The CoinGecko Q3 cryptocurrency report suggests a rough perspective for Ethereum


The popular cryptocurrency blog has published its latest report detailing its findings on the cryptocurrency space during the third quarter of 2018.

So, how did they do it?

Among the details there are some statistics not very happy for Ethereum, which is currently in the number two position of the first five cryptocurrencies in the world. While the other four – which include bitcoin, bitcoin liquidity, Ripple's XRP and Litecoin – all showed positive returns year on year, Ethereum failed to rise on the pot, and decreased by about 22 percent from the second quarter , and many fans remain oppressed.

The findings of the report show that EOS is the highest level among the best coins in the cryptographic sector, after having increased by more than 700 percent since the second quarter. The next in line is Ripple, which increased by more than 180 percent and then bitcoin, which recorded a burst of around 52 percent. Although at the bottom of the list, bitcoin cash has also risen by about 28 percent.

This is a small bean, honey

These numbers are undoubtedly "good", but pale in comparison to the data in CoinGecko's Q1 report. During this period, Ethereum did exceptionally well and gained around 684 percent. However, the Ripple Litecoin and XRP were the currencies that lived their highest levels of growth. Ripple experienced a boost of over 2,100 percent from the fourth quarter of 2017 to the first quarter of 2018, while Litecoin exploded at around 1,571 percent. Bitcoin has grown by around 536 percent, despite the downward trends its price would have started to suffer later in the month.

At that time, the low yield was bitcoin money, which eventually decreased by about 9% over the time covered. Bitcoin money was the most recent currency among the five mentioned; He arrived through a hard crossroads in August 2017 and was still considered "fresh from the boat".

The popularity later fell

These figures probably represent the clamor surrounding the bitcoin and its altcoin counterparts at the end of 2017. At that time, the bitcoin had increased to almost $ 20,000 per unit, while a few months later, currencies such as Ethereum jumped and exceeded $ 1,400. . This new popularity would later be marked by a bearish sentiment that apparently refuses to give up and stayed with us for the duration of 2018.

Bitcoin crashed by almost 70 percent and at the time of writing it traded for only $ 6,300, while Ethereum took an even tougher road. The second largest cryptocurrency by market capitalization fell about 80% from its February peak, and is currently trading around $ 198 after a trading period of just over $ 200.

Image via Pixabay

Source link