RATE Group | Ethereum Network Marred by Ponzi Scheme-Like Games
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Ethereum Network Marred by Ponzi Scheme-Like Games

26 Jul Ethereum Network Marred by Ponzi Scheme-Like Games

Posted at 08:57h in Ethereum News by

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As if Ethereum didn’t have enough on its plate trying to catch up with bitcoin… The second-largest cryptocurrency by market cap and the number one competitor to bitcoin has been recently been marred by the growing popularity of various Ponzi scheme games that have been built on its network.

Ethereum has not been subject to the same bull standards as bitcoin. The father of crypto – currently trading for over $8,100 – is at its highest point since April and has jumped by over $2,000 in just a matter of weeks, spiking from $5,800 in early July to its present figure. Many analysts predict that the bull run will continue, and that enthusiasts have a lot to look forward to in the coming days.

Ethereum FOMO 3D

Ethereum, on the other hand, has been lagging behind. Though the currency did manage to strike the $500 mark early last week, Ethereum has been fairly stagnant ever since, falling to the low $450 range before spiking mildly to $470, where it presently sits. Despite its smart contract…

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