Ethereum Price Falls to 12-Month Low as Altcoins Suffer

aioc

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Quote from: cybersofts on September 07, 2018, 09:42:44 AM

Ethereum’s price fell to a 12-month low of $228.8 today, falling below the $255.05 of Sept. 17, 2017, fulfilling expectations of those who have predicted a weakening of support that ICOs have bestowed on the second largest cryptocurrency since early last year.

Ethereum’s price has been on a roller coaster since it began climbing above the $20 range in March of 2017. The price reached $1,377.72 on Jan. 13, 2018, according to Coinmarketcap.com, riding the cryptocurrency market growth at the time. Some analysts credited a surge to ICOs on the Ethereum blockchain.

After January, the price fell, hitting $386.59 on April 7, 2018, then rose to $830.02 on May 5 before falling to its current low. The price began the current year in the upper $200 range, reaching $283.29 on Sept. 10, 2017.

Arthur Hayes, CEO of BitMEX, postulated in mid-August that Ethereum’s price was being supported by the ICOs that occurred starting in early 2017. Hayes said the ICO investments come from VCs that will dump their Ether in response to the bear market. He predicted Ethereum will fall below $100.

reference: https://www.ccn.com/ethereum-price-falls-to-12-month-low-as-altcoins-suffer/

I wonder when will these things going to happen so I can prepare and buy more Ethereum, right now the price of Ethereum is on $220 level and showing a sign of recovering, there is still uncertainty but it's not only Ethereum all the coins are dropping so it's not good to lose hope on Ethereum only

jhongzjhong

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I also don't understand why Eth suffer too much price in the market, we know that this technology is most likely used in some ICO's project to purchase their token. Probably that's the reason now become lessen ICO's project emerging since the market is too much down the price.
But still, I believed on this Ethereum and hold into my wallet, no doubt it will recover soon we can predict market price.

leviathon

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The market seems to be taking hit after hit but what we have to understand is that this is normal, it does not change anything that has happened. The market has grown to heights that we did not expect and even if the coins are down now, they are not going to stay that way forever and with time the will go back to new all time highs

louie69

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Yes, Eth had been suffering from a down trend in the last successive months where it might continuously go down within the next few weeks. However, I believe eth will fully recover once btc will make a rally in the coming months to come. I lthink that because of the correction and doubt from the investors may had hinder eth to spike back.

worldofcoins

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Quote from: cybersofts on September 07, 2018, 09:42:44 AM

Ethereum’s price fell to a 12-month low of $228.8 today, falling below the $255.05 of Sept. 17, 2017, fulfilling expectations of those who have predicted a weakening of support that ICOs have bestowed on the second largest cryptocurrency since early last year.

Ethereum’s price has been on a roller coaster since it began climbing above the $20 range in March of 2017. The price reached $1,377.72 on Jan. 13, 2018, according to Coinmarketcap.com, riding the cryptocurrency market growth at the time. Some analysts credited a surge to ICOs on the Ethereum blockchain.

After January, the price fell, hitting $386.59 on April 7, 2018, then rose to $830.02 on May 5 before falling to its current low. The price began the current year in the upper $200 range, reaching $283.29 on Sept. 10, 2017.

Arthur Hayes, CEO of BitMEX, postulated in mid-August that Ethereum’s price was being supported by the ICOs that occurred starting in early 2017. Hayes said the ICO investments come from VCs that will dump their Ether in response to the bear market. He predicted Ethereum will fall below $100.

reference: https://www.ccn.com/ethereum-price-falls-to-12-month-low-as-altcoins-suffer/

Then in some respect Arthur's prediction wasn't far off. Though, its sad to see that a coin which once held so much promise crumbled into pieces within a matter of months. That is also the large scale issue of crypto of too much volatility.

Iyeman

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Quote from: Prolifik on September 25, 2018, 08:23:05 AM

I do not trust CEO of Bitmex. He is paid to say these things.
With Ethereum is nothing bad, only ICOs are selling their collected Ethers to get money - it is pretty normal, that is why price is falling so much.

When there was no a lot of demand and that will be giving a huge impact to the ethereum. it's normal but the trend depends on the how good the condition of market is. That was become the main concern remember about when so many icos have been giving a huge profit to these guys and then it will be repeating again in the future,

prukerohen

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The decline in the price of Ethereum is one that has caused a lot of persons to worry, especially its investors, and I wouldn't exactly blame them, because it really has not been funny, but I would also like to urge them to stay calm and not lose faith in the coin. This is not going to be its death. A revival is coming soon.

Prolifik

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I do not trust CEO of Bitmex. He is paid to say these things.
With Ethereum is nothing bad, only ICOs are selling their collected Ethers to get money - it is pretty normal, that is why price is falling so much.

soundrum

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One of the reason for bearish Ethereum market which happened some two weeks ago is because many big ICO projects are catching their Ethereum out to fiat either for the project developments or some other needs. This been said, Etheruem is still a very strong project that will come back more stronger than before.

gabmen

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Quote from: sherenikaw on September 21, 2018, 09:09:48 AM

Yeah, you are right. The price of the Ethereum is very low right now. The dropping price of the Ethereum is very surprising. We cannot say that the ETH is collapsing. That is why, we must have the positive thinking that the this altcoin can reach higher and higher price again.

Well a collapse was the last thing in my mind when eth went on a downward spiral. Even itnhad recovered pretty well to probably the delight of those who were able to buy during thre dip.

masterrex

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Quote from: cybersofts on September 07, 2018, 09:42:44 AM

Ethereum’s price fell to a 12-month low of $228.8 today, falling below the $255.05 of Sept. 17, 2017, fulfilling expectations of those who have predicted a weakening of support that ICOs have bestowed on the second largest cryptocurrency since early last year.

Ethereum’s price has been on a roller coaster since it began climbing above the $20 range in March of 2017. The price reached $1,377.72 on Jan. 13, 2018, according to Coinmarketcap.com, riding the cryptocurrency market growth at the time. Some analysts credited a surge to ICOs on the Ethereum blockchain.

After January, the price fell, hitting $386.59 on April 7, 2018, then rose to $830.02 on May 5 before falling to its current low. The price began the current year in the upper $200 range, reaching $283.29 on Sept. 10, 2017.

Arthur Hayes, CEO of BitMEX, postulated in mid-August that Ethereum’s price was being supported by the ICOs that occurred starting in early 2017. Hayes said the ICO investments come from VCs that will dump their Ether in response to the bear market. He predicted Ethereum will fall below $100.

reference: https://www.ccn.com/ethereum-price-falls-to-12-month-low-as-altcoins-suffer/

Arthur Hayes was right in some points and its true that those "Post ICO Ethereum Holdings" was dump and this is the cause of Ethereum price slump until today. But the prediction of (Arthur Hayes) that Ethereum will dip as below $100 dollars is not yet happening and besides it was climbing today at $223 dollars level maybe we can say that it is too early to judge the best thing to do is continue to watch!

YuginKadoya

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There are many people still holding their ETH and that is the reason behind why the price will not go down any further than $100 USD if the price would move in a downward direction, I suspect that we hang on tight in that spot, But that speculation that Arthur Hayes was talking about I really think it will be on the end of this year the price of Ethereum will be down to $ 100 USD because of the holidays event and the money for certain individuals will be all out, Even bitcoin will sure suffer a tremendous loss in its price on the coming yuletide season.

sherenikaw

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Yeah, you are right. The price of the Ethereum is very low right now. The dropping price of the Ethereum is very surprising. We cannot say that the ETH is collapsing. That is why, we must have the positive thinking that the this altcoin can reach higher and higher price again.

Rahees

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ETH is close for the increasing again and from the other side this effect on other altcoins was too obvious. I like ETH's value and I am sure that it will replace BTC but not in the close future with such dips like that you have said.

ovinna

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ETH has its own dominance on the market like BTC has but I am sure that its dominance doesn't have negative effect. What's about the price, I think that it could be lower but we have to be happy that it is not lower and it is not decreasing more and more.

Proctopus90

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fall in price does not means that price can not increase in future.i think price will be boom within few days.take a long breath and stay calm.wait for good time.

YellowRose

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Its true that altcoin suffer. ETH is down slightly. Don’t worry it grow up soon. This coin is very potential it will daintily come back.

IIOII

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Almost all alts are in free fall, because people start to realize that these coins offer nothing substantial new compared to Bitcoin or have features that can be easily replicated in a Bitcoin 2nd-layer environment.

ETH suffers especially from the effective ICO ban by the SEC and the strong reliance on his founder, who is effectively the central authority for this coin.

I would sell my altcoins if I still had some. Especially BCash. Alts will underperform Bitcoin and most will fail completely.

askmecrypto

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Quote from: cybersofts on September 07, 2018, 09:42:44 AM

Ethereum’s price fell to a 12-month low of $228.8 today, falling below the $255.05 of Sept. 17, 2017, fulfilling expectations of those who have predicted a weakening of support that ICOs have bestowed on the second largest cryptocurrency since early last year.

Ethereum’s price has been on a roller coaster since it began climbing above the $20 range in March of 2017. The price reached $1,377.72 on Jan. 13, 2018, according to Coinmarketcap.com, riding the cryptocurrency market growth at the time. Some analysts credited a surge to ICOs on the Ethereum blockchain.

After January, the price fell, hitting $386.59 on April 7, 2018, then rose to $830.02 on May 5 before falling to its current low. The price began the current year in the upper $200 range, reaching $283.29 on Sept. 10, 2017.

Arthur Hayes, CEO of BitMEX, postulated in mid-August that Ethereum’s price was being supported by the ICOs that occurred starting in early 2017. Hayes said the ICO investments come from VCs that will dump their Ether in response to the bear market. He predicted Ethereum will fall below $100.

reference: https://www.ccn.com/ethereum-price-falls-to-12-month-low-as-altcoins-suffer/

Thats being said, ETH is just as good as any other ALT coin! Wink

The bear market has taken a toll, ICOs have performed poorly, people are more or less uninterested to invest in a project in ICO with an assumption that they can buy the token on a later date post listing on a price lesser then ICO price.

On the other hand, there are big projects who have raised a lot much ETH during the crowdsale and now for the expense (let it be personal or project development), they are cashing ETH out.
However, ETH has proven time to time and I still am super bullish on ETH. I do not see it going back to 2 digit value ever.

cybersofts

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Ethereum’s price fell to a 12-month low of $228.8 today, falling below the $255.05 of Sept. 17, 2017, fulfilling expectations of those who have predicted a weakening of support that ICOs have bestowed on the second largest cryptocurrency since early last year.

Ethereum’s price has been on a roller coaster since it began climbing above the $20 range in March of 2017. The price reached $1,377.72 on Jan. 13, 2018, according to Coinmarketcap.com, riding the cryptocurrency market growth at the time. Some analysts credited a surge to ICOs on the Ethereum blockchain.

After January, the price fell, hitting $386.59 on April 7, 2018, then rose to $830.02 on May 5 before falling to its current low. The price began the current year in the upper $200 range, reaching $283.29 on Sept. 10, 2017.

Arthur Hayes, CEO of BitMEX, postulated in mid-August that Ethereum’s price was being supported by the ICOs that occurred starting in early 2017. Hayes said the ICO investments come from VCs that will dump their Ether in response to the bear market. He predicted Ethereum will fall below $100.

reference: https://www.ccn.com/ethereum-price-falls-to-12-month-low-as-altcoins-suffer/

Topic: Ethereum Price Falls to 12-Month Low as Altcoins Suffer (Read 207 times)