Ether’s Market Value Surges $20 Billion In One Day While Bitcoin Prices Slow–Here’s Why

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Ether’s market value surged $20 billion in one day while Bitcoin prices slow—here’s why:

Ether, the world's second-largest cryptocurrency, is flirting with new highs Tuesday thanks to booming institutional adoption as its larger rival, bitcoin, struggles to pare back massive losses.Key Facts

As of 4:30 p.m.

Ether's surge has been fueled in part by an explosion of decentralized finance on the ethereum blockchain, notes MyEtherWallet chief operating officer Brian Norton, pointing to a 20-fold increase in the value of ether tokens used to back such loans–from $1 billion in February to $20.5 billion currently.

"Ethereum has over five times the number of active developers as bitcoin, and is adding developers at a faster clip every day," adds Norton, noting that an increase in developer activity typically spurs demand for the native token.

 

आपकी टिप्पणी के लिए धन्यवाद। आपकी टिप्पणी समीक्षा के बाद प्रकाशित की जाएगी।

BTC, enigma of the economy system

Hive Blockchain (v.hive) is a big miner of Ethereum and is on a nice run....

Ethereum has always been the soild choice for me, there's soo much upside to it.

thank you very much for your work

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