Ethereum Price drop hard, Why ?

[JNR]

in Few days ethereum price is drop hardly in Bitcoin value, why ?
anyone know the causes ?

Thank you

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[sangkler11]

because cryptokitties issue,they makes ethereum transaction is not going well,so many pending transactions in ethereum blockchain.
don't worry after this issue finished,price growing up again.

[CrowdFunder]

The ethereum network is congested and people have had transactions pending for days. There are around 22000 pending transactions at the moment and it was higher than that a few hours ago. With all the app tokens coming online over the next year it doesn't bode well for ethereum's functionality, hopefully they will implement something to boost transaction numbers soon while we wait for PoS.

[rizkyfebrian213xx]

price ETH/USD is stabil
but just ETH/BTC drop so hard.. exactly, i dont know what happen now
i heard.. more transaction pending in blockchain ethereum, it cause cryptokitties as PONZI
and factor number two is price BTC up so fast.. and its make price altcoin to BTC maybe some coin is down

[crairezx20]

I think you don't understand the market the price of bitcoin is getting increases fast than ethereum look at the coinmarketcap you can see the price of ethereum ETH/USD the price was honestly increasing but its not so high not the same as bitcoin that increases too high from fast week ago.
So we can see the price of ethereum is getting stable increase it would be hard to decrease since there are lots of new comers and mine ethereum i am expecting to the price to increase more..

[SakinaPrincess]

Probably because of kittens transaction issues.

[twobits]

in Few days ethereum price is drop hardly in Bitcoin value, why ?
anyone know the causes ?

Thank you

Many people gets stressed caused by the cat whore on the cryptokitties site. This game just like another plague in the ethereum network. So many people in competition to make the more fast trasaction through put the more fees in their new transaction.

[BitcoinLoan]

I know it is fault cryptokitties issue, but it is a moment when ethereum price going down. Soon its price will come back to normal

[daenarys_stormborn]

in Few days ethereum price is drop hardly in Bitcoin value, why ?
anyone know the causes ?

Thank you

I still do not understand why the price of etherium can go down, and I am still confused with what the cryptokitties mean, hopefully once this issue has passed, etherium can rise again as before

[Sahyadri]

The ethereum network is congested and people have had transactions pending for days. There are around 22000 pending transactions at the moment and it was higher than that a few hours ago. With all the app tokens coming online over the next year it doesn't bode well for ethereum's functionality, hopefully they will implement something to boost transaction numbers soon while we wait for PoS.

Agree with this answer. The Ethereum network has been facinf issues lately like the congestion of transactions and delayed confirmations.
Ethereum has faced these type of network issues in the past giving trouble to ETH users. ETH is adding up new features to it's platform and this might be another reason for the network traffic. It would be wise to stay patient and wait until the network issue is solved and the transactions are confirmed without any hassles.

[kaserya70]

reel para karşılığında alım borsaya satılan etherumdan az olması düşüşe sebep olabilir.

[cbz066]

due to some pending transactions is it possible for price drop, this cause ethereum is falling in price

[cellard]

because cryptokitties issue,they makes ethereum transaction is not going well,so many pending transactions in ethereum blockchain.
don't worry after this issue finished,price growing up again.

The fact that some smart contract to trade virtual kittens is interrupting someone's else serious finances proves once and for all how incredibly retarded ethereum is, and how bitcoin is the only real virtual money.

The only way these "use cases" would be acceptable is through sidechains that don't clutter the main network with such complete nonsense, but then again, Vitalik didn't realize this until it was too late, now he doesn't want to admit his whole scheme is a clusterfuck.

[Glory90]

in Few days ethereum price is drop hardly in Bitcoin value, why ?
anyone know the causes ?

Thank you

Ethereum price dropped from $ 472 to $ 450, this is still normal because the price of cryptocurrency often fluctuates, but Ethereum value in Bitcoin continues to fall due to the rise in Bitcoin prices

[ferrybitcoin.1996]

I think because Cryptokitties Issues, make Ethereum processing transaction super slowly. Many ICO feel same way about the slowly ETH. Hope it can be fixed ASAP, and after it fixed and gone. The price will on the way again.

[LordShanken]

Because few days ago started new website where you can invest your ethereum in cats breed. Look like easy game but it is source all problems with eth

[Ewox]

Because the blockchain is greatly decongested lately especially when Crypto Kitties popped out. And the sudden increase of bitcoin as well might have also have a big impact on Ethereum. I would just hold on to my Ethereum though until they would find a way to clear out the congestion.

[imperatron]

in Few days ethereum price is drop hardly in Bitcoin value, why ?
anyone know the causes ?

Thank you

I think there is just no room to grow for Ethereum because of the hard Bitcoin spikes. The last time Bitcoin spiked that hard, Ethereum needed some extra time to follow.

[IamHigh]

in Few days ethereum price is drop hardly in Bitcoin value, why ?
anyone know the causes ?

Thank you

Bitcoin is rising and some money was shifted to IOTA and Monero projects. This can be the reason behind this decline. Anyway, never worry, it will give you more than it made you lose, I believe.

[Snorren]

Can't the cat game use some child blockchain instead of the main eth chain... Or miners charge extra for cat txs.