Co-founder of the second largest cryptocurrency Ethereum’s Joseph Lubin stated that the GA market, it has already been six bubbles, each time followed by growth.
“We have already seen six bubbles, each more epic previous. When they burst, it was a shock, but in retrospect, we see only spikes in the graph. After each bubble, the market was up a new activity and that is what we are seeing now”.
Lubin added that the strong volatility mainly caused by the speculators, so that the growth does not always mean development. He also told me how much effect the fall in his company.
“We are watching price, make assumptions and develop plans for the development. The market behavior is not unexpected.”
Recall that yesterday, August 14, Ethereum eleven hit a new low of us $254.