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Ethereum [ETH] to aim well above $148 in near future

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5 Minutes to Know about Blockcloud
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Could Ethereum Reach $200 Before the End of April?

If you’re browsing this website you already know that crypto is not the most predictable thing in the world and the recent drop in BTC and ETH took a lot of investors by surprise. However, if you’ve been suffering from FOMO before late 2018, you just had the greatest opportunity to jump on the ETH train with prices going as low as $83 in December after scoring as high as $827 in May.

But what makes people believe ETH is capable of getting back to its former value? We’ve gathered just a few of the reasons and signs in this article.

Price Analysis

After slowly picking itself up from the dust, probably exactly due to the low price that attracted a lot of people that have long been in the fear of missing out state, ETH started to easily pick up the pace once again. It’s true, it hasn’t been a smooth ride for Ethereum with ups and downs along the way.

However, testing the $145 resistance against the USD was a good signal and even though it corrected more around $142, reaching the $139 support level shows a lot of promise. The best case scenario for ETH would be to break the $148 resistance it can easily end April getting ready for $200 and even more.

It’s true that the $148 resistance point sits comfortably ever since February, however, there are a few signs that can indicate a spike.

First of all, you see tokens like Tezos, Aion, Aeternity getting gains between 5 and 65% against the USD. On the other hand, the stagnation of Bitcoin against the same US Dollar means that there’s no new inflow of capital but the existing one will start to flow into alternatives like ETH.

Another good news for ETH comes from the extra boost it got from Nimbus-to-Nimbus going live just a few days ago. This acts as another important step towards Ethereum 2.0 that should represent the jet fuel for a potential ETH comeback.

What’s the Influence of Online Gambling in ETH Price?

Well, even though nobody can deny that the growing popularity of Ethereum as a perfectly good substitute for Fiat currency in gambling had its positive effects, an accurate impact is hard to measure.

It goes without saying that any extra interest shown in cryptocurrency has a positive impact overall since there’s more new crypto being bought for online casinos and betting sites. Also, there’s a big chance that people into crypto trading also love online casinos for the thrill of gambling.

If you feel that the last phrase is an accurate description for you, you can play real money pokies at 24Pokies right now!

The advantages of using crypto at your favorite online casinos or betting sites range from a possible extra win along with a boost in price, complete anonymity, and even more transparency. And even though Bitcoin remains the number one cryptocurrency used in online casinos all across the globe, casual players that don’t want to spend exorbitant amounts and are looking for a more reliable and stable currency can always count on ETH for their gambling.

Also, since the cryptocurrencies have shown an increasing tendency to set their own price without so much influence between them, the competition in the gambling sector could also prove beneficial for the entire industry.

It’s not All Good News for ETH

As stated in the introduction of this article, you can’t really count on smooth sailing when you’re talking about cryptocurrency in 2019. Between talks about regulation, new technology and approaches, and the overall incertitude, there are some other threats to watch out for.

A good example in that direction comes from the over $4 million hack that took place at Cryptopia a few months ago. An unidentified hacker managed to transfer over 30,789 ETH from the exchange to an unknown wallet in what is considered to be the biggest hacks having Ethereum in the crosshair.

And even though such attacks tend to discourage people from buying more ETH or storing them in exchanges, it is good to see the crypto trying to push over $148 and make its way towards the psychological $200 resistance point.

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Press Release

Are Blockchain Casinos on the rise?

Guest Author



Are Blockchain Casinos on the rise?
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Over the years, the online casino industry has gone through many changes with new technology allowing for better payment methods and software on the sites. One of the newer additions to online casino sites is blockchain and sites that use this.

Here, we are going to discuss whether we think that blockchain casinos are on the rise or not. Keep reading if you’d like to find out more about these casino sites.

What Is A Blockchain Casino?

Blockchain technology is essentially a system that allows digital information not to be copied when it is being distributed. This technology originally started out as a method for Bitcoin which is a cryptocurrency and now is present in many online casinos. Blockchain was first invented in 1992 and since then it has come a long way.

A blockchain casino is a safe and secure casino that uses this special technology to pass the information on. There are many new casino sites that are already using blockchain technology but is the number of these still rising?

Why A Blockchain Casino?

You might be wondering about the advantages of blockchain casinos and why many casino operators are making the switch to this technology. The main reason for this is that there are many advantages to using this technology. Firstly, there is more transparency and trust and there is also a reduced risk of fraud.

This is something which is very important to many players at online casinos as they want to make sure that they are not passing their details onto a company that is going to sell it on.

When a casino uses blockchain technology, they can also allow players to make payments with cryptocurrencies like Bitcoin which are becoming even more popular in recent years. Of course, there are many other advantages of using a blockchain casino both for the player and the operator. For this reason, we have seen a rise in the number of blockchain casinos online right now.

Issues With Blockchain

There are some minor issues with blockchain casinos that operators are working hard to resolve as soon as possible. The fact that it is new means that there are some general infrastructure issues and the transactions can go through a lot slower than some players would like. Of course, these issues are set to be resolved sooner rather than later.

The Rise Of Blockchain Casinos

From the research done by companies interested in blockchain casinos, it is clear that these casinos are on the rise. In the first quarter of 2019 alone, there was $1 billion of TRON cryptocurrency gambled online. This is a lot of cash and it shows that players are not afraid to try out this new type of casino when it comes to spending their own cash.

Research also suggests that this income came from over 432,000 users which are a lot more people than it would have been in the past when this technology was first invented.

Of course, it is also important to note that the online casino industry is growing at the same time as the popularity of blockchain casinos. It is expected that the online casino industry will earn more than $50 billion this year which is a lot of cash.

With more people playing online in general and the technology improving so much – it is expected that blockchain casinos will become even more popular as time goes on.

Final Verdict

It is clear that blockchain casinos have been on the rise for a while now and they don’t plan on stopping any time soon. As the technology gets more advanced and players can be sure that their details are going to be kept safe, these casinos are set to become even more popular.

On top of this, online casino regulators can rely on technology when it comes to ensuring casino operators are sticking to the regulations. Look out for the rise of blockchain casinos as time goes on and more casino operators start to make the switch to this technology.

We expect more payments being allowed in Bitcoin form as well as the other cryptocurrencies that are gaining a bit of momentum right now.

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