Ethereum is in theory a promising project. In practice, the current number 2 of all the crypto must currencies is still a lot to deliver and improve what will show in the next few months, on the basis of the Updates to Ethereum 2.0. While the Ethereum course has been developed in the last few weeks, quite positive, and something was removed from the big brother, Bitcoin, is this since yesterday’s day end. Of course the collapse of BTCs also Ethereum was in the depth of the tear.What does this mean for the DeFi Trend that has taken according to some statistics, in the last few weeks of travel?
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Ethereum course colored deep red – Minus 8.6% in 24 hours
The entire November was the Ethereum rate relatively stable. While the Bitcoin price dropped after the China Pump is over 40%, slowly but surely, back towards the South, moved to the ETH price between 180 and 190 dollars.Usually BTC has set the direction for the entire market. However, in the last few weeks of the ETH course could solve a piece of the Kings Coin. In addition, the ongoing intensified at the end of the Trend from Defined the Use Case for the Smart Contract platform Ethereum. More and more Defined projects, and the enclosed Ether to take. This caused some of the ETH enthusiasts euphoria.But now, the reality occurs again: the Ethereum course again follows the Bitcoin. After the fall in the share price yesterday, the price for an Ether is currently (at the time of writing of this article), nearly 8.6% on a within the last 24 hours in the Minus. Thus, the Crypto-Asset is ranked with a current price of just under US $ 150.Trading on our brokers comparison-winning eToro. You are looking for a reliable and intuitive Broker to trade crypto-currencies, CFDs, shares, Forex, commodities and more? Then let yourself be in our eToro Test in 2019 all of the features explain, what possibilities are given to you here and where is here the Before – and disadvantages are . eToro Test 2019 read now.
Impact on Defined in view?
However, as the current downward spiral does the Ethereum course with the increasing popularity of “Decentralized Finance” (DeFi)? A quick reminder, or for those who have heard of DeFi still nothing: DeFi the bridge between the traditional financial world and the world of crypto-currencies and Blockchain fails. Classic financial are mapped products as Blockchain applications. In the case of DeFi are involved, among other ETH with Smart Contracts in protocols such as MakerDAO to earn interest.While ETH traders are plagued by the slump, remain the DeFi Parties to bullish. According to “The Defiant” were the today, loans with almost 47’000 ETH (7 million USD) on the third highest level in the past month, with almost 197’were provided for in the 000 ETH (31 million USD) as a security.Around 60% of the credits were running on the remote Stablecoin Dai, is often used to Trade Ethereum with lever or to buy more Ethereum directly. According to the data of the “Defipulse.com” climbed up the total value of the Defined projects included Ether to 4 million and shows an opposite Trend to the Ethereum course.All Ethereum Fans can breathe a sigh of relief, because of the fall in the share price seems to have no negative effect on DeFi. In the long term, an increased Use of Ethereum by DeFi applications could lead to more price stability and greater independence from the Bitcoin exchange rate. Until then, there is still some development work done.
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