Despite the successful execution of the highly anticipated Byzantium hard fork, the price of Ether, Ethereum’s native cryptocurrency, has struggled to recover beyond the $300 mark.
In September, prior to China’s nationwide ban on initial coin offerings (ICOs) and cryptocurrency trading, the price of Ether neared the $400 region, as optimism towards the Ethereum network began to increase at a rapid rate in China, Japan, and South Korea.
Since then, the price of Ether has declined from around $390 to $280, as the cryptocurrency market endured several major corrections in the past week. The price of Ripple, Litecoin, Bitcoin Cash, and Bitcoin have all declined in the past few days, as the price of bitcoin decreased from $6,199 to $5,860.
https://www.cryptocoinsnews.com/ethereum-price-struggles-recover-beyond-300-despite-hard-fork/