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Ethereum (ETH) Price Feared to Hit $300! 2018- Like Correction to Replay Soon

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The post Ethereum (ETH) Price Feared to Hit $300! 2018- Like Correction to Replay Soon appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

Ethereum price after a brief visit below $1000, now has regained its levels above. On the other hand, Bitcoin’s price crashed below the crucial support at $20,200 and marked its bottom below $19,000, some moments ago. Currently, the bulls have appeared to have jumped in to prevent the prices to plunge more, but eventually, the bears do not appear to have completed their job yet. 

The ETH price after its inception in 2015 had surged extremely high during the 2017-18 bull run and smashed an ATH just above $1500. The second-largest crypto leapt long by more than 15,000% and crashed hard shedding more than 95% of its value to trade below $150 amid the bear market. However, a similar scenario may be fast approaching as the asset is displaying the possibilities of mirroring the 2018 price plunge. 

eth price

ETH’s price during the previous bear market had slashed from its highs to as low as $148 by nearly 95%. After a couple of years of consolidation, the price again regained huge bullish momentum and smashed new highs which are 3 times higher than the previous. However, the trend appears to have repeated again as Ethereum again slumped down by more than 80% from its highs above $4400. 

Interestingly, the prices are yet to reach the bottom as they are required to drop another 15% to mirror the 2018 crash. Therefore, with an additional 15% plunge, the Ethereum (ETH) prices could hover below $300, finding their bottoms at around $248 in the upcoming days. On the other hand, if the upswing also mirrors before, Ethereum could mark its new highs above $11000 in the next 2 to 3 years. 

KuCoin Announces The Full Launch Of Its Web3 Wallet

In a press release on Tuesday, leading crypto exchange KuCoin announced the full launch of its Web 3 wallet. KuCoin revealed that it was now fully ready after an extended beta testing period of the wallet. According to the exchange, about 3 million users took part in the beta tests, whose feedback led to significant::Listen

KuCoin Introduces New Convenient Payment Methods In Eastern European and Latin American Push

In a press release on Tuesday, leading crypto exchange KuCoin announced the full launch of its Web 3 wallet.

KuCoin revealed that it was now fully ready after an extended beta testing period of the wallet. According to the exchange, about 3 million users took part in the beta tests, whose feedback led to significant improvements in server performance and client-side stability.

It is worth noting that the wallet launch was first announced weeks ago, as reported by ZyCrypto. KuCoin declared in their announcement at the time that the wallet represented the firm’s desire to build for Web 3.

KuCoin promises users a secure and easy-to-use self-custody wallet with support for multiple networks. According to the press release, users can access several DApps using the wallet.

At launch, the KuCoin wallet supports the Ethereum, Polygon, BNB, and KCC networks. Consequently, users would be able to store crypto-assets like USDT, USDC, BNB, ETH, and more. In addition, with support for the KuCoin Windvane NFT marketplace, users can hold and manage their digital collectibles on the wallet.

With the wallet launch, KuCoin is set to compete with big-name rivals Coinbase, Binance, and Robinhood, which boast similar self-custody wallets. Notably, KuCoin assures users of full control and top-notch security.

It is worth noting that Kucoin’s self-hosted wallet launch comes at a significant period. As the crypto markets brace for the possibility of an extended bear market, several CeFi platforms have shown weakness, strengthening calls for users to hold their digital assets in unhosted wallets.

There has been a flurry of developments from KuCoin in recent weeks. In addition to supporting the Brazilian Real (BRL) just over a week ago, the exchange announced support for Euro Trading pairs on Tuesday. 

“The new EUR spot trading pairs in the fiat-to-crypto service deployed by KuCoin is another major milestone after the addition of BRL a week ago. We hope this will bring excellent convenience to our local users and those who prefer to use euro,” said KuCoin CEO Johnny Lyu. “KuCoin strongly believes that providing a secure and stable bridge between fiat and cryptocurrencies will bring a better experience to crypto users, which is crucial for crypto mass adoption. In the nearest future, KuCoin plans to support more fiat trading pairs in the spot market thus becoming the best place to explore the crypto world with fiat for global users.”

Ethereum (ETH) Price Feared to Hit $300! 2018- Like Correction to Replay Soon

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