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Thinking of trading ETH/USD?

    1. Coming first is not always a blessing, sometimes it is easier to improve someone's work that coming up with the whole idea yourself and having to face every single problem yourself paving the way to those who come next. It could be said that Bitcoin has soften the way for Ether, making it a perfect candidate to, at some point, surpassing Bitcoin's price. 2. Ethereum is considered the programmable bitcoin, making this cryptocurrency a really useful one. ETH not only brings the basic notions of decentralisation and peer-to-peer transactions but also Smart Contracts. This use of the coin makes it a focus for developers and technology futurists, who will be using it to factually improve many industries.
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Trading CFDs involves significant risk of loss

How would you like to trade ETH/USD?

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Trading CFDs involves significant risk of loss

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Trading CFDs involves significant risk of loss

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Trading CFDs involves significant risk of loss

Valued at $2. 5, Ether was first introduced in 2015, it is considered the second most popular cryptocurrency after BTC. The platform Ethereum, which ETH fuels, was developed by Vitalik Buterin in 2011, trying to solve the Bitcoin Network's individualistic issue, creating a more multifunctional blockchain solution. In 2014, the company run a crowdfunding campaign raising more than $18M. The ETH/USD pair is a crypto-fiat currency pair with ETH as a base currency and USD as the counter currency. ETH has a yearly supply of 18 million, which means that more of this crypto could be introduced, making its supply unlimited. While the average Bitcoin transaction might take 10 minutes to be completed, Ethereum is said to be more cost effective as it takes only 15 seconds to process, which makes it more volatile and liquid. Also, unlike Bitcoin, the Ethereum network uses a proof of stake system to verify transactions, as opposed to Bitcoin's proof of work.USD was introduced in 1972 after the US Congress was formed. Today, unlike any cryptocurrencies, the USD is controlled by the Federal Reserve (US central bank), which makes the currency centralised. The USD is the world's reserve currency, held by numerous countries as part of their foreign exchange reserves. It also makes up six out of eight of the world's Forex pairs. The US dollar is denoted by the symbol $. One of the many advantages of crypto is the fact that they are decentralised, and hence, not controlled by any country's central bank.

1. USD price will be impacted by the latest US news, such as unemployment, political factors, interest rates and imports and exports. On the other hand, ether's direction could be influenced by security breaches such as the one in June 2016. When it was discovered that the platform had left a window open for hackers to ransack $50M worth of Ether. Due to this infringement, Ether dropped 30% in one day. 2. The typical fundamental events that affect the USD are: Key economic data releases such as GDP statistics, retail sales figures and purchasing managers indices; Interest rate movements, decisions from the FED have proven to be an influential event (a raise in a country's interest rates tends to make their currency spike up).

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