So Ethereum has been on a downtrend lately. Today it is at $285 after hitting a peak of $390 few weeks back.
What is the reason for this almost 30% devaluing of ethereum in just a week?
One of the reasons I feel is that ICOs are now cashing out their ethereums. We had some record breaking ICOs this month including BAT, STATUS, BANCOR etc which combined raised hundreds of millions of dollars in Ethereum. I think these ICOs are now cashing out their ethereums since they have to pay salaries and infrastructure in real world currency , most probably in USD.
What do you think are other reasons for the fall in Etheruem?
I don't know the reason but I am pretty sure that soon Ethereum will go up again... :) it is normal to have ups and downs
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Nice blog. I was about to start a similair discussion. The biggest group of uneducated investors in mankind get's a shot to determine the price of a crypto. It's an interesting world we live in. An interesting website I found: https://www.coincheckup.com This site is really helpful in my coin research. I don't know any other sites with so much indepth analysis. See: https://www.coincheckup.com/coins/Ethereum#analysis For a complete Ethereum Detailed analysis
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