$280: Ether Price One-Month Low

Ether Price

On October 23, 2017, Ether’s price fell to a one-month low.

The ether-US dollar (ETH/USD) exchange rate slid to $275, its lowest value since September 23rd. This cryptocurrency is presently trading at around $285.

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Ether, the cryptocurrency that powers the ethereum blockchain has shed roughly 3.3 percent in the last 24 hours of trading.

Surprisingly, its trading is largely consistent because within the last few weeks it is down 14.97 percent. This information is noteworthy because it largely contrasts Ether’s lightning performance the first half of this year. During its tremendous momentum, it was hypothesized that it could even pass bitcoin in terms of total market cap.

Just before China banned the initial coin offering (ICO) funding model in September, Ether prices hit a record high of $400. Its markets have possible have yet to recover from that blow, seeing as ethereum serves as a platform for funding through ICOs and decentralized application development.

Bitcoin’s prices took a hit from China’s bans but eventually rallied more than 100 percent from its low of $2,979 to record highs above $6,100.

Featured Image: Depositphotos/© Violka08

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