Below $300: Ether Price Hits New Low for 2018

Ether, the planet’s second-largest cryptocurrency by market capitalization, dropped to its lowest cost of 2018 on Monday.

At 16:-LRB-*******************************************) UTC through Monday’s trading session, the cryptocurrency dropped under $300 dollars for the first time because November 12, 2017, based on CoinDesk’s Ethereum Price Index (EPI). 

ETH was last observed trading at an average cost of $289. 16, signaling a roughly 9.6 percent decrease as the day’s start.

At media period, ETH is the biggest failure among the best 10 cryptocurrencies by market capitalization and is currently reporting a 7-day reduction of 28. 33 percentage, based on info from CoinMarketCap. Its individual market capitalization also dropped by over $10 billion in this interval.

ETH has effectively erased 100 percentage of its own year-on-year increase and is downward 78percent from its all-time large in 1,337. According into CoinDesk price information, ether was trading in $289. 96 just 1 year ago

The cryptocurrency is just one of numerous programs to see diminishing values throughout the Monday session. Well-recognized cryptos such as EOS, bitcoin money and cardano have seen 24-hour declines in excess of 5%.

The overall market capitalization of cryptocurrencies is down almost $15 billion in its everyday high of $219.4 billion and is presently sitting at just over $205 billion, CoinMarketCap statistics reveals.

Disclosure: The writer holds BTC, AST, REQ, OMG, FUEL, 1st, and AMP in the time of composing.

The pioneer in blockchain information, CoinDesk is a media outlet that tries for the greatest journalistic standards and abides with a strict set of editorial policies.

This post is meant as a news item to notify our readers of different events and developments that impact, or which may later affect, the value of this cryptocurrency described previously. The advice included herein isn’t meant to supply, and it doesn’t supply, adequate information to form the basis for an investment decision, and you shouldn’t rely on this advice for this goal. The data presented herein is accurate only as of its date, and it wasn’t ready by a researcher or alternative investment professional. You should seek out extra information concerning the merits and risks of investing in any cryptocurrency before opting to buy or sell any instruments.

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Original post first appeared in https://www.coindesk.com/below-300-ether-price-hits-new-low-for-2018/

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