Crypto-currency woot lawn mowers
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The value of a cryptocurrency has fallen as a result of a spike in interest in crypto-currencies.
While there is plenty of activity in the field, the price of one token, the Ethereum, has gone from a relatively high of $400 to below $400 by midday on Tuesday.
That is the same price that investors were paying for the cryptocurrency in February.
Ether has fallen by nearly 80% from its peak of $2,250 on July 25, before dropping back below $500, according to Coinmarketcap.com.
In addition to Ether, many other cryptocurrencies have lost significant value.
For instance, Ripple, which was the second-largest cryptocurrency by market cap, has lost nearly 60% of its value.
Ripple is not alone, as many others have been hit hard.
For example, Ethereum lost around $1,200 from its March peak.
Bitcoin has lost over 90% of value since March.
The volatility of the crypto-currency markets has also caused many to sell their positions.
The crypto-industry has seen many large investors and startups go bankrupt.
That has prompted some to speculate that a lot of the losses could be due to the increased use of cryptocurrencies.
In the end, it will be up to the individual investor to determine if they should take a hit or not.
The value of a cryptocurrency has fallen as a result of a spike in interest in crypto-currencies.While there is plenty…