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10 unknown facts about Vitalik Buterin

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Vitalik Buterin Ethereum Founder

Revealing some of the unturned stones from Buterin’s life

 

Ethereum is the second most successful cryptocurrency after Bitcoin. Ethereum has a very different spectrum of application due to the precise reason that it is merely a decentralized programming platform and not a cryptocurrency, unlike Bitcoin. It is nothing but a platform that can be used to develop decentralized applications, also known as Dapps. To execute various functions within Ethereum, it’s currency Ether is considered as its gas. The mastermind behind this amazing Technology is the child prodigy, Vitalik Buterin. Born in 1994, Chief scientist and founder of Ethereum project was a blessed one. Although skinny and a bit geeky in his looks, one must not be carried away by his appearance. The nerdy look carries a lot of headspaces within.

The Ethereum Blockchain even supports the usage of smart contracts, which was introduced by another famous computer scientist, Nick Szabo. The smart contract, if understood in a deeper sense can effectively eliminate intermediaries and can also enforce a particular agreement on two or more parties. All the conditions of a particular agreement are converted in the form of code which can then be used to enforce it on real-world objects. For an instance, if someone needs to buy an apartment from someone, then he can make use of smart contract where both the parties can eliminate the broker. Only when the buyer has deposited the required amount in the escrow account of the smart contract, the ownership of the apartment will be transferred to him.

However, the second most popular discussed names in the cryptocurrency space after Satoshi Nakamoto is undoubted of  Buterin Vitalik’s. Let’s uncover some of the concealed facts about the child prodigy.

 

  1. As a child, Vitalik Buterin showed amazing skills in maths as well as programming and was regarded as a square peg in the round hole. He had this amazing ability to compute 3 digit calculations, twice as fast as any other normal child.
  2. He was considered to be an autistic person and hence was weak at social interactions. One of the bizarre stories from his childhood reveals that once he had consumed a complete lemon along with its skin.
  3. At the age of 6, when his parents moved to Canada from Russia, in his school he was categorized as a gifted student and some rumors even suggest that he learned to speak Mandarin fluently within a couple of months.
  4. He was introduced to Bitcoin through his father at a tender age of 17, in Feb 2011.
  5. He initiated writing for a Bitcoin forum posts during his University days and charged almost 5 bitcoins per article.
  6. He was completely inspired by the idea when he went to a Bitcoin meetup in San Jose, California.
  7. In the year 2012 along with Mihai Alisie, he co-founded Bitcoin magazine which is deemed to be one of the most successful in its field until now.
  8. In the year 2013,  his passion for writing Bitcoin articles turned out to become his full-time profession when he dropped out from the University of Waterloo.
  9. He himself was very pessimistic about his Ethereum project and had expected at least five of the cryptographic experts to come forward and put forth, before him, the most obvious flaws in his idea.
  10. In June 2017, rumors plummeted the internet that the Ethereum co-founder, Buterin had died in a car accident. The hoax had a major adverse impact on the Ethereum prices at that time.

 

His support, as well as enthusiasm for crypto, proves that he is a great supporter of decentralization. He mentions torrents as an example and explains how it has been free from the government censorship from the past 15 years due to the sole reason of its decentralization. It has no single point of failure and the government can’t just stop it, on their own will and wish. He interestingly explains that when there is no one to steer a particular ship, then the travelers can get the advantage of cheaper cruise travels.

The cryptocurrencies are the ultimate form of democracy where the whole power is vested among the people. The currencies are made by the people, of the people, and for the people itself. He praises big companies like Microsoft and JP Morgan that have understood the potential of this amazing technology and have come forward for its research and further development.

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#Ethereum Price Analysis

Ethereum Price Analysis: Is ETH about to crash?

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Ethereum price fell down sharply. ETH is currently trying to correct upwards but will most probably face a lot of selling pressure around $134 and $135.

Technical Indicators:

Support Level: $130

Resistance Levels: $134, $135

 

Key Points:

  • Ethereum price was not able to break through the resistance around $136 and $137.
  • ETH fell down sharply breaking the $134 and $132 supports.
  • The bearish pattern which was formed yesterday with resistance around $135 still remains on the hourly chart.
  • Ethereum price is currently trading to correct upwards, however, there are a lot of sellers placed around $134 which might push the price downwards.

 

Ethereum Price Analysis:

Summary: Ethereum price fell down sharply against both bitcoin as well as USD. ETH is currently trying to correct upwards but will most probably face a lot of selling pressure around $134 and $135 resistance levels.

As we already knew, breaking the resistance around $137 and the 100 hourly SMA was really essential for Ethereum price in order to move upwards and stop a sudden crash. However, even after continuous attempts, ETH was not able to break through this resistance zone and hence declined sharply below the $135 support level. The downward force was strong enough to even break through $134 and $132 support levels and move the price to a weekly low of $130.

The support around $130 proved beneficial as a lot of buyers emerged at this point and moved the price above $132. There are a lot of sellers placed between $134 and $135. The previous support of $134 has now turned into strong resistance. Also, the bearish pattern which was being formed with resistance around $135 is still present on the hourly chart.

The 100 hourly SMA liest around $135, thus, Ethereum price really needs to climb up and break through the bearish pattern formation and settle above the 100 hourly SMA in order to start fresh bullish momentum. The major support lies at $130 and if ETH falls below this level, it might soon test the $125 and $122 support levels.

ETHUSD Price Chart 26 March

ETH/USD Price Chart 26 March

The chart shows that Ethereum price is currently trying to correct upwards, however, a lot of sellers are placed around $134 and $135. Thus, the current situation might not be termed as a buying range. If the selling pressure keeps on increasing, ETH might soon crash down towards $125.

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#Ethereum

Analysis: Will Ethereum Rise in 2019?

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There is a great possibility that the price of Ethereum might never rise again, At least not to the figures it earlier achieved.

Bitcoin and Ethereum have been leading the cryptocurrency market for quite some time. While bitcoin blockchain’s main motive is to track the transactions, Ethereum’s main motive is to run the codes of DEX or decentralized apps.

While most people feel that bitcoin will always lead the cryptocurrency market, some believe the cryptocurrencies such as Ethereum might overtake bitcoin in the future. Currently, a group of companies known as Enterprise Ethereum Alliance supports the Ethereum blockchain who are working hard to improve the overall functionality of the blockchain.

 

Can Ethereum rise in 2019?

While Bitcoin is a store of value and most people use bitcoin as a form of investment, Ethereum is mostly used by software companies for development of their own dapps.

Ethereum saw a tremendous rise in price as well as in market capitalization during the ICO era which might have ended last year. In 2017, there was a boom in the overall ICO market and most Initial Coin Offerings collected their investments in the form of Ethereum. This had led to a massive demand for ETH as investors had to purchase ETH first in order to invest in other initial coin offerings.

Ethereum Price Chart

Ethereum Price Chart

The price of Ethereum reached more than $1400 at the start of 2018 and people started to feel that Ethereum might even overtake bitcoin soon. However, as months passed in the year 2018, both the price and the market capitalization of ETH experienced a massive mall which might be related to the end of ICO era. Cryptocurrency analysts also believe that the massive selling of Ethereum by Initial Coin Offerings who had been storing them as investments was the main reason for the fall in the price of ETH. Thousands of ICOs started selling their ETH holdings when they saw a bear market coming upfront.

 

Why ETH might never rise again:

There is a great possibility that the price of Ethereum might never rise again, At least not to the figures it earlier achieved. One of the reasons for this is the rising popularity of other blockchain platforms such as TRON who are direct competitors to ETH and some are even performing a lot better than Ethereum. The overall development of ETH blockchain seems to be quite slow and thus people have started to adopt other blockchains which are more suitable for their products and perform better than the Ethereum blockchain.

 

Another big reason why Ethereum might not rise again is the end of the ICO era. The number of initial coin offerings has seen a tremendous decrease last year and even lower this year. Also, the interest of investors has shifted from Initial Coin Offerings now as they do not see a safe and profitable future in investing in ICOs. As one of the major reasons for the rise of ETH was the ICO market and now with the end of the ICO era, Ethereum might never see those robust bulls again.

 

The following article is not financial advice. Readers are requested to do their own research and analysis before making any investment decisions in the cryptocurrency market which is highly volatile.

 

What do you feel about the future of Ethereum? Tell us in the comments section below.

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#Ethereum Price Analysis

ETH Price Analysis: Is Ethereum going to fall hard?

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ETH price is trying to recover, however, the resistance around $138 is quite strong and might lead to the price falling downwards.

Technical Indicators:

Support Level: $135

Resistance Levels: $138, $140

 

Key Points:

  • ETH price was able to recover back upwards after testing the $132 support.
  • ETH price even broke through the $134 and $136 resistance levels.
  • However, there is a bearish pattern formed with resistance around $138 on the hourly chart which might lead to a dropdown.

 

ETH Price Analysis:

Summary: ETH price is trying to recover, however, the resistance around $138 is quite strong and might lead to the price falling downwards. The next resistance lies at $140 after which Ethereum price will turn bullish.

Ethereum price crashed after testing the $140 resistance level recently. ETH tested the $132 support level before starting to recover upwards. The upward momentum was able to break the $134 and $136 resistance levels. However, there is a solid resistance formed between $138 and $140 which might push the price back downwards.

Ethereum price is currently trading around $137 and the 100 hourly SMA. There is a bearish pattern formed with resistance around $138 on the hourly chart. If Ethereum is able to break through the $138 resistance level, the next strong resistance lies at $140 after which the overall momentum will turn bullish. The current support lies at $135 after which the price might test $132 support again.

ETHUSD Price Chart

ETH/USD Price Chart

The chart shows that ETH price is trying to recover upwards towards $140 resistance level, however, breaking through this range will be very difficult as a lot of sellers are placed within this range which might lead to the price falling down towards $135 support.

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