Coin of the day is Ethereim.
The main competitor of the Bitcoin. Ethereum is an open-source, public, blockchain-based distributed computing platform and operating system featuring smart contract (scripting) functionality. Ether is a cryptocurrency whose blockchain is generated by the Ethereum platform. Ether can be transferred between accounts and used to compensate participant mining nodes for computations performed. Ethereum provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes. "Gas", an internal transaction pricing mechanism, is used to mitigate spam and allocate resources on the network.
A large number of Ethereum based projects emerges now (OniseGo, Qtum, Ox...) which increases the capitalization and acceptance of the whole technology.
Latest events
May 2 - The Enterprise Ethereum Alliance (EEA), with over 500 members, today unveiled the next phase of its Enterprise Ethereum specification strategy, with the public release of its Enterprise Ethereum Architecture Stack. This stack defines the building blocks needed to drive the Web 3.0 era of decentralized, connective intelligence – the next generation of Enterprise Ethereum applications that, like the Internet, will work anywhere, and are capable of facilitating smart contracts without intermediaries.
May 2 – Reddit, which hosts communities for every single cryptocurrency in the world, is hoping to bring back crypto payments to the platform, this time with Ethereum and Litecoin in addition to Bitcoin, according to CTO
Technicals
ETHBTC went into an uptrend on the 04.04.2018, broke above the Bullish Trend Lines and are showing sustained growth for already a month. On 22.04.2018 the coin broke above the 100-days EMA and 0.07 level. Regarding the daily distribution of volumes, the peak of volumes located much higher than 0.075 level, which means that in the nearest term the price will test 0.08 level. In case of breakthrough, we might see an increase of momentum and movement to the 0.09 level. In case of rebound from the 0.08 level, the correction is possible, as the coin already looks overbought and there might be traders who will want to fix the profits. 0.075 level should act as a support. For the correction scenario, 100-days EMA would be a reasonable support.
The main competitor of the Bitcoin. Ethereum is an open-source, public, blockchain-based distributed computing platform and operating system featuring smart contract (scripting) functionality. Ether is a cryptocurrency whose blockchain is generated by the Ethereum platform. Ether can be transferred between accounts and used to compensate participant mining nodes for computations performed. Ethereum provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes. "Gas", an internal transaction pricing mechanism, is used to mitigate spam and allocate resources on the network.
A large number of Ethereum based projects emerges now (OniseGo, Qtum, Ox...) which increases the capitalization and acceptance of the whole technology.
Latest events
May 2 - The Enterprise Ethereum Alliance (EEA), with over 500 members, today unveiled the next phase of its Enterprise Ethereum specification strategy, with the public release of its Enterprise Ethereum Architecture Stack. This stack defines the building blocks needed to drive the Web 3.0 era of decentralized, connective intelligence – the next generation of Enterprise Ethereum applications that, like the Internet, will work anywhere, and are capable of facilitating smart contracts without intermediaries.
May 2 – Reddit, which hosts communities for every single cryptocurrency in the world, is hoping to bring back crypto payments to the platform, this time with Ethereum and Litecoin in addition to Bitcoin, according to CTO
Technicals
ETHBTC went into an uptrend on the 04.04.2018, broke above the Bullish Trend Lines and are showing sustained growth for already a month. On 22.04.2018 the coin broke above the 100-days EMA and 0.07 level. Regarding the daily distribution of volumes, the peak of volumes located much higher than 0.075 level, which means that in the nearest term the price will test 0.08 level. In case of breakthrough, we might see an increase of momentum and movement to the 0.09 level. In case of rebound from the 0.08 level, the correction is possible, as the coin already looks overbought and there might be traders who will want to fix the profits. 0.075 level should act as a support. For the correction scenario, 100-days EMA would be a reasonable support.
