RATE Group | Ethereum (ETH) Continues To Underperform, Are ICOs To Blame?
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Ethereum (ETH) Continues To Underperform, Are ICOs To Blame?

09 Sep Ethereum (ETH) Continues To Underperform, Are ICOs To Blame?

Posted at 22:37h in Ethereum News by

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Over the past few months, investors of Ethereum have had to fight off bears at nearly every turn, as the price of the asset recently established a new year-to-date low in a bout of acute selling pressure. However, some fear that the worse is yet to come.

Ethereum Falls Under $200 For The First Time Since August 2017

As reported by Ethereum World News on multiple occasions, the cryptocurrency market hasn’t had the best week, with the collective valuation of all crypto assets falling by over 20% in a matter of just a few days. While altcoins had it worst enough, there was one specific cryptocurrency that stood out (not in a good way) among the nearly 2000 crypto assets that are currently in existence.

To the surprise of some, this asset was Ethereum, which has fallen by approximately 33% in the past week, while Bitcoin has ‘only’ posted a loss of 11-12%. At one point on Saturday, Ethereum was worth $185 a piece, which was the first time that the price of ETH was less than $200…

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