Ethereum value drops to a 7-month low as information factors to extra draw back

Ether (ETH) value skilled a 7% decline between Oct. 6 and Oct. 12, hitting a seven-month low at $1,520. Though there was a slight rebound to $1,550 on Oct. 13, it seems that investor confidence and curiosity in are waning, as indicated by a number of metrics.

Some could argue that this motion displays a broader disinterest in cryptocurrencies, evident in the truth that Google (NASDAQ:) searches for “Ethereum” have reached their lowest level in three years. Nevertheless, Ether has underperformed the general altcoin market capitalization by 15% since July.

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