The cryptocurrency market has been all over the place lately with its price movements, and today, most of the top 10 cryptocurrencies are in the red. Today, we’re going to track the latest Ethereum (available on Coinbase) news and Stellar news.
Stellar (XLM) has made a phenomenal rise on the market lately, but it seems that the world’s second largest cryptocurrency, Ethereum (available on Coinbase) (ETH), has dipped to a year-low today.
Ethereum (available on Coinbase) (ETH) Dips Below $300
Source: CoinMarketCapEthereum (available on Coinbase) news today has ETH hitting its year-low of below $300, as the coin took an unexpected nosedive during earlier trading. Ethereum (available on Coinbase) hasn’t traded under $300 since November of 2017.
At press time, Ethereum (available on Coinbase) is trading at $290.24 a coin, down -9.86% in 24 hours. For the week, ETH is down -28.59%, and for the month, the coin is down -32.71%. Year-to-date, Ethereum (available on Coinbase) is down -61.59%.
Ethereum (available on Coinbase) developers are frantically trying to solve Ethereum (available on Coinbase)’s on-going scaling issue, but it seems investors have lost confidence in the coin. This year, however, it has been extremely hard to tell if investors have lost confidence in the project itself or if the coin hasn’t made them the money they were expecting it to make for them.
Many investors entered into the crypto market expecting to make a ton of money—with little research. These sharp falls of digital currencies could very well be investors bowing out of the game because coins aren’t making them what they are expecting them to.