[2017-06-26]'Flippening' Flop? As Ethereum's Price Pulls Back, Market Remains Bu

[Siren]

'Flippening' Flop? As Ethereum's Price Pulls Back, Market Remains Bullish

After weeks of torrid growth, it seems ether's much-hyped 'Flippening' may be on the verge of falling short.

Just weeks ago, the cryptocurrency that powers the ethereum blockchain looked poised to become the world's largest by market capitalization, making ethereum the most valuable public blockchain. But as the calendar turns to July, that trend appears to be becoming less of a certainty.

After peaking at nearly $415 in mid-June, ether's price declined to roughly $300 yesterday, an approximately 27% drop from its all-time high. Further, with this decline, ethereum's market cap fell to less than 70% of bitcoin's, down from more than 82% mid-month.

http://www.coindesk.com/flippening-flop-ethereums-price-pulls-back-market-remains-bullish/

[Kprawn]

It will go much lower once the rumoured SEC investigations starts. The US {SEC} will only do this, when they start to get complaints from people

who lost money. They can even classify it as a security and then things will become interesting. If it is classified as a security, and they are

trading it without registering it, then the shit will hit the fan. I will most definitely not invest in something with centralized authority, like the

Founders in Ethereum.