For the past two months we have seen altcoins going up considerable and in the Ethereum Token Department most DEFI Dapp Tokens did great bringing Uniswap to the average traders / investors, once again another phase of crypto proves that most of the time being early into a project really pays off but it can also byte you back because of all the initial pump and dumps, with the more time I stay on this market I believe Im starting to be more confident on my trades and investments, Im not a good trader but for the past two years I have spot certain opportunities that have really pay off.
In the current market situation after Bitcoin broke the $10500 mark I think media is not giving proper credit to the one that is carrying the market on its shoulders and really once again starting all this rallies, on 2017 it was Ethereum who brought the easy of use to create an altcoin on top of ETHEREUM there for creating this huge buble of all this projects that all they did was tell promises to investors and bringin more money into crypto but ETHEREUM was not that hot back then because the most famous crypto was still Bitcoin, three years down the line way more ppl know about ETHEREUM and some of the ERC20 Tokens that run on top of ETH, this time its a very similar situation with ETH bringing new money into crypto markets with this new phase of crypto, DEFI Space has brought the attention of many entities with large capital who believe a decentralize financial system could be possible, currently holding about 4.2 billion based on information provided by Messary market analysis, this amount of capital is not that much compare to other assets in traditional markets but its big for crypto since all this capital is concentrated on ETHEREUM tokens.
Bitcoin Stats
Ethereum Stats
Yes its true that to take Ethereum to new all time highs would require way less capital but this was expected since the inception of ETHEREUM, at some point if Bitcoin doesnt evolve as a project meaning new features of something that attract the interest of the masses meaning adoption as a currency that at this point in time I dont see it happening since it has failed to become faster and easy to use, ETHEREUM with all this dapps build on top will attract more ppl and will provide more incetive to investor with large pockets to invest more capital into a cryptocurrency that is way cheaper than Bitcoin.
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