Ethereum broke its absolute record to exceed € 1,200


Ethereum broke its absolute record to exceed € 1,200 in the space of a moment – Why this could be just the beginning

Ethereum, ready for take-off – It took a while, but ETH reached 1,200 euros on several exchange platforms very early this morning – before downshifting at the time of writing this article. In just 3 months, its price will have quadrupled… and it may well continue to do so!

Very early this morning, the ETH share price soared to $1,200 ($1,459), marking a new ATH for the currency by Bitcoin Circuit of the first of the smart contract blockchains.

In reality, the price has soared in just a few hours. It went from 1,085 dollars around 9 pm, to 1,124 a few hours later at midnight, to finally reach 1,200 euros at 2 am.

The rate has since fallen back slightly to the current level of around 1,150 euros.

What are the future developments?

For many, this rise in the price comes as no surprise. Indeed, Ethereum has been enabling the development of decentralised finance (DeFi) for more than a year now.

„The ether is the best opportunity in terms of risk/reward among all cryptomoney companies. »
Statement by David Grider, Analyst at Fundstrat Global Advisors

Thus, more and more large investors are taking a stand to defend the potential of the ether (ETH)… to such an extent that everyone is now making their own more or less serious prognosis, as is the case with Bitcoin. Thus some people dream of an ETH at 10,500 dollars, just like Bitcoin!

Still a long way to go

Of course, Ethereum deserves the enthusiasm and attention of the market. Whether it is the DeFi ecosystem or the deployment of Ethereum 2.0, everything seems to be going well for Ethereum.

However, these successes remain marred by the congestion of the chain and the huge increase in network costs.

Although ETH is likely to continue to grow in 2021, the increase will only be substantial if Ethereum can solve, or at least contain, its scalability problems.

TenX – the credit card for digital currencies


TenX, the credit card from a StartUp. The big advantage that crypto currencies have over any traditional currency is the speed with which transactions are processed. However, they have the disadvantage that they are not accepted everywhere – credit cards that allow payments in a traditional currency do.

Who stands behind the Bitcoin revolution?

The three Tyroleans Michael Sperk, Julian Hosp and Toby Hönisch met the Thai Paul Kitti by chance in the Asian metropolis of Singapore in 2014 and realized a Bitcoin revolution review in conversation that they share a common passion for crypto currencies. Together they founded a startup in Singapore and had raised around 80 million US dollars in June 2017 as part of a so-called token sale. Julian Hosp, the CMO of the young company, says:
„We hadn’t even planned to sell so many TenX tokens. But we were one of the few blockchain startups that already had a finished product.

The goal is to offer customers a TenX Card. This card contains a TenX Wallet, which customers can link to their respective crypto currency. This makes it possible for customers to pay with digital money on their TenX Debit Card wherever Master or Visa Cards are accepted as means of payment.

The internal allocation of roles and the further strategy are also already in place. For example, Toby Hönisch holds the role of CEO after his studies in security technologies and artificial intelligence, while Michael Sperk holds the position of CTO. The number of employees is to be doubled to 40 in 2017.

Crowdfunding for Ethereum code Startup

TenX had created the „PAY“ token itself for crowdfunding. Depending on the TenX exchange rate, a total of 4,000 buyers had seen the Ethereum code review invested up to USD 80 million in the company via various digital currencies. In return, the buyers received PAY tokens. These, in turn, can rise strongly in value if the young company’s business is positive and, consequently, the TenX price or the TenX coin price also rises.

Hosp says the financing for the plans to establish the TenX card worldwide is secured for five years after crowdfunding. 50 percent of the income from crowdfunding has been converted into traditional currencies, while the rest is held as a reserve in crypto currencies. After the exchange rates of all crypto currencies had been subject to strong fluctuations in the previous months, the company may receive considerably more capital if – as the founders expect – the exchange rates develop positively in the future.