news

bitcoin

1 X bitcoin bitcoin =

Friday

23 October 2020

Cointelegraph Consulting: ERC-20 token's market cap overtakes Ethereum’s

Cointelegraph Consulting: ERC-20 token's market cap overtakes Ethereum’s


smart summary beta

This market cap ‘flippening’ points to the fact that the price of Ethereum has corrected more strongly than the ERC-20 ecosystem and has struggled to bounce back in the immediate aftermath. .

Perhaps unsurprisingly, it was the DeFi-related coins in particular that managed to bounce back much quicker than ETH; according to Santiment’s DeFi watchlist, the collective market cap of DeFi-related assets has grown by +15.6% in the past week alone.

Also, further price appreciation of Ethereum is difficult, because Ethereum’s 365-day MVRV ratio, which — even with the recent correction — presently sits at 1.44, indicating that ETH’s veteran holders are, on average, up +44% on their initial investment.

Goto Full Article

bitcoin bitcoin price

$9106.76

24h

Live Average

bitcoin

News Article Sentiment

positive

Score (0)

Article Metadata

author

site

cointelegraph.com
Market data feeds provided by cryptocompare.com
bitsmart 2018