Ethereum has been going down since May 2019.
Ethereum is a blockchain platform that supports the development of decentralized applications. The platform has seen its value fall by around 90% since the start of 2019, and there are many reasons why this might be. This article will look at some of the most common reasons why Ethereum has been going down.
Is Ethereum a good investment?
Many people believe that Ethereum is a good investment, but others think it’s not. For example, Michael Novogratz said in October 2018 that he believed Bitcoin would hit $10,000 in Q1 2019. However, Novogratz also said that he didn’t think Ethereum would see $1,000 in the same time period. He did say that he believed Ether would hit $500 by April 2019, which it did do at one point during the month.
The price of Ether started to rise again in May and reached an all-time high on June 13th when it was worth over $900 per ETH token. At this point, there were more than 120 million ETH tokens in circulation.
What caused the drop?
There are several reasons why people believe Ethereum went down so much between May and October 2019. One of these reasons is because regulators started to take a closer look at cryptocurrencies as a whole.
