Ethereum Era Is Over: Epic Drop of Second Biggest Cryptocurrency After Bitcoin
The price of Ether, the second biggest cryptocurrency after Bitcoin, fell below $400, for the first time since November 2017.
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Is Ethereum dead?Â
Ether hit a low of $365.65 mark on April 1st, according to CoinDesk data, and as of press time is trading at roughly $394.
The cryptocurrency’s price hasn’t been below the $400 level since November 23, according to data from CoinMarketCap.
Source: coindesk
At the time, the price had nearly reached an all-time high and would go on to surpass $1,200 as the broader cryptocurrency market shot to its peak.
ETH has lost more than 24% in the past days.
The true reasons remain unknown but many consider Ethereum had its price forced down due to increased selling pressure from traders.
However, it is not just the case of Ethereum because most major cryptocurrencies are facing a hard time in the markets over the past couple of weeks as market leader Bitcoin too, has fallen below the $7000 mark yet again!
Source: coindesk
See also:
- New Cryptocurrencies Epic Drop Below $8,000! Here’s How Google Crashes Bitcoin, Ethereum and All Market
- Bitcoin is Boring, Ethereum is a New Hype: Experts Prediction for 2018
- All Facts About TOP 5 Cryptocurrencies: Bitcoin, Ethereum, Ripple, Dash and Litecoin
