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Ethereum Depreciates Further, as Investors Lose 16.95% Of Investment

Ethereum Depreciates Further, as Investors Lose 16.95% Of Investment

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Ethereum Depreciates Further, as Investors Lose 16.95% Of Investment

Ethereum Depreciates Further, as Investors Lose 16.95% Of Investment

by iDeemlawful
December 28, 2021
in Business News, Featured
A A
0

Ethereum fell 16.95 percent below it’s All-Time High (ATH) early Tuesday, as the cryptocurrency continued to struggle to top its last milestone amid low confidence among investors community.

Since ETH hit its peak period of $4,865.57, sell off has trailed the crypto, with profit-takers holding down the volatile growth of Ethereum among its digital currency peer.

In the last 24 hours, Ethereum value depreciated by 0.75 percent to clock $4,040.38, but investors investment in ETH dipped by 16.95 percent when the current cost of a coin was pegged to the ATH.

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This is due to the market reducing its offering price as excitement faded in the face of bearish run experienced by Ethereum, which had also traded for as low as $4,036.50 and as high as $4,127.60 within the last 24 hours.

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According to Coindesk, Ethereum value had appreciated by 450.82 percent year-to-date, trading its lowest at $681.11 per coin in the past 52 Weeks, and highest at $4,865.57 during the same period.

As at the time of filing this report, ETH’s market capitalisation was estimated at $477.43 billion, keeping its second most valuable cryptocurrency as the year ran out.

Tags: Ethereum
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