OMG ETHEREUM MARKET COLLAPSES READ ALL ABOUT IT

[morphdog]

After the price of ether (ETH) fell below $2,000 earlier on Monday, Vitalik Buterin, co-creator of the world's second most valuable blockchain Ethereum, saw his net worth plummet.

According to Messari, ETH is trading at $1,938 as of 3:15 p.m. ET, down more than 50% from its all-time high of $4,338 on May 12. The second-largest cryptocurrency's decrease is in line with the rest of the market, as crypto prices have plummeted across the board since news of a fresh crackdown on bitcoin miners in China surfaced.

As of 3:15 p.m. ET, Buterin's two main ether addresses had 325,001 and 1,366 ETH for a total of $632,499,246. According to Messari, the current value of Buterin's assets is $457,500,754 less than the $1.09 billion they were worth on May 3 at 1:30 p.m. ET, when he became the world's youngest crypto billionaire at the age of 27. Buterin had 333,520 ETH worth $1.09 billion when the price of ETH first exceeded the $3,000 mark. Forbes can't explain the difference of 7,153 ETH between his current holdings and those on May 3.

 

[sincerem]

ETH have seen worst price decrease in the last 2 years. The coin was pricing to be stable long time, it gradually went up to $4,300 before crashing down more than -50% since 40 days till now when the bear market started. But no cause to blow alarm, the market is on the rough patch, ETH isn't the only coin affected, others follow suit in the market.

 

[Josemendez]

Well , it is not something very surprising because cryptocurrency is very volatile and presently many coins has experienced dip that has been very huge as well. Bitcoin experience a huge fall as well , falling from $60k to $30 which is almost the same rate as ethereum which fell from $4000 to $2000.
What we only do is to wait for the raining days to come and Ethereum will rise back to it's glory.