Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Ethereum News & Updates => Topic started by: sirty143 on October 02, 2018, 04:37:41 AM
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On Sept. 12, Ethereum (ETH) dipped below the $170 mark, dropping to $166 to hit its lowest point of the year. Since then, within a 30-day period, ETH has shown promising recovery in its volume and momentum, rebounding from $166 to $230. Last week, on Sept. 23, the Ethereum price achieved $255.
Worst Part of the Drop is Over
The unexpectedly rapid growth of the initial coin offering (ICO) market in mid-2017 led many analysts to speculate that the price drop of ETH was largely triggered by the sell-off of Ethereum holdings by blockchain projects that have raised millions of dollars through public token sales. See more for yourself here (https://www.ccn.com/did-ethereum-bottom-out-at-170-worst-part-of-eth-drop-may-be-over/).