Ethereum (ETH) Price Watch: No Stability in Sight as Currency Slips Further to Hover Around the $200 Region

At press time, the world’s second largest cryptocurrency by complete market capitalization is buying and selling at a value level of $206.49—  which is round 2% lower than its relative worth from yesterday afternoon. Nonetheless, it now seems as although the public notion of Ether appears to be taking a flip for the worst, with many analysts referring to the foreign money’s success final 12 months as being a part of a “huge financial bubble”.

Ether’s Worth Has Dropped By Over 70% Since Late Final 12 months

As lots of our readers already know, after climbing to an ATH of $1,400 earlier this 12 months, Ethereum has had fairly a tough exhibiting all by way of 2018, with the foreign money at the moment buying and selling round the $200 mark— thereby showcasing a value drop of greater than 70% since January this 12 months. The identical pattern has been noticed for Bitcoin( BTC) as properly, whose worth too has dropped by greater than 50% since hitting its all-time…

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