When the Levee BreaksThe project which made Buterin famous — Ethereum — has (‘as the kids say’) gotten rekt. Reaching highs above $1,400, there was actually a time when many in the cryptocurrency industry believed Ethereum would top Bitcoin as the dominant cryptocurrency. Those sentiments seem silly now, as ‘The Flippening’ is likely never going to happen. When it rains, it pours — and the levee has all but broken when it comes to sentiment surrounding Ethereum. The initial coin offering bubble has burst, putting the ICO factory’s future in jeopardy. Meanwhile, investors are getting impatient and some in the media are questioning whether or not ether (ETH) has any intrinsic value at all.
Patience is a VirtueNevertheless, it’s important to remember that all cryptocurrencies are in the throes of a bear market — were fear, uncertainty, and doubt (FUD) reigns supreme — so it may not be time to sound the alarm on Ethereum just yet. What do you think of Ethereum’s future in the cryptocurrency market? Do you think ether is still a valuable investment? Let us know your thoughts in the comments below!
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