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Ethereum, the second largest cryptocurrency in the world, continued to plunge in price over the weekend following the network’s highly publicized technical change known as ‘the Merge’ last Thursday as well as comments from the head of the Securities and Exchange Commission that ether might need to be a treated as a security.
Ethereum is currently trading at roughly $1,290, down over 11% from 24 hours ago, while bitcoin, the most popular crypto in the world, is also down 8% to just $18,420.
Cardano is down 80% from a year ago while Solana is down 78% from a year earlier.
Either they’re extremely lucky or this entire thing is a Ponzi Scheme.
Everything is down not just on the day but over the past week too.
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