Ethereum Hits New Low in 2018 Raising Concerns About Its Future

  • 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

Cover image via U.Today

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.

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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