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In the world of cryptocurrency, most eyeballs are stuck to major markets. This list includes Bitcoin, Ethereum, XRP and perhaps Litecoin. As for the Ethereum prize, things do not look bad or good at the moment. A status quo is maintained because there is apparently no point in increasing or decreasing the value decisively.
No Ethereum price change is a good thing
Weekends have always been quite special in terms of the momentum of the cryptocurrency market. This weekend was rather optimistic for some markets and resulted in a status quo for all others. Given the negative situation of the last eleven months, a little stability is more than welcome at the moment. This may seem unattractive, but managing huge gains and losses in quick succession becomes tedious after a while.
In the past 24 hours, there has been no significant change in Ethereum the price is concerned. Do not worry too much about a minor loss of 0.2% in US dollars and BTC. The value remains solid at just under $ 119. Keeping control on the 0.0325 BTC level is a bit more difficult, but it looks like it will settle in the long run.
What is quite impressive is the way Ethereum continues to record a considerable volume of transactions, even during the weekend. With more than $ 2.8 billion in transactions, this token is in high demand. Although this did not result in any significant price changes, it also indicates that there is still demand for the token at current value. This could also allow ETH to recover the second largest market capitalization in the next few days.
Some interesting news about Ethereum are doing the trick right now. The ERC-1155 token standard will be integrated into the Enjin platform in the coming weeks and months. This is made possible thanks to a collaboration between Kriptomat and Enjin, which marks another impressive milestone for Ethereum as a whole. When finalized exactly, remains to be determined for the moment.
???@Kriptomat and @enjin collaborate to integrate the ERC-1155 chips via the Enjin platform and they organize a special gift. Learn more about it here: https://t.co/lI1SamkMgJ#enjin $ enj #enj #blockchain #ethereum # ERC1155 #enjincoin #cryptocurrency
– Andy H (@CcolonBckSlash) February 10, 2019
As has been pretty obvious in the last few hours, there is no momentum on the Ethereum chart. In fact, it has been about as neutral as possible in encrypted countries. This is not a bad thing, especially considering the significant losses in the last 11 months. A neutral feeling is always better than a strong sell signal.
#ETH #ethereum $ ETH / USD – Daily Neutrhttps: //t.co/Sw9ZXfsaur
– Golf nut (@ bitmexico1) February 10, 2019
For the moment, it seems that Ethereum is more than capable of holding his own. This in itself is a little surprising, because the year 2019 has not been successful either. However, there may be a real momentum in the long run. Many have been waiting a long time, but it is still too early to draw any real conclusions.
This article appeared first on NullTX.
Disclaimer: This is not a trading or investment advice. The above article is for entertainment and educational purposes only. Please do your own research before buying or investing in cryptocurrency.
Image (s): Shutterstock.com
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