Ethereum value halves than a month ago

Ethereum has undoubtedly been the cryptocurrency that has evolved the most throughout the year. At the beginning of the year its value was about 10 dollars. Just five months later, in June, it hit its all-time high of $ 400. But, it seems that the bubble is going to burst because its value is falling and now it is located in less than half of those 400. What has happened?

Ethereum value halves from a month ago

Ethereum has experienced a kind of gold rush. A coin whose value has multiplied over the months. And now, in the last few days, he's fighting to keep the value around $ 200. In addition, the increase in popularity has been accompanied by growth in sales of AMD graphics cards.

End of the Ethereum bubble?

But there are also problems in these aspects. The low availability of AMD cards has led many to bet on NVIDIA. Which has made the price also increase in your case. That high demand stems from how profitable it was to mine Ethereum. But, the falls in recent days are already calling that into question.

In addition, it must also be said that the difficulty of mining has increased by 20% in a few days. So it is not so interesting for many users anymore. Without a doubt, the fall of the virtual currency is worrying for many. It is currently at its lowest level since March.

This is not the end of Ethereum. What many point to is that the end of the days of mining Ethereum has come for great benefits. So it seems that we are facing the end of the cryptocurrency gold rush, at least from Ethereum. What do you think?