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Ethereum continues its strong fortunes this week, as talking about developmental milestones contrasts with Ether (ETH), which reaches the lowest price in a year.
Troubled Times For ETH
The Coinmarketcap data confirm that ETH / USD [19659004] 0 0 currently trading at around $ 225 marks the pair's lowest level since mid-September 2017. [19659006] Downward pressure on the largest altcoin has increased in recent days after Bitcoin suddenly fell nearly $ 1000 on controversial claims Goldman
While the confidence of Bitcoin investors remains largely unchanged, the owners of altcoin have long begun to worry, with ETH having aroused loyalty votes particularly pronounced in recent months.
As Bitcoinist reported in July, for example, a "Bearish Thesis" dedicated to the assets of Tetras Capital depicted a serious perspective, claiming that its already deflated price was still "significantly overvalued".
Meanwhile, during this week, commentators emphasized motivational factors similar to the fall of ETH as the Tetras had done, including the withdrawal of the 2017 frenzy, which saw Ethereum monopolize the issue of tokens.
"People have started to create apps and software, but the market has outdone itself," Kyle Samani, managing partner at Crypto Hedge Fund Multicoin Capital, told the network.
They are understanding that you have to be for the long run, and some investors do not have the patience.
New Ethereum 2.0 Roadmap Unveiled
Ethereum's grand plans for the future continue in the background, with the decentralized Ethereum Proof of Stake Pool Darren Langley, Rocket Pool senior blockchain developer, gives an overview of the so-called "Ethereum 2.0" march 7 September.
"There are many talented people working to make Etero fantastic," he summed up.
Ethereum 2.0, which includes innovations including Casper and sharding, has been built in a decentralized manner, which Langley emphasizes extensively.
"It has an organic quality that, hopefully, will help to grow human organization but will remain inclusive," he added.
Will Ethereum's roadmap will help to recover prices? Share your thoughts below!
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