The cryptocurrency market has gone down several leagues below and it seems that digital currency is at the risk of going completely down. Recently we saw Bitcoin values dropping down in the international market. However, it seems that this time yet another crypto coin is about to lose its original place.
According to recent sources, the value of the Ether crypto coin has fallen in the market and this marks the beginning of the downfall of the crypto market. However, on a positive note, gamers can buy the GPUs for gaming and they don’t have to fear the miners for hogging all the GPU supplies.
Ether is currently valued at roughly $1,795, meaning that its price has fallen approximately by 1.1% in the last 24 hours. However, when considering the past week than the value of the coin has come down over 10%. this clearly shows that the crypto boom has subsided as Ether was originally valued at $4,132 price on May 11 which was its peak.
The loss in the value of Ether is a result of various factors, first thing is that the financial market is concerned about the resurgence of COVID-19, and also that the digital currency in circulation could de-stabilize the recovering economy. Another reason is the fall in the value of Bitcoin, as the most famous crypto coin has struggled to maintain its price above $30,000 in recent months.
However, coming to other topics PC builders are quite happy with the fall of Etherium as the mining of the coin requires specific hardware such as many rigs and also power stealing arrangements. But all the etherium mining farms make use of optimized systems. And since the coin is now falling, PC builders can compete with more enthusiasm with the miners to occupy the parts.
With the downfall of the coins such as Bitcoin and Etherium, the prices of the GPUs have started to come down. And though they still cost almost thrice as their original MSRP there is still a glimmer of hope.