[NEWS] The Ethereum-BubblesteemCreated with Sketch.

in #ethereum6 years ago

crypto-news.png

Hi all!

After falling below the 200 billion USD mark, the market recovered slightly for now. Albeit: there are no signs towards a new price rally this year.

The market just lacks a fundamental momentum. In comparison last years pricerally was fired up by ethereum. That you can see in the graphic below. Unfortunatly the curve has about the exact same shape economists draw when to explain what a speculativ bubble is.

etherbubble.PNG
Source: https://coinmarketcap.com/currencies/ethereum/

Starting with the value of just under USD 80 on May 1, 2017, the price increase to more than USD 1360, but currently leaves no USD 300 remaining. This puts the price of ether below that of a year ago.

The course of Bitcoin is indeed identical, as the following graph shows. However, Bitcoins price remains increased even after hype and the burst of the bubble.

btcbubble.PNG
Source: https://coinmarketcap.com/currencies/bitcoin/

So has Ethereum failed? Or is the market currently just reorganizing itself after the first experiences with Ethereum? Let me know what you think. Until then

Your JP

Sort:  

he hi @jpmay
just started following you
Thanks for sharing Ethereum Important Information
pls follow @important-to-us

Congratulations @jpmay! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 1 year!

Click here to view your Board

Do not miss the last post from @steemitboard:

Carnival Challenge - Collect badge and win 5 STEEM
Vote for @Steemitboard as a witness and get one more award and increased upvotes!

Congratulations @jpmay! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Do not miss the last post from @steemitboard:

Use your witness votes and get the Community Badge
Vote for @Steemitboard as a witness to get one more award and increased upvotes!

Coin Marketplace

STEEM 0.26
TRX 0.11
JST 0.035
BTC 64246.49
USDT 1.00
SBD 4.00