Bitcoin, Crypto currency, Blockchain

Ethereum: Strong progress despite falling prices of Bitcoin and Ripple

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Ethereum: Strong progress despite falling prices of Bitcoin and Ripple

Home News Ethereum: Strong progress despite falling prices of Bitcoin and Ripple

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Marcel Knobloch –
17.12.2018

The crypto market caused many investors continue to worry because the prices of Ethereum, Ripple, Bitcoin and co. don’t want to recover. Although the market is developing, in sum, does not seem the current price development to represäntieren this progress. Ethereum has reached a new milestone: 50 million registered users ‘ addresses.

The price of Ethereum has already fallen a few days ago under the 100 Dollar mark. Some critics of the industry see it as reason enough, the raison d’être of this project, as well as from Bitcoin and co. out of the question. In addition to the continuing trend of the entire market, negative ICOs have sold within the last 30 days more than 416.000 ETH, and thus the highest value since the summer of this year (According to the information of Santiment). Among the largest projects SingularDTV, closely followed by Aragon and Kyber. Status has also sold a lot, but all of the projects, in total, furthermore, keep a considerable amount of 2.9 million ETH, which corresponds to a current value of just under $ 290 million. Nevertheless, the number of performed ICOs as well as their value in total decreased since the beginning of this year.

Regardless of the increase in new unique registered addresses of Ethereum recorded a steady growth. Such as ethers scan.io shows, there have been since may of this year, a continuous increase of approximately 100,000 new addresses per day. This shows a clearly positive development, which seems to be continuing.

Steve Wozniak, Co-Founder of Apple, and Eric Schmidt, co-founder of Google, see in Ethereum large potential (freely translated). If Ethereum manages to optimize the scaling and to establish the use in the world, it is, according to Schmidt, is a powerful Instrument that the world can sustainably change (freely translated):

I think the most interesting stuff is the beginning of the execution is in addition to the Blockchain. The most obvious example is the ability of Ethereum. And if Ethereum can find a way to synchronize this activity globally, this is a pretty powerful platform. This is a really new invention.

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