Post
Topic
Board Speculation (Altcoins)
Re: Why is Ethereum market value going down?
by
South Park
on 11/04/2018, 21:00:38 UTC
I see the market cap of Ethereum is going down day by day. Could someone explain what is really driving down? Is it due to market FUD or sth different.

it's because the current market conditions are not conducive and many bad news that attack cryptocurrency which eventually a little trading in ethereum which eventually make the volume ethereum to be thinning not only ethereum just seems some coin affected by the reduction of bitcoin price also experienced a reduction in volume trading. hopefully this nightmare does not last long and can make price recovery quickly.
You must prepare yourself and expect the worst, while I will like for the price to recover quickly I cannot see any sign that will happen, the last time there was such a crash after reaching an all time high it took bitcoin years to recover and since most of the market is very dependent on how bitcoin performs then this means that altcoins are going to have a hard time as well.