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.
in my opinion, because of there is no definite Circulating Supply, ethereum is going down.
Not really, as long as the development of ethereum is still going so well and the use of ethereum for ico still continues there is basically will always exist the demands for ethereum. therefore ethereum price could still go up. despite having indefinite supply and i suggest you to read EIP1011