Ethereum the second most popular cryptocurrency suffered a big drop in 2018 loosing more than 80% of its value going from $1400 to $83. At the same time in the last months losing the second position in the coinmarketcap.com index. Ethereum suffered a massive sell-0f in summer which was caused mostly from ICOs selling their ETH funds.
But today 2 January 2019 it seems that Ethereum regained the second position and it is changing hands at $150 at the time of writing. Ethereum almost doubled in price in the last 30 days after hitting the $83 mark which is the lowest price for 2018.
Enthusiasm has spread through social media after ETH returned where it belongs.
Ethereum has reclaimed its throne as the second most valuable cryptocurrency in the market, following a 80 percent increase in price in 30 days, from $83 to $150
— Joseph Young (@iamjosephyoung) January 2, 2019
Others say that this will be short-lived until another ICO dumps Ethereum again.
However, in the last 30 days Ethereum is doing a great performance so let enjoy this and maybe if Ethereum continues the uptrend other coins will follow.
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