$3700! 🚀 Next stop 4000?
After this post was made, there was a slight pullback, and after two days of consolidation, it took off again.
In the past, whenever there was a surge in $ETH trading volume, I would pay special attention, especially since this post had a scale of $4 billion in a day, which was quite significant.
During the two-day holiday, the trading volumes of $XRP and $DOGE even surpassed that of $SOL, and it still is. Several altcoins have maintained their prices, and in terms of DeFi, $PENDLE and $ENA are quite impressive.
Last night, the trading volumes for $ETH and $BTC were $1.7 billion and $1 billion, respectively, and now they are $1.7 billion and $800 million.
The party continues next week. 😎
Set your sights far, the goal for E Guardians is the exchange rate.
This trading volume...
$ETH's trading volume on Binance today has already surpassed BTC's by more than double, exceeding $4 billion in a single day.
BTC's current trading volume is only in third place 😂
I checked all the trading pairs, and including FDUSD, $ETH accounts for 20% of the total trading volume today... It's been a while since we've seen this kind of situation.
How long can this situation last?
Or is it just the beginning now? 😌
@5m5w Are you talking about them? 😂
When people dance on ETH's grave or use mental gymnastics to justify its price action (using metrics that somehow don't apply to other chains) it's probably a good bottom indicator. It's almost as if their opinions are just noise following price.
Some words of wisdom here:
"Make no mistake, ETH as an investment is completely dead" - some guy (IDK who he is)
"it will never trade above 2k ever again" - Memecoin influencer
"soon they'll realize the inflows still aren't coming...aside from desperate ETH VCs" - BTC Maxi (maybe someone can tell them it's primarily BTC mining companies pivoting to ETH strategies)
"Ethereum will go to zero soon...here's why it's a boomer's leftover and what to buy instead" - SOL memecoin trader
One can only hope that as Ethereum continues to gain adoption that people will eventually learn to ignore these VCs/influencers/traders.
$ETH trading volume increased by 25% in a short time.
$BTC rose by about 13%.
Next, we can observe the changes in $SOL trading volume.
58.96K
51
The content on this page is provided by third parties. Unless otherwise stated, OKX TR is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX TR. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX TR is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.