Ethereum, a rival cryptocurrency to bitcoin that has rallied over 2,700 percent this year, could be due for a correction to the tune of 38 percent, according to one analyst.The cryptocurrency was trading at around $191.78 in the early hours of Friday morning and has been moving within a tight range.This brings ethereum close to a price level which one technical analyst, who looks at historical trading patterns to determine future price moves, said could see a sharp drop in the digital currency.Nicola Duke, an analyst at analysis platform Forex Analytix, said that if ethereum trades below $170, then it could mean the price falls to $140.This would mark a 38.4 percent decline in the price from Wednesday's high of $227 and around a 27 percent fall from Friday's early morning trading price.Ethereum has fallen from Wednesday's high which could mean traders may start taking profits."The fact we have had that wobble yesterday might mean we see some profit taking into the weekend," Duke told CNBC in a phone interview on Friday.

But after falling to $140, which Duke said is a "huge level to buy against", ethereum could rally $100 to $240.This could happen on Tuesday.Duke has so far been correct on her calls on bitcoin.On Thursday, the analyst told CNBC that if bitcoin got close to $2,800 there might be some pullback.The cryptocurrency reached $2791 on Thursday and then declined.It was around $2,571 on Friday morning.Duke said that the bitcoin decline could continue to January before bottoming and then a rally.Investors have been getting interested in alternative cryptocurrencies to bitcoin given that it has seen a huge rally this year.Ethereum is seen as a good alternative and has been backed by major financial institutions and corporations.A group called the Enterprise Ethereum Alliance (EEA) was recently founded to connect large companies to technology vendors in order to work on projects using the blockchain.Companies involved in the launch include JPMorgan, Microsoft, and Intel.On Tuesday, the EEA announced another 86 firms joined the alliance, which is adding growing legitimacy to the cryptocurrency.

A full explanation about ethereum and its appeal can be found here.bitcoin umfrageDaniel Masters, director at Global Advisors Bitcoin Investment Fund (GABI), said that bitcoin is acting as a "gateway" into different digital currencies, which are now becoming more accepted alongside traditional fiat currencies.mining litecoin group"Some of these currencies are doing a lot better relatively, but the point here is we are moving into this really rich diverse cryptocurrency ecosystem side by side the fiat currency," Masters told CNBC.bitcoin step by step epubGABI is an investment fund that is listed on The International Stock Exchange on the Channel Islands.bitcoin loan no verification

Over the past two weeks our community has grown tremendously, and we’ve received an overwhelming amount of feedback and questions.bitcoin exe virusTo those of you who have emailed us directly, we’re working through your emails as quickly as we can.Given the vast amount of interest in recent token launches and their subsequent short-term effects on the Ethereum network, we’ve made the decision to delay the Contribution Period by 3 days, to Tuesday 20th June at 2pm GMT to ensure our community’s awareness of the structure and procedures necessary to participate, extend our bug bounty period, and further test our plans for use of dynamic ceilings.The feedback from our community and the desire to set a new standard of rigor and communal participation has encouraged us to commit a few more days to support these standards.litecoin mining shop

We hope that this will give everyone enough time to prepare for the event, ask questions, and try out Status for yourself.As much as we’d like to shift our focus back to development of the Status client and go ahead as planned, those of you who have been part of the Ethereum community for a long time will understand security needs to be the foundation of our thinking, and drive all our decisions when it comes to code that stores real value.We’d like to announce that we will be further increasing the Bug Bounty to $60,000 for critical issues.litecoin discussionLearn more about this program here.wie entstehen bitcoinOur contracts have already been audited by three leading security firms, so to sweeten the deal, any security experts who find a bug will also be offered the ability to ensure participation in the Contribution Period (although at the exact same rate as everyone else — 10,000 SNT per 1 ETH).We’d also like to address a few Frequently Asked Questions:Q: I’m a US Citizen, can I participate?acheter 0 1 bitcoin

All US IPs on https://contribute.status.im/ will be blocked entirely, and contributors must agree to the Terms and Conditions.Q: How much Gas should I use?A: Recommended Gas Limit: 200,000, Gas Price maximum: 50 GweiQ: As a SGT holder, will my transaction have priority?A: No.Q: Can I have an iOS invite?A: Unfortunately Apple sets a hard limit of 2,000 TestFlight invites (since we’re in alpha).You’d be welcome to build Status yourself, or try us out on Android instead (through an emulator is an option too!).Q: Can I send BTC?Only ETH.Q: Which Ethereum clients can I use to participate?A: The only wallets we are confirmed to support are MyEtherWallet, Metamask, Mist, Parity and imToken.Q: Will I still receive SGT if I’m eligible?We’re manually reviewing each and everybody, and we have a lot of incredible contributions to get through, so please be patient.Q: When are SNT transferable A: Exactly 1 week after the Contribution Period ends.Our terms have been updated to reflect this.Q: What is the minimum amount of contribution?