The decline has come as ether, the token of the Ethereum blockchains, and other cryptocurrencies have plummeted from record highs little more than a year ago. ETH was recently trading at about $1,300, down 64% from the start of the year when the second largest crypto by market capitalization was still hovering near $4,000. The number of projects built on the Ethereum platform over this period has plummeted as some projects have failed and increasingly risk averse investors have deployed their money at a slower rate than during 2021’s bull market.
Related posts
-
‘$600M Would Buy a Lot of Bitcoin’: Microstrategy Boss Steers Bezos Wedding Drama Toward Crypto
Michael Saylor, co-founder and executive chairman of Microstrategy, brought bitcoin into the spotlight during an online... -
XRP Historic Moment Coming In 2025? This Crypto Exchange Believes So
In the cryptocurrency space, XRP is gaining much attention, and many people are making predictions regarding... -
Best Wallet Raises $5M in New Crypto Presale, Expert Predicts 10x Potential
The Best Wallet ($BEST) token presale continues to attract...