Ethereum (ETH) Remains Biggest Gainer of Dapps in 2019

Ethereum (ETH) saw the strongest growth in its distributed app ecosystem, breaking the expectations that other projects would displace it. It turned out …

Ethereum (ETH) saw the strongest growth in its distributed app ecosystem, breaking the expectations that other projects would displace it. It turned out the primacy of Ethereum was not so easy to dispute, and novel networks promising better and cheaper computation were actually empty, hosting almost no dApps.

Ethereum showed growth in all dApp categories, including gaming, gambling, collectibles, and decentralized finance (DeFi). Ethereum also revealed significant dApp volumes based on token usage, expanding the economy.

https://twitter.com/DappRadar/status/1211598194251096065

Networks like Tezos show almost no activity, as well as other alternative platforms that claimed to be “Ethereum killers”. EOS and TRON, on the other hand, saw their dApp activity diminished by the appearance of simulated mining.

Dapp usage may also be limited by large, centralized app storefronts, as Google and Apple may be reassessing their approach to carrying crypto-related mobile apps.

The biggest threat for the Ethereum network will be the activity of HEX. The project still claims to be gathering ETH, while distributing HEX tokens. The scheme may lead to loss of credibility, and subsequently to ETH dumping.

The biggest challenge for Ethereum would be completing its upcoming hard forks, and eventually switching to ETH 2.0. The next network update, though small and relatively straightforward, comes this January 1. The network will push back the difficulty increase, to allow mining to continue at a more regular pace.

ETH market prices will also face challenges in 2019. Recent analysis shows the coin can be weighed down by multiple “whale” wallets, if they decide to sell. DeFi is also a chance to slowly phase off ETH assets.

ETH traded at $133.81, after a relatively robust recovery and a bounce from lows around $125. But ETH has failed the predictions for a more significant rally.

by Christine Masters, 1 hr ago

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Bayern Munich Tokens Sell for Over $30000

According to Stryking, the Ethereum-based NFTs are unique cryptographic tokens with the “…rarity, authenticity, and ownership secured and …

Seven bundles of Stryking’s official Bayern Munich non-fungible tokens (NFTs) have been sold at auction for 240.9649 ETH, equivalent to approximately $31,100. One full set of the special Christmas 2019 Edition collection, featuring 24 players from Germany’s most successful football club, went for 133 ETH (around $16,700) while the remaining six bundles contained four cards each.

The value of each four card set varied from 33.9 ETH down to 4.4 ETH depending on the status of the players they portrayed. Top price was paid for the international quartet of Robert Lewandowski, Sven Ulreich, Kingsley Coman and Ivan Perišić.

The numbers dont lie for the excitement around the @stryking_io Holiday Auctions as according to @opensea we had a 6000% increase in the ETH value of sales from the past week!#blockchain#crypto#cryptocurrency#Dapps#ETH#ethereum#bayernmünchen#Bayern#NFT#technewspic.twitter.com/GV7MZwa2FV

— stryking.io (@stryking_io) December 29, 2019

The sale saw a spike in interest for Berlin-based Stryking products with performance analytic charts logging an impressive 6000% increase on the previous week. Until the sale, Stryking were probably best known for Football-Stars, their web and mobile gaming platform aimed at European fans.

Sporting Connections

Stryking made news in 2018 when they garnered support from Portuguese star Luis Figo and are now a subsidiary of Animoca Brands after being acquired in September this year. Animoca Brands have themselves previously enjoyed NFT auction successes with their official connection with Formula 1 motor racing.

Not resting on their laurels, Stryking have already started a second sale for Bayern Munich NFTs – called New Year 2020 Edition Legendary Player Cards – which will run until 6 January.

Ready for some Fireworks? 🎇Our New Year #FCBayern Special Edition cards are out‼️‼️⚽️ Auction is on, make sure to get yours at https://t.co/PsYOU9UxsG#NFT#digitalcollectibles#Blockchain#TokenSalespic.twitter.com/7jDcgn5lPW

— stryking.io (@stryking_io) December 30, 2019

According to Stryking, the Ethereum-based NFTs are unique cryptographic tokens with the “…rarity, authenticity, and ownership secured and guaranteed by blockchain technology.”

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Analyst Who Called Bitcoin’s Crash to $6000 Says Ethereum Bottom In

Take one look at Bitcoin’s chart and you would assume that Ethereum, XRP, and all the rest have had a great 2019 too, but you would be sorely …

Take one look at Bitcoin’s chart and you would assume that Ethereum, XRP, and all the rest have had a great 2019 too, but you would be sorely mistaken in saying that. Per previous reports from NewsBTC, since earlier this month, the price of ETH is actually down in 2019, which comes in stark contrast to Bitcoin’s 95% year-to-date gains.

This harrowing price trend has been attributed to a confluence of factors, one such being that the PlusToken Wallet scam that brutalized many in the industry has a large portion of ETH that is being or will be liquidated, making investors price that potential sell-off in.

Related Reading: Crypto Tidbits: Youtube’s Bitcoin Ban, Ethereum Co-Founder Sells Stash, China’s Digital Currency Nears

Whatever the case, a prominent cryptocurrency analyst that has a solid track record has said that the technicals suggest Ethereum has found a bottom, potentially setting the stage for a return to a bull trend.

Ethereum Has Bottomed? Really?

According to a recent tweet from technical analyst Dave the Wave, Ethereum may have just put in a bottom in terms of its price against the U.S. dollar, looking to the chart below to prove his point.

In the chart, the popular Twitter analyst noted that ETH recently bounced off the 0.786 Fibonacci Retracement level of the price action from the 2018 bottom to the 2019 bottom, while the Moving Average Convergence Divergence (MACD) has shown signs of a reversal on a medium-term basis, boding well for bulls.

Freebie from my alts page.

And that ladies and gentlemen may have been the bottom in ETH. May it be a happy and prosperous new year.🥳 pic.twitter.com/TJZW4SNbLe

— dave the wave (@davthewave) December 30, 2019

So what are Dave’s credentials? Why should we listen to a Twitter analyst whose avatar is the famous Japanese painting of a tsunami?

Well, this trader is the one that called for rationality to return to the crypto markets when BTC was trading above $10,000, claiming the move was a clear overextension of BTC’s long-term growth curve and standards. He went as far as to say that Bitcoin was poised to return to $6,700 — this was months ago.

Related Reading: Math Shows That 2020 Could Be a Great Year for Ethereum Bulls; Here’s Why

Not All Is Fine and Dandy

Not all is well and good for Ethereum though.

Google recently removed the Ethereum interface application MetaMask’s application from the Google Play Store, citing concerns about violations of the company’s financial services policies, meaning that access to the blockchain may be restricted. Coinbase may follow suit with its own decentralized application interface.

Along with bearish fundamental developments, there are also some harrowing analyses in terms of the ETH charts.

Per previous reports from NewsBTC, a trader going by Mac wrote that he expects both altcoins as a class and Ethereum to fall by 20% against Bitcoin, noting that the ETH/BTC pair is currently far above any semblance of support.

This came shortly after another analyst, Velvet, said that Bitcoin’s dominance metric is likely to hit 78% — some 10% higher than current levels — by March, just four-odd months away. He attributed this expectation to the fact that BTC is showing signs it is about to begin its next leg higher — one that will bring it to BTC — meaning that capital flows towards altcoins is likely going to slow at a dramatic pace.

Yes, ETH/BTC could fall buy ETH/USD could rise in dissonance. The point is that not analysts are decisively bullish on the second-largest cryptocurrency.

Featured Image from Shutterstock

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10 top distributed apps (dApps) for blockchain

Running atop a blockchain, peer-to-peer (P2P) network that acts as a kind of operating system, dApps create an innovative open-source software …

Imagine an application that doesn’t run on one server but harnesses the excess power of thousands of computers globally and that can be controlled by business automation software that ensures if a specific parameter is met, only then can a function be carried out.

That’s a distributed application – or dApp, as it’s sometimes abbreviated – and there are thousands available for download.

Running atop a blockchain, peer-to-peer (P2P) network that acts as a kind of operating system, dApps create an innovative open-source software ecosystem that is both secure and resilient. And it allows developers to create new online tools, many of which have piqued the interest of global business markets.

“DApps will pool resources across numerous machines globally,” said Juniper senior analyst Lauren Foye. “The results are applications which do not belong to a sole entity, [but] rather are community-driven.”

Bitcoin was arguably the first dApp, enabling anyone in the world to downloaded a bit of open-source code to join a blockchain network and verify transactions using a “mining” algorithm, thereby generating digital currency (cryptocurrency) as a reward.

Like a RAIDed storage array, if one of the computers (or nodes) running the dApp software goes down, another node instantaneously resumes the task.

Apple is Considering Removal of Ethereum Browser MetaMask From its App Store

Apple is considering the removal of Ethereum-based decentralized app (DApp) browser MetaMask, a crypto wallet application of Coinbase, from its …
Ethereum NewsDecember 30, 2019 by Kelly Cromley
apple
r.classen / Shutterstock.com

Apple is considering the removal of Ethereum-based decentralized app (DApp) browser MetaMask, a crypto wallet application of Coinbase, from its app store. The notification follows similar decision by Google.

As per a Reddit post made on December 28, the US based cryptocurrency exchange Coinbase threatened its users that with the intention of complying with Apple’s mobile App Store guideline, it may consider removing the DApp browser characteristics from its wallet app.

Coinbase CEO Brian Armstrong expressed his disappointment over the removal of the app from the Apple store:

“Coinbase CEO here. This is really unfortunate to see. Apple seems to be eliminating usage of Dapps from the App Store. […] Presumably this would extend to other wallets as well (Trust, Argent, Metamask) it’s beyond Coinbase and IMO a very big threat to the ecosystem.”

Coinbase is removing decentralized application interaction from their mobile wallet, due to pressure from Apple.

Web3 is in direct competition with Google & Apple. We should expect continued censorship on MetaMask, Coinbase, & other dapp browsers.

Disruption ain’t easy. pic.twitter.com/FLweZrq7m9

— Omar Bham (Crypt0) (@crypt0snews) December 28, 2019

Armstrong also pointed out that users who wish to use DApps on Apple’s mobile gadgets may have to avail permission from the company to permit and run such apps. He further stated:

“This is an important area of innovation in finance, and many developers and early adopters of this technology have millions of dollars’ worth of crypto tied up in these financial applications, which they will no longer be able to use on Apple mobile devices if this app store policy continues.”

As stated earlier, the development has happened soon after Google prohibited Ethereum wallet and DApp browser MetaMask from Google Play, the platform facilitating distribution of Android application.

The venture’s team pointed out that the motive for the app elimination is the guideline against mining through mobiles. Notably, the software being the subject of discussion did not support mobile mining.

Appeal made by MetaMask to reconsider the decision was also brushed away. Through a tweet, the firm stated as follows:

“The appeal rejection cited the same policy: No mining on @Android. We don’t.”

Omar Bham, one of the cryptocurrency influencers, proposed that the decision was made to safeguard the firm’s operations against likely decentralized contestants.

In a tweet dated December 28, Bham stated:

“Web3 is in direct competition with Google & Apple. We should expect continued censorship on MetaMask, Coinbase, & other dapp browsers.”

On December 23, cryptocurrency influencers pointed out that YouTube, video streaming site of Google, started removing crypto related content from the platform.

After prominent crypto enthusiasts in the domain started discussing about the issue, the platform clarified that it was done by mistake and started restoring content, but majority of crypto related content providers say that their video is yet to be reinstated.

Two days later, YouTube restored another portion of the removed content and clarified that there was error in review procedures.

A crypto influencer affirmed that his channel has received warning, while the content of several YouTuber’s have been terminated. Notably, several content creators have shifted to decentralized content sharing platforms after the issue came to limelight.

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