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Home / Technology / It would have been a good idea to cut Ethereum before the fourth quarter of 2019

It would have been a good idea to cut Ethereum before the fourth quarter of 2019



Ethereum is the second largest cryptocurrency in the world after market cap .

It was founded because its co-founders had the need to build a platform that allowed users to write decentralized applications and the Ethereum blockchain to use as a world computer.

Ethereum has been credited with making smart contracts a key element of blockchain conversation and showing the world how blockchain technology goes well beyond the applications of only cryptocurrency can also be used.

[Read: Ethereum had a less than stellar Q3, intense 6 months ahead as ETH 2.0 looms — here’s what happened]

Before we look at the performance of Ethereum in the fourth quarter of 2019, let's remember what happened in the first nine months of last year.

Ethereum's Movements in the First Quarter

Ethereum's p The performance was relatively boring in the first three months of the year.

The retail price was stable and the price fluctuations were largely conservative.

ETH opened in 2019 for $ 137 and, after a long rally, reached $ 156 on January 7, the highest value observed from January to March.

On January 9th Ethereum suffered a months-long downward trend which dropped to $ 102 on February 7th.

The cryptocurrency then recovered in February, almost reaching its January high trade price of $ 155. This was followed by another correction, in which the price fell 20 percent to hit $ 124 on March 3. For the rest of the month he moved around this price and closed the price. Quarter at $ 140.

Ethereum performance in the second quarter

Ethereum ETH had a solid second quarter.

In early April Ethereum recorded a rally that led to 27 percent price increased from $ 139 to $ 177. Unfortunately, this increase in value was short-lived – at the end of the month a market correction attracted the trading price of the cryptocurrency . decreased to $ 150.

Fortunately, the performance of ETH remained unaffected in the long term. In May Ethereum recorded only steady growth which increased by an astonishing 95 percent and exceeded Ethereum's performance in 2019.