Ethereum Traders Buy the Dip as Solana Stablecoins Soar. Will $BEST Go Bullish?
Ethereum saw some huge sales in early trading on Monday 25 % beginning price fell That day.
This fall is the result of the location of the whale wallet at the $ ETH liquidation. For example, two dormant wallets sent $ 149 million and $ ETH $ Eth to Bitfinex. These wallets were the most active in 2019, when they evacuated $ 77,736 ETH.
During this period, AAVE also saw some fast liquidation, totaling about 200 million US dollars.
Most of these liquidation are obtained by packaging $ ETH ($ WETH), showing the bases of $ ETH in the field of DEFI and Crypto Lending. Therefore, the total value lock (TVL) of $ ETH Defi also dropped from $ 63B to $ 54B.
This fall is similar to the autumn of August 2024, which is caused by the restrictions restricted by the yen carrying trade. $ ETH fell to $ 2,112 at the time.
However, in just 17 weeks, Ethereum rolled back and passed $ 4K. Therefore, the recent autumn is not over. It should be regarded as a good correction of the market.
When put together, the whale purchased a total of $ 50,429 in autumn. This has inspired the hope of recovery among long -term holders. Many whales do “buy dipping sauce”, signals Long Road in EthereumEssence
Solana’s upward journey
As Ethereum found herself in the turbulent waters, Sorana has been making significant progress.
Solana Stablecoins doubled in January, from $ 5.1B to $ 11.4B. This huge surge can be attributed to increasingly popular coins on the Internet.
Since Trump launched his own Solana commemorative object Solana’s Stablecoin supply has increased by more than 73 %Essence Interestingly, Circle’s $ USDC is the most popular Stablecoin on the chain with a value of $ 9.25B.
This accounts for more than 80 % of all Stablecoin transactions on the Internet.
In contrast, in the chain stores such as Ethereum and TRON, Tether’s $ UDST is the most important Stablecoin, with the value of $ 65B and $ 60B, respectively.
It is worth noting that $ USDC is the fastest growing Stablecoin in 2024 with a speed of 78 %. The current valuation is $ 53B, and the distance from UDST is still $ 139.5B.
However, Circle has made great progress to narrow this gap. It has recently lived on Aptos Mainnet.
Seeing the growth of Stablecoins and the growth of the cause of the US President’s own coin, it can be said that the future of Altcoins has a bright future.
If you are still looking for opportunities to invest The best cause coinWe have something that suits you– The best wallet tokens ($ Best)Essence
What is $ best?
this The best wallet tokens ($ Best) It is a popular internal cause coin The best wallet applicationThis is a one -stop destination for all your encryption needs.
The wallet provides more than 60 encrypted chain access permissions, allowing you to manage all holdings in one place.
$ Best token is the best wallet application on steroids because it can unlock some serious allowances in the best wallet ecosystem.
For example, token holders can get high α pre -sale as soon as possible before living for the public. This enables investors to jump early Hope cottage coinEssence
You can find these token-$ Pepu and $ Catslap in the “upcoming token” labels in the best wallet for a long time in investors.
And, as the best holder of $, you can also benefit from lower trading costs.
In addition, this non -monitoring platform does not require KYC, so it can be used simply and quickly.
Early adopted $ Best You can also win the reward of making money with 189 % of APY. It is worth noting that developers have only retained 8 % of the 10B tokens for this, which indicates that their focus is on long -term adoption and reward.
Why do you invest in $ best?
Except for all the token you get, The best wallet application There is a bright future. Its goal is to capture 40 % of the 10B $ 10B non -monitoring crypto wallet market at the end of 2026.
In addition, so far, it has gone to talk and has received more than 500,000 households and more than 250,000 daily active users.
this The best wallet tokens pre -sale It is also very popular. Within only 14 days after the release, it managed to raise $ 1 million. As of now, the project has raised $ 9 million and found itself The best encryption pre -sale Walk around.
Oh, wait until you hear the future of the project. Developers have a lot of things in the pipeline, including Sorana’s integration ($ SOL) and launching the best seamless encrypted payment card.
The project also establishes partnerships with applications such as Staking, Igaming, project directory, news and DEFI. This will really make The best wallet application A one -stop solution is also the only encrypted wallet that anyone will need.
At present, it is only available at a price of $ 0.02385. The price of $ Best will rise in less than 12 hours, so please hurry up and Buying $ best At the lowest price.
In the end, it is not the most unimportant thing. Before investing in the encryption market, make sure to study themselves because they may fluctuate.
In addition, this article is not a substitute for professional financial advice. We recommend that you consult your consultant before taking action.
