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It is quite refreshing and surprising to see more cryptocurrency markets go green suddenly. This is mainly due to the fact that the value of Bitcoin is still falling by almost $ 32 at this point. In the case of Ethereum, the uptrend has not yet materialized. Its value remains well below $ 85, which is not necessarily what investors are hoping for.
The price crisis of Ethereum remains in force
It has become more than obvious that the price of Ethereum will not return to its all-time high in 2018. It could set a new minimum not seen in more than a year, but this is how far this market will go. There has not been a sustainable uptrend for this altcoin since the overwhelming bearish pressure has become evident. Now it seems even more unlikely that this trend can be avoided, even if there are still more than two weeks to go in the year.
In the last 24 hours, there has been another drop of 1.3% for the price of Ethereum. There is also a 0.5% decline in the BTC value, but this is not necessarily the part that worries investors and speculators. As such, one must ask where the value for ETH will end, since $ 83 may not necessarily be a stable support plan. If the total limit of the crypto market falls below $ 100 billion, things can get pretty terrible rather quickly.
One thing that holds Ethereum in some way relevant to the average person on the street is the creation of ICO. Without these projects, there is a real possibility that most of the PF-related transactions will stop altogether. Even if the network transfers a lot of value every day, it is not yet a currency that people often use to buy goods or services. Changing the narrative could be very challenging.
There are also annoying news about how Status is firing a fair number of workers. Various blockchain and crypt societies are restructuring during this extended bear market. Current prices require companies to cut costs and dismiss staff is the logical result. This, despite Status, has recently released their new version of the app that introduces, among other things, private group chats.
Version 0.9.32 has been released! Private group chats, device sync and more are included in this release. Check the release notes for more details. https://t.co/faPiNDD8EK pic.twitter.com/fTJZM6iGuY
– State (@ethstatus) 6 December 2018
A good meme can do a lot in the world of cryptocurrencies. The exchange of insecurities shared a very interesting gif with the world to illustrate how the cryptocurrency markets have evolved. Since many people associate riches encrypted with expensive cars, the short video could be a bit unpleasant to watch for those with "lambo dreams and aspirations".
It has been quite difficult for any cryptocurrency to find stable support throughout 2018. Ethereum is no different, despite being technically more advanced than other projects on the market. Since losing the top 2 of the cap market by locating XRP, things have worsened over time. As such, the following two weeks could prove crucial in many different ways.
Disclaimer: this is not about trading or investment advice. The article above is for entertainment and training purposes only. Please do your own research before buying or investing in any cryptocurrency.
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