Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Cryptocurrency Price Speculations => Topic started by: 9158 Exchange on March 30, 2018, 04:24:17 AM
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The price of ether, the cryptocurrency of the ethereum network, fell below $400 on Thursday for the first time since November.
Ether hit a low of $387.85, according to CoinDesk data, and as of press time is trading at roughly $394. On GDAX, the cryptocurrency exchange operated by startup Coinbase, ETH is currently trading at around $392.
The cryptocurrency's price hasn't been below the $400 level since November 23, according to data from CoinMarketCap. At the time, the price had nearly reached an all-time high and would go on to surpass $1,200 as the broader cryptocurrency market shot to its peak.
As previously reported, ether is one of several major cryptocurrencies to take a hit during Thursday's trading session. Others in the top-10 cryptocurrencies by market capitalization, including bitcoin cash and Ripple's XRP token, also hit lows for 2018.
Ether isn't the only cryptocurrency to see significant moves in today's session. In the last hour, bitcoin's price dropped to a low of $7,016.53, according to the Bitcoin Price Index (BPI), only to leap back to $7,165.26 as of press time.
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Tough times at the moment. I would like to think that the base level would be around $300 at the least, but who knows. We could be heading below that figure over the coming months. I don't think there is anything to be overly concerned about long term, but worth keeping a watchful eye to capitalize on the volatility.
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These are exciting times. The market only moves in 2 directions, so the smart investors are buying as much crypto as we can now and wait a few months for the market to reverse and then we sell. It's simple, but it works :)
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170 USD is the lowest value of Ethereum for now.
I also worry about that value because I also have some Ethereum in my Wallet.