Ethereum coin has maintained its price up to some extent. As is clear, that the crypto market is on the verge of collapse and coins are passing through a huge economic downfall. Yet, Ethereum has maintained its value greatly. Crypto market: Ethereum retains its position:
Comparing to other coins, which lowered down its prices on a large scale Ethereum remained moderate. It is going well with the price value of $3,296.81, which is still a dream target for every Cryptocurrency except Bitcoin which ranks first.
Moreover, on the basis of 24 hours observation, its high price is $3,554.02 and its low price is $3,229.55. Thus, the current price is going well. Regardless of comparison with the last days, it is much better. If one tries to make a comparison with the last seven days’ prices, then he will definitely find the coin a loser. Because, comparing to the seven days, it has also lost its position.
Despite this, Ethereum has fixed its position as it ranks second in the Crypto list. On third, we have ADA Cardona which trades with the price value of $76.18B. This needs lots of effort to reach that spot. So, Ethereum, regardless of any fear, can survive smoothly in the market. It will maintain its second position for long in the market. Crypto market: Ethereum retains its position:
In addition to that, for Ethereum first slot is too hectic. Because comparing Ethereum and Bitcoin is identical to comparing Ethereum and ADA Cardona. Ethereum needs to do something out of the box in order to reach the first slot. In fact, it is not a piece of cake. There is a huge struggle behind Bitcoin’s success.
Additionally, on 6th September, its price was $3950.27. Which dropped down on a large scale but it is still good on the base of its rank. Many coins have lost almost half of their worth such as the Shiba Inu coin. Hence, Ethereum is still good comparing to other coins.
Lastly, the market is the same for every coin. However, some coins find it more difficult because of its low number of investors. Every coin needs a strong backup in order to surge in the market. Investors are in deep mental agitation because of the slumped market. Hope so, the market wi retain its normal position. Cryptocurrencies: Ethereum revamps in the digital market, current perspective: