CoinsAQ summary · neutral
Multiple factors fueling Ether’s ‘dismal’ price action — VanEck
What happened
According to analysts at VanEck, Ethereum’s share of decentralized exchange trading volume has dropped from 42% in 2022 to 29% in 2024. Asset manager VanEck outlined multiple factors contributing to Ether’s (ETH) poor price performance in its Crypto Monthly Recap for August.
Related asset context
Not financial advice. News and sentiment can be incomplete, delayed, or change quickly.
Continue researching
Related stories
Bitcoin Reclaims $79,000 After 5% Rebound From Election-Night Low
Bitcoin rebounded from $75,600.64 on election night to above $79,000 on Nov. 4, alongside gains in altcoins, equity futures and gold.
Polkadot lost $1.38 million after hacker exploited security flaw fixed four months earlier
A hacker exploited Polkadot's new dotUSD stablecoin, causing $1.38 million in Treasury losses despite developers fixing the bug earlier.
Mercado Bitcoin Attacker Swaps Tokens for $10.55 Million in ETH, Arkham Says
Arkham says wallets linked to the Mercado Bitcoin attacker received 4,605 ETH through MetaMask swaps as exchange services remain paused.