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Why is Ethereum underperforming for last few weeks?



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Becuase of the enormous prosperity and success of Ethereum, many people believed that Ethereum technology is more superior than others. Many news specialists enumerated that Ethereum has the possibility to overtake the market capitalization and consequently, using ethereum’s more versatile and advanced blockchain technology, anyone is able to create their own decentralized applications.

It is prevalent that Ethereum is the second most valuable digital currency, is down 7.62 percent to $799.61 (£576.96). Ethereum touched new highs shortly after bitcoin crossed USD 3,000 in this ongoing week. View more on https://cryptonewstrends.com. Ether, a blockchain-based asset which acts as a fuel operating the distributed application platform Ethereum, has appreciated over 5,000 percent since the start of the year.

Ethereum has been announced much delighting news for their traders and investors and that’s why they have been placed the second position in the crypto world.

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