RATE Group | Chronicling the Massive Ethereum Decline of 2018 • Live Bitcoin News
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Chronicling the Massive Ethereum Decline of 2018 • Live Bitcoin News

08 Sep Chronicling the Massive Ethereum Decline of 2018 • Live Bitcoin News

Posted at 07:57h in Ethereum News by

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Ethereum has plummeted to a new 12-month low, continuing on its downward price trajectory. The second-ranked cryptocurrency has so far failed to actualize the considerable potential identified by stakeholders since its inception.

ETH Price Plunge

The recent cryptocurrency market dip that began on Wednesday has taken the price of Ethereum to even lower lows. At the time of writing this article, ETH was trading at $222 which means that its price has declined by more than 80 percent since the start of the year.

Ethereum’s decline is significantly worse than that of Bitcoin. The second-ranked cryptocurrency has been in steady decline since briefly rising above $800 at the start of May 2018.

ICO Failure

In 2017, Bitcoin and initial coin offerings (ICOs) stole the show. Many experts predicted that Ethereum would be the standout performer of 2018. After all, despite the massive gain in BTC price in 2017, ETH performed even better, based on annual percentage increase.

Many of the ICO projects…

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