Ethercoin Price Skyrockets as Ethereum Confirms ‘Launch’
Stephen Tual of Ethereum has confirmed speculation about the soon to be 'launch' of the project leading to the controversial third party traded 'Ethercoin' to skyrocket in price. On their official blog, Stephen Tual, CCO of Ethereum confirmed speculation that the international project would 'launch' stating that “We are only days away from launching ‘Frontier.’” He goes in some depth as to what to expect and where to get the information you need. Tual also explained that as far as the 'launch' goes: “There will be no countdown – Ethereum is not something that’s centrally ‘launched,’ but....
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Ethercoin is an asset backed by the Ethereum project's ethers, which Ethercoin developers purchased during the Ethereum presale. Assuming the developers fulfill their promise, ethercoin holders can redeem their coins at a 1:1 ratio for ethers once the Ethereum project official launches its blockchain. Since its launch, the ethercoin price has been incredibly volatile, bringing huge price swings almost every day. Nevertheless, the ethercoin price has been trending downwards. This price decline might tempt traders to invest on speculation, but investing in Ethercoin is a bad idea. Also Read:....
Ethercoin is an asset backed by ether, which does not exist yet itself. If you have ever wished cryptocurrency operated more like central banks, you're not alone. Well, you probably are, but that has not discouraged the developers of Ethercoin from introducing a currency that would make the central bankers proud. By creating a coin that operates completely on trust and gives developers nearly complete control of the network, the Ethercoin developers are proving they could have what it takes to one day run a national government's central bank. Also Read: USDcoin May Become Reality, Says....
The price of ethereum, the second-largest crypto asset in terms of market valuation, touched an all-time high (ATH) on Monday, capturing $4,246 per unit. Ethereum has been on a tear during the last year against the U.S. dollar, gaining a whopping 2,129% in 12 months. Ethereum Captures Fresh Price Highs, ‘Flippening’ Begins to Trend Ethereum (ETH) reached a new ATH this Monday, tapping $4,246 per ether. ETH is up over 6% during the last 24 hours and 21.9% over the course of the week. Against bitcoin (BTC), ETH is up 19% during the course of the last seven days. 30-day stats....
Ethereum surged over 25% and it even broke $1,000 against the US Dollar. ETH price is trading in a strong uptrend and the monthly chart suggests a test of $1,200 in the near term. Ethereum is surging and it broke many hurdles near $800 and $900. The price is now trading above the $1,000 level […]
Ethereum has seen more interest in recent days. Most of it has come from the price decline of the digital asset which has allowed investors to get in at a much lower price. This interest can be easily seen in the rise of the Ethereum-denominated open interest. In the last week, this has risen dramatically. […]