Home Finance Ethereum (ETH) Recovers After Dip to $644 – Bad News Reported

Ethereum (ETH) Recovers After Dip to $644 – Bad News Reported

0
SHARE

Ethereum (ETH) has been listed 2nd by market capitalization on CoinMarketCap.com right behind the top performing Bitcoin. Even though the price has been steady climbing for the last 30 days, the last 7 days has been looked so good.

Reports hit the web in the last 24 hours regarding some issues with the cryptocurrency and that may have been a factor in the price dipping to just $644 per coin.

Batch Overflow Bug Suspends Deposits

The cryptocurrency market has a great community surrounding it, but the downside to that is when the news is bad, it travels quickly. The Batch Overflow bug that caused suspension of Ethereum trading on some exchanges this week caused plenty of debate around the community.

According to online reports, the issues are coming from developers that cannot decide how to coordinate this could lead to more dips in the value.

Trouble Finds Ethereum Developers

For any company in the world, things are not going to end well when the decision makers cannot come to some sort of agreement. If the developers are going to be in disagreement over certain aspects of the digital currency, the coin is going to suffer.

At the end of the day, it is up to one person to make the call whether to continue with the same developers or find new ones that can work together.

The co-founder has boycotted events because of differences with other companies and that might mean it all starts at the top. In a world where the market cap is changing on a daily basis and new crypto coins are being added all the time, making mistakes like this is not going to be good for Ethereum (ETH).

Investors are keeping a close eye on the news cycle for Ethereum and if the disagreements continue within the company, a hard fork is likely to happen, which could spell disaster.