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Cryptocurrency News Video
12-12 [Coin price] exceeded 5,000! ETH activity and institutional demand surge
Dec 17, 2024 at 09:38 pm 加密LEO話不多
Hello, LEO! Today I will introduce the good news about Ethereum. First, the Ethereum spot ETF has attracted funds for 13 consecutive days, with a total net inflow of US$2 billion. Second, the total supply of ETH has reached its highest peak since April 2023, but the burning amount has increased since September this year, creating deflationary pressure. Third, after Trump won the US presidential election, investor sentiment rebounded, rekindling bullish expectations for DeFi. According to a CryptoQuant report, increases in investor demand, on-chain indicators, and network activity will help ETH break through 5,000. This price is close to the all-time high of $5,200 and is also the price top of the 2021 bull market. As more new investors buy ETH at higher prices, the potential price cap will also rise - in the past few months, Ethereum's daily transaction volume has remained between 6.5 million and 7.5 million. Up from the 5 million level in 2023, indicating a significant increase in network usage
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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