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.
That is simply the way to always think in this market and to always have the best decisions to make. One way I started investing was to know the extent of volatility and when I entered the market, knowing how market always behave, I never joined FOMO, and waited for the huge correction back then after the FOMO in 2013 to invest and it was a good call for me.
It is normal to see markets go down and Ethereum is not an exception, so it is always better to always be prepared for the worst in a volatile market which is the reason why those who understood that from the onset always invest what they can only afford to lose.
Did you guys read the news that NASA will be using Ethereum for research purposes in collaboration with University of Akron. I think this is definitely one step more for more credibility of the blockchain and cryptos in general.