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Topic: WHY DID ETHEREUM DROP ALMOST 10% TODAY? - page 2. (Read 217 times)

sr. member
Activity: 1260
Merit: 251
Ethereum is currently trading around $515, down 8.49 percent over a 24 hour period at press time.

Earlier this month, TrustNodes reported that EOS spent around $950 mln in ETH over the previous 30 days, according to a third party analysis of data from crypto data feed Santiment. Today, TrustNodes writes that around 180,000 ETH was traded in one hour on Bitfinex, as opposed to the 20,000 ETH per hour usually recorded by Bitfinex and exchanges GDAX and OKEx.

TrustNodes suggests that EOS is the party trading the large amount of ETH, as they note that EOS has spent $1 mln in ETH four days ago, and today the number is raised to around $1.4 mln.

Etherscan shows that wallet address marked as EOSCrowdsale still has around 200,000 ETH, and wallet address marked EOS-Owner around 916,000, together equaling over 1.1 mln ETH.

According to data from CoinMarketCap, Bitfinex has traded in around $238 mln in ETH over a 24 hour period at press time, while OKEx is less than half of that at around $104 mln, and Huobi at around $98 mln.

Source : https://cointelegraph.com/news/ethereums-price-drop-possibly-due-to-large-eth-sell-off-by-eos-report-says

what are your thoughts on the recent huge drop in the price of Ethereum lets get a discussion going.

The information above was from the site listed we did not write those statements.
There are more tha 1 millions ethereum remaining.  It's around 500 millions dollar again, and as you can see that https://www.ccn.com/eos-ico-approaches-4-billion-after-year-long-crowdsale/
4 billion has reached by the team to develop a crap blockchain with common spesification. I can do that to create a new one for free lol
That doesn't make sense to create a blockchain with 4 billions.
Ether only need 16 millions to create a big ecosystem right now.
something special, if eos need 4 billion to build their blockchain and ethereum only 16 million then that means blockchain eos 250 times from blockchain eth. wow, it will be the biggest and most expensive blockchain and I can not imagine it.
newbie
Activity: 11
Merit: 0
Can anyone tell me why all coins have almost the same price trends even though they have very different algos.

BTC is the initiator it seems. When it rise, every other crypto coin rises. Very predictable.

So if BTC becomes $500k as predicted by some, can I say EOS or Eth and all other coin will increase in value exponentially too?

Or am I are lead to believe the fluctuation is independent. The price graph trends says otherwise.

Go to sites like Coingecko and see the graph trends in one page. Looks more or less similar.

The thing is  BITCOIN and ETHEREUM have trend changes similar to stocks because the market is driven by people in both cases if everyone sees an increase in one crypto currency or ICO they think hey I should invest in others and vice versa when their is a drop in the price of BITCOIN or ETHEREUM this especially in the Blockchain market causes similar fluctuations across the board.
hero member
Activity: 1540
Merit: 507
Ethereum is currently trading around $515, down 8.49 percent over a 24 hour period at press time.

Earlier this month, TrustNodes reported that EOS spent around $950 mln in ETH over the previous 30 days, according to a third party analysis of data from crypto data feed Santiment. Today, TrustNodes writes that around 180,000 ETH was traded in one hour on Bitfinex, as opposed to the 20,000 ETH per hour usually recorded by Bitfinex and exchanges GDAX and OKEx.

TrustNodes suggests that EOS is the party trading the large amount of ETH, as they note that EOS has spent $1 mln in ETH four days ago, and today the number is raised to around $1.4 mln.

Etherscan shows that wallet address marked as EOSCrowdsale still has around 200,000 ETH, and wallet address marked EOS-Owner around 916,000, together equaling over 1.1 mln ETH.

According to data from CoinMarketCap, Bitfinex has traded in around $238 mln in ETH over a 24 hour period at press time, while OKEx is less than half of that at around $104 mln, and Huobi at around $98 mln.

Source : https://cointelegraph.com/news/ethereums-price-drop-possibly-due-to-large-eth-sell-off-by-eos-report-says

what are your thoughts on the recent huge drop in the price of Ethereum lets get a discussion going.

The information above was from the site listed we did not write those statements.
There are more tha 1 millions ethereum remaining.  It's around 500 millions dollar again, and as you can see that https://www.ccn.com/eos-ico-approaches-4-billion-after-year-long-crowdsale/
4 billion has reached by the team to develop a crap blockchain with common spesification. I can do that to create a new one for free lol
That doesn't make sense to create a blockchain with 4 billions.
Ether only need 16 millions to create a big ecosystem right now.
jr. member
Activity: 51
Merit: 1
Can anyone tell me why all coins have almost the same price trends even though they have very different algos.

BTC is the initiator it seems. When it rise, every other crypto coin rises. Very predictable.

So if BTC becomes $500k as predicted by some, can I say EOS or Eth and all other coin will increase in value exponentially too?

Or am I are lead to believe the fluctuation is independent. The price graph trends says otherwise.

Go to sites like Coingecko and see the graph trends in one page. Looks more or less similar.
sr. member
Activity: 734
Merit: 250
Ethereum is currently trading around $515, down 8.49 percent over a 24 hour period at press time.

Earlier this month, TrustNodes reported that EOS spent around $950 mln in ETH over the previous 30 days, according to a third party analysis of data from crypto data feed Santiment. Today, TrustNodes writes that around 180,000 ETH was traded in one hour on Bitfinex, as opposed to the 20,000 ETH per hour usually recorded by Bitfinex and exchanges GDAX and OKEx.

TrustNodes suggests that EOS is the party trading the large amount of ETH, as they note that EOS has spent $1 mln in ETH four days ago, and today the number is raised to around $1.4 mln.

Etherscan shows that wallet address marked as EOSCrowdsale still has around 200,000 ETH, and wallet address marked EOS-Owner around 916,000, together equaling over 1.1 mln ETH.

According to data from CoinMarketCap, Bitfinex has traded in around $238 mln in ETH over a 24 hour period at press time, while OKEx is less than half of that at around $104 mln, and Huobi at around $98 mln.

Source : https://cointelegraph.com/news/ethereums-price-drop-possibly-due-to-large-eth-sell-off-by-eos-report-says

what are your thoughts on the recent huge drop in the price of Ethereum lets get a discussion going.

The information above was from the site listed we did not write those statements.
Today the market was mix, even for bitcoin the market was mix. the price of bitcoin in some times of the day was good and for times of the day it dropped a little. For other coins, some of the coins raised a few percents while some coins dropped a few percent. Ethereum was also among those coins which dropped around 10%. But it is just a little drop and it will recover sooner do not worry for that small percent drops in your portfolio.
newbie
Activity: 11
Merit: 0
Ethereum is currently trading around $515, down 8.49 percent over a 24 hour period at press time.

Earlier this month, TrustNodes reported that EOS spent around $950 mln in ETH over the previous 30 days, according to a third party analysis of data from crypto data feed Santiment. Today, TrustNodes writes that around 180,000 ETH was traded in one hour on Bitfinex, as opposed to the 20,000 ETH per hour usually recorded by Bitfinex and exchanges GDAX and OKEx.

TrustNodes suggests that EOS is the party trading the large amount of ETH, as they note that EOS has spent $1 mln in ETH four days ago, and today the number is raised to around $1.4 mln.

Etherscan shows that wallet address marked as EOSCrowdsale still has around 200,000 ETH, and wallet address marked EOS-Owner around 916,000, together equaling over 1.1 mln ETH.

According to data from CoinMarketCap, Bitfinex has traded in around $238 mln in ETH over a 24 hour period at press time, while OKEx is less than half of that at around $104 mln, and Huobi at around $98 mln.

Source : https://cointelegraph.com/news/ethereums-price-drop-possibly-due-to-large-eth-sell-off-by-eos-report-says

what are your thoughts on the recent huge drop in the price of Ethereum lets get a discussion going.

The information above was from the site listed we did not write those statements.
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