March 30, 2018 by Akshay Makadiya 0 Comments The world’s second-biggest cryptocurrency, Ethereum (ETH) has dropped below $450 against the US dollar — its lowest point since November 2017. The cryptocurrency’s price, which at press time sits at $397, has been bleeding heavily for the past few weeks.
According to Coinmarketcap.com data, ETH has lost half its value since March 1st, 2018. Also see: Florida State Rep.
Candidate Sets Up Ethereum Contract for Contributions Join the Bitsonline Telegram channel to get the latest Bitcoin, cryptocurrency, and tech news updates: https://t.me/bitsonline After the start of December 2017, Ethereum’s value tripled over the next month. However, those gains have now been expunged as the value dropped back to below any December price.
Ether (as Ethereum’s native currency is actually called) is also facing tough competition from various other rivals such NEO, Lisk, Cardano, EOS, and others. These competitors are slowly gaining popularity and slicing off part of ETH’s market.
Most of the Ethereum rivals not only offer similar blockchain-based smart contract platforms, but also claim to be more efficient and scalable. ETH’s market dominance has dropped from 22 percent in February to almost 14.5 percent at present. Read more from bitsonline.com…
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