Ethereum Hits New Low in 2018 Raising Concerns About Its Future

  • Alex Dovbnya
    📰 News

    ETH 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 crypto


Ethereum Hits New Low in 2018 Raising Concerns About Its Future

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.

Cover image via u.today
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About the author

Alex Dovbnya (aka AlexMorris) covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. When he happens to take a break from crypto, Alex delves into cognitive linguistics (metaphors can be fun too!).

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