Category: Crypto

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Crypto

Ethereum (ETH) To Reach $15,000 By The End Of 2018 As Reddit Rehabilitates Cryptocurrency Payments

In an interview this week, Chris Slowe, the CTO of Reddit, stated that they will rehabilitate the Bitcoin (BTC) payments service that had been suspended at the end of March and will also add Litecoin (LTC) and Ethereum (ETH) payments. On the other hand, Reddit co-founder stated that Ethereum (ETH) will reach $15,000 by the end of the year.

Reddit to rehabilitate the cryptocurrency payments on the platform

In an interview with the Cheddar portal about the redesign of the Reddit platform, the company’s technology director said that users, who since 2013 can pay for the site’s premium membership with Bitcoin (BTC), will be able to do that again in the near future, but this time they will also be able to use Litecoin (LTC) and Ethereum (ETH).

In addition, the company’s CTO revealed that the changes made by Coinbase to develop its Coinbase Commerce, a payment tool similar to PayPal, had hampered the use of cryptocurrencies on the platform.

Coinbase is doing a great job, is doing a major revitalization of its cryptocurrency payment platform. We just didn’t have time to update our current API integration, and once the redesign of Coinbase Commerce lands, I think we’ll see the cryptocurrency payments again on Reddit.

Christopher Slowe, the CTO of Reddit

The Reddit co-founder on Ethereum (ETH): Will worth $15,000 by the end of the year

On the same day Slowe announced new plans for cryptocurrency payments on Reddit, Fortune published an interview with the Reddit co-founder, Alexis Ohanian, in which the businessman was very enthusiastic about ETH and predicted its future price.

At the end of the year, Bitcoin will be worth $20,000. And Ethereum will cost $15,000.

Alexis Ohanian

The ETH prediction is quite ambitious, as the crypto is trading around $761, at this moment, according to CoinMarketCap, so by December of this year, it would have to increase 20 times its actual value.

Ohanian justified his position by saying that he is “very optimistic about ETH simply because people are taking advantage of it”, and referred to the great popularity of CryptoKitties, which raised a total of $12 million in their first round of funding.

In short, Reddit will rehabilitate cryptocurrency payments but this time will integrate LTC and ETH, besides Bitcoin (BTC). Additionally, the former Reddit CEO, Alexis Ohanian, threw an ambitious forecast on the ETH price, predicting that the Ethereum (ETH) will be worth $15,000 by the end of the year.

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Crypto Finance

Ripple (XRP): Codius, The Ripple’s Smart Contracts Platform, Has Been Revived

Codius, Ripple (XRP) smart contract platform, has now been revived, as some sources say. The platform was halted in 2015 because the cryptocurrencies market was in its infancy, back then, and, at that moment, a standard for transactions involving smart contracts also lacked, resulting in the progressive abandonment of the concept by the Ripple team.

Even though the Codius site is up and running, the platform is in its beta stage, for the moment, thus enhancing the chances for a future implementation of the new Ripple’s technology into Codius. Additionally, the source code was also scanned for dragons, which are the usual errors which are encountered in the software while it is its testing phase.

Ripple (XRP) smart contract platform, Codius, has been revived

In order to keep Codius up and running and to avoid dropping, there must always be at least a single person who is using the platform.

However, the usability of Codius in big. Accordingly, decentralized applications and smart contracts built on Ripple’s rapid and safe technology solutions may also rely on Codius.

On the other hand, the integrated micropayment solutions may be implemented to enable transactions between 2 Codius programmes.

Codius is an open hosting protocol. Makes it easy to load a program, whether you want it to run on one host or thousands. It also has built-in billing….once a program is loaded, anyone can pay to keep it running – the author, the users and even the program itself.

Codius Team, on codius.org

Ripple (XRP) Price

At the moment of this article, Ripple (XRP) is doing well in the cryptocurrencies market as it is trading at $0.85 and registered an appreciation of about 2.20% in the last 24 hours.

In the end, reviving Codius, the Ripple’s smart contracts platform, is a nice idea but implementing Ripple’s new technologies into Codius would be a great idea. If this will happen, and most probably it will indeed happen eventually, Ripple (XRP) price might soar up.

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Crypto

Tron (TRX) Fell Back On #10 In Cryptocurrencies Market As IOTA (MIOTA) Stormed To #9

Between the Testnet and the next release of Mainnet, Tron (TRX) will have numerous events and new plans for the Q2 2018. Aside from the technical aspects and plans, the Tron (TRX) currency has also performed brilliantly during the last couple of weeks. But earlier, Tron (TRX) dropped on the 10th position in cryptocurrencies market, as IOTA (MIOTA) stormed to the 9th position, in just a few hours.

TRX has succeeded in maintaining its clients’ satisfaction at high levels with the ongoing price escalation. From the 12th place at the beginning of last month, TRX has achieved the 9th rank among all the cryptocurrencies in the world, after a sequence of skirmishes with NEO (NEO) and, since then, it shows continuous appreciation in its value against the USD.

Tron (TRX) fell back to the 10th place losing ground before IOTA (MIOTA)

Unfortunately for TRX fans, as I’ve said above, Tron fell on the 10th position. Despite its gains of about 28% it recorded earlier today, TRX dropped by about 26% in the last few hours but still keeps itself on ‘green’ against the USD.

IOTA (MIOTA) stormed to the 9th position, leaving Tron behind which settled on the 10th place in the cryptocurrencies market. Apparently, the announcement that MIOTA will be listed on Cobinhood cryptocurrency exchange helped a lot in coin’s gains of today, as IOTA (MIOTA) managed to soar by 18.4% in the last 24 hours (at the moment of this article) reaching to $2.22.

At the moment of this article, Tron (TRX) is trading at $0.090 scoring only a 1.86% increase compared with its value 24 hours ago.

Apparently, IOTA (MIOTA) managed to secure the 9th place for the moment, at least, with a market cap of about $6,17 billion, with more than $170 million than Tron (TRX) which is closing to a market capitalization of $6 billion and most probably it will be able to hit this level soon.

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Crypto

Bitcoin (BTC): Will BTC Reach $150,000 By 2019? Maybe Lightning Network Will Help

Bitcoin (BTC) is the most popular and valuable cryptocurrency in the market. Needless to say, BTC experienced the most significant growth in the past couple of years. But is Bitcoin (BTC) on its way towards $150,000 by 2019? Some cryptocurrencies market analysts believe that is indeed possible, especially in the perspective of the Lightning Network launch, set for this year.

Bitcoin (BTC) Price Forecasts

John McAfee is one of the most important personalities in the world of cryptocurrencies. He is among those who consider that BTC is undervalued right now and might worth as much as $1 million in the following years.

Jeet Singh, a senior analyst and fund manager, also said that Bitcoin (BTC) is quite likely to be trading at about $50,000 by the end of 2018. He is certain that Bitcoin’s volatility will decline as the cryptocurrencies market becomes more mature.

In an interview with Bloomberg, Jeet Singh stated:

If you look at Apple’s Microsoft when its shares were made public, they were very volatile because the market was not mature. There aren’t many vendors that can accept cryptocurrencies but there’s a lot of adoption on the black market.

One of the renowned Winklevoss twins, who own the Gemini cryptocurrency exchange, respectively, Cameron Winklevoss, commented that the market capitalization of BTC can easily plunge somewhere between $4 and $8 trillion. Moreover, the cryptocurrencies specialist claimed, just a couple of weeks ago, that Bitcoin (BTC) has the force to increase by about 35 times, in the next years.

So if we look at a market cap of $100 billion today, now last week it could have been over $200 billion, so it’s actually a buying opportunity, we think there’s a potential appreciation of 30-40 times (…) So we think that, regardless of the price movements in recent weeks, it is still a very undervalued asset.

Cameron Winklevoss

The Lightning Network will become operational in 2018

Also noteworthy is the fact that in the course of this year, the Lightning Network is scheduled to become operational.

Since that moment on, Bitcoin (BTC) will cut its transaction fees and processing times to near nil. This may be perhaps some of the most significant milestones in Bitcoin’s history. In case the Lightning Network turns out to be as good as its developers claim to be, the BTC issues with scalability would be solved out, therefore, Bitcoin (BTC) price will soar up considerably.

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Crypto Markets

Plus500 Soared Up By 200% In the Last 12 Months Thanks To Cryptocurrencies

Plus500, the renowned investments firm, triples its sales and clients database with the cryptocurrencies boom at the beginning of the year. The effects of the crypto craze continue to be felt on the stock market at the stocks of Plus500 are continuously registering gains. The broker specialising in derivatives contracts has recently become one of the leading securities on the London Stock Exchange.

The shares of Plus500 rose 5.75% today, bringing the accumulated appreciation in the last 12 months to 207%. Its capitalization exceeds the level of 1,6 billion GBP, which equals roughly to $2,17 billion USD.

Despite this rally, investors became more optimistic just after today’s release of Plus500 results for the first quarter of the year.

Cryptocurrency trading was the most beneficial for Plus500

As it has happened with the Plus500 share price, both sales and the registration of new customers tripled compared to the previous year, thanks mainly to the investments craze triggered by cryptocurrencies, especially by Bitcoin (BTC). The crypto craze started at the end of 2017 and continued during the first 4 months of 2018, despite the cryptocurrencies market’s ups and downs.

The company’s revenues increased from $77.5 million to $297.3 million, and new customer acquisition soared from 22,210 a year ago to 72,960 in the first quarter of 2018.

Also, at the end of March, the company had 218,187 active customers, which means three times more than in March 2017.

Plus500’s earnings soared up thanks to the crypto craze

The recorded growth levels have also boosted the group’s earnings to $237.3 million, which are now five times more than the $45.8 million achieved in the first quarter of last year.

The company itself acknowledges that it will be almost impossible to repeat these growth rates in the forthcoming quarters due to the slowdown in the cryptocurrencies investment boom.

The recent investments craze over cryptocurrencies has totally shadowed the threat of a stricter regulatory market regarding the financial products such as CFDs (Contracts for Difference), being a beneficial situation for Plus500 which soared by 200% in the last 12 months. However, the cryptocurrencies market tend to follow the same direction towards regulations, thus, it might be possible that the crypto craze to slow down faster than expected.

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