Ethereum (ETH) Announces Asia’s Biggest Hackathon In August; Records An Upward Movement

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Ethereum (ETH) is an open source blockchain based smart contract platform enabling developers to build dApps (decentralized applications) & popularize it. Incepted in 2013 & made live in 2014 by Vitalik Buterin, Ethereum has inspired and given rise to a series of other blockchain-based applications now doing fairly well in this highly volatile market. The developers are rewarded with ETH (Ethereum token called Ether) for mining on the platform and making any transactions. ETH is different from its immediate competitor Bitcoin as it allows networks to expand with self-sustenance and growth in the process.  Solidity, the language used for developing smart contracts, can be easily learned through the tutorials made available by the team and is now widely used for building a whole new world of platforms with their own functionality and usage & Ethereum technology as their underlying principle.

Current Statistics

Ethereum Price Chart (25.03.2019 - 24.04.2019)As per the CoinMarketCap top 100 cryptocurrencies list, Ethereum is ranked 2nd with a market capital of 18,079,478,930 USD as on April 24, 2019, at 11:54:00 UTC. The price of ETH is trading at 170.90 USD & 0.3042712 BTC, and 24 h volume is recorded at 7,055,889,145 USD. With an ROI of over 5,930.95%, the coin gives high hopes to its community of investors and enthusiast. Currently, the total circulating supply of the coin is the same as the total supply and is equivalent to 105,787,846 ETH.

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Comparison

We can see an upward trend of over 24% from the graph. The market cap was recorded at 14,452,198,273 USD, price was 137.15 USD & 0.003411304 BTC and 24 h volume was over 4,069,468,659 USD as on March 25, 2019 at 07:34:00 UTC. The price has peaked to USD 184.38 in the past 30 days and has hit a low of USD 133.76. In the last 7 days, the pattern has been a little consistent with the highest being 176.85 USD and the lowest being USD 165.50. The coin is bouncing back fast since the beginning of the April month and is expected to soar higher in the coming quarters. The interest of the crypto enthusiasts continues to propel it higher, and now that the market is bouncing back, we can expect the bullish run once again.

Prediction

Ethereum is back in the game after a slowdown in the crypto world. The team is gearing up to host Asia’s biggest Ethereum hackathon in Bangalore, India in August 2019. The responses received thus far have been quite amazing, and it is a reflection of the growing popularity & acceptance of this crypto. To top it up, Societe General Group, French financial services company, has issued over $110 million worth bonds on Ethereum platform very recently. The price of the coin is expected to increase manifolds by the end of 2019 and can reach as higher as 200 USD. From a 2 year perspective, the price can shoot up to 300 USD. This, in fact, is the right time for a bulky investment.

Scott Cook

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.

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