Ethereum has fallen below $2,000 for the first time in a month. HODLers hope that today’s pullback doesn’t signify the beginning of a longer-term bear market.
The world’s second-largest cryptocurrency by market capitalization has fallen briefly below $2,000 before it became accustomed to the price in April—once in mid-April and then again in mid-May—but each dip lasted mere hours.
Ethereum: crypto with honors
Launched at the end of July 2015, Ethereum popularized the smart contract—self-enforcing financial contracts executed on the blockchain.
From smart contracts came NFTs: the unique cryptocurrencies, mostly based on Ethereum, started a craze that helped Ethereum rise to $4,100 this year.
Non-fungible tokens are a popular way to sell digital art, since each token is one-of-a-kind. Beeple sold a collection of JPEGs as an NFT for $69 million in March this year.
This bull run, Ethereum’s smart contracts spurred the development of Decentralized Autonomous Organisa
Źródło: https://decrypt.co/74066/ethereum-plunges-below-2000
