Hi me Steemit friends! Today I want to tell you about my analysis Etereum prices.
It seems that the bear market is completely absorbed Ethereum, as evidenced by the drop in prices yesterday by more than 7%.
The main catalyst was the occasional hard fork in which blokcheyn Ethereum was divided. Branching was triggered by an error, which led to a lack of consensus between the two main clients of Parity and Geth. It was the fourth hard fork of the network implemented in less than six months after the fork The DAO, implemented by 20 July 2016.
Although after a hard fork The DAO price quickly began to recover their former positions, surprise was the integration of the ETC to the exchange Poloniex, which brought chaos to market ETH, which lasted until the opening Devcon2 conference.
Since then, the price began to steadily decrease and this decrease was not no end, because the attacker exploited a bug which almost brought to a halt network. On the recommendations of the developers, it was activated two fork held in October and this month, which led to a chance fork last week.
Last Hard fork in the network originated almost seems deprived ETH confidence of investors. And now the community is likely to expect at least some stability at the protocol level.
Another reason for the decline Ethereum prices may be slow or stop the creation of new and DApp Ethereum projects, most of which were launched during his Devcon2. One of the most interesting projects is the Akasha, which includes voting ETH.
Mihai Alisie, founder of Akasha, publicly stated:
"We have made tremendous progress, and so far everything is going according to plan - this week we tested for Mac OS and Windows DApp runs on Linux and Windows, but we still should work out some issues related to the management of Mac OS."
A third reason may be the rise in prices of Bitcoins in light of recent events in China, India, Venezuela, Zimbabwe, Nigeria and other countries. Traders may have moved their capital from Ethereum in Bitcoins, thus lowering the rate of one cryptocurrency and lifting the other.
It is believed that after the spring euphoria, chaotic and productive summer early autumn, investors just wanted a quiet winter, waiting for protocol improvements, stability to return, as well as the creation of larger projects.
Sorry for my English. Sorry for the poor quality photos.
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