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When did it happen? It seems that without anyone noticing, the battling cryptocurrency Ethereum has claimed the title of the second most valuable crypt on the market.
Whichever way you launch it, 2018 was a desperate year for Ethereum fans. Apart from a triumphant January with ether exchanges at over $ 1,300, the second most popular cryptography in the world has gone from bad to worse.
Why did Ethereum fail in 2018?
Co-founder of Ethereum and ConsenSys Head Joseph Lubin has swept away the price as a speculative bubble, explaining that the encrypted world had already gone through six similar similarities before.
Other critics said the collapse of the ETH 00 it was inevitable and its value would be zero. Blockchain scalability issues and ICO dumping were also cited as main causes, not to mention the Ethereum whales crawling their tails and moving markets.
But things are moving fast in this area, and all this was like that last year. It is great news for aficionados who are being trampled today as the currency resumes its second place with an increase of 80% over the last 30 days, from $ 83 to $ 150.
ETH Back Where it is
Ethereum has regained its place as the second most important cryptocurrency in the market. And who would he call? Does this mean that the next Bullrun is coming?
For many, it would be premature. Those who quickly criticize the altcoin are already grazing the pump for the upcoming fork, and they say they are careful to buy now.
The coming Ethereum fork is worth being very conservative with any bearish bias. Still negotiating what I see on the charts, but if ETH decides to go on a track then I should think that the rest of the market will follow to a certain extent.
– NebraskanGooner (@nebraskangooner) 2 January 2019
Others say it will not be long before another ICO dump resets things as they were.
But whatever happens now for Ethereum, let her fans enjoy the moment. ETH is back where it belongs as the most important altcoin, and they can savor it for now.
Will Ethereum close in second place in 2019? Share your forecast below!
Images courtesy of Shutterstock
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