Ethercoin Price Falling-- Are Investors Rightfully Disillusioned?
Ethercoin is an asset backed by the Ethereum project's ethers, which Ethercoin developers purchased during the Ethereum presale. Assuming the developers fulfill their promise, ethercoin holders can redeem their coins at a 1:1 ratio for ethers once the Ethereum project official launches its blockchain. Since its launch, the ethercoin price has been incredibly volatile, bringing huge price swings almost every day. Nevertheless, the ethercoin price has been trending downwards. This price decline might tempt traders to invest on speculation, but investing in Ethercoin is a bad idea. Also Read:....
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