Some of you may recall an article we wrote a couple weeks back regarding the three Ethereum forks and their impact on the market. Well, here we are, January 25th and nothing is here. Did we lie to you? Of course not. Ethereum has a reasonable explanation for all of this so let’s investigate the delay get some answers.
ETHEREUM’S CONSTANTINOPLE HARD FORK RESULTS IN LARGE ETH GAINS
Earlier this month, Ethereum saw some noteworthy gains that many analysts related to the upcoming Constantinople hard fork. This hard fork will reduce the new supply of ETH by 33 percent. In the long term, some say that this reduction will result in ETH being a more stable asset with gradual gains. Furthermore, Mati Greenspan, the senior analysts at eToro said this hard fork will make Ethereum faster, cheaper and less inflated. All good news for sure but then, we were hit by some bad news.
ETHEREUM CONSTANTINOPLE HARD FORK FACES SECURITY ISSUES
Last week, smart contract security audit firm ChainSecurity noticed a security flaw in the procedure. Therefore, production was halted. But for those worrying that the fork will never happen and it was just some market manipulation, don’t worry. The hard fork will still occur, albeit a bit delayed. The new release date is scheduled for late February. Following the news, ETH dipped nearly 8%. So for all the ETH hodlers out there, what’s your next move?
HERE’S WHY NOT TO SELL YOUR ETH
Sure, the delay caused a little backward momentum for ETH price but that doesn’t mean you should sell all your holdings and run. Ethereum is not some small-time crypto startup. They are a legitimate organization who will follow through with Constantinople. It’s only delayed and it’s possible more undiscovered security flaws will push back the delay even more. But when the hard fork eventually does happen, the price of ETH will rise again, and all “hodlers” will see some gains.
All that being said, we understand late February is a full month away and many of you may need cash now. Here’s an idea. While you’re all waiting for the hard fork to come, put up your ETH as collateral on YouHodler. In exchange, you’ll receive a near instant cash loan to invest in more Ethereum, pay off your business expenses or whatever else. With our three, unique tariff options, you can choose just how long you want to hodl on our platform. In the end, you get cash when you need it without losing your Ethereum in the process.
To learn more, visit YouHodler.com today. Thanks for your support and have a great weekend everyone!
YouHodler is a Blockchain-based Financial Ecosystem focused on cryptocurrency-backed lending with fiat loans. YouHodler lending platform provides USD and/or EUR loans, secured by collateral in BTC, ETH, XRP, and other popular cryptocurrencies.