Why Did Ethereum Price Drop?



https://www.moneymetals.com/ethereum-price –Ethereum prices crashed hard in 2018. It can be argued the cryptocurrency mania which gripped speculators in 2017 resulted in a bubble. The price simply got too far ahead of the token’s fundamentals, such as adoption and its ability to scale.

The price is also a victim of regulatory concerns. The SEC and other government agencies around the world clamped down hard on ICOs. They seek to protect their turf and that of their friends in traditional banking and brokerage. As result, the flood of money pouring into this unconventional funding method for new companies and projects mostly dried up.

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