Ethereum Falls to $185: What’s Causing ETH to Drop Harder Than Other Cryptos?
While ETH has rebounded above the $200 mark after an unforeseen recovery of Bitcoin from $6,190 to $6,450, since July, ETH has seen a steeper decline in value than other major cryptocurrencies.
Investors in tokens like EOS, Ontology, ICON, Zilliqa, and 0x had seen massive gains in late 2017, at the peak of the cryptocurrency market.
As the price of ETH started to fall and the cryptocurrency market entered a major bear market, analysts have said that ERC20 projects started to sell their ETH holdings, causing ETH to experience a more intense downtrend than other major cryptocurrencies.
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