Ether drops below $3,800, but traders are unwilling to short at current levels -Breaking
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Ether is a sandstone mineral.ETHOn Nov. 10, ), the all-time high of $4,870 was reached. Bulls don’t have much reason to rejoice. Dec.’s 18% drop in price has overshadowed the 290% year-to-date gains. However, the network value of’s smart contracts (TVL), increased ninefold to $155 Billion.
Looking at the past couple of months’ price performance chart doesn’t really tell the whole story, and Ether’s current $450 billion market capitalization makes it one of the world’s top 20 tradable assets, right behind the two-century-old Johnson & Johnson conglomerate.
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