Ethereum and Bitcoin Price Decline Again; Major Factors For Mid-Term Recovery

psanam (41)in #ethreum • 7 years ago

Ethereum Price Remains Below $300

Since early September, prior to the initial coin offering (ICO) and cryptocurrency trading ban by the Chinese government, the price of Ether has struggled to remain in the $300 region, despite significant optimism surrounding developer activity and solutions on Ethereum such as the Byzantium hard fork and Ethereum co-founder Vitalik Buterin’s scalability solution Plasma.

Like bitcoin after the disappointing release of Bitcoin Gold, Ethereum was expected to sustain its upward momentum in the mid-term subsequent to the Byzantium hard fork. But, primarily affected by a series of minor corrections of the cryptocurrency market, the price of Ether has struggled to surpass the $300 mark in the past week.

#bitcoin #criptocrancy

7 years ago in #ethreum by psanam (41)

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