• Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News
    BBVA Launches 24/7 Crypto Trading in Europe

    BBVA Launches 24/7 Crypto Trading in Europe

    Canaan's Major Bitcoin Miner Order: A Game Changer for the Crypto Industry

    Canaan Stock Surges on Major Bitcoin Miner Order

    Bitcoin Mining Difficulty Hits Record 150.84T

    Bitcoin Mining Difficulty Hits Record 150.84T

    Swedish Proposal for National Bitcoin Reserve Launched

    Swedish Proposal for National Bitcoin Reserve Launched

    BBVA and SGX FX: Strategic European Crypto Trading Partnership

    BBVA Joins SGX FX for Retail Crypto Trading in Europe

    U.S. Treasury Exempts Crypto from 15% CAMT Tax

    U.S. Treasury Exempts Crypto from 15% CAMT Tax

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar
    VeChain’s Treasury Declines to $167M Amid Market Volatility

    VeChain’s Treasury Declines to $167M Amid Market Volatility

    Charles Hoskinson Receives Recognition in Blockchain's Block of Fame

    Charles Hoskinson Featured in Block of Fame

    BNB Chain Reduces Gas Fees to 0.05 Gwei

    BNB Chain Reduces Gas Fees to 0.05 Gwei

    Potential ASTER Listing on Binance Sparks Speculation

    ASTER Tokens Flow Into Binance After CZ’s Endorsement

    Avalanche Treasury Finalizes $675M Merger with Mountain Lake

    Avalanche Treasury Finalizes $675M Merger with Mountain Lake

    Avalanche Treasury and Mountain Lake Acquisition Finalize Deal

    Avalanche Treasury Secures $675M Deal for AVAX Expansion

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

Did Ethereum (ETH) Reach The Bottom Price At $170?

Solomon M. by Solomon M.
October 2, 2018
in Altcoin News, Ethereum
ethereum leads altcoin

The decline in the price of Ethereum (ETH) surpassed the $170 mark on September 12 – sinking to $166. Ever since then, Ethereum has indicated signs of recovery through its momentum and volume, rallying from $166 – $230 in a period of 30 days. On September 23, the price of ETH hit $255.

Could the drop be over?

The sudden explosion of Initial Coin Offerings (ICOs) last year made many crypto market analysts to attribute the decline in the price of ETH to the sell-off of Ethereum holdings by projects that have raised millions through ICOs.

According to Diar’s research, most Ethereum-based projects are holding close to $720 million worth of ETH in their Ethereum treasury. Filecoin, Kyber, Iconomy, Gnosis, Tezos, Aragon, Status, Golem and DigixDAO are all sitting on top of more than $10 million, with Golem and DigixDAO both holding more than $70 million.

On October 1, however, according to new research from BitMEX, ICO projects have not lost a coin despite the huge price drops in cryptocurrency prices since early this year. The study reveals that the fall in the value of ETH this year did not impact blockchain projects. Therefore, the recent drop in the value of Ethereum cannot be solely associated with the speculated sell-off of ETH projects, the BitMEX team concluded.

Was the narrative wrong?

This year alone, ETH saw its value dipping by 74% (from $780 in April to $200 in September. At the same time, the price of Ripple (XRP) plummeted by over 75% (from $1 to $0.25). Last month, XRP initiated an extraordinary corrective rally as its value skyrocketed by almost 100%.

The price of ETH also rallied, but the increase was not as big as that of XRP. Most people attributed Ripple’s price surge to positive news about its products, such as xRapid.

It is possible that the decline of the price of ETH was triggered by a normal market movement and not the sell-off of blockchain projects.

Tags: BitMEXCryptoEthereumEthereum (ETH)RippleRipple (XRP)
Previous Post

Monero Launches Initiative to Combat Cryptocurrency Mining Malware

Next Post

Ripple: Xrapid Goes Into Production with Three Customers

Solomon M.

Solomon M.

Related Posts

VeChain’s Treasury Declines to $167M Amid Market Volatility

VeChain’s Treasury Declines to $167M Amid Market Volatility

by Adriana M.
October 2, 2025

VeChain reports a treasury dip to $167M, citing strategic investments and market volatility.

Charles Hoskinson Receives Recognition in Blockchain's Block of Fame

Charles Hoskinson Featured in Block of Fame

by Solomon M.
October 2, 2025

Cardano's Charles Hoskinson is recognized in Block of Fame, highlighting his blockchain innovation.

BNB Chain Reduces Gas Fees to 0.05 Gwei

BNB Chain Reduces Gas Fees to 0.05 Gwei

by Solomon M.
October 2, 2025

BNB Chain sets a new minimum gas price of 0.05 Gwei, enhancing affordability and competitiveness.

Potential ASTER Listing on Binance Sparks Speculation

ASTER Tokens Flow Into Binance After CZ’s Endorsement

by Solomon M.
October 2, 2025

ASTER token deposits surge into Binance wallets, hinting at possible listing following CZ's endorsement.

Avalanche Treasury Finalizes $675M Merger with Mountain Lake

Avalanche Treasury Finalizes $675M Merger with Mountain Lake

by Anca F.
October 2, 2025

Avalanche Treasury joins with Mountain Lake to create $1B AVAX securities vehicle by 2026.

Avalanche Treasury and Mountain Lake Acquisition Finalize Deal

Avalanche Treasury Secures $675M Deal for AVAX Expansion

by Solomon M.
October 2, 2025

Avalanche Treasury finalizes $675M deal with Mountain Lake to grow AVAX exposure and institutional access.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.