Disclaimer: The Industry Talk section contains insights from players in the crypto industry and is not part of Cryptonews.com’s editorial content.
Ethereum started this year very strongly, reaching a high of $1,658 on January 20th. Ethereum price is now at $1,654.34 and has lost 0.25% in the last 24 hours. Investors continue to support the network and invest in the network’s native token. There is also support from institutional investors.
The ETH/USD exchange rate started trading yesterday at a price of $1,624 and has been rising in price for most of the day. The high was yesterday at $1,658 and finally ended the day at $1,654.
In the next section, you will learn all about the Ethereum price forecast and why it may still go up in January.
The Ethereum blockchain will soon perform a network update, the Shanghai Upgrade, in March of this year. The upgrade will fix issues with Staked ETH that have been stuck on the Beacon Chain for years. The upgrade will not solve the problems with gas fees or improve smart contracts.
ETH traders can then ‘stake’ tokens and send them to the Beacon Chain after the new update. Ethereum wants to increase scalability through sharding. As a result, the Shanghai upgrade will also work on this, and if the update succeeds, it could have positive implications for the Ethereum price.
Soulbound Credit Score System
On January 17th, the first Ethereum Virtual Machine (EVM), Masa Finance, announced that it is working on the first soul-bound identity mechanism for Ethereum’s mainnet. The platform will facilitate the creation of soul-bound tokens for Know Your Customer (KYC) verifications using credit scores and other useful tools.
MEX wants to solve new problems by introducing something new – decentralization. SBT will support the process and be central to all advancements in Masa’s system. MEX seeks to find a solution to these relatively new problems.
A token can be created on the Ethereum network using this new protocol. A positive development for almost everyone, because it is an (extra) safe way to store your investments. As a result, many will benefit from this Soulbound credit score system, which in turn is good for the Ethereum price.
The evolution of the Ethereum network
On January 18, a member of the Ethereum Name Service (ENS) DAO, a decentralized autonomous organization, published a new governance model. Under the plan, 10,000 ether (ETH) would be used to pay for fees over the next two years. This money will then be used to update and improve the network over the next two years.
Messari tweeted on January 19 about the recent collaboration between ENS and Coinbase to expand the platform for human-readable cb.id domains. A successful partnership could mean that anyone with an Ethereum crypto wallet could create an NFT.
A presale crypto guide and what you need to know about these coins
Investors looking for new cryptocurrencies to invest in with high returns should pay attention now. Investing in pre-sale cryptos can be a good way to get a high return. The following tokens are still in an early stage and therefore can benefit from a maximum return.
Meta Masters Guild (MEMAG)
Meta Masters Guild (MEMAG), is a new mobile gaming guild. The crypto game builds an ecosystem for the best mobile games and builds a community that optimizes games together. The network is trying to change the current P2E system by developing fun games that keep users on the platform.
The original token at the center of this ecosystem is MEMAG, these tokens are currently on sale in the second phase of the crypto sale. In nine days the token price will start to increase, currently you only pay $0.01 per token. At each stage of the presale, the tokens will become slightly more expensive, so it’s wise to get in as soon as possible to get the maximum return.
Early investors also have a chance to win a fantastic prize. The network is giving away $100,000 worth of MEMAG tokens due to the success of the presale. The website contains a clear overview of how you participate in the pre-sale.
Visit the Meta Masters Guild now
Fight Out (FHGT)
Fight Out (FHGT), is a new innovative crypto project that was introduced this year. The project is a good investment opportunity and at the same time an interesting Move-to-Earn (M2E) project that has a high chance of success. M2E is a promising technology that rewards exercise and physical activity in crypto.
The platform wants to change the fitness industry by implementing an application that tracks your workouts and compares them to other people. The more you play sports, the higher you can finish on the leaderboard. You will be rewarded based on the ranking. The reward is in FGHT tokens, the native token of the platform.
Investors have only three days left to buy the FGHT token at the low pre-sale price of 0.0166 USDT. The presale will end on March 31st, where the tokens will have a much higher price of 0.0333 USDT per token. FGHT will start selling tokens for 0.0333 USDT on a central crypto exchange in early April.
Visit FightOut now
C+Charge is developing a Peer-to-Peer (P2P) payment system for charging electric cars. This network will be created using blockchain technology. Each user receives a CCHG utility token, which can be used to charge the electric car.
The network also aims to play an important role in democratizing NFT-based carbon credits. Until now, carbon credits were only available to large companies, and C+Charge wants to change this. The token is now available for purchase during a crypto presale. The CCHG token will be sold on March 31st on a CEX.
CCHG is currently trading at $0.013 per share. token and the presale has already raised $343,260 from investors. The company is seeing a large influx of users, which is positive for the token price because the token is being used more.
Visit C+Charge Now