(ETH) is the second largest coin by market cap. In mid 2017, most investors seriously considered the possibility of flippening which means Ethereum
(ETH) overtaking Bitcoin
) in terms of market cap. Now, even to their own surprise all of a sudden nobody is talking about Etheruem (ETH) anymore with as much zeal and excitement as before. Before we discuss what went wrong, let us say that Ethereum
was one of the hottest coins last year which did make 100x returns for investors who got in at the beginning of the year and got out at the top. In addition to that, last year we saw one ICO
come into existence after another. There were so many projects built on Ethereum
all of which helped the coin garner more and more attention.
Things took a bad turn in the beginning of 2018. Ethereum
got embroiled in not one, but multiple big issues like scalability, immutability, legal problems arising from Ethereum
based ICOs and POS
vs. POW issues.
Read detailed analysis here: https://cryptodaily.co.uk/2018/04/ethereum-eth-big-trouble/