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What will be Ethereum's dominance in the DeFi market by the end of 2024?
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Publicly available DeFi market data from websites like DeFi Pulse or DeFi Llama
Story
Ethereum Surges from $2,400 to $4,000 in 29 Days, Back in the Green YTD
Sep 23, 2024, 04:48 PM
Ethereum (ETH) has shown significant growth, with its price increasing from $2,400 to $4,000 in just 29 days in March. The cryptocurrency is now back in the green year-to-date (YTD), with analysts reassessing its value on how much a $300b chain can afford. ETH is considered the only truly decentralized money in decentralized finance (DeFi), as stablecoins can be blacklisted or shut down by their issuers. The market capitalization of Ampleforth (AMPL) is positively correlated to ETH dominance, and the next expansionary phase is expected to be parabolic. Ethereum is bouncing from a legendary support line, and many believe it to be the native economy of the internet.
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