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- Ethereum has lost 20% in the last day and is currently trading at the lowest level since August 2017.
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The world's second largest cryptocurrency has lost more than 80% of its value from the peak December 2017. [19659003] Prices for Ethereum fell to the lowest level in a year
The second largest cryptocurrency in the world was caught in the last sales crash, which saw Bitcoin lose around $ US1,000 in the last 24 hours.
Ethereum lost about 20% in that period and recently it was trading below $ US230, the lowest level since August 2017.
The moves in Ether tokens can have a significant impact on the encrypted markets , as the Ethereum blockchain is the platform of choice for most new initial coin offerings.
Another company in the cryptographic space that provides a blockchain platform is Block.one, based in Hong Kong.
Block E's EOSIO platform was considered as a potential competitor of Ethereum, with the potential for better downsizing capability. [19659004] Block.one, who robbed CBA's chief financial officer, Rob Jesudason, in May, raised $ US4 billion in an ICO at the start of the year through the issue of EOS tokens. According to the Wall Street Journal, ICO's proceeds were received in Ether.
The EOS token is now the fifth largest cryptocurrency in the world, but it has also experienced strong declines in the last three months.
From the beginning of June, EOS tokens lost around two thirds of their value, rising from over US $14 to about $ US5.
Ether tokens saw similar declines, rising from about US $ 615 to June 6 to $ US227 today – a decline of around 63%. Over the same period, Bitcoin lost around 17%.
The creation of the Ethereum blockchain has also generated a proliferation of new alt coins, which is part of what inspired the crypto-mania of 2017.
The Commonwealth Bank bondchain bond, which raised $ 110 million for the World Bank reconstruction and development division, it was implemented using the Ethereum blockchain.
The craze reached its peak in December last year when Ethereum reached $ US1.357. Since then, the currency has lost more than 80% of its value.
In line with the last fall of Ethereum, hundreds of alt coins on the coinmarketcap.com website have seen a decrease of about 20% in the last 24 hours [19659017] NOW WATCH: video Money & Markets
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