- Buy Crypto
- Markets
- Futures
- Spot
- Copy Trade
WE-Launch
Tom Lee: Ethereum Still in a Supercycle
BlockBeats News, October 26th, Tom Lee, Chairman of BitMine, the first Ethereum holding institution, stated in a post that "Ethereum (ETH) is still in a Supercycle."
Most of the time, the price "leads" the fundamentals, but there are also times when the fundamentals lead the price.
· Stablecoin demand is surging
· Ethereum transaction volume hits a new all-time high."
In an interview with CNBC, Tom Lee said: "Due to the drive of stablecoins, both the Ethereum Layer 1 and Layer 2 networks are experiencing significant growth in activity, just that this improvement in fundamentals has not been fully reflected in the coin price - market pricing often exhibits a lagging effect. In my observation, the continued rise in on-chain activity actually provides a solid basis for a major market price movement before the end of the year."
You may also like
Gainers
Latest Crypto News
In the past 6 hours, the total liquidation of short positions for HYPE has exceeded $12.65 million across the network. The largest HYPE bear whale has reduced its position by $35 million in the past week.
「Top ZEC Short on Hyperliquid」 has once again adjusted their position on MON at the $0.032 price level, now being the biggest Short Whale on MON.
The US Shitcoin Spot ETF Welcomes a Listing Boom, with Over a Hundred ETFs Ready to Launch
Lighter: The Spot Trading Testnet is now live. Feedback is welcome.
After a Failed Attempt to Rob a Cryptocurrency Exchange Following a Simulated Grenade Detonation, a Russian Man Was Arrested on the Spot at the Cryptocurrency Exchange Office
Customer Support：@weikecs
Business Cooperation：@weikecs
Quant Trading & MM：bd@weex.com
VIP Services：support@weex.com
App