Ethereum co-founder Joseph Lubin seems very hopeful about cryptocurrency ban upliftment in India. In a recent seminar conducted by ConSensys, a US-based blockchain technology firm in Bangalore he presented his views about the possible expansion and the potential of the digital currency. Immediately after that, there has been a significant improvement in the trade price of Ethereum.
The prices values of the cryptocurrencies were literally collapsing at the beginning of this year. On the contrary to this, Ethereum prices were trading high at the end of last year and it was doing fairly good. Perhaps, the cryptocurrency ban in many countries presented a negative review and feedback in the market.
Ethereum co-founder himself believes that the adoption and acceptance of the digital currency is going to take time in the Indian context. Government officials and politicians need assurance and perhaps persuasion about its benefits. In that way, the officials will gain confidence and the regulation will eventually become a cake walk for them.
Ethereum Trade Price Evaluation
The crypto coins steadily improved in the market after the Bitcoin prices were revived recently. However, it didn’t show as much strength as Bitcoin did, perhaps it is more popular and that is the reason where Ethereum is lagging behind. The overall price was improved 6 percent of the original value.
The highest trade recorded was USD 513.43 this week and the lowest was USD 443.69 which is fairly acceptable. The crypto analysts are expecting a better trade value in the upcoming days as the exchanges handled it more actively this week. Many cryptocurrency regulators prefer Ethereum as of now and have an optimistic view in its trade.
It is expected that the cryptocurrency ban upliftment in India is going to boost its trade value at the global level. Co-founder Joseph Lubin is about to launch a huge investment program in India which is going to giveaway Ethereum coins in a channelized way. However, it is yet to be announced officially.
The post Ethereum Price Analysis In Indian Market appeared first on OWLT Market.
from OWLT Market https://ift.tt/2vdognW
via IFTTT
No comments:
Post a Comment