Ethereum proves to be one of the most favorable technology investments of all time. It was created in 2015 and has since grown by over 1,000%. In other words, Ethereum is an open source network, much more than just a digital currency. It also trades under the Crypto index 10 cryptocurrency.
Ethereum is a digital currency known as “ether,” which can accelerate decentralization in the global economy, and has the potential to influence many other industries. Ethereum is backed by a diverse group of 500 wealthy companies that met in 2016 to discuss and join forces on developing the Ethereum technology network. The Ether trading currency can be volatile, and it can act as a financial asset for traders.
Ethereum Classic is the original version of the Ethereum blockchain and is the most recent version created with it. The latest version adopted the name Ethereum. The blockchain is not compatible, and updates to one will not affect the other. These changes led to the creation of a new digital currency with a different name, record, price and market value.
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What is Ethereum (ETH)?
Ethereum (ETH) was created and introduced to the world in 2013 by Vitalik Buterin, and went live in July 2015. The developers were looking for a way to differentiate it from Bitcoin, and they made it exclusive with features that stand out in its own market.
They have developed a new approach with a new platform and a more common writing language. Its software allows customers to run any program, which makes the Ethereum blockchain and its application more efficient than before. With Ethereum, developers can build a new type of software called a “decentralized application.” These technological codes are not controlled by any individual or central system.
Ethereum and Ethereum Classic trading features
Trading Ethereum and Ethereum Classic can be beneficial in a way that cryptocurrency exchanges do not offer.
Short selling, or short selling, “sell high, buy low”, is identifying a “short” sale that allows the trader to trade and profit when the markets go down and then take profits when they bounce back. In other words, short selling is driven by the belief that the price index will go down, allowing buy-backs at a lower price to profit.
High leverage, high leverage, is a loan from the brokerage firm to the trader. This allows you to open much larger positions with a minimum investment amount. Leverage can magnify your potential profits, and at the same time it can magnify your losses.
Automated trading, is the software that creates automatic orders and submits them to the currency exchange market. This system can perform repetitive tasks at high speed. It can also provide social trading or copy trades to experienced traders with a proven track record of success.
Ethereum price and market factors
It has been noted that Ethereum can be more than just a digital currency. Its value in the block chain (blockchain) in terms of programming language is great and called solid. Its purpose is to be something completely different from all the other coins. With the increase in its application, there is a rise in the demand by the developers for “ether”.
The price of Ethereum has recently gone up and has reached an all-time high. Bitcoin has also been on the rise, and when that happens it boosts investors' desire to trade in cryptocurrencies, where gains can be made. Ethereum and Bitcoin are not competitors to each other, and both can benefit when one of them goes up.
Random events that can affect the rise or fall of the price of Ethereum, such as the sudden and powerful crash in the value of Ethereum in general that occurred in June 2017. The news of the Ethereum crash happened within a short period of time, literally several seconds after a big sell-off which prompted other traders to liquidate their digital currency. However, within seconds the computer algorithms made the purchase again as the price rebounded again. As you can see, the volatility of cryptocurrencies can change prices within seconds.
The general public and investors have the same questions about how this all happened, how this bounce up occurs and the time frame in which it happens. Any strong increase in value can eventually lead to a price correction, as in the case of the cryptocurrency market or any other market, and the momentum can also slow down at some point.
Thirty major banks, tech giants, and other organizations including JPMorgan Chase, Microsoft and Intel are united to build business-ready versions of the software behind Ethereum. Its ability to record and execute transactions without the need for an intermediary makes this blockchain technology the most popular among businesses.
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