Ethereum “Looking Good” With New Volume Highs Since 2017 While XRP Looks “Promising” To Test Previous High Plus BSV’s 62% Surge
- ETH consolidation right on top of the Aug-Sept resistance
- 99 percent of banks love what (Ripple) is doing – Brad Garlinghouse
- BSV Surges after “Faketoshi” Files for Copyrights of Bitcoin Whitepaper
The second largest cryptocurrency is currently trading at $255 and up 89 percent till date, in 2019. Since February, Ether has been making a lot of gains as it keeps on moving upwards.
Ethereum Price chart by TradingView
Ethereum is at a point where it can explode upwards or taken a drop as Adamant Capital’s Tuur Demeester says, Two technical scenarios for ETHBTC which is either Boom or Doom.
“ETH consolidation right on top of the Aug-Sept resistance. Sure looks bullish on its own, but of course will all come down to what BTC does next,” states Jonny Moe, a crypto trader.
Moreover, Ethereum golden cross has also been confirmed by cryptoanalyst, @Etherdamus but it could take a few days to actually show any effect on price.
Meanwhile, the Ethereum Foundation is committing $30 million to build Ethereum 2.0 over the next 12 months. With the focus on Ethereum 2.0 (Plasma), the non-profit is using funds for “key projects across the ecosystem.”
The foundation that holds 0.6% of all ETH along with having cash in hand will use the $19 million of these earmarked funds for “building the Ethereum of tomorrow” over the next year. Furthermore, they will fund research for Ethereum “Phase 3 and beyond.”
Additionally, several ETH 1.0 projects will benefit from the $1 million in funding from the foundation that will include Ethers.js code library for Ethereum developers, tools for developers, and a programming language to write smart contracts. And the remaining $3 million will be going to developers.
Banks “Love” what XRP & Ripple is Doing
Since going to $0.474, the third largest cryptocurrency has dropped down to $0.36 and gone back above $0.40. Currently, XRP/USD is trading at $0.389 and in the red.
Meanwhile, Brad Garlinghouse in an interview with Recode Decode podcast Kara Swisher expressed his desire to work with banks and regulators.
“I don’t think banks … governments will go away. Banks are applying a very important regulatory framework that I actually think is important for society. I personally believe that banks will continue to serve that role; they’re good at it … I think this is a new set of technologies that they can benefit from to grow their business.”
He further shared that banks “love” them, “99 percent of banks love what we’re doing because we’re democratizing something that’s controlled by a small number of banks, their competitors.”
BSV Surges After “Faketoshi” Files For Copyrights Of Bitcoin Whitepaper
Bitcoin SV is currently up by over 62 percent at $102, just yesterday BSV has been trading at $62. This surge came after “Faketoshi” Craig Wright filed for the copyrights of the Bitcoin whitepaper and its code. However, he can try but won’t go anywhere with it.