Why the 31% Ethereum Price Drop Is Not as Bad as It Looks

The steep Ethereum price drop over the weekend looked bad - but don't panic, there is a silver lining.

The price of Ethereum fell 31% in three days, slammed by a crackdown on initial coin offerings in both China and South Korea. Most ICOs are based on Ethereum.

The news also took a 25% bite out of the total value of all cryptocurrencies over the weekend.

But this crackdown will work out in favor of cryptocurrencies in the long run...

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