Why Did Ethereum Price Drop?

Published on April 29, 2020

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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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About Sound Money Defense League News

Stefan Gleason is President of the Sound Money Defense League, a national grassroots lobbying organization working to restore gold & silver to their historical role as America's constitutional money. He also leads Money Metals Exchange, a national precious metals dealer with over 50,000 customers. Gleason has frequently appeared on national television networks such as CNN, FoxNews, & CNBC, & his writings have appeared in hundreds of publications such as the Wall Street Journal, TheStreet.com, Seeking Alpha, Detroit News, Washington Times, & National Review.

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