Jun Hasegawa is the founder and CEO at OmiseGo, which is a billion-dollar blockchain network that will launch on top of the Ethereum protocol. As of recently, he outlined the future of Ethereum and the roadmap of its growth in the coming years.
Hasegawa said that Ethereum is moving forward at a good pace. He knows that 2017 was a year of speculation for both Ethereum and projects launched on top of the blockchain protocol. In times when Initial Coin Offerings (ICOs) and token sales garnered billions of dollars per quarter, the amount exceeded the amount of money that companies in the crypto and blockchain space raised from accredited investors.
Ethereum increased in value 150-fold, rising from $10 to $1,500 within a 12-month period. However, the third-largest correction in market history hit and led Ethereum, along with many other leading altcoins to lose 70% to 90% of their value.
However, according to Hisegawa, the correction has allowed the market and developers to build products and scaling solutions to support the next rally.
The co-creator of Ethereum, Vitalik Buterin, also advised the OmiseGo network since last year. Just like Hisegawa, he is confident that the $500 billion market cap of cryptocurrencies cannot be justified without the huge impact on the finance sector and the massive potential of blockchain right now.
As Buterin noted:
“So total cryptocoin market cap just hit $0.5T today. But have we earned it? How many unbanked people have we banked? How much value is stored in smart contracts that actually do anything interesting? The answer to all of these questions is definitely not zero, and in some cases it’s quite significant. But not enough to say it’s $0.5T levels of significant. Not enough.”
Hasegawa, on the other hand, emphasized that the next two years will be crucial for Ethereum when it comes to real business adoption. He is confident that the network will see more large-scale decentralized applications (dApps) and massive scaling, as well as adoption by the government. As he wrote:
“2017 : Speculation (ICOs)
2018 : PoC / Ecosystem bui;d / Scaling solutions ( L2 #Plasma #OmiseGO/ L1 #Sharding #Casper ) / Interchain protocols
2019 : Real business adoption / UIUX focus tools / More Dapps
2019 to 2020 : thereum massively scale and used by gov. We will see huge difference between real adoptable protocol and toxic speculation project.”
Ethereum Price Closer To $175: Is $182 The Next Milestone For ETH?
- The technical indicators are as following:
- Hourly MACD – The MACD for ETH/USD is pushing higher and gaining a bullish momentum, with a lot of positive signs.
- Hourly RSI – The RSI for ETH/USD surged above the 60 level and it is right now stabilizing near 75.
- Major Support Level is at $168
- Major Resistance Level is at $175
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Tron Has Fastest Growing DApp User Base, But Ethereum Is Still The Developers’ First Choice: Report
“The Ethereum-based games have already created a stable community with a group of loyal audience.”According to the numbers in it, the Q1 of 2019 showed that 504 DApps were added to the DApp.com list, of which more than half were Ethereum-based.
“It shows that Ethereum is still the No.1 choice for developers to build their dapp on. At the same time, we also have seen a trend in multi-chain developing, as many Ethereum dapps expand on multiple chains, such as Ethereum + EOS or Ethereum + Tron," the report sums up.The number of active DApp users on the Tron blockchain reportedly amounted to over 300,000 while on EOS it is around 260,000. The report also showed that by the end of Q1 2019, the number of Tron wallets exceeded $2.3 million and about 15.46% of them interacted with DApps. Around 85% of Tron's DApp users interacted with the apps in Q1 2019 which translates to Tron being the most active chain among the four blockchains. The report also pointed out that 95% of the EOS DApps reported a transaction in the first quarter of the current year as did over 80% of Tron and Steem (STEAM) based decentralized apps. For more of the latest cryptocurrency news, head to our homepage!
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