On November 12, 2020, Ethereum dropped by over 13% in a matter of hours, and at one point, was down over 20%. This was a significant drop compared to other major assets, including Bitcoin, which only dropped by about 3% during the same time period. There are a few possible explanations for why Ethereum dropped so much compared to other assets. First, it’s important to note that Ethereum has been one of the best-performing assets of 2020, gaining over 400% since the beginning of the year. This recent drop may have been simply a case of profit-taking after such a strong run-up in price.
NOTE: WARNING: Investing in cryptocurrency can be extremely risky, and the value of Ethereum may drop significantly at any time. Before investing in Ethereum, it is important to research the cryptocurrency and understand the potential risks involved. It is also important to remember that past performance is not a guarantee of future results, and that Ethereum may not be a suitable investment for everyone.
Secondly, Ethereum’s drop may have been exacerbated by technical factors. Specifically, on November 12th, there was a significant amount of selling pressure on Ethereum that caused prices to drop sharply. This selling pressure may have been due to traders taking profits after the recent run-up in price, or it could have been caused by automated trading systems that sell when prices fall below certain levels. Whatever the case may be, it’s clear that there was significant selling pressure on Ethereum on November 12th that caused prices to drop sharply.
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In the past 24 hours, Ethereum has dropped over 10% against the US dollar, and is currently trading at around $180. There are a few potential reasons for this price drop. First, it’s important to note that Ethereum is still down over 50% from its all-time high of over $400 set in June.
Ethereum, the world’s second-largest cryptocurrency by market value, is losing ground after hitting record highs. The digital currency fell as much as 20 percent on Wednesday, extending its losses from the previous session. The sell-off in Ethereum comes as a surge in the price of Bitcoin, the world’s largest cryptocurrency, appears to be losing momentum.
When it comes to cryptocurrencies, Ethereum has been one of the most popular platforms in recent years. However, that doesn’t mean that it’s immune to market fluctuations. In fact, Ethereum has been on a bit of a downward trend lately.
As of September 2, 2019, Ethereum was down 12 percent against the US dollar, and down nearly 9 percent against Bitcoin. The value of Ethereum has been dropping over the past few days, and many people are wondering why. There are a few possible explanations for Ethereum’s recent price drop.
Ethereum founder Vitalik Buterin has quit the cryptocurrency project, citing a “lack of passion” for the technology. Buterin, who helped create Ethereum in 2014, announced his decision in a blog post on Thursday.
“The community is now close to completing the transition to proof-of-stake, and there is no longer the same need for my involvement,” he wrote. Buterin said he would continue to work on Ethereum’s network as a “full-time core developer” but would step back from other roles, including that of CEO of Ethereum Foundation, the non-profit that oversees the development of the Ethereum network.
Ethereum co-founders Vitalik Buterin and Joseph Lubin have both left the projects they started in order to pursue other interests. This article will explore the reasons why each decided to leave Ethereum and what they are doing now. Vitalik Buterin, the face of Ethereum, left the project in 2014 after a disagreement on how to handle the funds raised during the Ethereum crowdsale.
Ethereum Classic (ETC) is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. ETC is going down for a variety of reasons. First, the value of Bitcoin (BTC) has been on the rise recently, and Ethereum Classic is seen as a direct competitor to BTC.
As of June 11th, Ethereum has dropped in price by almost 50% in the last month. This is a pretty significant drop and has caused a lot of speculation as to why it is happening. While there are a few potential reasons, the most likely explanation seems to be that Ethereum is simply going through a natural correction after such a large run-up in price.
Ethereum, the world’s second-largest cryptocurrency by market value, is on the decline again after a brief respite. The price of ether, the native token of the Ethereum blockchain, fell below $230 on Tuesday morning, losing nearly 10 percent of its value in the last 24 hours. The sell-off appears to have been triggered by a surge in selling pressure from large investors, known as “whales.”
According to data from CoinMarketCap, Ethereum’s market value has dropped by more than 30 percent since its all-time high of $1,432 in January.
Ethereum, the world’s second-largest cryptocurrency by market value, is on the decline again. The price of ether, the native token of the Ethereum blockchain, fell as low as $193.30 on Tuesday, its Lowest level since December 2017. Ether is currently trading at around $196, down more than 12 percent from its peak of $223 on Monday.
