Why Ethereum is set to rise despite price falls

The era which was started by Bitcoin has begun to gain massive popularity. Now, everybody interested in cryptocurrencies and the number one alternative to Bitcoin? Ethereum.

Ethereum was long tipped to become massively popular - even more than Bitcoin. Many even felt that Bitcoin was no longer the king of digital currencies. 

The market cap of Ethereum was skyrocketing, but suddenly something happened....

Many people started losing "faith" in Ethereum, and Ethereum suffered a significant fall in its price.

Why did people suddenly began to think Ethereum will fail?

THE CRASH

On Wednesday the price of Ethereum plunged from a massive 315 USD to merely 13 USD. Although, the price change was just in a flash many people have started to believe Ethereum as the most volatile currency.

Here is an image to show the price drop:

Why did the price crash occur? 

The crash in Ethereum looks like to have been catalyzed by a  seller who submitted a market order to dispose roughly $30 million worth of ETH (96.1k) in one go, which ravaged the order book.

Here's how a user explains in Reddit: "badly designed ICOs, plus selfish and foolish miners = significant delays and maybe even substantial losses for everyone else."

Many users lost their money who were trading at the very second at GDAX. 

Doesn't this make Ethereum super volatile? NO!

Why? Because like most of the time it's users' fault.  If you suffered a crash loss, it's more of your fault. Many users have been warned to avoid unstable market for trading, but people continue to use them. Users of GDAX ( which happens to be a volatile market) suffered the loss.

Stable marketplaces like Coinbase didn't allow any transaction to occur in the crash period. So, yes a win-win for users at Coinbase.

Why am I so certain Ethereum is all set to rise above Bitcoin?

Massive Support, super amazing team and super loyal followers

Ethereum is unique. The idea behind Ethereum is powerful. There are reasons why Ethereum, through EEA has attracted a vast majority of companies.

Companies like Microsoft backup Ethereum which calls for an un-decremental rise. 

The team at Ethereum is excellent. They are not at all afraid when it comes to updates. The updates are highly tested and reasonable. Ethereum has managed to survive DAO forks, which is is a pretty big deal.

Ethereum is set to gain massive popularity and did I forgot to mention; it's here to STAY.

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