Ethereum Suffers Worst Month in Nearly 2 Years, SOL Falls Even Harder

Posted on by American Coins & Gold

Ethereum Suffers Worst Month in Nearly 2 Years, SOL Falls Even Harder
Ether (ETH), the native token of the Ethereum blockchain, has suffered its biggest monthly price decline since March 2020, tumbling alongside bitcoin in one of worst-ever starts to a year in cryptocurrency markets.Ether is down 31% in January, while bitcoin (BTC) has fallen 22%.The sell-off also claimed some of the hottest tokens from 2021, in several cases vaporizing half of their market value, or more. Terra’s LUNA has declined 50% in January, while Solana’s SOL has dropped 49% and Avalanche’s AVAX has lost 42%.Bitcoin’s dominance ratio – its share of the overall crypto market capitalization – is sitting at about…