VOLATILE ETHEREUM - IS THAT A SIGN OF DANGER!!!!
One of the most popular cryptocurrency ethereum ended the last 24-hour period down more than two percentage points but at the same time BITCOIN showed a 1.18-point gain, according to cryptomarketcap.com. Most currencies were posting some recovery after a day and most were showing a down trend. Ethereum had an especially difficult day among the leading currencies, its price was falling to 8.05 points earlier in the day but BITCOIN was only down by 2.25 points. However BITCOIN also had a down trend last week but look like this crypto actually recovering slowly.
At the end of Wednesday, Ethereum’s price fell to $262, dropping its market cap to just $24.4 billion. Ethereum trading volume also fell below bitcoin trading volume. Ethereum’s volume was $741.2689 million, while bitcoin’s was $890.295 million.
7-DAY PATTERN OF DOWNTREND
Over the last seven days, Ethereum fell by 18.67 points while bitcoin gained 1.21 points. Ethereum the posted worst performance among cryptocurrencies with more than a billion dollars in market capitalization. The only crypto to perform worse than Ethereum in the 7-day period was 17th ranked Bytecoin, a coin with $353.311 in million market capitalization, which lost 19.59 points.
Ethereum lost more ground to bitcoin in market capitalization, $24.77 billion to bitcoin’s $42.741 billion. On June 29, Ethereum had closed the gap, holding $30.821 billion to bitcoin’s $42.558 billion.As of July 6, Ethereum was no longer gaining its share of the total crypto market. Ethereum held 24.62 percent of the total crypto market while bitcoin held 42.36 percent. On June 27, Ethereum held 25.03 percent while bitcoin held 42.47 percent.
Volatile Ethereum
Ethereum continues a recent pattern of volatility. On June 29, it was up big time after falling hard in the prior 24-hour period, posting the biggest gain among the larger capitalized cryptos in the 24-hour period, jumping 20.19%. Its 24-hour gain vastly outdid bitcoin’s 4.79-point gain.Ethereum’s price tumbled from $391.51 June 13 to $262.38 on June 26, then rebounding to $321.83 on June 28.Looking at a longer term, Ethereum’s price has remained well above the lower teens which it held all year up until beginning its fast climb in March.
Nicola Duke, a Forex Analytix technical analyst who uses historical price data to determine future price movements, predicted in late May that Ethereum, which was still an explosive growth path, could experience a 38.4-point fall from its then $227 price. He added, breaking through the $377 price point would be key for Ethereum. That point, according to Duke, was the “resistance level,” the point that traders reach but don’t surpass. Ethereum’s next challenge is to reach $467. Duke uses historical price data to determine future price movements. ETHEREUM is so far a very popular crypto and many people have already invested on it. Let's hope that ETHEREUM is not goin to let us down with a massive shock!!!
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You just copied all of this information from from one of your criptocurrency subscriptions..... I just read this article online a few minutes prior to reading this!!! This is wrong and no one should follow you or listen to what you post, for it could just be someone elses work. This guy is commiting plagirism.
Thanks for ur suggestion andreben! Yes that was definitely copied but I don't think that everyone read the same news that u or me read!! So i just thought of to share the information. Whatever u write, I believe u also get some information from somewhere else correct?? So the main intention of this post was to share the news!!! I believe plagiarism means when u claim someone's else stuff as urs. I never did that. Just shared the information/news. There are many posts of mine that are my own creation. So u may refer to them if u want. I have shared such news earlier with steemians.
Yes plagiarism is when you take someone's work as your own and that is what you did, you posted the article under your own name and will receive credit and money for the work which is not your! But this is a very cool and interesting article which needs to be posted so next time just change the words or give credit for the true author of that article and pic as well.
I cannot agree with you anymore. Anyways, thanks for your effort to post some of your suggestions and let me tell you that I know what I did. So whatever pictures you attach in your post, all taken by you?? and if not, you transfer the money to the actual photographer/owner/author? u sure?? .. It's really easy to blame others :) . Good Luck!!!
No I did not take pics in my post that is why I gave credit to the person where I got the pic! That ensures that I give him or her credit for their work. What you did was not right and is illegal...
Ok.. Will be cautious next time.. Is that fine??