#1 Source For Bitcoin And Altcoin News
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 post Ethereum Price Falls to 12-Month Low as Altcoins Suffer appeared first on CCN
Cryptocurrency startups in the United Kingdom are struggling in 2018. The fringe benefits that came with changing a company’s name to reflect an interest in blockchain technology seems to have all but disappeared.
In the last months of 2017, cryptomania gripped large swaths of the global business scene. With ICOs raking in hundreds of millions of dollars and cryptocurrencies reaching new all-time highs, the emerging market became the focus of interest from several quarters.
It will be rather interesting to see which cryptocurrencies can recover lost value in the days and weeks to come. For now, it seems there is no real change imminent, albeit things are always subject to change. The TRON price, for example, suffers from the biggest losses in the entire top 15 over the past 24 hours. A surprising turn of events, albeit it remains to be seen how things play out in the long run.
Initially dismissed as a fleeting, fringe trend by banks and regulating bodies, cryptocurrency was left largely untouched for a long time. For years, the crypto market was like the wild west. But as the cryptocurrency market and the hype around it continue to boom, financial players and governments are beginning to wake up, all scrambling to figure out just how they’ll conquer this new frontier while creating some serious arbitrage opportunities.
[Editor’s note: This is a guest article submitted by Gregory Klumov, CEO of Stasis.net]
