Recently i mentioned Ethereum and its current state in earlier topics. Today i wanted to update you guys on the current price and not only that but also why its taking a nose dive. Ethereum Just went through a hard fork last month and not to long ago is faced a DOS attack. This is causing the price to retreat below what most people are comfortable with. Investors are dumping ETH left and right because they are scared that the price will tank.
If you thought that was bad for Ethereum that is not the worst part. Ethereum offers a public block chain with smart contract capabilities. Developers can design apps and easily distribute them using ETH technology. ! recent bug threatened all of the developers contracts and they are not happy! The price has been falling steady for about 3 weeks and it doesn't show any sign of letting up.
Will this be the end of ETH? I know i've talked it up in the past but i am losing my faith in this alt coin. Just 2 months ago this currency was above 14 dollars per coin and its on its ay to losing 50% of its value if this continues. What can they do to turn this around? They have to fix these fatal bugs as soon as possible and make sure they get these updates under control. They have new competition in town and it will be really easy to knock ETH down, needless to say they better get the fire under them fast and move or they are going to get burned.
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