Continuing to touch the lows of the year, why is Ethereum so?

[ImHash]

There is a competitor for ETH, They call it NEO, I don't know what's the real difference between them but I heard that NEO is better than ETH and it produces GAS for miners, Whatever that is Maybe the money is moving to go to NEO, Who knows, right?
Going down by %82 is too much of a fall, When do you think that ETH can recover? Maybe never.

other altcoins as well as BTC market is in collapse now

Just hodl, In the next decade bitcoin will rise.

[polyballz]

Aside from requests and traders who contribute directly to ethereum prices on the market, the number of tokens that have not been launched, all coins based on erc20 also influence Ethereum's price decline, because the prize hunters who hold the erc20 token also have a great influence on ethereum's presence in the market. I believe if this token is launched and there is also a high demand for it, it will recover slowly.

[negaim]

As compare to BTC ,ETH is still in a good position as per last year.Most of theERC20 based ICO died this year. You want to get profit ,you have to wait .

[Crystalcoin24]

The price drops of Ethereum is frustrating. But i think we have to wait for the perfect time. Ethereum is one of the most promising crypto and we can hope that it can touch 1k USD in next year.

[BitCoinGuy10]

There are several reasons behind the price drops of Ethereum. FUD is one of the major reason behind it as far as i understand. News about regulations, policies, exchange hacks, etc are the main reasons from my view.

[bitfocus741]

I think there are multiple issues which are causing problems in the growth of Ethereum. One of them is there are lots of ICOs which are not fulfilling the project promises. I think it is a major reason.

[larkscrypto]

Now I don’t see any future of Ethereum. Though the whole market was downward for a while but it seems like ethereum cannot recover their price. Investors are also turn back from investing on it so it just becomes shitcoin day by day.

[Eddyc]

There are several factors that affect the price of Ethereum, but the main factor that affects prices and its fall is appreciation and need of GAS, a transaction system that requires a payment to generate a transaction of low or high speed. Another factor that may put investors doubt is the number of scams in the derivatives of this currency or also the lack of innovation for this currency. Remembering that it is still a great investment option despite the criticism.

[SparklesCoin]

I think still there is hope for ethereum. It’s true that the whole market is going down and ethereum is dropping more but still when the market will start rising it will again take over its place I hope.

[chokomenia]

seriously It's so surprising how the eth price dip down so low like that, but this is to remind us how volatile the crypto suppose could be and that in crypto currency anything can happen, so always invest what you are willing to lose.

[BlackRogue]

Ethereum has just become waste of time and money nowadays. It is completely crushing down and no good reason to hit the market. Bitcoin is growing now and investors are shifting here. So ethereum has no future now I think.

[cryptohopes]

The price of Ethereum has touched below $300 in previous months and price has not developed that much since then. I think the other altcoin and Bitcoin have given them a strong competition in this bad period of market.

[guzman]

BTC market has raised a little,hope that ETH will also rise with the market.

[abubakar.tapo]

All. The fall stopped. The market moved in the direction of increasing prices for altcoyins. The ethereum and bitcoin support this trend. Active investment will continue to rise. We are.