Ethereum sinks nearly 5 percent as the “Devcon pump” fades

Ethereum (ETH), the world’s second-largest cryptocurrency by market cap, today dropped into the low $180 range for the first time since the start of annual Devcon conference held by the Ethereum Foundation.

Earlier this week, the day after Devcon 5 kicked off, Ethereum shot up to roughly $192 per token. Devcon is a developer conference centered around Ethereum. This year, it’s taking place in Osaka, Japan.

There’s been loads of news from the event, including updates on Ethereum’s planned transfer to a proof-of-stake network, which, in theory, would make it harder for hackers to strike. Read More...

#ETH #Bearish

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