Did you know that even with the price of Ethereum falling to $3,337, there are still people who are confident? Well, the crypto market is so full of ups and downs that it feels like a rollercoaster. But the people who understand the subject (the traders) are not worried at all.
Why this?
First, the data shows that the derivatives market is still bullish. They are paying 11% more for futures contracts because they believe the price will go up. Additionally, Ethereum’s decentralized applications (DApps) continue to boom. Even with the global economic drama, the network’s metrics are stable, which is great news.
And there's more:
Remember that story about the dollar rising? It's a bit annoying for crypto, but it's just a moment. The crypto market has survived much bigger turbulences.
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