The November crypto crash has had a very hard impact on Ethereum. Most famed as ‘the second biggest cryptocurrency in the world’, during the crash XRP flew past ETH, bringing it down to a more humble third place. Indeed, with the full effect of the crash now looming over the markets, Ethereum remains the third biggest cryptocurrency by market capitalisation, no longer second from top.
In terms of value, the crash has had a great impact too, prior to the start of the crash, Ethereum registered values of around $220.00 on a regular basis, although during the depth of the crash, Ethereum dipped below $104.00, losing over 50% of its value in around 20 days, leaving investors a little winded. As a result of this, people have lost a lot of money. Those who bought in recently have surely lost 50% of their investment, those who bought in even earlier when the price of Ethereum was much higher however have lost significantly more.
Even so though, with so much loss in mind, new research has found that during the crash, Ethereum holders have been more generous than ever when it comes to making Ethereum donations. People are literally giving Ethereum away.
According to CCN, WeTrust have carried out some research into the sorts of charitable donations that have been happening within the Ethereum blockchain.
Who are WeTrust?
WeTrust are a United States based blockchain firm that makes the most of blockchain technologies by providing financial services to a range of clients. Whilst research isn’t their primary focus, from recent reports we can see that WeTrust are putting a particular focus on carrying out further research with regards to behaviour on the blockchain. According to the WeTrust website:
“Digital technology has enabled revolutionary changes,