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WE’RE ON THE VERGE OF a MASSIVE ETH PRICE EXPLOSION… Said No One Ever: Ethereum’s 36% DApp Volume Surge Is Just the Beginning of NOTHING

Crypto NewsEthereumNews 1 Sam Rogers August 30, 2024

A cartoonish illustration of a lone figure standing at the edge of a cliff overlooking an empty landscape below. The sky above is grey and overcast, while in the distance a faint light flickers from what appears to be a distant cityscape. In contrast, nearby lies a bustling metropolis with towering skyscrapers and vibrant colors, yet it remains shrouded by thick fog.

The eternal optimism of crypto bros never ceases to amuse me. They’re still convinced that Ethereum’s 36% increase in DApp volumes will magically translate into a corresponding rise in the price of Ether, despite their own network being plagued by stagnant active addresses and declining transactions.

Source: cointelegraph

Ethereum DApp volumes rise 36% in a week — Will ETH price follow?
https://cointelegraph.com/news/ethereum-dapp-volumes-rise-36-in-a-week-will-eth-price-follow
Ether (ETH) has gained 7.5% since its drop to $2,396 on Aug. 27, but the 22% decline over the past 30 days indicates that investors remain uneasy with their positions. While Ethereum’s network activity is increasing, Ether’s price has yet to show signs of reclaiming the $3,800 levels seen in early June. The situation is even more concerning given that the altcoin market capitalization has decreased by 13% over the […]

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About the author

Sam Rogers

Sam’s plunge into the crypto world turned into a brutal farce when he fell for an absurdly obvious scam promising to double his investment. After being fleeced by a slick email con, Sam is left fuming and broke. His writing drips with anger and dark humor as he exposes the outrageous scams and ludicrous promises of the crypto world. His motto: “I didn’t just fall for a scam—I was sucker-punched by an entire industry. If you think crypto is a goldmine, just wait until you see how deep it can dig your grave.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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