Ethereum's Correction Has Led to Coins Sitting at Losses
π Ethereum's market cap has dropped -36% since its local high just 7 weeks ago. The result has been a stark drop in the amount of ETH tokens in profit since th
Not financial advice. DYOR.
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π Ethereum's market cap has dropped -36% since its local high just 7 weeks ago. The result has been a stark drop in the amount of ETH tokens in profit since their date first mined. On the daily close, we are seeing the lowest percentage in profit in over 4 months, and lowest amount of coins in over 3 months.
The crowd has been notoriously negative toward the #2 market cap as it has under-performed compared to other large caps. With a great deal of FUD and retail traders willingly dumping their tokens, there may be some surprise bounces in store once crypto markets are able to stabilize.
Feel free to monitor Ethereum's supply in profit metrics here, or toggle to other ETH-based altcoins to compare here.
Not financial advice. DYOR.
