Over the past 24 hours, the weighted average rate of Ethereum (ETH) increased by 7.7%. This allowed the air to once again become the second in terms of capitalization.
The current market capitalization of the broadcast amounts to $ 15.2 billion. Next in the ranking is XRP with $ 14.8 billion. Bitcoin Cash ($ 2.8 billion) is located on the fourth line with a significant margin from ETH and XRP.
The total market capitalization is $ 130 billion, the bitcoin dominance index is 51.4% (this indicator is 11% for Ethereum).
On the four-hour ETH / USD chart, there is a breakdown of the upper limit of the Vimpel pattern, which indicates a high probability of continuing the upward movement of the air price.
Chart Watch: #ETHUSD #ETH 4-hour chart shows a pennant breakout. pic.twitter.com/vMUiEDBj8L
– CoinDesk Markets (@CoinDeskMarkets) Sept. 2, 2019 p.
Note that for a long time ICO-startups have provided the Ethereum price, which in December got rid of a record number of ETH coins.
It is possible that the “fuel” for the current restoration of the price of the air is the positive expectations of investors associated with the upcoming activation of Constantinople hard forks . It will take place from January 14 to January 18 at block 7,080,000.
Hardfork Constantinople contains a number of changes and code optimizations. In particular, they include the transfer by 18 months of the so-called “bomb of complexity”, which contributes to timely upgrades, and also suggests a decrease in the reward to miners from 3 to 2 ETH for the extracted block.
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