Tom Lee: Ethereum Still in a Supercycle
BlockBeats News, October 26th, Tom Lee, Chairman of BitMine, the first Ethereum holding institution, stated in a post that "Ethereum (ETH) is still in a Supercycle."
Most of the time, the price "leads" the fundamentals, but there are also times when the fundamentals lead the price.
· Stablecoin demand is surging
· Ethereum transaction volume hits a new all-time high."
In an interview with CNBC, Tom Lee said: "Due to the drive of stablecoins, both the Ethereum Layer 1 and Layer 2 networks are experiencing significant growth in activity, just that this improvement in fundamentals has not been fully reflected in the coin price - market pricing often exhibits a lagging effect. In my observation, the continued rise in on-chain activity actually provides a solid basis for a major market price movement before the end of the year."
You may also like
Gainers
Latest Crypto News
Jump Crypto is suspected to be in the process of swapping a large amount of SOL for BTC, having deposited 1.1 million SOL to an OTC platform.
「100% Win Rate Whale」 Total Unrealized Loss Increases to $11.4 Million
Report: Social Engineering Scams Remain the Biggest Threat to Cryptocurrency Users in 2025
In the last 24 hours, there has been a total of $1.134 billion in liquidations across the entire network, with the majority coming from long positions.
Nordic Bank Nordea Allows Customers to Trade Bitcoin-Pegged Synthetic ETP
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Services:support@weex.com