You know when you save up money to buy something really cool, but then the price goes up and you give up? Well, that's kind of happening with Ethereum, only in reverse. The price of $ETH has dropped to a measly $3,337 (or R$22,000, if you're converting crazy). Sounds bad, right? But don't worry, it's not the crypto apocalypse yet.
Even with the nearly 10% drop last week, traders (the people who make a living trading these things) remain optimistic. They believe Ethereum can reach $4,000. This confidence comes in part because ETH futures contracts are trading at an 11% “premium.” Translation: People are paying more today because they think it will be worth more tomorrow.
And do you want to know the most ironic thing?
Even gold, which is like the “King of the Valley” of safe investments, fell 4% recently. So, if even gold is suffering, why can't $ETH have its difficult days, right? The good news is that network data shows that people continue to invest in DApps (decentralized applications). This keeps the Ethereum ship sailing steadily.
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