RATE Group | Ethereum Downtrend Might Not be Over Yet, Actual ICO Sell Off Expected
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Ethereum Downtrend Might Not be Over Yet, Actual ICO Sell Off Expected

11 Sep Ethereum Downtrend Might Not be Over Yet, Actual ICO Sell Off Expected

Posted at 11:15h in Ethereum News by

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Over the past few months, investors of ETH, the native cryptocurrency of the ever so popular Ethereum project, have had to fight off bears at every turn, as the asset has been battered by negative news and wavering sentiment on a daily basis. Although significant progress is being made for the project, ETH has recently plunged to establish a new year-to-date low under $200.

ICOs Have Spent $30M Of ETH This Week, Still $600M To Be Spent

As with any trending topic, the demise of ETH has been a topic of thorough discussion with cryptocurrency analysts, investors, and leaders alike, even in the furthest edges of the crypto industry. Everyone and their dog had something to say about Ethereum’s violent decline, with many taking to social media platforms to express their two cents on the matter. While there was a large presence of contrasting, emotion-based opinions, there were a few gems that brought logic and reason to the decline in the price of Ether.

One of those notable gems was…

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