- By Pierre-Alexandre
January 16th, 2019
Ethereum developers have announced that they will postpone Ethereum Constantinople hard fork after finding vulnerabilities:
Because the risk is non-zero and the amount of time required to determine the risk with confidence is longer the amount of time available before the planned Constantinople upgrade, a decision was reached to postpone the fork out of an abundance of caution.
This delay is happening while Ethereum's market sentiment already has negative momentum. Our Ethereum Sentscore today is at a level of 4.6 (at the time of writing this article) and is heading back to its previous lows of December 15th when Ethereum price was at a yearly low.
News sentiment is moving towards a score of 3.1. The last time news surrounding Ethereum had such a negative score was at the end of November during the most recent bearish price dip:
Social sentiment is also very negative (3.7), also a low score that Ethereum previously had during negative price swings in early December:
Ethereum's "sentiment support" has been revisited and weakened by weeks of criticism against the roadmap and ability to scale. The Constantinople system-wide upgrade won't be noticeable by average users, but it's is a hot topic for miners, and lays the foundations for the eventual migration to Proof of Stake.
More cryptocurrency market sentiment insights on Omenics.