Bitwise: Ethereum Fundamentals Remain Strong, Critics Ignore 3 Key Points
Article is form followin
September 18, 2024
This article is translated by ChatGPT Show original
Bitwise, in a post on the X platform, stated, "Ethereum's slump has attracted some detractors. They overlook these facts:
- More than half of all stablecoins reside on the Ethereum chain.
- Over 60% of DeFi assets are locked on Ethereum.
- Polymarket launched on Ethereum. By the end of 2024, ETH appears to be a potential contrarian bet."
Previously, Bitwise Chief Investment Officer Matt Hougan said that ETH seems neglected now, but its poor price performance may reverse as the year draws to a close.
Source
1. Disclaimer: The views expressed are solely those of the author and do not reflect the stance of Gen3. They are not intended as investment advice.
2. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as investment or other advice.