While some market participants are panicking amid the recent crash, the most fervent HODLers are buying the dip. El Salvador’s president Nayib Bukele just announced a purchase of another 410 Bitcoin for $15 million. A Nation-State Buys The Dip Bukele announced his recent purchase in a tweet moments ago, faking out some of his followers. The president – known for trading the nation’s Bitcoin from his phone – last purchased Bitcoin in December. After bagging 21 Bitcoin for $1 million,…
Weiss Ratings, a financial agency, shared its take on the role Ethereum plays in the crypto industry. The financial agency stood up to protect the Ethereum blockchain and its ETH coin. Weiss Ratings also rebuked countries like the US and China for wanting to develop CBDCs. The financial agency supports decentralized currencies and not centralized ones.
The crypto rating firm also pointed out that the Ethereum network is expanding the cryptocurrency industry. The agency mentioned some of the leading crypto projects, including Binance, Tron, and EOS, that were initially built on its network. Additionally, Weiss Ratings claimed that the Ethereum blockchain and its coin are fit for creating new projects and trading.
Whales Begin Accumulating Ethereum
Santiment, an analytical agency, recently shared data saying that crypto whales started accumulating ETH on their Twitter account.
The top 100 holders of #Ethereum are once again beginning to accumulate higher percentages of the total token supply, in spite of the ongoing consolidation that has been occurring for the past couple of weeks. Generally, when this kind of accumulation starts to mount, it's a pic.twitter.com/Rr5C8vuE97
— Santiment (@santimentfeed) March 4, 2020
The analytical agency also revealed that the top 100 ETH holders earned higher percentages of the coin’s total token supply.
ETH-based DeFi dApps are proliferating, and thus crypto enthusiasts expect the price of ETH to rally to new highs this year.