Ethereum rallies pass $310 with full steam ahead.
The Fomo is real and people are back to buying random digital coins online. In order to get some crazy shit coins they will need Ether. Yes, and why not, the altcoin tulip madness is back as we are seeing coins on Binance like Swipe moon in just days. With no jobs a lot more people are playing with crypto, the tide is rising.
In addition Ether’s rapid ascent to $300 is also receiving a sentiment boost from the news that the total value of funds locked into decentralized finance platforms (DeFi) reached $4 billion today.
Crypto Star Maps teams has found out that the decentralized finance sector has grown tremendously in 2020 as the value locked at the start of the year was slightly below $1 billion.
Our DeFi guide is coming soon.
Price of Bitcoin is also a big factor in the direction Ether is moving, as the rule of crypto dynamics if Bitcoin is moving up so are the alts. If it tumbles so does everything else and everyone jumps to Tether.
Ethereum is the second largest cryptocurrency platform by market capitalization, behind Bitcoin. It is a decentralized open source blockchain featuring smart contract functionality.