Spotlight Growth
No Result
View All Result
Friday, February 3, 2023
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener
No Result
View All Result
No Result
View All Result
Home Cryptocurrency

Ethereum (ETH) Reeling as Prices Drop Below $200

by admin
September 11, 2018
in Cryptocurrency
0
Ethereum ETH Trading Below 200 Bear Market News

Ethereum ETH Trading Below 200 Bear Market News

The cryptocurrency market is in a state of severe flux – volatility is the norm, but the past few weeks have been a hurricane of peaks and valleys. While some currencies are weathering the storm, Ethereum (ETH) seems to have been blown away. Once easily the second most valued cryptocurrency, ETH is now facing a crisis as the price-per-unit drops below $200.

Source: CoinMarketCap
Source: CoinMarketCap

The most recent drop seems to coincide with miners abandoning the blockchain for greener pastures. This lack of confidence does not bode well for Ethereum – but they are not out of the game by any means. The current bear market refuses to let go, and even Vitalik Buterin himself believes that the days of explosive growth may be over. While this means less stunning profits, it may also allow the industry to shift towards a more sustainable model over time.

Ethereum’s Place in the Crypto-World

Ethereum occupies a unique space within the cryptocurrency industry – their ERC-20 standard is in use by most of the altcoin economy. As such, without a total collapse of the cryptocurrency market, there is little reason to expect that Ethereum will fail. Still, investors have very little confidence that the second-place blockchain will recover in the near future – shorting is at an all-time high and going against Ethereum seems like a safe bet.

Bitcoin may have set the stage for the cryptocurrency revolution, but Ethereum is the fuel that keeps it moving. The entire idea of a decentralized ecosystem of applications and infrastructure comes directly from Ether. The ability for a cryptocurrency to exist as more than just digital money came about in the wake of dApps built on the Ethereum blockchain. While several chains have been touted as the ‘Ethereum Killer’, none are yet in a state to step up – should ETH fall.

The Future of Ethereum

Newer investors may look at the recent drops with a combination of shock and despair – but this isn’t the first, or the worst, price drop in Ethereum history. Last summer, the infamous Ethereum Flash Crash dropped the price from over $300 USD to $0.10 in a matter of seconds. While the ecosystem quickly recovered, this type of volatility is still possible given the relative size of the market.

Ethereum remains one of the strongest cryptocurrencies in the industry. Market cap still places Ethereum at more than twice the overall value of their nearest competitor – $20 billion versus Ripple’s (XRP) $10. The situation looks dire in the short term, but the established infrastructure is unlikely to allow Ethereum’s total failure.

Article By: Adam Stone

Tags: altcoinsbear marketbinanceBitcoinblockchainblockchain newsBTCcoin market capcryptocrypto bear marketcrypto priceCryptocurrencycryptonewscryptotraderdigital currencyemerging growthERC-20ETHEthereumEthereum CrashinvestinginvestmentnewsRippleservicesshort sellersSpotlight GrowthSpotlight Growth Stockstechtokenstradingvitalik buterinXRP
  • Trending
  • Comments
  • Latest
Asure Software NASDAQ ASUR Human Capital Management HCM Industry Spotlight Growth

Asure Software (NASDAQ: ASUR) is Expanding to Meet the Rising Demand for Human Capital Management Software

September 27, 2022
OLB Group NASDAQ OLB Cuentas NASDAQ CUEN Partnership Fintech Spotlight Growth

OLB Group (NASDAQ: OLB) and Cuentas (NASDAQ: CUEN) Team Up to Bring Fintech Solutions to Over 32,000 Bodegas Across the United States

October 6, 2022
Siyata Mobile NASDAQ SYTA SYTAW SD7 VK7 Purchase Orders Spotlight Growth

New Purchase Orders for SD7 Rugged Device, VK7, and Other Accessories Boost Siyata Mobile’s Outlook (NASDAQ: SYTA)

December 14, 2021
Telcoin TEL Crypto Spotlight Growth

Telcoin (TEL) Quietly Leads a Crypto Remittance Revolution

June 15, 2021
Cybersecurity Stocks Coming Into Focus Amid High-Profile Attacks

Cybersecurity Stocks Coming Into Focus Amid High-Profile Attacks

0
Safe-T SFET NASDAQ UN Presentation

Safe-T (NASDAQ: SFET) Has Been Selected to Present at the United Nations’ Office of Information and Communications Technology Event

0
Safe-T Group SFET Q4 FY 2020 Financial Results

Safe-T Group (NASDAQ: SFET) Reports Fourth Quarter and Full Year 2020 Financial Results

0
Safe-T Group NASDAQ SFET FY 2020 Prelim

Safe-T Group Ltd. (NASDAQ: SFET) Estimates Record-High Annual Revenues of Approximately $4.9 Million Representing ~50% Growth YoY 2020

0
Elys Game Technology Corp NASDAQ ELYS Completes Acquisition of Engage IT Services Spotlight Growth

Elys Game Technology Corp (NASDAQ: ELYS) Completes Acquisition of Engage IT Services, a Software Engineering and IT Development Company

February 2, 2023
Tenax Therapeutics NASDAQ TENX US Patent Levosimendan PH-HFpEF Spotlight Growth

Tenax Therapeutics (NASDAQ: TENX) Granted U.S. Patent for IV Levosimendan for Pulmonary Hypertension with Heart Failure and Preserved Ejection Fraction (PH-HFpEF)

February 2, 2023
Versus Systems NASDAQ VS Resolve Debt Partner AI Gamification Consumer Debt Spotlight Growth

Versus Systems (NASDAQ: VS) and Resolve Debt Partner to Integrated Generative AI and Gamification to Customer Payments and Credit Markets

February 1, 2023
Finding the Most Accurate Technical Analysis Indicator Spotlight Growth

Finding the Most Accurate Technical Analysis Indicator

January 31, 2023
ADVERTISEMENT

Recent News

Elys Game Technology Corp NASDAQ ELYS Completes Acquisition of Engage IT Services Spotlight Growth

Elys Game Technology Corp (NASDAQ: ELYS) Completes Acquisition of Engage IT Services, a Software Engineering and IT Development Company

February 2, 2023
Tenax Therapeutics NASDAQ TENX US Patent Levosimendan PH-HFpEF Spotlight Growth

Tenax Therapeutics (NASDAQ: TENX) Granted U.S. Patent for IV Levosimendan for Pulmonary Hypertension with Heart Failure and Preserved Ejection Fraction (PH-HFpEF)

February 2, 2023

Categories

  • Bio/Med/Pharma
  • Cannabis
  • Commodities
  • Consumer Goods
  • Crowdfunding
  • Crypto Cheat Sheets
  • Cryptocurrency
  • Earnings
  • Education
  • Entertainment
  • Financials
  • Market News
  • Opinion
  • Politics
  • Real Estate
  • Split Watch
  • Sponsored
  • Store
  • Technology
  • Uncategorized
  • Venture Capital/Private Equity (VC/PE)

Site Navigation

  • Disclosures
  • Terms Of Service
  • Privacy Policy
  • Contact Us

Copyright © 2017-2022 Spotlight Growth. All Right Reserved. Designed by Cool Cat Interactive.

No Result
View All Result
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener

Copyright © 2017-2022 Spotlight Growth. All Right Reserved. Designed by Cool Cat Interactive.

Newsletter Signup

Subscribe to our weekly newsletter below and never miss the latest small/micro-cap analysis and investment news from Spotlight Growth.

Enter your email address

Thanks, I’m not interested