We believe ETH can still be in its Downtrend, what do you think?

The cryptocurrency rise and fall is one of the most common scenarios, one can witness in the Cryptoverse. Thanks to the immaturity of the cryptocurrency market as it is in the phase of burgeon. According to experts, it has been observed that the cryptocurrency market is very unstable when compared to the traditional stock markets, where the prices of the financial commodities do not fluctuate more than 5 to 10%. It has just been over a decade since the inception of cryptocurrencies, through Bitcoin, and the future years are expected to mark, historic development in the field. Currently many prominent cryptocurrency networks are experiencing dark time as many unexpected issues seems to be rusting the entire system.

Problems in Ethereum future:

The Ethereum blockchain is one such cryptocurrency blockchain platform which has been under the guesstimate that, Ether is actually not an obligation for the sustainment of the Blockchain platform. Many experts have come forward with their hypothesis, regarding this issue, as a result of which many investors as well as normal users have taken stance to abandon the cryptocurrency blockchain platform, due to which ETH is invariably experiencing a downtrend. Below are 10 reasons which support this postulate.

1. Bitcoin is the most prominent reasons that can be quoted for the downfall of all the other Altcoins including Ethereum. It has been observed on a very common basis that Bitcoin plays a major role in deciding the market direction of most of the other Altcoins as it is one of the most dominant one, when compared to all. The world’s most popular cryptocurrency, seems to drag the market behaviour of all the other Altcoins along with it.

2. Similar to Bitcoin Futures, even the Ethereum based Future contracts are to be initiated in the future which would mark a great downfall in the prices of Ether. The value might slip at a very drastic pace if we combine the market factors from the futures market and volatility of the cryptocurrencies.

3. Property tax, VAT, Sales tax, trading tax, etc are some of the major reasons that the adoption of the Ethereum blockchain would invariably be stressed. The taxation on the activities of the Ethereum network would be a great loss to the cryptocurrency traders.

4. The cryptocurrency crash of any other coin apart from Ethereum, creates a Domino effect in the market and the investors along with the traders, start to view the usage of Ether in a very speculative manner. For an instance, if Ripple is a bubble and it bursts due to some reason, then Ethereum would also be very in every dangerous position.

5. It is very well possible, that due to the outage of power across the world and reduced computations dedicated towards Ethereum Blockchain, the entire Crypto network might come to a standstill. This might mark the end of the Ether.

6. Pressure from various government across the world has been very influential in the cryptocurrency space. In particular China and Russia are two of the most controversial government when it comes to the matters of cryptocurrencies. Therefore, Ethereum must maintain a safe distance from them.

7. Popularity in other Ethereum alternatives could lead to the price fall of Ether. Significant advancements have been made in the cryptocurrency space which might leave the Ethereum network behind. Even the incorporation of cryptocurrencies by the dark net markets has imposed a great threat to Ethereum as well as other Altcoins.

8. Banning the Crypto Exchanges or the constant regulation of the cryptocurrencies, in particular, the Ethereum based tokens is a constant threat to the Ethereum community, in general, which has long term impact in the prices of Ether.

9. The ban on the usage of cryptocurrencies in the countries like China, North Korea, etc would have impact on the prices of Ether as most of the Decentralised applications are sourced from such regions.

10. A sudden and unexpected hack on any major crypto exchanges might add-on to the prices of Ether plummeting. As the cryptocurrency market is also very volatile in nature, anything is possible due to various unexpected events. Therefore, the investors and others must brace themselves for the downfall in the prices of Ether.