upgrade will be very bullish for Ethereum and can greatly affect the currency.
The much-awaited hard fork has already received a green light from everyone in the community. Moreover, it has received support from Binance, the largest cryptocurrency exchange by adjusted volume.

Binance Will Support the Upcoming Ethereum Constantinople Hard Fork
— Binance (@binance) January 3, 2019

The exchange asked ETH holders to allocate enough time for deposits to be fully processed before the block height 7,080,000 is achieved. The announcement reads:
“Binance would like to confirm support for the upcoming Ethereum Constantinople Hard Fork. Please leave sufficient time for deposits to be processed in full prior to the block height shown below. We will handle all technical requirements involved for all users holding Ether in their Binance accounts.”
Binance further added:
“Should there be any other hard forks or airdrops during the Constantinople hard fork period, we invite these respective project teams to contact us at [email protected] for further discussion.”
Binance is known as the most trusted among investors within the digital asset community. Targeting institutional investors, the exchange launched a new sub-account feature for institutional traders to let them create multiple accounts under one profile. The new feature includes an updated dashboard panel that offers comprehensive balance reporting, account management, asset management, order management, transfer history, and login history options.
Ethereum to Make Gains
Obviously, support from Binance is very important for the upcoming Ethereum hard fork. Before New Year, Ethereum was at the third position in terms of market capitalization. But soon, due to the certainty of the hard fork that will involve significant enhancement to the network, the currency saw a price hike. Its market capitalization increased, and Ethereum crossed XRP, acquiring the second position on the top-10 list.
At the moment of writing, Ethereum trades at $153.63, which is an 84.3% increase in fewer than three weeks when compared with the $83 value witnessed mid-December. The price made an incredible rise from January 1 from the support at $130 and tested the resistance at $160. Currently, its market cap makes up $15.9 billion, and Ethereum takes a confident second position after Bitcoin.
With another 2 weeks to the hard fork, the digital asset might continue to make gains in the crypto market, as the crypto community is excited and curiosity around the event is growing.
The decision to launch the Constantinople hard fork was made by  Ethereum’s developers during a bi-weekly meeting held on December 7. The fork will improve the network and means significant changes, bringing in five EIPs, which will permanently alter the network with new backward-incompatible upgrades.
Binance Announces Support for Upcoming Ethereum Constantinople Hard Fork