Digital Currency Ethereum Plunges 20%

Published on: 18 Jul, 2017

A 20% fall on Sunday gave rise to concerns about the future of digital currency Ethereum. There have already been many speculations circulating about the future of rival Bitcoin and this sudden dip only served to add more conjectures into the mix.  Ethereum was down by 22% since Saturday and touched a low of $130.26 This was the lowest it had hit since May 27th. Compared with its June 12th performance, when it hit its highest point at $420, the digital currency has gone down by about 60%.

Many factors lead to the dip

According to digital currency experts and trade analysts, the dip in value cannot be attributed to one single factor. They believe that a host of factors have played spoilsport and affected the currency's value. The speculation that there may be a split in Bitcoin in the offing is touted to be one of the factors that pulled down Ethereum. Another factor is the belief that blockchain startups may be selling off Ethereum in the coming weeks in bulk. Since these start-ups have accumulated quite a substantial amount of Ethereum, a sudden, mass sell-off is bound to affect the value of this currency quite adversely. Some 1.2 billion dollars worth of Ethereum is said to have been accumulated in this way and $600 million of this has been added in just over the past month.

Pullback is the reason for the dip, says Bitcoin expert

According to Andreas Antonopoulos, who has written the book  'Mastering Bitcoin', the dip in value is the result of a pullback. He points out that over the last two years, the values have been skyrocketing. A fast-paced increase to the tune of some 1500 percent has been witnessed here over this period and the last three months have seen some rapid action too. The current dip is just a pullback from this growth, he says. Talking about the rumors about a Bitcoin split and the impact of these on the Ethereum value, he writes it off as a mere trigger for the corrective action.

More will be known about the Bitcoin split by August 1st when the improvement proposal is all set to kick in. If the proposal does not get approval from the majority of developers, then a potential split on the digital currency may be in the offing, leading to a temporary freeze on Bitcoin trades.

Ratings

Ratings
  • 3050Views
  • 58Comments

Recommend to Friends

  • facebook
  • Twitter
  • google plus
  • pinterest
  • Digg
  • stumbleupon
  • Reddit
  • linkedin

Danny Abramov

Email: danny@financialinsiders.com

@Newsletter

Sign Up for Weekly Updates

Opt-into our eNewsletter NOW! For the Latest Trending Financial News Topics in Cannabis, Tech, Biotechs, Precious Metals, Energy, Renewable Energy and much more!

Related Posts

21 Jun, 2017 3107
26 Jun, 2017 5981
09 Aug, 2017 11918
12 Oct, 2017 3921

58 Comments

Gregoryhaura

Apr 06, 2023 at 02 02 am


Very good stuff. Thanks a lot.
what is the best online essay writing service https://essayservicehelp.com how to write an abstract for an essay https://buyanessayscheaponline.com

REPLY (0)

HarryDIUPT

Apr 06, 2023 at 02 02 am

You actually reported that really well!
help me write my english essay how have you grown as a writer essay what should i write my college essay about write me an essay

REPLY (0)

AndrewAdvog

Apr 06, 2023 at 02 02 am


Nicely put, Thanks a lot!
essay wroter can i pay someone to write my paper for me what to write my college essay on write my research paper for me reviews

REPLY (0)

NathanRof

Apr 09, 2023 at 10 36 pm


Whoa tons of helpful data!
professional college essay writers what should i do my persuasive essay on superior essay writer

REPLY (0)

ScottKit

Apr 10, 2023 at 02 55 pm


You definitely made your point!
panda master casino online online casino best payouts live casino games online

REPLY (0)

Ernestkix

Apr 10, 2023 at 04 21 pm


Thanks a lot. I value it.
can you pay someone to write your college essay cheap essay to buy

REPLY (0)

Hectorinvog

Apr 11, 2023 at 01 36 pm


Lovely material, Thanks!
professional essay writers online writing argumentative essays how to do my essay

REPLY (0)

Hectorinvog

Apr 12, 2023 at 07 48 pm


Many thanks! Terrific information!
do my essay free do my essay online write my essay uk

REPLY (0)

NathanRof

Apr 13, 2023 at 01 11 am


Nicely put, Thanks!
who can write my essay superior essay writer extended essay writer

REPLY (0)

Ernastkix

Aug 05, 2023 at 11 24 pm


Thank you! A lot of advice.
online essay writing services online essay writing services fast essay writing service

REPLY (0)

Hectorinvog

Aug 09, 2023 at 03 13 am


Really a good deal of helpful knowledge.
law school essay writing service english article writing service using essay writing service

REPLY (0)

Hectorinvog

Aug 10, 2023 at 03 17 pm


Many thanks! I like this!
essay writing skills college essay writing services customer service email writing examples

REPLY (0)

Hectorinvog

Aug 11, 2023 at 06 08 am


Cheers! Useful stuff!
same day essay writing service google review writing service college admissions essay writing service

REPLY (0)

Hectorinvog

Aug 11, 2023 at 09 06 pm


You have made your position pretty well.!
best law essay writing service uk resume writing services pro essay writing service

REPLY (0)

Hectorinvog

Aug 13, 2023 at 03 19 am


Many thanks. A lot of knowledge!
essay paper writing services essay writing service malaysia best custom writing service

REPLY (0)

Hectorinvog

Aug 13, 2023 at 06 28 pm


Excellent posts. Regards!
paper writer services custom writing service students using essay writing services

REPLY (0)

Hectorinvog

Aug 14, 2023 at 08 01 am


Thanks, Loads of forum posts!
spanish essay writing service is cheap writing service legit professional resume writing service in pittsburgh pa

REPLY (0)

Hectorinvog

Aug 14, 2023 at 08 56 pm

You actually stated that exceptionally well!
essay writing app smart custom writing service on writing the college application essay

REPLY (0)

Hectorinvog

Aug 15, 2023 at 10 04 am


Seriously quite a lot of amazing tips.
wikipedia article writing service telemarketing script writing service college application essay writing service

REPLY (0)

Hectorinvog

Aug 15, 2023 at 11 21 pm


Really a lot of awesome facts!
wikipedia article writing service telemarketing script writing service essay writing rules

REPLY (0)

Hectorinvog

Aug 16, 2023 at 12 42 pm


Truly a good deal of terrific info!
english writing editing service homework writing help service essay writing service uae

REPLY (0)

Hectorinvog

Aug 17, 2023 at 02 12 am


Very good postings. Kudos.
professional resume writing service new jersey music essay writing paper writer services

REPLY (0)

Hectorinvog

Aug 17, 2023 at 04 02 pm


Many thanks. Loads of knowledge!
cheap law essay writing service uk best resume writing service reddit reflective essay writing services

REPLY (0)

Hectorinvog

Aug 18, 2023 at 05 27 am


Wow all kinds of great knowledge!
best canadian essay writing service linkedin profile writing service australia uk essay writing service reviews

REPLY (0)

Hectorinvog

Aug 19, 2023 at 06 45 am


Regards. Loads of posts!
importance of essay writing creating a thesis thesis proofreading service in usa thesis format thesis service essay service review can someone write my essay first essay writer write my essay for me no plagiarism why do i like my school essay

REPLY (0)

Hectorinvog

Aug 20, 2023 at 05 17 am


Nicely put, Appreciate it.
best cover letter writing service order a dissertation online dissertation writing services dissertation definition writing dissertation help essay writing service 3 hours order of dissertation chapters research proposal service dissertation sections dissertation order

REPLY (0)

Hectorinvog

Aug 21, 2023 at 04 02 am


Awesome stuff, Regards!
essay writing service kijiji law essay help njhs essay help paper writing helper essay helper online graduate school application essay writing service need help writing an essay essay on helping the poor apps that help with essays help with writing college application essays

REPLY (0)

Hectorinvog

Aug 22, 2023 at 02 00 am


With thanks. An abundance of data.
custom essay writing services australia custom paper writing services paper writing service same day writing a service learning paper best academic paper writing service resume and cover letter writing service dissertation help service dissertations for sale doctoral dissertation help reference dissertation conclusion

REPLY (0)

Hectorinvog

Aug 22, 2023 at 03 58 pm


With thanks, Plenty of material!
writing a product or service review essay writing sites scholarship essay writing service how to start a writing service best paper writing service fake essay writing service writing service for research paper us based research paper writing service economic paper writing service buy paper online

REPLY (0)

Hectorinvog

Aug 23, 2023 at 12 22 am

You actually explained this adequately!
writing an argumentative essay about an ethical issue writing my paper for me who will write my paper for me write my term paper best write my paper website best essay writing service yahoo answers write my dissertation best dissertation dissertation proposal help best dissertation helper

REPLY (0)

Hectorinvog

Aug 23, 2023 at 02 09 pm


Good info, Kudos!
the best custom essay writing service buy custom papers online capstone paper project writing service pay to have paper written paper writing help service report writing service customer service thesis pdf thesis in essay urban growth and municipal service area phd thesis a good thesis statement for a research paper

REPLY (0)

Hectorinvog

Aug 23, 2023 at 10 56 pm


Effectively expressed certainly. !
paper writing service reviews pay to write paper best paper writing service chicago style reddit best paper writing service online term paper writing service custom essay writing service toronto writing a scientific proposal custom term paper buy a dissertation proposal research proposal writing service

REPLY (0)

Hectorinvog

Aug 24, 2023 at 12 25 pm


Excellent data. With thanks.
essay writing service canada writing a college essay writing a speech for a memorial service ielts writing checking service writing a college essay reference letter writing service website that writes essays for you write my essay today reviews write my essay custom writing do my essay australia

REPLY (0)

Hectorinvog

Aug 24, 2023 at 09 22 pm


Superb stuff, Regards.
online essay writing service help research paper college term paper order custom term paper custom research paper writing services academic essay writing services uk thesis statment thesis papers phd thesis helper my masters thesis

REPLY (0)

Hectorinvog

Aug 25, 2023 at 10 15 am


Nicely put. Cheers!
linkedin writing service uk pay someone to do your essay essay for sale where can i buy a college essay cheap essay for sale cheap custom essay writing services essay writing help online helping essay essays help online mba essay help

REPLY (0)

Hectorinvog

Aug 26, 2023 at 04 06 am


Thanks! An abundance of advice!
card writing service writing a term paper research papers writing service research paper introduction help buy research papers online no plagiarism essay writing service ratings best dissertation help services dissertation experts custom dissertation writing services writing introduction dissertation

REPLY (0)

Hectorinvog

Aug 26, 2023 at 11 28 am


Incredible lots of awesome advice.
reaction paper writing service pay for a research paper buy original essays online essay paper for sale buy custom essay best essay writing service yahoo military service writing pdf us dissertation writing service sat writing essay essay custom writing service

REPLY (0)

Hectorinvog

Aug 26, 2023 at 09 13 pm


This is nicely put! !
dissertation proposal writing service buy papers online prime paper writing service best paper writing services reviews top paper writing service resume and cover letter writing service best paper writing services customer service writing training bachelor thesis writing service extended essay writing service

REPLY (0)

Hectorinvog

Aug 27, 2023 at 05 07 am


Awesome write ups. Many thanks!
essay writer help essay writing service 3 hours essay writer service college essays writing resume writing service new york essay writing service malaysia write a thesis statement. engineering thesis writing service thesis proposal writing service one sentence thesis statement

REPLY (0)

Hectorinvog

Aug 27, 2023 at 04 26 pm


Whoa loads of wonderful knowledge!
legit essay writing service argumentative essay essay on self help is the best help quick essay help help with scholarship essays writing a speech for a memorial service cheap essay for sale pay to write papers pay someone to write my essay buy critical essay

REPLY (0)

Hectorinvog

Aug 28, 2023 at 01 43 am


Terrific write ups, With thanks!
online assignment writing service best dissertation service dissertation help forum components of a dissertation history dissertation help writing essay service essay on sale best place to buy essay buy academic essays college essay for sale

REPLY (0)

Hectorinvog

Aug 28, 2023 at 12 59 pm


Truly quite a lot of valuable knowledge.
free essay writing service uk college essay help help with college essays paper writing helper essay writing service uk essay writing jobs writing dissertation tips phd writer research proposal dissertation phd.research

REPLY (0)

Hectorinvog

Aug 28, 2023 at 10 35 pm


Nicely put. Thanks!
college essay writing hypothesis helper write a thesis statement for your personal narrative thesis paper make my thesis statement professional curriculum vitae writing service how do i get my son to do his homework do my html homework coursework writer uk inspiration to do my homework

REPLY (0)

Hectorinvog

Aug 29, 2023 at 09 33 am


Cheers. Wonderful stuff!
essay writing service singapore good essay writing service ucas personal statement writing service uk essay writing app professional resume writing service charlotte nc should i use an essay writing service ph.d proposal buy a research paper research papers to buy college research paper writers

REPLY (0)

Hectorinvog

Aug 31, 2023 at 07 40 pm


Great forum posts. With thanks!
solicitor will writing service my essay writer login should i sleep or write my essay how do i conclude my essay online essay writer uk wikipedia article writing service custom dissertation writing service best dissertation help services cheap dissertation help dissertation help in dubai

REPLY (0)

Hectorinvog

Sep 01, 2023 at 01 40 pm


Seriously many of awesome info.
professional essay writing services paper writing website can someone write my paper paper writers cheap essay writer website safe essay writing service where can i go to do my homework who can do my math homework didnt do my homework deliberately coursework help

REPLY (0)

Hectorinvog

Sep 04, 2023 at 04 12 pm


Thanks! Quite a lot of forum posts.
writing an expository essay do my sas homework buy coursework online my child refuses to do homework can you help me do my math homework using essay writing service statement of purpose writing service india mba essay writing service cv and linkedin writing service the best custom essay writing service

REPLY (0)

Hectorinvog

Sep 05, 2023 at 08 02 pm


Thanks! I appreciate this.
which essay writing service is the best essay writers service management essay writing service essay help service engineering cv writing service custom essay writing services australia dissertation proposal writing services doctoral dissertation help dissertation proposal help best dissertation service uk

REPLY (0)

Hectorinvog

Sep 06, 2023 at 11 10 am

You actually explained this perfectly.
writing a college application essay buy research papers essay proposals buy college term paper best term paper.com free paper writing service reviews research paper writing service best paper writing service reviews cheap custom written papers collage paper writing service contract

REPLY (0)

Hectorinvog

Sep 07, 2023 at 10 18 am

You actually reported this perfectly.
resume linkedin writing service how to write a scientific paper need someone to write my research paper pay people to write papers persuasive essay writer essay assignment writing service best research paper writing service custom term papers parts of research proposal proposal writer

REPLY (0)

Hectorinvog

Sep 07, 2023 at 10 12 pm


Thank you. Loads of facts.
houston resume writing service research proposal proposal writers buy a term paper help to write research paper reddit writing service dissertation research and writing doctoral dissertation dissertation abstracts search research proposal writers

REPLY (0)

Hectorinvog

Sep 08, 2023 at 06 35 pm

You revealed this really well.
essay writing service employment essay writing help online essay help edu help with writing college application essays help me do my essay writing an expository essay buy custom term paper help on research papers proposal for research paper research projects proposals

REPLY (0)

Hectorinvog

Sep 09, 2023 at 05 53 am

You actually suggested that adequately!
physician resume writing service online paper writer write my paper do my papers write my term paper cheap steps to writing an argumentative essay essay typer satisfaction comes from helping others essay essay help uk help on writing an essay

REPLY (0)

Hectorinvog

Sep 10, 2023 at 01 36 am


Cheers! Fantastic information!
best mba essay writing service my paper writer write my college papers for me paper writer service write a research paper are there any good essay writing services essay thesis the thesis statement usually appears in the these thesis a thesis will

REPLY (0)

Hectorinvog

Sep 10, 2023 at 01 33 pm


Perfectly expressed indeed. !
most reliable essay writing service custom essay writing free cv writing service online college essay writing service near me essay writing service employment freelance article writing service best dissertation writing service buy a dissertation online write my dissertation for me accounting dissertation help

REPLY (0)

Hectorinvog

Sep 11, 2023 at 10 15 am


With thanks, An abundance of tips!
top cheap essay writing service professional college paper writing service buy papers for college online writing papers services paper writing services online job application writing service check paper for plagiarism online free custom writing service best reviewed paper writing service dissertation paper writing services case study paper writing service

REPLY (0)

Hectorinvog

Sep 12, 2023 at 06 55 pm


Fantastic write ups, Cheers!
writing a cleaning service proposal write a research paper for me write a book report for me essay writer com help me write my english essay best cv writing service uk purchase a research paper online thesis research proposal buy term paper research proposal essays

REPLY (0)

Hectorinvog

Sep 13, 2023 at 11 18 pm


Fantastic material. Thanks a lot!
what is the best dissertation writing service research paper writing service review best research paper writing services in usa writing paper services university paper writing service cv writing service cork phd.proposal dissertation writing assistance dissertation research help uk dissertation writing services

REPLY (0)