Ethereum (ETH), the second largest crypto currency in terms of total market value, gained momentum with the leader Bitcoin (BTC) exceeding $ 11,000 and broke the resistance of $300 which it has not been able to pass for a long time.
Although almost all of the subcoin market followed and rose in Bitcoin’s previous uptrend, there wasn’t too many major crypto currencies that experienced a BTC-driven uptrend, except for Ethereum. This reminded us that there may be other reasons behind the pricing of the Ethereum.
Ethereum is actually achieving incredible liquidity and volume by both Bitcoin and Tether (USDT). ETH generates more than $ 1 billion in volume from the Bitcoin pair and more than $ 1.4 billion in the USDT pair. This makes ETH more than just a service token platform and puts it at the center of stock exchanges.
The introduction of Staking with Ethereum 2.0 has already caused a lot of excitement, and many have begun attempts to take over small network nodes. With the introduction of Ethereum 2.0, even staking 3-5 ETH can become a major challenge, while larger network nodes can significantly reduce total ETH supply and increase demand to record levels.
Ethereum for ICO is over
The ICO takeover is also a thing of the past in 2018. Although the ICOs brought a significant volume to ETH when they were first built, the immediate sale of these in bulk in crisis situations brought an incredible drop to the Ethereum. The end of the ICO era and the start of the IEO era certainly means that the price of the Ethereum will rise steadily.
Ubisoft: Ethereum Based Network / Gaming
French video game giant Ubisoft has announced in a recent announcement that it will develop games through the Ethereum (ETH) based blockchain network. According to a report published by the French news source Les Echos in recent weeks, Ubisoft has already begun a blockchain-based development process using the Ethereum network for months. The company aims to develop its current product and convert the in-game items into money.
This exciting news can actually be one of the first stages of the blockchain-based gaming industry. As it is known, the company behind the world famous Fortnite pre-Ubisoft Epic Games also made several blockchain-based initiatives. Fortnite is currently considered to have more than 250 million active users and an annual revenue of more than 2 billion.
Game Giants Investigate Blockchain and Ethereum
In fact, Ethereum-based decentralized applications and games have already begun to make a huge impact. Crypto Kitties, one of the most well-known blockchain-based games, has had a serious success, but it is a decentralized practice and the name is not known by the mainstream can have negative consequences. However, the development of blockchain-based games by well-known companies such as Ubisoft or Epic Games will definitely contribute to the development of the sector.