I see a lot of news that ETH is about to fork next month and that holders can get candy, is that true? This is the reason for the recent increase in eth Why?
Hi blackbird123!
Ethereum has still two planned hard fork on the roadmap: Constantinople (Metropolis phase 2) and Serenity. The first one is arguably going to happen mid-2018 when the latter release date is uncertain yet.
If by "candy" you mean having tokens in both the original chain and the forked one (like it happened with the three or four forks of the Bitcoin blockchain this year) the answer is no. This happens only when the hard fork is controversial (which was the case for the fork after the DAO back in 2016 which created ETH and ETC). When an hard fork is fully accepted by the community (it was the case with Byzantium in october and will be the case for Constantinople hopefully), no one mine on the unforked chain which therefore become totally unusable.
I think the recent increase in ETH price is more like a correction given that many new people entered recently the cryptoworld by buying Bitcoin (which is the chain with the more media coverage and marketcap - yet) but then founded that there is much more in the cryptoworld than Bitcoin (which can be pretty unusable these days). Another interesting way of seeing this is comparing the number of transactions on BTC and ETH chain with their respective price evolution. See a post about it here. You see that the price of ETH tokens is simply following the adoption when the current price of BTC can be qualified, IMO, of bubblish.
This bitcoin uprise will drive all major alts up so quickly that I doubt we'll see any reds till the end of the year and if not afterwards when people will spend their yearly bonuses... 