Bitcoin bulls are calling $50,000 for the next rally. Ethereum bulls are also just as optimistic, as fundamental indicators are looking as promising as technical indicators. These key signals imply that a bullish rally, despite price stagnation is imminent and includes the sky-high demand for Ethereum’s ETH, which analysts claim will unseat supply in the coming weeks. To get the point across, analysts noted how Bitcoin’s price quadrupled within a three months period (November 2020 to January 2021) when demand toppled supply.

In the last 48 hours, Ethereum has sustained losses of 8.5%. The drop in prices was triggered by whale activities, reflected in the exit of ETH worth $2.4 billion from the Bitfinex exchange.

DeFi still remains one of Ethereum’s most promising ventures. At press time, locked in value has hit $23.22 billion. But Ethereum’s DeFi industry is still in its early stages, hence market maturation is still at its beginning state. “The DeFi market is still severely undervalued,” says analyst Joseph Young. Making up a large fraction of the entire digital currency market, he touches on DeFi’s astounding market cap.

“The total market cap of all DeFi tokens (even including Chainlink) is $25.7 billion. XRP and LTC and ADA will result in $31 billion.” 

Decentralized futures, still in the early stages but just as bullish is already processing millions of dollars in daily transactions. Young noted this in a preceding tweet as quoted below ;

“Decentralized futures exchanges on Ethereum are also seeing fast growth. Perpetual Protocol, for instance, is processing $50 million PER DAY.”

Meanwhile, on the technical charts, Ethereum seems to be replenishing its 7 days losses with reverse daily gains of 12% at the time of this report. However, the second most valued digital asset may need more to break above the $1,350 resistance level. Within the last few days, it has become evident that the strong price rejection around said resistance is still ongoing. 

Ethereum bulls have been knocked back down on several occasions. And the bearish momentum had successfully managed to suppress ETH to a low of $994. At press time price of $1,209, ETH bulls will need to build enough momentum to retest $1,350 resistance or risk testing $880 support levels.

A bullish price reversal is still being anticipated by analysts who opine that LINK, DOT, and ETH will pioneer the altcoin season.

Source: https://zycrypto.com/demand-for-ethereum-hits-rooftop-price-could-quadruple-within-90-days/

GG56 Ltd. is pleased to announce its participation in the Asia eHealth Information Network (AeHIN) MarketPlace, held virtually from Manila, Philippines on January 14th.

The AeHIN promotes peer-to-peer collaboration among global organizations to develop and implement digital health initiatives across South and Southeast Asia. Its MarketPlace virtual conference was part of AeHIN’s 7^th annual general meeting where governments, development partners, and non-government organizations discussed the latest trends on new projects to address the COVID-19 pandemic. This year’s theme was “Strengthening Regional Health Systems Response to COVID-19,” and institutions such as the Australian eHealth Research Centre and Japan’s National Institute of Public Health gave presentations from their virtual booths.

Founded in 2011 by the World Health Organization (WHO), the AeHIN has been connecting the brightest health and IT professionals to build upon health initiatives that leverage the newest technologies. Their work has created a global network where each member contributes to high-impact improvements on public health. From 7 members in 6 countries, the AeHIN has expanded to more than 1,000 members in 25 countries and is regarded as one of Asia’s top medical non-profits — notable partners include PATH and the Asian Development Bank (ADB).

During the MarketPlace conference, GG56 hosted a virtual booth and was one of two presenters to employ blockchain technology. It showcased its new Pass&Go App, a mobile application that generates digital credentials (in the form of a QR code) to enable those that meet certain indicators, such as testing negative or possessing immunity, to fully re-engage in social and economic activities. Further, via GG56’s partnership with TrueChain (a blockchain developer), all sensitive information such as personal data, antigen/antibody test results, and immunization status are hashed (encrypted) and securely stored on blockchain.

Venues such as airports, restaurants, and workplaces could customize the indicators they require for entry. For example, a conference might mandate a negative test result within the last 24 hours while a country/border control may require visitors to present negative results within 72 hours before departure. To that end, the Pass&Go App will facilitate shifting the paradigm of public health intervention in managing outbreaks from restricting movement to supporting the day-to-day activities of those without viruses or with immunity.

GG56 was established in 2019 with the mission of leveraging big data, artificial intelligence, and blockchain technology to create better experiences for consumers around the world. By developing FingeRate, an app where verified reviews are easy to give and rewarded with mileage points, GG56 more effectively aggregates and analyzes consumer behavior while securely storing this big data on blockchain. This blockchain-based ecosystem — which promotes transparency, accountability and privacy protection — has enabled users to make the most of their visits while allowing vendors to better serve their patrons.

In addition to analyzing consumer satisfaction metadata, GG56 is dedicated to promoting a culture of philanthropy and social responsibility. Its projects are designed to support local economies and ultimately bring more awareness to the UN’s Sustainable Development Goals. Given how consumer behavior and the COVID-19 pandemic are closely intertwined, GG56 has been developing digital health initiatives that will help address the pandemic. GG56 is excited to further implement these initiatives and work with all organizations to put an end to the COVID-19 pandemic.

Company Name: GG56 Ltd.

Media Contact: Daniel

Email: info@gg56.world

Website: http://btour.io/

Source: https://zycrypto.com/gg56-ltd-presents-innovative-health-solution-passgo-app-at-aehin-7th-annual-conference/

Ethereum’s creator wants to help Jack Dorsey in decentralizing Twitter while Charles Hoskinson says that he is also working on a social media project that could help decentralize Twitter so let’s read more in today’s Ethereum news.

Cardano’s founder Charles Hoskinson tweeted to Jack Dorsey this week saying he is working on something regarding social media. He wants Twitter’s Blue Sky decentralization initiative to be open source. Twitter’s CEO Jack Dorsey who is an outspoken BTC fan and his belief in the promise of decentralized technology which is a huge reason why Twitter is preparing for the next move away from centralized services.

He reaffirmed his belief this week when he explained his reasoning behind the recent ban of the US President Donald Trump for inciting violence. He mentioned the company’s plan to hire open source developers and engineers for its Blue Sky initiative to help devise a potential decentralized future for the platform. After the tweet, Charles Hoskinson who is the founder of Cardano and Ethereum’s creator replied to Dorsey saying that he will open up developments on Blue Sky to the community because he is working on something similar:

 “We are working on something Jack. You shouldn’t build this in-house. Make it an open source project and our entire industry can contribute.”

I do not celebrate or feel pride in our having to ban @realDonaldTrump from Twitter, or how we got here. After a clear warning we’d take this action, we made a decision with the best information we had based on threats to physical safety both on and off Twitter. Was this correct?

— jack (@jack) January 14, 2021

The Blue Sky initiative is looking for an open-source developer and Dorsey affirmed that they will work on an open decentralized standard for social media but it is now clear how to open the development will be and how involved the wider community will get. Dorsey’s tweets acknowledged what he saw as a need to act on the ban of Trump’s account as he wrote:

“I believe this was the right decision for Twitter. We faced an extraordinary and untenable circumstance, forcing us to focus all of our actions on public safety. Offline harm as a result of online speech is demonstrably real, and what drives our policy and enforcement above all.”

However, Dorsey concluded that social media and hosting companies are denying access to controversial users and this could be destructive to the purpose and ideals of the open internet and especially in the long-term. He cited BTC as being representative for the internet to come:

 “The reason I have so much passion for #Bitcoin is largely because of the model it demonstrates: a foundational internet technology that is not controlled or influenced by any single individual or entity.  This is what the internet wants to be, and over time, more of it will be.”

Source: https://www.dcforecasts.com/ethereum-news/ethereums-creator-wants-to-help-jack-dorsey-in-decentralizing-twitter/