How Bitcoin & Ether Are Devalued As Other Cryptocurrencies Gain Traction

in #fraud • last year

Bitcoin and Ether are among the most popular crypto assets, but both are seeing their values ​​erode as new coins enter the market.

Bitcoin price has dropped recently, with a sharp drop on Wednesday. At the time of writing, one bitcoin was worth $5,939.72, down from $6,330.05 at the end of June.

The price of ether has been on a downward trend for months, falling below $300 for the first time since May 2017. At the time of writing, one ether was worth $297.65, down from $325.24. la at the end of June.

Both currencies are being devalued by other cryptocurrencies that are gaining traction in their markets and attracting potential buyers who are not interested in Bitcoin or Ether.

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