CandleFocus Ethereum Bulls, Buckle Up: VanEck Expert Reveals Crucial Market Update
2024-09-23
Author: Content Editor
The head of digital asset research at VanEck, Matthew Siegel, has discovered that Ethereum has regained a significant market share of fees among fee-based layer-1 blockchains. Ethereum's market share of fees has increased from a low of 9% in late August to the current 40%. This is seen as a positive sign for those bullish on Ethereum, as similar conditions in 2019 marked the bottom of the ETH price. Despite recent declines against Bitcoin and competitors like Solana, Siegel believes that Ethereum could see a renaissance if history repeats itself.
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