Bitcoin (BTC) $0.000055 price It declined to $ 109,500 and is moving to the support point again. The hopes of ascension were undermined in September. We mentioned the risks of September and why it could perform negatively. Well Ethereum (ETH)
$0.000077 What is the situation for? Monthly spot volume has exceeded an important threshold for Ether. Let’s take a look at the current situation of the Altcoin king.
Ethereum (ETH)
Ethereum, the largest subcoin, according to the market value, has reached the record level of all time after all the new surprise. Trump’s attempt to dismiss the Fed member Cook overshadowed the Fed’s independence and made questioning the 55 -year -old central banking story. Of course, this would have at least short -term negative effects. And it happened.
However, after 7 years, Ether has left Bitcoin behind in terms of volume of spot in the central exchanges in central exchanges. During the Hype period last month, ETH created more volumes than BTC. BTC reached a total central exchange of $ 401 billion, while ETH was based on $ 480 billion.
This is not a surprise because we saw it day by day. In addition, the entrances on the ETH channel were extremely strong compared to Bitcoin. The end of the corporate ether reserve story, which began in June, reached the summit last month with billions of dollars of companies such as Sharplink. While the companies planned the investment of tens of billions of dollars, the reserve size of the reserves that rushed to $ 20 billion in a few months was reached. This was very impressive.
Central stock exchanges were the other subcoins that have come to the forefront during August XRP, Dog, left coin.
Ethereum price, future
Paul Howard of Crypto Money Market Maker Wincer’s senior manager, despite the horizontal course this month, is hopeful for the last quarter for ETH. With the descent of interest rates and strengthening the discount expectations for subsequent meetings, it is possible to perform Ether similar to August, especially in the fourth quarter.
“Pay attention to the whale wallets that switch to Ether in this quarter. They are preparing for the last quarter. I expect many factors to help new record levels of all time.”
ETHBTC In the parity, there are no major losses like the situation stable and USD. The 0.039BTC region is preserved, and this indicates that if BTC does not experience shock decreases, it is still a strong potential for ETH. The lock point in the USD parity is $ 4,150.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.