Will ‘moon-magic’ power Ethereum’s flight past $4.5k in the days to come
Less than two weeks back, the global crypto market had crossed the $3 trillion mark in capitalization. Owing to the recent ruckus, the aforementioned level, however, couldn’t sustain for long. After noting a 6% dip in just the past 24-hours, the market cap reflected a value of $2.47 trillion, at the time of this analysis.
The highlighted downtrend has been led by large cap cryptos. Over the last seven days, all the top 10 coins have shed value in the 14%-20% bracket, with Ethereum being no exception.
During times of uncertainty, people rely on foretellers to predict the future course of action. Since the market is at an indecisive juncture at the moment, let’s delve into the magic of metrics to help us gauge the future of Ethereum.
In a recent
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