After SEC’s Endorsement, Ethereum (ETH) Likely to Rise than Tank

Ethereum (ETH) prices stable
Constantinople and recent SEC’s head comments bullish for ETH
Participation low but likely to rise as projects demand the coin

By all means, Constantinople is a demonstration of intention and Ethereum as a platform stands to benefit. Meanwhile, we are bullish on prices expecting that platform demand would see ETH prices rise above $170 in days ahead.
Ethereum Price Analysis
We must acknowledge that cryptocurrency as a whole is just different. We are in the early stages of adoption, and before these global products break to the mainstream, developers must strike a delicate balance that fronts usability while simultaneously protecting users.
The real task is, therefore, striking that balance. It has been a hindrance thus far, and in a network whose native currency expands on what money stands with clarification from the US SEC, a lot must be done to improve the user experience.
With the realization that control brings with it added baggage of being in charge of security and the hassling part of being the risk manager, many are hesitant to jump into the bandwagon. All the same, the network developers are working on the base and despite a rudimentary UX, speed, cost, interoperability, and scalability is a top priority.
Candlestick Arrangements

At the time of writing, ETH is stable but bullish. It is easy to see why. First, note that prices are still oscillating within Mar 5 high low. In an effort versus result perspective that is bullish. Add this to the failure of bears to drive prices below $135, very low—like in previous ETH/USD price analysis is, therefore, a loading opportunity.
Moving on, we expect prices to firm up within this $5 trade range as demand builds up in the lower time frame. Like before, aggressive traders can find entries on dips and with tight stops, a realistic first target is $170. The level is previous support and marks the breakout level of Nov 2018 meltdown.
As a result, it is critical that prices close above this level as such surges invalidate the bear breakout pattern and possible trend resumption.
Technical Indicators
Aside from Feb 18 and Feb 24 high volume bull bars, our anchor bar is Mar 5. At the back of ETH resurgence printing, a double bar bull reversal pattern is high volumes—302k. These volumes are above recent averages of 189k and reaffirm of bullish position. For buyers to be in control, prices must rally above $140 with high participation levels preferably above $310k driving prices.
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Source: New

Cardano & Ethereum Co-Founder Charles Hoskinson Joins AI-powered Business Prediction Firm

Charles Hoskinson has joined the predictive analytics platform Endor and will be working with the team on “major new developments.” Meanwhile, on the price front, both the cryptos are in red.
Major New Developments on the Way
Cardano founder and CEO, Charles Hoskinson who is also the co-founder of Ethereum has now officially announced that he has joined Endor, an AI-powered business predictions platform.
Hoskinson has been on-boarded by Endor as a senior advisor who will be providing counsel and guidance on the matters of decentralization and blockchain strategy. Endor shared the news on Twitter and stated that Charles Hoskinson would be helping them with their “major new developments.”

Hoskinson also took to Twitter to share that he is excited to work with Endor and its excellent team.

Established in 2014, Endor claims to be the world’s first DIY blockchain-based predictive analytics platform that provides predictions-as a service to the businesses. In March, last year, it had reportedly raised $45 million in a token pre-sale.
Recently, Endor shared a post explaining that predictive analytics will transform the finance industry this year as customers become more digitally connected and more demanding but less loyal, which requires a solution provided by Endor.
“It is the first ‘Do-It-Yourself’ tool to enable banking and financial services institutes to forecast any area of their business: Sales, Marketing, Operations, Risk and Strategy. All you need to do is ask a predictive question and the answer is provided within hours instead of months. Endor’s platform is also the first and only one that can analyse encrypted data without ever decrypting it.”
On the Price Front
The 11th largest cryptocurrency by market cap Cardano (ADA) has been trading at $0.038 with 0.02 percent loss in the past 24-hours. While Endor Protocol (EDR) has been trading at $0.028 with 24-hours loss of 4.28 percent and is also in red by close to 5 percent in the BTC and ETH market.
Just last month, Hoskinson had shared that it could take more than a decade to recover from 2017 highs.
“It might take 11 years for us [the crypto industry] to recover back to where we were in 2017, but we will be a dramatically different ecosystem at that point. We’ll have millions, perhaps even billions of users. We will be in many consumer products, be easy to use, [even] grandma can use it. A lot of the hard stuff will have been figured out. Like if somebody dies, how do we get their private keys, how do we handle taxes, all of the regulation will be done.”
As for institutional investors, he believes once they get what they want in terms of options and derivatives, there will be no longer “massive volatility.”
The post Cardano & Ethereum Co-Founder Charles Hoskinson Joins AI-powered Business Prediction Firm appeared first on Coingape.
Source: CoinGape