Ethereum Blockchain Network Crosses More Than 200000 ERC20 Tokens Benchmark

These tokens are issued based on a smart contract. These contracts do not have to be ‘smart’ or super practical, therefore, it is a slightly unfortunate …

Regardless of what you think of Ethereum (and altcoins in general), it is a fact that this network has had and had a great impact on the entire industry. While bitcoin is considered primarily as a means of payment, during the huge increases in 2017, the ether was the driving force and the means of payment in many cases.

The Ethereum network was really forced to assume that role: the tokens in the network shot up like mushrooms. Suddenly, everyone wanted to issue the so-called ERC-20 token. Since the launch of the network, more than 200,000 Tokens have been issued on the Ethereum network according to EtherScan.

ERC-20 is a technical standard for implementing tokens in the Ethereum chain. Almost all the coins or tokens issued on this platform belong to this category. The most important example is the ether. That is the fuel of the Ethereum network and it is also an ERC-20 token. With ether, it pays to make transactions, but also to execute smart contracts, for example.

These tokens are issued based on a smart contract. These contracts do not have to be ‘smart’ or super practical, therefore, it is a slightly unfortunate name. However, these smart contracts ensure that the network and tokens must comply with certain rules. Therefore, you can program your tokens in a certain way and give it certain properties.

In 2017, the initial coin supply trend began. Everything and everyone had to have their own record. Often that was only possible with ETH. Which resulted in prices well above $ 1,000 per ether. Current hodlers can only dream of that. Millions could be collected. And if you could make a good marketing talk, you could charge wonderfully. Because investors were ready to push their ETH earned so hard to another new company.

Billions in investments in projects, most of which have never added anything to the crypto space. On the other hand, there are some outliers. If you look at the top 100, most remain an ERC-20 token. The largest token, after ETH, is currently Binance Coin (BNB). But that currency will eventually move to its own chain. But also other currencies that are popular this year, such as Chainlink (LINK) and Basic Attention Token (BAT) have been issued on the Ethereum network.

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Walter Schulze

Walter Schulze brings all the breaking news stories in the tech and startup world and to ensure that Startup Fortune offers a timely reporting on the trends happen in the industry. He now works on a part time basis for Startup Fortune specializing in covering tech and startup news and he also sheds light on investment opportunities and trends.

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On August 6-7 The Cryptocurrency Ethereum Classic (ETC) fell in value over -3.42%

It last traded at Exmo exchange. Aproximately 269,828 ETC worth $1.63 million was traded. For a month, Ethereum Classic (ETC) tokens went down …

It was bad day for Ethereum Classic (ETC), as it declined by $-0.209000000000001 or -3.42%, touching $5.904. International Cryptocoin Experts believe that Ethereum Classic (ETC) is looking for the $6.4944 goal. According to 3 analysts could reach $13.2576936589189. The highest price was $6.249 and lowest of $5.792 for August 6-7. The open was $6.113. It last traded at Exmo exchange. Aproximately 269,828 ETC worth $1.63 million was traded.

For a month, Ethereum Classic (ETC) tokens went down -27.80% from $8.177 for coin. For 100 days ETC is up 5.24% from $5.61. It traded at $4.45 200 days ago. Ethereum Classic (ETC) has 112.52 million coins mined with the market cap $664.32M. It has 210.00 million coins in circulation. It was founded on 23/07/2016. The Crypto ETC has PoW proof type and operates under Ethash algorithm.

Ethereum Classic is an attempt at keeping the Ethereum blockchain unaltered by the part of the community that opposed the hard fork and the return of The DAO funds. It started trading on Poloniex and is getting more and more traction.

The Ethereum Classic mission statement is:

“We believe in decentralized, censorship-resistant, permissionless blockchains. We believe in the original vision of Ethereum as a world computer you can’t shut down, running irreversible smart contracts. We believe in a strong separation of concerns, where system forks are only possible in order to correct actual platform bugs, not to bail out failed contracts and special interests. We believe in censorship-resistant platform that can be actually trusted – by anyone.

Our block explorer data: total coins supply, total network hash rate, last block number and total difficulty are freely provided by https://gastracker.io/

In 2017, the Die Hard fork was implemented in ETC, removing the Ethereum difficulty bomb. Currently, there are no plans to move to Proof of Stake like Ethereum, although developers at the IOHK institute are developing a new PoS protocol for Ethereum Classic.

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Ethereum Classic Price Changed by -5.1 percent

As at 2019-08-06 average Ethereum Classic price is 5.93102467 USD, 0.00050894 BTC, 0.02623133 ETH. In this regard, 24 hour trading volume is …

As at 2019-08-06 average Ethereum Classic price is 5.93102467 USD, 0.00050894 BTC, 0.02623133 ETH.

In this regard, 24 hour trading volume is 514314978.25442000 USD or 44133.26188927 BTC. At the same time Ethereum Classic market capitalization is 667295546 USD or $57260 BTC.

Ethereum Classic ETC/USDT on BitAsset exchange is 5.91. The trading volume on BitAsset is 527544.00.

At the same time Ethereum Classic ETC/USD on Whitebit exchange is 5.92. The trading volume on Whitebit is 51511.00.

Ethereum Classic ETC/USD on Exrates exchange is 5.93. The trading volume on Exrates is 1504539.00.

Ethereum Classic ETC/USDT on Huobi Korea exchange is 5.92. The trading volume on Huobi Korea is 31145.00.

Ethereum Classic ETC/USD on HitBTC exchange is 5.90. The trading volume on HitBTC is 6686811.00.

Ethereum Classic average change within 24 hour is -5.1 against USD, -4.43 against BTC, -2.56 against ETH. Weekly report: -0.57 against USD, -18.22 against BTC, -7.54 against ETH. Monthly report: -25.4 against USD, -26.78 against BTC, 0.47 against ETH.

It’s noteworthy that is issued into circulation Ethereum Classic.

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Ethereum Classic Price Analysis: Ethereum Classic (ETC) price rally starts; ETC hovers at $6.2

Ethereum Classic (ETC) was seen suffering during the last month. The coin was severely affected and because of which the current month started with …
  • Ethereum Classic (ETC) price commences an upsurge.
  • The price rally to continue for some time now.

Ethereum Classic (ETC) was seen suffering during the last month. The coin was severely affected and because of which the current month started with some disappointing trading digits. The currency has recovered and looks like the storm has passed. We are anticipating that the coin would be seen rising and the month will close with higher price marks.

Talking about yesterday, the coin touched a high at $6.36 and a low at $6.11 with a trading volume of $516,749,115.

Current Statistics of Ethereum Classic (ETC):

The chart is taken from Trading View as on 06th August 2019 at 10:11:26 UTC.

Ethereum Classic Price Chart - 06 AugEthereum Classic Price Chart - 06 Aug
ETC Chart by TradingView

The coin opened the month on a sore note. The token booked a loss of 1.02% as the ETC price shifted from $6.043 to $5.9. On day 2, the coin continued to drop, marking a regression of 2.19%. The price counters changed from $5.981 to $5.850. On the following day, the coin instigated a surging momentum and reflected a change of 1% as the price sifted from $5.8 to $5.9. Day 4, the coin jumped from $5.9 to $6.1 by 3.83%. Yesterday, the coin touched a high at $6.36. The price counters changed from $6.12 to $6.17. The escalation was of 0.82%. The coin is presently trading at $6.246. There is a high prospect that it may close around $6.3 and even beyond.

Particulars Ethereum Classic (ETC)
Price $6.246
ROI 724.80%
Rank 21
Circulating Supply 112,498,777 ETC
Market Cap $698,094,475
24hr Volume $520,838,572

Ethereum Classic Price Prediction and Conclusion:

The whole of the crypto market has shown tremendous improvement. The market is anticipated to embark on a much-awaited price rally. Ethereum Classic is also believed to walk on the same road. The expectations of the coin are higher. In the coming years, the coin is expected to deal with a 3% to 4% profit. The coin is likely to close around $10. The coin would be best suited for long-term investors. The same would help the traders to book huge profits.

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Creditbit (CRB) increased 2.70% in 24 hours

Moreover, Smart Contract, a set of rules for the Creditbit Token, holds many other functionalities than just a balance and transactions. One of the most …

Creditbit (CRB) had a good 24 hours as the cryptocurrency jumped $0.000108383 or 2.70% trading at $0.004118554. According to International Cryptocoin Experts, Creditbit (CRB) eyes $0.0045304094 target on the road to $0.0101600639066435. CRB last traded at LiveCoin exchange. It had high of $0.004226937 and low of $0.004010171 for August 3-4. The open was $0.004010171.

Creditbit (CRB) is down -1.40% in the last 30 days from $0.004177 per coin. Its up 0.87% in the last 100 days since when traded at $0.004083 and the annual trend is down. 200 days ago CRB traded at $0.007835. CRB has 16.90 million coins mined giving it $69,608 market cap. Creditbit maximum coins available are 16.50M. CRB uses X11 algorithm and Proof of Trust proof type. It was started on 04/11/2015.

Established in December 2015 as a Bitcoin-like coin was recently migrated on a new Ethereum Blockchain. It can be held or transacted between Ethereum digital wallets, each represented with a unique combination of private and public key (ex. Mist, Ethereum Wallet, MyEtherWallet, Parity). Technically, Creditbit is a digital Ethereum Token, that hosts on the Ethereum Blockchain, a public distributed digital ledger.

In practice, Creditbit can be exchanged and transacted between Ethereum addresses (wallets), that are managed by their owners. Moreover, Smart Contract, a set of rules for the Creditbit Token, holds many other functionalities than just a balance and transactions. One of the most prominent functionalities is Proof of Trust, a locking mechanism, that enables Token owners to involve in issued Token distribution and voting.

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