Multiple Ethereum hardforks upcoming and the launch of our new Crypto Surprise Index

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Happy New Year! Goldman Sachs didn’t do too well in 2018 losing roughly 35% of their market value. Why are we mentioning this? Because they did at least one thing right…inspiration. CryptoMarket360 is proud to announce our Crypto Market Surprise Index.

The Crypto Market Surprise Index (CMSI) is based on some of the top factors involving crypto demand, volatility, and regulation. Information and data points are gathered weekly and then smoothed to form the curve you see above. It is important to note that data points on this trend line are mutually exclusive from previous and future weeks, therefore, the value that you see for 12/1/18, for example, will never change unless we inform you of an algorithm update. Keep a look out for more to come from our data analysts.

What is going on with Ethereum? Well for one, the crypto currency has managed to surpass Ripple for the number 2 spot on the market cap leader board. More importantly, Ethereum is coming to a fork in the road. Seriously, no pun intended. The Constantinople proposed code change is set to go into effect during block 7,080,000 on the Ethereum blockchain. As of today, this block should fall on January 16 pending any delays.

What do you need to know?

  • The new miner reward drops from 3 ETH to 2 ETH
  • Block confirmation time speeds up
  • The foundation is set to fulfill the longtime desire of the Ethereum community to move from a Proof-of-Work (PoW) to Proof-of-Stake (PoS) blockchain

Are there other ETH forks coming up? Beware. Multiple sources have mentioned an “Ethereum Nowa Fork” taking place on January 12th awarding ETH holders with “free ETN”. According to our investigation and supported by the members of Bitcointalk.org, this appears to be a scam. The team pictures originally published on their website were fake stock photos and the process to collect the ETN tokens more resembles an ICO where you pay in ETH than a typical crypto fork.

Ethereum Classic Vision Fork. While this fork doesn’t appear to have a significant backing (9 tweets and 523 followers), we figured we would at least bring it to your attention since the ETCV is being airdropped on January 11th. You will need to have your ETH on a personal wallet such as MyEtherWallet as the airdrop is not being supported by exchanges. You can learn more on their website here.

On a side and final note, Ledger seems to be preparing for a large press release right before their team attends the 2019 Consumer Electronics Show (CES). Check out what their homepage currently looks like.