Bitcoin continued its downward trend today, seeing a price low of just over $4,800 at the time of this writing (via Blockmodo real-time data). Meanwhile, the public speculates on a price bottom, accompanied by a broad range of emotions.
Is all the confusion around the new Bitcoin fork hurting your head? Looking for some guidance on how this whole saga is going to pan out? Is bitcoin cash going to go "to the moon"? Well, this piece might just make you more confused, because there's a lot more than meets the eye when it comes to Bitcoin cash's price spike.
In a recent video posted to his personal YouTube channel, Dogecoin creator Jackson Palmer explained how, in his view, the frenzy around Initial Coin Offerings (ICOs) is causing a speculative bubble in the price of ether, which is the native token of the Ethereum network. In the video, Palmer discussed four different ways the bubble could eventually pop.
The Ethereal Summit featured heady panels with industry experts alongside crypto art, striving to be the “SXSX of Blockchain”. Panels covered topics such as future governance, finance, gaming, and AI. The conference coincided with a tremendous spike in the valuation of Ether, its price rising nearly 50 percent over the weekend.