The cryptocurrency market is showing signs of recovery after a rough downward spiral last week—but it’s still wobbly.
Even so, veterans in the space are keeping positive: one being Vitalik Buterin, creator of Ethereum, the blockchain powering Ether, the second-largest cryptocurrency by market cap.
“Crypto has had ups before, and it has had downs before, and it will have ups and downs again,” Buterin told Fortune on Wednesday. “The down periods are certainly challenging, though they are also often the periods where the most meaningful projects get nurtured and built.”
Ether dropped below $1,000 last week, and on Saturday, fell to around $897. It has since recouped a bit, currently trading at around $1,149. It’s down about 76% from its all-time high of $4,847 in November.
But Buterin remains confident that the Ethereum ecosystem “will continue becoming a more mature and successful blockchain ecosystem that is ready to meet the hopes and dreams that millions of people have for the...
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