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Ethereum (ETH) Price Is Close to Bottoming Against Bitcoin (BTC), According to Trading Legend Peter Brandt

  • Alex Dovbnya
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    Peter Brandt claims that the ETH/BTC pair is forming a bottoming construction. Is this Ethereum's time to shine?

Ethereum (ETH) Price Is Close to Bottoming Against Bitcoin (BTC), According to Trading Legend Peter Brandt
Cover image via u.today

Commodity trading veteran Peter Brandt suggests that the bottom might be already in for Ethereum (ETH), the second largest cryptocurrency by market capitalization. His tweet has reignited hopes for a proverbial altseason that will be led by the top coins.     

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ETH Price: Next Comes $190 Target. Traders Discuss The Chance of Ethereum Uptrend

Ethereum, the hottest coin of 2017, was once on the verge of flipping Bitcoin during the peak of the great ICO bubble. However, its price gradually started to dwindle along with the industry's interest in the novel fundraising method. 

The ETH price has so far peaked at $354 in 2019, piggybacking off Bitcoin's price rally in July. At the time of writing, it is trading at $181.51, according to CoinStats data.     

As reported by U.Today, Brandt also predicted that XRP was bottoming against BTC despite his harsh criticism of the native token of Ripple.   

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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Bitcoin in Danger as New Research Shows Google Has Achieved Breakthrough in Quantum Computing

  • Alex Dovbnya
    📰 News

    Google's quantum computer is still too primitive to pose a threat for Bitcoin's cryptography, but things could escalate quickly

Bitcoin in Danger as New Research Shows Google Has Achieved Breakthrough in Quantum Computing
Cover image via www.123rf.com
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According to a new research paper published in science journal Nature, Google's quantum computer is able to perform calculations in just three minutes. To put this into perspective, it would take the fastest supercomputer about 10,000 years to perform the same operation, which signifies a major tech milestone for the search behemoth. 

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Google achieves "quantum supremacy"

Back in September, the Financial Times reported that Google has managed to achieve "quantum supremacy," which means that its beast is able to perform calculations that would be impossible to pull off with any other computer. 

However, technology is still way too fragile for commercialization, which is unlikely to happen anytime soon. There is hardly any practical application for quantum computers, but they do have great potential for disrupting a lot of industries, such as finance and transportation.   

Considering that the Trump administration has funneled a whopping $1.2 bln into the development of quantum computing, it might stop being just a buzz word. 

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Will Google's quantum success affect Bitcoin

There is also one notable application for quantum computing -- hacking Bitcoin. The headlines about Google's super-powerful juggernaut has made many wonder whether Bitcoin, whose value derives from the immutability of its Blockchain, is in danger. 

However, ex-Bitcoin Core developer Peter Todd reassured the confused crypto crowd that Google was nowhere near breaking the top coin's cryptography. On top of that, it's not even clear whether quantum computers could potentially be scalable enough for commercial use. 

Bitcoin evangelist Andreas Antonopoulos also opined that Google's quantum breakthrough would have no impact on the orange coin. 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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