RATE Group | Why Tetras Capital Is Shorting Ethereum
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Why Tetras Capital Is Shorting Ethereum

01 Aug Why Tetras Capital Is Shorting Ethereum

Posted at 18:33h in Ethereum News by

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In the world of digital currencies, ethereum (ETH) has long occupied the space just behind bitcoin in terms of market cap. However, many ETH proponents believe that it has, in some ways, been the more revolutionary of the two leading cryptocurrencies. After all, the ethereum platform created smart contracts, enabling decentralized applications (DApps) and initial coin offerings (ICOs) to spread around the world.

On the strength of these innovations, the price of ETH has risen dramatically from its early levels. Although it declined from its highs of around $1,400, in line with other digital currencies, ETH still trades for well above $400. Now, though, a New York-based firm called Tetras Capital has revealed that it is shorting ethereum. 

Scalability

According to a report by Global Coin Report, one of Tetras’ primary concerns with ETH is scalability, which is a significant problem for cryptocurrencies in general, and one of the primary reasons for the hard fork…

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