Ethereum, the second largest currency by market cap, has been recently experiencing a major bearish trend. In just one day, the price of this coin dropped by a staggering 17 percent, outperforming other bleeding cryptocurrencies in the very gloomy market and reaching a brand-new low for 2018.
On top of great financial losses (Ethereum’s steady fall has erased billions in the total crypto market cap), it also indicated that investors may be gradually losing interest in ICOs that are pretty much responsible for Ether’s success.
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Valeria Blokhina
