Ethereum price plunge: Is the cryptocurrency dead?

[ruthbabe]

Ethereum is down 0.75% to $594.96 today as of this writing. Could you share the reason behind this price drop? Thank you.

Source: https://coinmarketcap.com/

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[pranazzs]

Ethereum is down 0.75% to $594.96 today as of this writing. Could you share the reason behind this price drop? Thank you.

Source: https://coinmarketcap.com/

Many FUDs from BTC or about cryptocurrency, do you already know?
one of them, google has banned Crypto Ad, You can read it at https://cointelegraph.com/news/crypto-market-sees-a-drop-on-google-crypto-ad-ban-fud-despite-adoption-news

[Prettygirl01315]

Please dont FUD on small things this is natural for the cryptocurrencies prices that will go down. Dips are just temporary we just have to wait until may to have the prices go back again

[Piskeante]

the reason is basically that goverments will try to put taxes and regulations to cryptocurrency.

The vast majority of coins are used by drug dealers, big whales, sharks, traders and huge investors that are IN crypto for money, they don't care about technology. If they actually cared, BTC and all other altcoins would have not lost 59% of its value since December.

if they are tracked , they cannot use crypto for money laundering or tax evasion, if goverments and banks are trying to discourage people from entering just by warning with hard regulations and they've succeded, well....there little more to be said.

noone is willing to be identified in a "supposed anonimous coin", paying taxes and suffering from huge drops. Investors are running away like this was bullshit.

The end is near. But not the end holders are willing to see. There will be more blood-bath, that will leave this one as the little billy.

[monalia]

Ethereum is down 0.75% to $594.96 today as of this writing. Could you share the reason behind this price drop? Thank you.

Source: https://coinmarketcap.com/

All the cryptocurrency investors are depends on Bitcoin once it will down all are panic to invest in Bitcoin, Ethereum and all other cryptocurrencies so this is the main reason to drop the Ethereum. Google and FB announce some regulations in the crypto advertisement so it will completely affect the market.

[anthinguy21]

There are a lot of reasons related to this dump, bad news, panic sellers or maybe the whales are trying to collect more ETH before a big pump. There are a lot of bad news are affecting to the whole crypto market from Google, Facebook, China,.....This is the worst time ever for the whole crypto market. I think we only can believe and hope it'll pass asap at the moment.

[soulstreak]

You know what they say... Buy low and sell for high!

This is not a cryptocurrency that I think will die off.  We are looking at a bull run in the near future.

[acha1217]

I don't think so, When Ethereum drop isn't meaning cryptocurrency dead!
The increase and drop of cryptocurrency price that is normal thing in my opinion. because like we all know, cryptocurrency is very fluctuate, we don't know how it in future, even we don't know how it tomorrow.
You can see a few years ago, when bitcoin drop so far, did cryptocurrency die? No, the price is increase to be expensive price.
And need you know, all altcoin influenced by Bitcoin, if bitcoin drop so all altcoin will drop too. And the problem why Bitcoin drop? that because Google and facebook banned cryptocurrency ads, like what our friend explain before.
I think this is not for long time, because we don't need cryptocurrency ads to buy, sell or use bitcoin, so that will not influence Bitcoin later, we still can use it!

[STIKS1911]

On the one side, all the altcoins depend on bitcoin. It's getting cheaper and all the other coins are getting cheaper on all these negative news. On the other side, I believe that this is all done specifically to create panic in the market and everyone sold it. In order to transfer money from weak hands to strong hands.

[acha1217]

I don't think so, When Ethereum drop isn't meaning cryptocurrency dead!
The increase and drop of cryptocurrency price that is normal thing in my opinion. because like we all know, cryptocurrency is very fluctuate, we don't know how it in future, even we don't know how it tomorrow.
You can see a few years ago, when bitcoin drop so far, did cryptocurrency die? No, the price is increase to be expensive price.
And need you know, all altcoin influenced by Bitcoin, if bitcoin drop so all altcoin will drop too. And the problem why Bitcoin drop? that because Google and facebook banned cryptocurrency ads, like what our friend explain before.
I think this is not for long time, because we don't need cryptocurrency ads to buy, sell or use bitcoin, so that will not influence Bitcoin later, we still can use it!

[anhzaibro]

Ethereum is down 0.75% to $594.96 today as of this writing. Could you share the reason behind this price drop? Thank you.

Source: https://coinmarketcap.com/

I think the price of BTC has fallen sharply. And the reason BTC reduction is also the reason why ETH decreased. Tightening the ad is the main reason for that.

[ranman09]

What kind of ads google will be ban? Does this mean that google will not list ICO websites at search? Is it like that?

[jaocoincrypto18]

Ethereum is down 0.75% to $594.96 today as of this writing. Could you share the reason behind this price drop? Thank you.

Source: https://coinmarketcap.com/

Still this price is reasonable and feasible except if you have bought ETH before at higher price like $1,000+ but if you will new to the market then this price performance is just a normal like the other coins in the market like Bitcoin. It just happen that we used to see the price of ETH of $1,000 last year that is why some are confused to see the current difference of the value but we should remember that the ETH price was start to sky rocketing during the 4th quarter of last year so therefore we should wait and see if it will reach ATH again by September and should not ask about the end of the investment.

[Sharpest]

No its not dead I think its a good time to pick up some ETH and hold for a bit!

[sujonali1819]

Ethereum is down 0.75% to $594.96 today as of this writing. Could you share the reason behind this price drop? Thank you.

Source: https://coinmarketcap.com/

Its only for bitcoin price down. When BTC again will touch 12000$-14000$ line then all coin will up not the only ethereum i think. people now in a hesitate with bitcoin because in little bit time many more rumors come about bitcoin. So people are trying to sell their BTC now. I think It will take pretty more time to recover btc price. Then all coin will up again their previous price.

[neli234]

cryptocurrency is the future of the economy 4.0, in the next half century =))

[fatirborju]

The decline was due to investors monitoring the warnings from some regulators and increasing crackdowns on the virtual currency market in China...

[voxdu12]

ethereum is definitely not dead, it's a very successful project, it's just now a period when everyone thinks that everything has died, you just have to wait and we'll all see it for $ 5000

[emmmmm]

I think because ICO market cooled, so the demand of the ETH will fall, so the ETH a drop in prices is normal, I think the price of the ETH still exist certain bubble, so the price is likely to fall further.

[Cryptonium12]

No. Its not dead. And in my opinion cryptos gonna stay here for next 5 years (to be on the safe side). After this dust settles down (the FUD and all the regulations etc.) everything gonna be normal and cryptos gonna be back in action. I hope there won't be pump n dump anymore which will be beneficial for the greater good of cryptos as a whole.