-21%! Why analysts are still bullish

Ethereum in the cryptocurrency -21% in 24 hours!  Top analyst Bullish

Ethereum has lost most of the major cryptocurrencies in the recent cryptocurrency. However, analysts are optimistic that Ethereum can soar to new heights. So should you buy Ethereum now?

Ethereum is hit harder than Bitcoin

Crypto investors still need strong nerves at the moment: The last few days of cryptocurrency are still raging and destroying huge capital. The entire crypto market is currently only worth $ 1.19 trillion – that’s one Fall of 14.82% in the last 24 hours.

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The crash is not limited to altcoins or large-cap cryptocurrencies, on the contrary. All coins experience heavy losses: Bitcoin, for example, has fallen 11.81% in the last 24 hours, Binance Coin (BNB) 19%, Solana even 33.49%.

Ethereum has also been hit hard – much heavier than bitcoin: The leading smart contract platform has fallen by 21.45% since yesterday and as much as 34.85% on the week.

Of course, this had a serious impact on the ETH course: It still hovered around a local high of $ 2,439 yesterday before starting to fall, taking it as low as $ 1,748. Meanwhile, Ethereum has been able to make something up and get to $ 1,896.

The investor mood hits a negative record

The mood among investors has nonetheless set new negative record. “Extreme fear” is indicated, for example, by the “Crypto Fear & Greed Index”, a widely used tool for measuring investor sentiment.

One thing to keep in mind is that panic is gripping the markets right now. Whether there is a rationally understandable reason for this other than the collapse of Terra (LUNA) remains to be seen.

But the fact is: It is precisely in the midst of drastic corrections that the best return opportunities arise. So if you are convinced of the long-term potential of cryptocurrencies like Ethereum, now get one of the best ways to invest in coins in a long time!

Ethereum in particular is in a better position than ever before, To bring profits to investors over the coming months and years. For example, Ethereum currently accounts for 90% of the total NFT market volume – and NFTs are considered one of the most promising sectors in the crypto industry.

Ethereum is also a leader when it comes to DeFi (decentralized finance). At the same time, the smart contract platform is facing its most important update of all: the transition to ETH 2.0. Analysts are confident: This holds a gigantic return potential.

Or to paraphrase top analyst Steven D. McKie:

“ETH and BTC recovery will be overwhelming. Remember to buy those dips.”

Coincierge.de tip: promising DeFi project for portfolio expansion

The crypto markets are recovering, but analysts expect sustained growth in one specific area: so-called decentralized finance (DeFi). A new project is currently attracting attention: DeFi Coin (DEFC) – the symbol of the new decentralized exchange DeFi Swap. It rose sharply when the stock market was launched, but is currently still almost 50% below its record high level in December 2021 (data from Coinmarketcap.com).

This means: If the coin succeeds in reaching the heights, the purchase at these prices can be enormously worthwhile! Particularly bullish for DEFC: The new DeFi Swap Version 3 will be launched shortly – including many optimizations and additional features such as lucrative crypto trading signals, market data, cryptopodcasts and interactive charts!

Buy DeFi Coin now

Last updated May 12, 2022

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