Ethereum/bitcoinnewsboards

To Launch the Most Complex DApp Ethereum Enters Phase 2

Hundreds to Thousands of Transactions on Regularly

As per the local news report previously it reported that, the open-source developer community of ethereum led by developers like Vitalik Buterin, has been focusing on the major development of layer-two solution Sharding and Plasma, which combined has the potential to increase the Ethereum blockchain network to one million transactions per second.

At a panel discussion in the conference, Joseph Lubin, Co-founder of ethereum said that emphasized that in the near future, this blockchain protocol’s main chain will be utilized as a trust system and layer-two networks will mostly handle the heavy load of processing large amounts of data.

“It is moving into a space where it can serve as the layer one trust system and built into Ethereum we’ll have hundreds of thousands of transactions in the layer two systems and we’re going to see that the transaction capacity is doubled this year.”

Solutions like Plasma and Sharding will increase the security of Ethereum’s layer one protocol to securely process information in a highly efficient manner. In this Plasma operates as a multichain protocol with a network of minor blockchains while processing micropayments as a small payment channel. Simultaneously, it is expected that the integration of the two solutions to create a system wherein any decentralized application (dApp) can be deployed and operate without facing scalability issues.

Already many of the crypto and blockchain projects have employed unique off-chain systems to batch payments and only send transactions that absolutely need to be processed on the main chain. 0x, for instance, operates as a base layer for decentralized exchanges and has been processing most of the sell and buy orders on broadcasting batched transactions decentralized exchanges off-chain so that the main chain to reduce the burden on Ethereum.

Decentralized prediction market platform Augur. Joey Krug founder of Augur described as the most complicated decentralized application, has launched on the Ethereum blockchain protocol after years of development. Augur launch on the smart contract protocol of the Ethereum blockchain took longer than any project currently in existence due to the difficulty of its market on a decentralized network that relies on smart contracts to settle the information.

Sonder / BitcoinNewsBoards

E-Commerce Disruptor SONDER Nears ICO Sellout

Since the inception of cryptocurrency, a core value among enthusiasts and evangelists in the space has been a necessity for merchant adoption. Now, nine years since the creation of Bitcoin, some merchant integration has been seen, but the technology as a whole has yet to provide a seamless method for widespread adoption among consumers and producers alike. However, the SONDER project could potentially be the key component, the link that unites blockchain with merchants throughout the world.

Disclosure: This is a Sponsored Article

Conceived in the Summer of 2017, SONDER represents an evolution in e-commerce initiatives in the blockchain sphere. Currently, a number of roadblocks: high fees, slow transactions, and a lack of transparency, has previously inhibited merchants from adopting blockchain market platforms. SONDER is a custom blockchain platform that addresses each of these issues through an ecosystem that is also both secure and easy-to-use for businesses and consumers alike.

Soft cap achieved

Recently, SONDER (SNR) has hit the US$4 million mark to reach the soft cap of the ICO. The hard cap rests at $6 million, and over $5.2 million in total contributions, that cap is poised to be achieved very shortly. The SONDER team is comprised of veterans and heavyweight in business settings throughout Japan and Europe. Investors see the capabilities of the team in forging a platform that accurately meets the needs of vendors worldwide, and, more importantly, connect them in a seamless manner to the new capabilities presented by blockchain infrastructure. The global e-commerce industry is worth close to US$2 trillion. With a hard cap of just $6 million, the payoff from a successful SONDER future is monumental.

SONDER offers a whole array of benefits unmatched by existing e-commerce opportunities in the cryptocurrency space. Merchants and consumers alike benefit from a zero fee ecosystem. With SONDER’s own API and SDK, integration on and usage of the platform is as simple as possible. End-to-end encryption, secure messaging, and Tor integration ensure a completely private, untraceable, and secure experience for every participant involved.

On top of this, the platform is equipped to handle different cryptocurrencies and even fiat currencies, further expanding the inclusivity provided. The custom blockchain, with near-instant transactions, is also equipped to scale far beyond the capacities of traditional e-commerce cryptocurrencies. Holders of SNR are also incentivized through the integration of high yielding masternodes. As the platform is developed and grows, individuals with masternodes will see their balances increase alongside inevitable price increases.

The ICO is concluding shortly, and with less than US$800,000 worth of SNR for sale, its imperative to look into SONDER sooner, rather than later. The price of SNR is pegged to .00007 ETH, with 70% of the 240 million supply distributed through crowdsale. Shortly following the crowdsale, SNR will see listing with major exchanges. This is shortly followed by an Alpha launch of the platform in the third quarter of this year, with the mobile app emerging in the following quarter. In the first quarter of 2019, both masternodes and the SONDER mainnet will launch. By the second quarter of next year, the SONDER platform will be fully published, with the zero fee ecosystem open to users worldwide.

gana / BitcoinNewsBoards

GANA Technologies Completes a Successful Private Token Sale, Prepares to Start Public Sale on May 21

Green and Nature Association (GANA) Technologies, provides AI and blockchain technology based solutions to the cannabis industry. GANA is all set to start the public sale after a 100% successful private sale of 10K ETH. GANA’s vision is to become the biggest data holder in the cannabis industry. Accordingly, consult new and existing cannabis businesses and provide more healthier and efficient service to cannabis users.

May 16, 2018

Following the end of a successful private token sale, Green and Nature Association (GANA) Technology is delighted to announce the official start of the public sale of GANA token on May 21.  This blockchain start-up promises to be a gamechanger in the cannabis sector by providing blockchain and AI technologies solutions to individuals and research institutes through an ecosystem that collects and shares key industry data. A total supply of 2,400,000,000 GANA tokens will be up for sale during the first public sale to be conducted by GANA Technologies.

Over the last few years, the field of AI has progressed in leaps and bounds in almost all industries. However, when it comes to decision making, there has always been a constant debate over the ethical responsibilities of AI. In case of the medical industry including that of Cannabis, a thorough management of such AI’s must be undertaken.

The GANA ecosystem looks to solve the inadequacies of the current cannabis industry by collecting data from the users, retailers, researchers, and other data sources and providing target-based content provision. Utilizing the groundbreaking blockchain technology, GANA ensures transparent data management for providing valuable information to both the consumers and companies. By offering quality authentication system and business intelligence platform, they want to provide an artificial intelligence based personal assistance service to cannabis users. The ultimate goal for GANA is to become the largest data holder in the global cannabis industry.

Some of the key benefits of the new concept created by GANA Technologies are

  • Product quality authentication system: A blockchain based authentication system that tracks seed-to-sale process using QR code.
  • Artificial intelligence based image recognition: GANA is currently working on developing a function of mobile application that can scan a bud and calculate the possibilities of containing substances using artificial intelligence based image recognition technology.
  • Collecting consumer data: GANA aims on collecting consumer data to carry out consumer analytics just like Amazon, Facebook and YouTube. By analyzing data generated by the users, they are looking to provide more optimized recommendations.
  • Personal assistant service: This feature will be particularly useful for the new cannabis users that do not know which type to consume in a given situation and purpose.
  • Business intelligence platform: Cannabis companies often have customer data that can be used for understanding them better and creating better services or products, but lack the knowledge to deal with those data. GANA aspires to become their consultants by sharing the data and artificial intelligence based analysis tools to provide insights for their business.
  • Payment system: Users can use GANA payment to purchase products, services and digital contents using GANA tokens.

“GANA Technologies provides blockchain and AI technologies solutions which are required by individuals and research institutes through establishing an ecosystem that collects and shares cannabis industry data with lagged technology,” says Gapseong Noh, the CEO and Founder of GANA Technologies.

The upcoming public sale of GANA tokens will take place over four different rounds.
Mentioned below are some key points related to this taken sale.

  • Total token amount: 2,400,000,000 GANA
  • Token rate: 1 ETH= 20,000 GANA
  • Bonus rate: 1ETH = 20,000 + 0 ~ 2,000 GANA (+ 0 ~ 10% bonus)
  • Hard cap = 60,000 ETH
  • Coin allocation: GANA sale 50%, reserve pool 15%, team 15%, advisors and partners 10%, and company 10%.

To find out more about Green and Nature Association (GANA) Technologies, please visit https://ganacoin.io/ico

About GANA Technologies: GANA Technologies provides optimized blockchain and AI technologies based solutions to individuals and research institutes by establishing an ecosystem which collects and shares data from the cannabis industry. The data learned by their AI model is based on data collected by the users themselves. This makes the users themselves part of the indirect developers of such models since GANA provides full authorities to the type and range of their data for learning. GANA aims on providing transparent management of development process to establish trust with users.

Contact:  Ellie

Website: https://ganacoin.io/ico

Email: info@ganacoin.io

Peur / bitcoinnewsboards

Peur: A Reliable Solution to E-commerce Problems Launches their Token Event

 Peur, a decentralized e-commerce platform announces impending token event. Peur is a marketplace which provides a wide-array of products at lower costs with quality assurance.

13th April 2018. Perth, Australia: In the era of digitalization, none of the forum is prevented from adopting the e-commerce measures and all the sectors are leading towards the virtual marketplaces and payment gateways. But one question raised by users creates hindrance in the path of e-commerce shaping new economic trends. It is the safety and security of the e-commerce platforms. To resolve this issue, Peur, an Ethereum blockchain-enabled decentralized platform that facilitates the trusted marketplaces and payment gateways, came into picture.

What Exactly Is Peur?

Peur is not just a platform which acts as a marketplace but a cryptocurrency which can be paid for various transactions on digital platforms. Peur marketplace provides a wide range of products at lower costs with assured quality. Peur seems to provide benefits to all the market players i.e. customers, merchants, service providers etc. The 100% reliable, transparent and fast processing of transactions is guaranteed by Peur developers.

Even, users can get the benefit of exchanging either their fiat currency or cryptocurrencies using mobile devices. Peur wallets which are encrypted through Finger Scanners, Google Authenticator, and Barcode are another attribute of it.

The trend of e-commerce platforms is increasing nowadays and people are enthralled to use this for transactions. The long authorization processes, unreliable processing systems, and high operating costs are the major concerns of both the customers and retailers faced commonly on e-commerce platforms. To overcome all the flaws, Peur as a decentralized Ethereum blockchain-based platform is created which address the issues of the clients.

It is marketplace which offers extensive and ample products. In fact, Peur has launched its own currency to enable the payments in a reliable and faster manner. It appears to be the biggest advantage for all the market sections as the platform is facilitated by smart contracts which ensure its transparency and stability.

Peur community is among the best ecosystems for token holders where they can participate in other projects launched by Peur and get engaged in trading of products, voting as well as usage of services offered at the platform.

Pre-Sale Event Launch

Token Generation Event, commonly known as ‘TGE’ is an event which allows participants to acquire cryptocurrency tokens, which can act as a digital asset that enables the selling of equity funds in a public mode. It enables the companies to raise the money for the project and achieve the full potential of the cryptocurrency. Watch it here!

Peur currency is generally denominated as ‘PURC’ tokens. The tokens derive their value from underlying assets or properties. PURC tokens are considered as cryptocurrency which can be traded and used for several kinds of investments, sending or receiving payments, and also as payroll money. PURC tokens can be stored in ERC-20 standards wallets.

The total PURC tokens in circulation will be 200,000,000. The total tokens being held for sale is 130,000,000 i.e. 65% of the total token money. However, at first;

Pre-Sale:
Timeline: – It will start on the April 24th – April 30th
Number of Tokens to be Sold: –    24,000,000
TGE Base Price: – 1ETH=  8,000 PURC
Minimum Investment: – 1 ETH Bonus Whitelist : 5% Tokens, Bonus Pre-Sale : 10% Tokens
Accepted currencies: – BTC, ETH, LTC and DASH

Token Generation Event Disclosures

The token sale is open to general public, it is termed as ‘Crowdsale’. It is performed to get the capital for the firm’s operations and also to facilitate users to transact on digital platforms using tokens.

PURC tokens which are kept for Crowdsale is 106,000,000. The hard cap and soft cap are $25 million and $2.5 million respectively. The crowdsale will be carried out in four phases.

First Phase: 
Timeline: – It will start on the 8th day of the day token event presale starts.
Number of Tokens to be Sold: – 26,500,000
TGE Base Price: – 1ETH= 6,400 PURC
Minimum Investment: – 0.1 ETH
Bonus: – 5% Tokens

Second Phase: 
Timeline: – It will start on the 16th day of the day token event presale starts.
Number of Tokens to be Sold: – 26,500,000
TGE Base Price: – 1ETH= 5,440 PURC
Minimum Investment: – 0.05 ETH
Bonus: – 3% Tokens

Third Phase:
Timeline: – It will start on the 24th day of the day token event presale starts.
Number of Tokens to be Sold: – 26,500,000
TGE Base Price: – 1ETH= 4,890 PURC
Minimum Investment: – 0.05 ETH

Fourth Phase: 
Timeline: – It will start on the 32nd day of the day token event presale starts.
Number of Tokens to be Sold: – 26,500,000
ICO Base Price:1ETH 4,650 PURC
Minimum Investment: – 0.01 ETH

As soon as the token event ends in April, the tokens will be listed on exchange platforms within next three months.

Peur is a viable solution to all the e-commerce problems that open the fronts for increasing online retail websites. It has approached all the market players and the team is focused to provide robust as well as a flexible framework for online transactions.

Visit the Website: https://www.peur.io
Read the Whitepaper: https://www.peur.io/getwhitepaper
Join on Facebook: https://www.facebook.com/Peurcoin/
Join on Twitter: https://www.twitter.com/peurtoken
Subscribe on YouTube: https://www.youtube.com/watch?v=4kv8uT5BwO8
GitHub: https://github.com/peurmarketplace/peurcoinGitHub
Reddit: https://www.reddit.com/r/peur/
Chat on Telegram: https://t.me/peurtelegram

Havven / bitcoinnewsboards

Havven Launches eUSD, Its First Stablecoin

Australian based cryptocurrency, Havven, has launched the first iteration of its stablecoin, called eUSD. Havven is a decentralised payment network, and eUSD is the initial version of the nomin token, backed by ether, which seeks to keep a stable value of USD$1. eUSD is directly redeemable for ETH, and its release will allow Havven to observe and extract data that will assist in the rollout of the network.

Havven executed the largest token sale by an Australia-based cryptocurrency in February, raising USD$30 million. eUSD is currently able to be traded against ETH on IDEX and Radar Relay, as well as at the Havven website. The other token in the system, the havven token (HAV), is already trading against ETH on KuCoin, Qryptos, CoinSpot, and several other exchanges.

The founder of Havven, Kain Warwick, says this release is an important milestone in their roadmap for 2018. “After any token sale, it is vital for a project to prove that they can deliver quickly on the product they promised. The launch of eUSD demonstrates that we are committed to releasing a working version of the platform as soon as possible, to meet the need of a decentralised payment network and stablecoin.”

eUSD can be used for remittance and payments of all kinds, and Havven will soon be launching an eStore to demonstrate its viability as a payment method for everyday transactions.

eUSD is currently backed by ether, but later iterations of nomins will be backed by the value of the havven token. Havven-backed nomins are currently planned to initially be released by June, 2018, with a peg to USD. Havven-backed nomins that are pegged to other currencies—such as EUR, AUD, YEN, and GBP—are planned to be released by the end of 2018.

How Havven works

The Havven platform uses two tokens to achieve stability. The value of the havven token, which was sold in the token sale, provides the collateral for the platform. The nomin token is a stablecoin backed by the value of havvens, and is issued by havven holders who lock up their havvens as collateral. Any transactions operated with nomins distribute fees to havven holders, who are rewarded for controlling the supply of nomins to provide a stable value of $1. As more people use nomins for transactions, the value of havven tokens will increase due to the higher fees generated.

For any further information on Havven, please contact: 
Garth Travers | garth@havven.io | +61 438 691 817

Lescovex/bitcoinnewsboards

Lescovex Announces the Launch of its Trading Platform for the Exchange and Creation of Digital Assets

Lescovex is a platform for the exchange and creation of digital assets. A tool that, through Ethereum’s smart contracts technology, simplifies the process of tokenizing any good or digital asset. At the same time, the platform offers an online market where all kinds of digital goods can be exchanged: Cryptocurrencies, Tokens and Commodities.

Thanks to its strategic alliance with Kantox, a company specializing in Forex, Lescovex users will have the possibility to exchange all digital assets with more than 10 fiat coins such as EUR, USD, MXN, JPY or KRW.

The main advantage of this innovative model that combines the creation of tokens and their trading is that the tokens have direct access to a large exchange market, positively affecting the value and liquidity of any token created in Lescovex platform.

Lescovex ICO going LIVE!

The distribution of the Lescovex tokens [LCX] will be made from March 1 to April 19 and will consist of phases where different bonus will be offered.

Participants will be able to take part of the LCX token sale where a maximum of 5 million LCX will be distributed among all its crowdfunders. The first phase of the crowdsales will have the benefit of a 20% bonus discount on its 0.01 ETH official token sales price.

In order to participate in the LCX tokens distribution, contributors only should register in Lescovex and  send their ETH contribution to the address shown in lescovex.com

Lescovex platform features and benefits

With the aim of creating the largest new generation exchange supported by a solid community, Lescovex will distribute its profits among the entire community that supports the exchange by acquiring the official token of the platform [LCX]. Therefore, investors who have LCX tokens will receive 50% of the fees from all the trading volume generated in the exchange.

The main objective of the platform is to simplify the process of creating tokens and smart contracts to facilitate the adoption of the emerging blockchain technology in the fintech sector of companies, SMEs and producers of raw materials.

Thanks to Lescovex, any type of company will be able to build loyalty by creating and distributing digital tokens among its clients or users from a simple and intuitive interface. At the same time, companies will be able to create smart contracts for the management of their products and financial agreements, as well as the management of transparent governance over their digital assets.

In Lescovex, users can create financial products capable of transforming any resource or raw material into a digital good supported by a smart contract, whose value can be easily exchanged in the futures market built on the blockchain. And, through its complete ecosystem of smart contracts, companies, startups or small producers will be able to distribute their digital assets in various forms of collective financing such as ICO Public Offerings, Crowdfundings, or Equity Crowdfundings.

Currently, the project can be tested in an alpha development phase where some of the main contracts are already shown as well as the digital assets exchange panel.

Lescovex.com has initiated the regulatory processes of the Swiss Financial Market Supervisory Authority (FINMA) whose license will allow it to offer numerous financial products related to the issuance of digital assets. It is undoubtedly an advantage that opens up a universe of possibilities for business in the cryptoeconomy sector, while it provides security and confidence to its customers.

Lescovex presents a near future where any value can be digitized and traded in a simple and intuitive exchange accessible to the public worldwide. A new paradigm shift where SMEs and small producers of raw materials can access markets and sell their goods directly to their potential consumers without having to go through the long chains of intermediaries that make their production more expensive.

This scenario has the potential to reach a huge audience that has not yet become familiar with blockchain technology and even less with the creation of its first digital token.

Telegram

Discord

Company name: Lescovex

Company site: https://www.lescovex.com/

Company contacts: Oscar Parera

Company email: media@lescovex.com

Ethereum/bitcoinnewsboards

Where is Ethereum price heading to?

Ethereum has continued to recover from the 47% pullback last week. The cryptocurrency’s market capitalization currently stands at US$104 billion, with US$2.7 billion traded over the past 24 hours.

ETH price is slowly recovering and is currently trading above the $1050 level against the US Dollar. There is a bullish trend line forming with current support at $1040 on the hourly chart of ETH/USD. The pair may slowly move higher towards the last swing high of $1089 and the $1110 resistance area. We had forecast a rally to $1174.36, which is the 61.8 percent Fibonacci retracement level of the recent fall from $1424 to $770 and Ethereum topped out at $1,160 on January 20, 2018. The bulls have been attempting to hold the trendline support for the past two days. We believe the support zone between $900 and $845 is likely to be defended strongly by the bulls. The ETH/USD pair will indicate a change in trend only after it breaks out of the down trendline.

There was a decent rise in ETH price above the $1050 level against the US Dollar. The price traded as high as $1089 from where a downside correction was initiated. It broke the 23.6% Fib retracement level of the last wave from the $947 low to $1089 high. There was even a break below the $1050 support area, but the downside moves found support at $1010.

The 50% Fib retracement level of the last wave from the $947 low to $1089 high acted as a major support. Moreover, there is a bullish trend line forming with current support at $1040 on the hourly chart of ETH/USD. The pair also stayed above the $1000 support and the 100-hourly simple moving average. It recovered later and is currently trading above the $1050 level. As long as the trend line support at $1040 is intact, the price may continue to rise in the near term.

Transactions per day and block times have both decreased this week, and the pending transaction pool is essentially zero at this time. The popular cryptokitties Decentralized Application (dApp) had been driving much of the transaction increase throughout the end of 2017. Total auction sales of cryptokitties now account for US$19,215,092.24. Many other dApps are coming online in 2018, which may increase transactions dramatically.

The technical experts indicate a higher timeframe mean reversion support test, with lower time-frames indicating several confluent long entry signals. Targets include the previous record high and resistance levels above US$1,500.

cryptocurrency/Bitcoinnewsboards

Top 25 Cryptocurrencies in the World

In this modern era, the virtual world is growing at a explicable rate. The markets are expanding and the world moving forward. We are now all well aware of the crypto-world, so we might as well as polish our fingertips on the various types of cryptocurrencies. (The following numerical data is based on today’s research and value. The values are to be differed daily)

  1. Bitcoin – This is the most common and widely used cryptocurrency. It is represented by BTC. It was the very first decentralized digital currency in the world. It has a market capital value of $196,934,790,812 with the supply of 16,810,625 BTC worldwide
  2. Ethereum – This is also a very common cryptocurrency. It is represented by ETH or Ether. Being released on 30thJuly, 2015, it has made a market capital of $103,836,901, 674. There are 97,060,161 ETH
  3. Ripple –  it’s represented by XRP. Ripple has a market capital value of $63,056,864,928 with 38,739,142,811 XRP out there.
  4. Bitcoin Cash – This has the symbol of BCH and a market capital of $31,142,090,029. There are currently 16,918,613 BCH worldwide
  5. Cardano – Cardano is on the top 5 of the most happening and used cryptocurrencies worldwide. Being represented by ADA, there are 25,927,070,538 ADA, making a market value of $17,666,861,427.
  6. Litecoin – in a humorous way, we can say Litecoin is Bitcoin’s little sister. It is represented by LTC and has a market value of $10,885,893,011.
  7. NEM – The current market capital raised by NEM is $9,921,599,999
  8. Stellar – stellar is represented by XLM and has 17,890,880,148 XLM worldwide which results in a market capital formation of $9,728,148,190
  9. NEO – there are 65,000,000 NEO tokens out with $9,722,505,000
  10. IOTA – closely resembling a chemical icon, there are 2,779,530,283 MIOTA forming $8,191,525,902
  11. DASH –  There are 7,825,585 DASH tokens, this forms upto $6,788,297,153
  12. EOS – EOS has made $6,488,847,829 with 611,480,520 tokens into the public
  13. TRON – TRON is represented by the symbol TRX. Currently it has built up a market value of $5,898,099,402
  14. Monero – sounds a lot like money, this crptocurrency has the symbol of XMR. There are 15,617,411 XMR building up to $5,252,317,254
  15. Bitcoin Gold – being from the bitcoin family, it has a symbol of BTG – with 16,771,536 BTG out there resulting in the market capital of $3,385,351,331.

Now, these are the top 15 Cryptocurrencies out there. Be full of knowledge while investing and using them.

Ethereum/bitcoinnewsboards

Ethereum, will it beat Bitcoin’s popularity?

As on 10th January 2018, the current trading price was Ethereum approximately around USD 1300.

It is hence noted that the price of ETH is shattering all-time highs.

Rising to more than $1,000 for the first time ever last week, the cryptocurrency has reclaimed its place as the second-largest blockchain by total value, days after being temporarily surpassed by Ripple’s XRP token. However, as with that controversial market move, the massive uptick in value bears a deeper look from more novice or potential investors.

However, as CoinDesk reported yesterday, Ethereum’s recent price rises are masking technical problems related to some blockchain operations, issues that could hinder growth if not resolved.

Also, as per CoinMarketCap, trading volumes almost doubled to $8.45 billion yesterday from the January 4 volume of $4.6 billion. The 24-hour trading volume stands at $7.66 billion. A high-volume rally indicates strong hands are at play and while there is no reason to panic, the technical chart does show early signs of bull market exhaustion.

Some trends observed in the ETH prices in the recent past are:

  • The price of Ethereum hit an all-time high of $1,417.38 on Wednesday (09thJanuary 2018)
  • The cryptocurrency’s price is up around 60 percent in the last week
  • Steven Nerayoff, a co-creator of Ethereum, said it could “easily” double or triple this year
  • Ether declined by more than $200.00 recently and then recovered very well against the US dollar
  • ETH/USD managed to remain above a major bullish trendline with current support at $1,080.00 on the 2-hour chart of ETH/USD
  • ETH/BTC gained further momentum and was successful in moving above 0.0800BTC                               Ethereum/BitcoinnewsboardsDropping down to the 30-minute chart of ETH/USD, the pair started a new short-term downside correction from $1,247.80. It moved below the 23.6 percent Fibonacci retracement level of the last wave from the $966.65 low to $1,247.80 high.Review ETH’s real-time price movements here: https://www.coindesk.com/ethereum-price/

    So as to conclude, we can say that even though yesterday, there was a major downside reaction in ETH/USD as the pair tumbled by more than $200.00 toward $1,000.00. It traded as low as $966.65 but then recovered sharply.

    More importantly, ETH/BTC gained a lot of bullish momentum and traded above the 0.0750BTC and 0.0800BTC resistance levels. There can be a downside correction in the short term, but the overall market sentiment is very positive.