The recent proliferation of crypto / digital currencies has made the iGaming industry sit up and take notice. Offering the best service and a wide choice of payment and withdrawal methods which are secure and private should be at the forefront of any serous online Casino.
Up to this point in time, Bitcoin has been the best known of these new crypto currencies, however it has its limitations and new players are coming onto the market regularly. Some fall by the wayside, others attract niche followed, but few stick out the first few years as Ethereum has done since its launch in 2014.
Best Ethereum USA Casinos
So what is so different about Ethereum? What is all the fuss about? For a start, it is a Swiss nonprofit organization that designed this flexible framework for users while still being based on a similar blockchain platform such as Bitcoin. The main currency is called Ether.
Whilst other crypto-products can also be created on this flexible and user friendly platform/framework it offers an infinite number of payment options, whilst remaining secure and private. More and more online casinos are starting to accept the Ether as a payment/withdrawal method. It is certainly growing in popularity due to its positive growth since its inception.
Get into the Groove
To start using this new crypto currency the first thing that needs to be done is to download a wallet program. They are freely and widely available. These wallets are gateways to a decentralized blockchain. Once this is done to will gain access to the many different products that are traded over the chain, including the Ethel. Another benefit of using Ethereum is that one is able to write and deploy one's own currency products in many different formats along with processing transactions contracts and verification systems.
Keeping it Simple
Keeping things simple, let's stick to the Ethel money currency, since that is that is what we are mostly concerned with. Known as ETH on the trading markets, the Ethel is a virtual "wallet". It is increasingly being accepted as a viable payment option by more and more online casinos. This is testament to the safety, security and convenient features. The Ethel has basically penetrated the market and is now accepted along with other more established payment methods. The cashier will guide you through the process however it is extremely fast and in no time at all you will have money in your (virtual) wallet.
Standing out in a Crowd
So why exactly does the Ethel stand out from the crowd? For a start, the ETH trades at about 1% of the price of Bitcoin. It is also much easier to get started with the coins due to their smaller denominations and they hold their value nevertheless. The flexibility is unparalleled and very, very convenient.
Ethereum Continues To Prove Popular Amongst Gaming Enthusiasts
The crypto currency Ethereum continues to prove very popular amongst gaming enthusiasts with many using it as their payment method of choice. There are a number of online casinos who accept Ethereum and amongst the games which one plays, one may include Ethereum Blackjack. You can also choose your payout methods in Ethereum and the fact that it is trading at around 1/30th of the price of Bitcoin makes it a much more attractive proposition with the price growing considerably in the short term. Another crypto currency that is slowly gaining in popularity is Ethereum Classic which has shown a steep rise of late and which is currently at around $28 in value. Experts are stating that the crypto currency could rise considerably in the future with values of $100 also being mentioned. Several slots are also promoting Ethereum Classic as a payment gateway. There are also sites which are using Ethereum for their sportsbook as well as for other gambling games.
Ethereum Classic Price Support
In the previous analysis, we discussed how ETC price can trade above $20.00 against the US Dollar. The price gained momentum and was able to break $20.00 and $24.00 resistance levels. The upside move was strong and the price even broke the $25.00 resistance. A new monthly high was formed at $27.99 from where a minor correction wave was initiated. An initial support on the downside is around the 23.6% Fib retracement level of the last wave from the $20.15 low to $27.99 high.
There is also a key bullish trend line forming with support at $26.00 on the hourly chart of the ETC/USD pair. The trend line support is likely to act as a major support above $25.00. Moreover, the 38.2% Fib retracement level of the last wave from the $20.15 low to $27.99 high is at $24.97. Therefore, the $25.00 level is another major support area in the near term. Bitcoin price drops $500 but still bullish after trading at $10,000.
Bitcoin's vertical ascent witnessed its first (minor) bump in over a week after the cryptocurrency hit a record high on Monday within reach of $12,000. Trading data on Bitfinex shows price chalking $11,000 near 06:30 UTC before steady trading stuck near those levels. At precisely 09:00 UTC, a sell-off triggered a short-lived collapse as prices fell $540, losing 5.5% in 40 minutes in falling to $10,500. At press time, the drop doesn't resemble a corrective course for the wider market as the cryptocurrency picked up again, trading near $11,400.
Bitcoin has seen tremendous interest as a viable store of value among retail investors this year and is now up nearly ten-fold from its opening price of $1,000 on January 1, 2017. In recent months, the value of the world's first cryptocurrency began its current trajectory of aggressive gains after an announcement by the CME Group, the world's largest exchange owner, to offer bitcoin futures contracts in December. The move has increased confidence in the cryptocurrency space with the expected participation of institutional investors.
Recently the crypto currency Ethereum Classic rose to unheard of highs of over $30 on some exchanges. This means that the currency has virtually trebled in value over the past month where it had reached lows of even $9. This phenomenon is leading investors to pour even more and more money into this crypto currency and some are even saying that it might reach levels of $40-50 by the end of the year.