{"id":371729,"date":"2019-02-18T08:00:02","date_gmt":"2019-02-18T08:00:02","guid":{"rendered":"https:\/\/wncen.com\/?p=371729"},"modified":"2019-02-18T08:44:39","modified_gmt":"2019-02-18T08:44:39","slug":"what-has-caused-ethereum-to-surge-and-how-far-will-it-go","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/what-has-caused-ethereum-to-surge-and-how-far-will-it-go\/","title":{"rendered":"What Has Caused Ethereum to Surge and How Far Will it Go?"},"content":{"rendered":"
Crypto markets have started the week on a positive note with a $5 billion rally<\/a> that has resulted in most tokens posting solid gains. The top performer at the moment however is Ethereum has it surges 12% and increases its lead over XRP in third.<\/p>\n Currently outperforming every crypto asset in the top 25, Ethereum has pumped 12% over the past few hours to take it to $138. Conversely XRP has not enjoyed much attention in this current rally so the market cap gap between the two of them has now widened to almost $2 billion.<\/p>\n <\/a><\/p>\n Daily trade volume for Ethereum has also jumped from $2.8 billion to $4.7 billion after spending the past week hovering just above $120. Since its low for 2019 on February 6 of $103 Ethereum has made 34%. Bitcoin in the same period has only managed to gain 10% to its current levels.<\/p>\n Ethereum momentum is likely to be driven by the approaching Constantinople<\/a> hard fork which introduces a number of network improvements. The estimated date now is March 1 according to this countdown<\/a> timer to block 7280000. There will be two events taking place, Constantinople introducing several Ethereum Improvement Proposals, and Petersberg to remove one buggy EIP.<\/p>\n Some have speculated<\/a> that the hard fork is actually bearish for Ether as postponing the difficulty bomb will result in a diminished supply reduction. The block reward adjustment buys a little more time until Proof of Stake is implemented with the Casper upgrade. At the moment though ETH is getting a solid boost as it heads towards $150.<\/p>\n ErisX boss, Thomas Chippas, has recently revived interest in long awaited Ethereum futures by filing a letter<\/a> to the US Commodity Futures Trading Commission (CFTC) outlining their importance for market health. The company, a designated contract market and pending derivatives clearing organization, has close ties to fintech industry giants such as Nasdaq, ConsenSys and TD Ameritrade and has largely been seen as a rival to Bakkt.<\/p>\n \u201cErisX believes that the introduction of a regulated futures contract on Ether would have a positive impact on the growth and maturation of the market for Ether, as well as the Ethereum Network more broadly,\u201d the letter stated.<\/p><\/blockquote>\nEthereum Beating Bitcoin on Recovery<\/h2>\n
Ethereum Futures Revisited<\/h2>\n