RATE Group | Ethereum, the world’s second-biggest cryptocurrency, is in meltdown
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Ethereum, the world’s second-biggest cryptocurrency, is in meltdown

06 Sep Ethereum, the world’s second-biggest cryptocurrency, is in meltdown

Posted at 06:07h in Ethereum News by

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  • Ethereum has lost 20% over the last day and is now trading at its lowest level since August 2017.
  • The world’s second-biggest cryptocurrency has lost more than 80% of its value since peaking in December 2017.

Prices for Ethereum have fallen to their lowest level in a year.

The world’s second-biggest cryptocurrency has been caught in the latest crypto selloff, which saw Bitcoin lose around $US1,000 over the last 24 hours.

Ethereum has lost around 20% in that time and a short time ago was trading beneath $US230, the lowest level since August 2017.

Moves in Ether tokens can have a significant bearing on crypto markets, given the Ethereum blockchain is the platform of choice for the majority of new initial coin offerings.

Another company in the crypto space which provides a blockchain platform is Hong Kong-based Block.one.

Block.one’s EOSIO platform has been considered as a possible competitor to Ethereum, with the potential for improved…

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