🪙 'It’s cool to hate Ethereum right now. I bet this ends up looking silly,' Bitwise CIO says
"No one likes Ethereum right now," according to Bitwise CIO Matt Hougan, with the /BTC ratio recently hitting its lowest level in three years below 0.04. But while there are good reasons to be concerned, it offers a potential contrarian bet coming into year-end, he said. Despite a promising start, it has not been the best of years for the second-largest cryptocurrency by market cap, trading up just 1% year-to-date, according to The Block’s Ether Price Page.
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"No one likes Ethereum right now," according to Bitwise CIO Matt Hougan, with the /BTC ratio recently hitting its lowest level in three years below 0.04. But while there are good reasons to be concerned, it offers a potential contrarian bet coming into year-end, he said. Despite a promising start, it has not been the best of years for the second-largest cryptocurrency by market cap, trading up just 1% year-to-date, according to The Block’s Ether Price Page.
Source
🔊 Join @Crypto_Publisher
💬 Contact us @Crypto_Marcus