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September was a difficult month for Ethereum

Ethereum fell 13% over the past month, the second biggest drop in all year and just behind the 16% slide in June.

September was a difficult month for Ethereum

September was a difficult month for Ethereum

The data was published by CNBC, which emphasizes that it is difficult to establish fluctuations in this cryptocurrency with any specific event, especially given the rally around cryptocurrencies that has taken place over the last year.

Still, despite a more turbulent September, Ether remains the second largest cryptocurrency in the world by market capitalization, just behind Bitcoin, maintaining an 830% increase over last year.

Ether fell 13% over the past month, the second biggest drop all year and just behind the 16% slide in June.

The data are published by CNBC, which emphasizes that it is difficult to establish fluctuations in this cryptocurrency with any specific event, especially given the rally around cryptocurrencies that has taken place over the last year.

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Still, despite a more turbulent September, Ether remains the second largest cryptocurrency in the world by market capitalization, just behind Bitcoin, maintaining an 830% increase over last year.

In recent weeks, the truth is that the Ethereum ecosystem has been raising some concerns for investors, which may also be translating into the performance of the digital currency.

This blockchain has a long history of scaling issues and its highly unpredictable and often exorbitant transactions have drawn criticism from investors.

Ethereum even went ahead with the so-called “London upgrade” in August, a software update that was supposed to bring down transaction costs but that doesn’t seem to be having the intended effects given its limited effect.

Also in August, and quite unexpectedly, Ethereum ended up splitting into two “chains”, after having detected a bug in the software that most people use to connect to the “blockchain”.

And the problems with the security of Ethereum’s operating system, as well as the fallibility of its “blockchain” come from the past, with a similar episode in April of this year.

As for Bitcoin, Ether’s biggest rival, it also registered a drop of 7% last September, a figure that was below the fall of the cryptocurrency of the “blockchain” network Ethereum.

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