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<p class = "canvas-text canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "On December 9th, the Ethereum price fell about 3% from $ 97 to $ 93, failing to sustain the short-term momentum obtained by an unexpected recovery that has experienced Saturday. From its daily peak, Ethereum declined by more than six percent from the US dollar, from $ 100 to $ 93. "Data-reactid =" 32 "> On December 9th, the price of Ethereum fell about 3% from $ 97 to $ 93, failing to sustain the short-term momentum achieved by an unexpected recovery that experienced Saturday, as the daily peak in Ethereum fell more than 6% from the US dollar, from $ 100 to $ 93.
<p class = "canvas-text canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Bitcoin Cash has also shown a weakness in its short-trend at the price of labor as it has lost almost half its value within a period of two weeks from 6 November Bitcoin cash price declined from $ 200 to $ 100, exactly 50 percent. "data-reactid =" 33 "> Bitcoin Cash also showed weakness in its short-term price evolution, losing nearly half its value over a two-week period November 6, Bitcoin's cash price fell from $ 200 to $ 100, exactly 50 percent.
Why is Ethereum and Bitcoin going down so quickly?
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The gap between Ethereum and Ripple, which recently detected Ethereum as the second largest cryptocurrency in the global market, has increased to more than $ 3 billion within a span of three weeks. "data-reactid =" 43 "> The gap between Ethereum and Ripple, which recently took on Ethereum as the second largest cryptocurrency in the global market, has increased to more than $ 3 billion within a span of three weeks.
Technical indicators show oversold conditions, but the sheer intensity of the price reduction of the two cryptocurrencies has created a difficult environment for the recovery of the two assets or even the maintenance of a low price range.
It is possible that, as investors in the cryptocurrency market resort to fundamentals, cryptocurrencies that have struggled to see a significant increase in accessibility, adoption and usability are becoming more difficult than Bitcoin.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Ethereum, for example, as seen in the case of ConsenSys, the largest blockchain software company in the world, has been successful in creating an efficient infrastructure for decentralized applications (dApps) to some extent, but struggled to see much progress in Plasma, Sharding and Casper, the projects three major solutions for downsizing. "data-reactid =" 46 "> Ethereum, for example, as seen in the case of ConsenSys, the largest blockchain software company in the world, has succeeded in creating an efficient infrastructure for decentralized applications (dApps) in some measure, but has struggled to see much progress in Plasma, Sharding and Casper, the three major downsizing solutions projects.
The ERC20 tokens, most of which are based on Ethereum, given its dominant position in the field of smart procurement, have failed to show products that can be effectively used by casual users and the mainstream.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Seeing a clear lack of adoption of dApps and decentralized systems, Joseph Lubin, a co-creator of Ethereum and the founder of ConsenSys, said the company will move forward and begin to focus on developing products that can be used by users in the ecosystem. "data-reactid =" 48 "> Seeing a clear lack of adoption of dApp and decentralized systems, Joseph Lubin, a co-creator of Ethereum and the founder of ConsenSys, said that the company will move forward and begin to focus on developing products that can be used by users in the ecosystem.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Lubin said in an & # 39; sent to employees of the company: "data-reactid =" 49 "> Lubin said in an e-mail sent to the employees of the company:
"ConsenSys 2.0 requires us to evaluate our efforts more rigorously, and we will try to execute leaner projects because often the best decisions are made in a context of more limited resources: scarcity sharpens the senses and forces discernment in decision making. plentitude, while perhaps a noble goal in many circumstances, should be hard won, otherwise it leads to complacency and dullness. "
Bitcoin Cash, a cryptocurrency with a large transaction capacity, has seen limited adoption by merchants who sought when it was first launched in August.
<h2 class = "canvas-text canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Bitcoin will survive better in the bear market"data-reactid =" 53 ">Bitcoin will survive better in the bear market
With large-scale financial institutions such as Nasdaq, NYSE, ICE and Fidelity promising to build infrastructure around Bitcoin, it is expected that the dominant cryptocurrency will continue to outperform both the major digital assets and the small cryptocurrencies capitalized in the bear market.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Shutterstock foreground image. Charts of & nbsp;TradingView."data-reactid =" 55 ">Shutterstock foreground image. TradingView Charts.
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The post The market is recovering 5 billion dollars, but why the penetration of Ethereum and Bitcoin is increasing? appeared first on CCN.
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The postal market recovers from 5 billion dollars, but why is the penetration of Ethereum and Bitcoin increasing? appeared first on CCN.
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