When we are waiting for the arrival of the bull market, bear market to 2.0. Since the 11 14 April so far, bitcoin has been plunged 33%, 9 days 36 billion market value evaporated. From the beginning of the highest price decline of 73%, the market value of the evaporation of 213 billion dollars. From the second to third after the fall of the etheric position since Fang 3 months of this year ushered in a wavelet rebound from 5 months has been in a state of fall. Now below $135, from the high down to 90%.
On the one hand, in the bear market environment, using Ethernet technology project workshop the underlying currency less, while the ICO reduction projects, leading to the decrease in demand for Ethernet fang. On the other hand, this also with the aether square community has its own problems are not unrelated. Such as performance due to insufficient transaction congestion, fees are expensive, then to August upgrade delay, and EOS and other competing products are frequent, the cause of the etheric square below the 90%.
The performance is the lack of a little ether criticized by most of the public square. Last December the etheric cat game almost paralyzed the entire system in July this year, Fcoin has launched a “currency transaction digging” and “gem” the etheric Fang fee once again congestion, up to 1.5ETH (about 4374 yuan).
According to Fcoin, the currency rules of the gem cumulative recharge number ranking, digital asset recharge gem only supports ERC20, the project does not need a coin coin fee, only need to recharge amount, who charge more, who is the first to coin. This leads to a multi account recharge, brush volume behavior, resulting in the etheric Fang trading congestion. According to the Etherscan data, there are nearly more than 80 thousand Ethernet orders waiting to be processed. And since the transaction orders in line is still hovering at about 80 thousand.
This greatly shaken the confidence of investors in the etheric fang.
In view of this phenomenon, V God said in August that it would will be announced Plasma (sub chain to chain report way to increase transaction throughput) as a new Ethernet square expansion project, to upgrade. However, due to the internal inconsistency on the upgrade program, has yet to upgrade. In the face of these difficulties, V God again and again in the public square on etheric vision for the future. In Prague in October 30th fourth Ethernet Fang developer conference, V God introduces Ethernet Fang future upgrading scheme. But from the view of currency price, we are not too much response, probably waiting for the arrival of the real upgrade. At the same time, but also to the public platform for the direction of the chain of EOS is because the DPOS mechanism, the Dapp number of users on the chain and its activity is higher than the etheric fang.
In addition, according to the rhythm of block BlockBeats saying the etheric Fang also faces potential risk, namely when the regulation comes, the project requirements forced to liquidate its assets to compensate investors, ETH will face a massive sell-off, then encrypted currency market will really come winter.