The price of ether has slumped 40 per cent in the past three months as the world’s second-largest cryptocurrency and blockchain battle a “midlife crisis” in the face of competition from rivals.
The token, which represents the Ethereum blockchain, the most widely used in financial markets, has fallen to $2,087 a token. The crypto market has also dropped sharply this year as a rally following US President Donald Trump’s election victory has faded.
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