ETHEREUM MASSIVE DECLINE

Updated: 01/11/2019 17:38
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ethereum decline
Find out the details of the recent most serious decline of the Ethereum cryptocurrency rate according to the stats from Coinmarketcap, experts opinion
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Find out the details of the recent most serious decline of the Ethereum cryptocurrency rate according to the stats from Coinmarketcap, experts opinion

Within last 24 hours, the Ethereum has fallen in price by more than 15%, showing the worst result out of TOP 10 cryptocurrencies on Friday. The coin is now trading at $128.35, its market capitalization slipped in the evening of January 11 to $13.388 billion.

The cryptocurrency has fallen in price so much that the XRP token managed to overcome it in terms of capitalization, being ranked on the second place and pushing the Ethereum to the third one. The XRP capitalization is now at $13.816 billion.

The main cryptocurrency bitcoin fell around 10% to $3,699.73. Bitcoin Cash as well as the Ethereum showed the worst result from the top ten cryptocurrencies, falling by more than 15% to $132.47.

Latest stats from CoinMarketCap January 11

At the end of December, the Ethereum, on the contrary, added aggressively, as the interest of users to this asset grew against the background of the approaching the Constantinople fork, which should be held in mid-January.

Updating the ETH cryptocurrency network software will improve its performance. According to the hard forks initiators, the improvement of the Ethereum blockchain's capacity will attract new users, as the activity of the existing players of the platform has recently decreased significantly.

Today's fall is likely to be corrective in nature and may soon be replaced by aggressive growth, experts say.

Some analysts predict a rise in price of the Ethereum to $156 after the Constantinople fork, which is planned to be supported, as it's been informed by 17 trading platforms as of now.

The ETH rate at the level of $ 150-155 will be the most fair for the coin, since at this level it will be able to hold fundamental positions, while maintaining attractiveness for traders.


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