How Will Ethereum Hard Fork Effect Prices This Time Around?
Eth price analysis:
Just 48 hours before the planned Constantinople hard fork for Ethereum the brakes were anchored on as a network code vulnerability was discovered.
As we approach the new date for Constantinople, Ethereum is holding steady while most other crypto assets are falling back again.
The hard fork this time around will take place at block 7,280,000 which has been estimated around February 27.
Hudson Jameson from the Ethereum Foundation confirmed when he spoke to Coindesk; “I suspect it will go as planned. The block number has been set and is hard coded in the clients now so it’s going along fine,”.
Holding at $123 Ethereum has extended its market cap lead over XRP in third to $400 million.
Over the past seven days Ethereum has gained 17% and this momentum may well continue up to the fork.
ETH prices dumped 7% on January 16 when the last hard fork was postponed, leading up to it however things were bearish and there was no respite for Ethereum following a market wide dump a few days prior. This time around things are looking a little brighter for the world’s second largest crypto currency, at least for the moment.
Martin Young’s original article for newsbtc.com reduced by 70%
Related cryptocurrency news – Ethereum Mining Rewards Hit Record Low Ahead Of Constantinople Hard Fork
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