RATE Group | Ethereum Down to $200 As Investor Confidence Crisis Looms
41646
wp-singular,post-template-default,single,single-post,postid-41646,single-format-standard,wp-theme-bridge,wp-child-theme-bridge-child,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Ethereum Down to $200 As Investor Confidence Crisis Looms

08 Sep Ethereum Down to $200 As Investor Confidence Crisis Looms

Posted at 20:10h in Ethereum News by

[ad_1]

The Ethereum bearish market hasn’t come to an end yet.

The month of September has been particularly hard on the cryptocurrency as it quickly lost the $300 handle earlier this month, and is already threatening to consistently dive below the $200 area.

Mike McGlone, a commodity strategist at Bloomberg Intelligence, said Ether may fall further to a support target of $155.

Ethereum Crisis Driven by Increased Competition, Lack of Mainstream Adoption and FUD

The open-source, public, blockchain-based distributed computing platform and operating system was once an innovative product to help developers create functional blockchain applications. This was without a middleman or counterparty risk.

However, as the cryptocurrency market grows, currently with 1,926 different cryptocurrencies available for trading on 13,731 exchanges worldwide, more blockchain networks are disputing what once was the Ethereum territory.

A number of promising distributed ledger technology networks have come to…

[ad_2]

Source link