RATE Group | Ethereum (ETH) Technical Analysis
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Ethereum (ETH) Technical Analysis

Ethereum (ETH) Technical Analysis

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On a weekly basis, ETH is down 10 percent and this is contrary to the fundamentals that are overly supportive of Ethereum (ETH). Remember, not only are there new developments as Mokens launching and implementing new ERC standards but the approval of ENS by ICANN is definitely a huge plus for Ethereum (ETH) propulsion to mainstream.

From the News

  • Finally, the first composable ERC-998, non-fungible token is ready to launch on the Ethereum mainnet. A composable token is simply a unique digital asset and there are of two types: top-down composables and bottom up composables. ERC-998 tokens according to Mokens are an extension of the ERC-721 tokens that makes it possible for one to own other ERC-721 tokens. In turn ERC-721 tokens can also own ERC-20 based tokens.
  • Trinity, an agnostic second layer solution for Ethereum, state channels might end up being deployed by end of August. Thereafter the team plans on setting a Trinity-Ethereum node set up page for non-technical users and later there…

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