ETH soared 9.7%, the cryptocurrency market is finally "bull" up?

巴比特

特邀专栏作者

2020-07-23 11:38 (UTC+8)

This article is about 1060 words, reading the full article takes about 2 minutes

Will the market usher in a big bull market next?

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Will the market usher in a big bull market next?

Editor's Note: This article comes fromBabbitt Information (ID: bitcoin8btc), Compilation: Overnight Porridge, released with authorization.

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Babbitt Information (ID: bitcoin8btc)

With a cloud-piercing arrow, thousands of troops will meet each other!

At around 6:30 am on July 23, Beijing time, in just 10 minutes, the price of the second largest cryptocurrency ETH (Ether currency) skyrocketed from $245 to $269, an increase of 9.7%.

This is the highest price of ETH since February. In March this year, after the new crown epidemic swept the world, the global asset market suffered a major blow, and ETH also experienced a sharp drop as a result, falling as low as $95.

Driven by ETH, mainstream cryptocurrencies such as BTC and BCH have also experienced a wave of growth, which is particularly important after eleven weeks of sideways trading in the cryptocurrency market.

secondary title

In the past two months, the concept of decentralized finance (DeFi) has become increasingly fanatical, and related DeFi tokens have also experienced explosive growth. However, ETH, which is the basis of DeFi, has not appreciated for a long time, which makes many participants in the industry feel uncomfortable. untie.

However, some people in the industry believe that the current value of ETH is undervalued. Before ETH skyrocketed today, Bankless partner Ryan Sean Adams expressed his opinion:

"Staking+DeFi's demand for ETH is far greater than that of ICO. It is ridiculous that ETH is only $243 now."

This represents a common opinion among Ethereum enthusiasts, who believe that the impact of DeFi on ETH is positive.

secondary titleEthereum 2.0 mainnet launch is approaching, market expectations lead to skyrocketing?Of course, this news has already been reported as early as yesterday. It seems that the short-term outbreak of ETH has nothing to do with it.