Ethereum Foot, who works as a major institution of Ethereum Community, is currently facing criticisms from the ongoing controversies and communities over leadership. Despite this, the foundation from its treasury Ethereum The sale of it has continued. Amidst these controversies, the Foundation sold and 100 Eth through Cow Protocol, which is raising many questions in the Crypto Market. Is this sales pressing on the prices of Etreum and what can have its effects in the future? In this article, we will discuss these events in detail.
100 eth sales of ethereum foot
Ethereum Foot has recently sold from its treasury and 100 Eth. The sale was done through the Cow Protocol, with the price of these 100 Eths 307,893 DAI. In this month, the Foundation has so far sold ETH worth more than $ 13 million, which has increased selling pressure in the market. This sales of Ethereum Foot are not only a matter of concern for investors, but it is also affecting the Crypto Market.
Impact on crypto market
Despite the sale of Ethereum Foot, the Crypto market has declined even further. In the last 24 hours, the price of Ethereum (Eth) has declined by 7%, and is trading around $ 3,000. simultaneously, Bitcoin Also fell to $ 99,000, which saw a negative feeling in the market. This decline has also affected many Altcoins, whose prices have fallen into double digits.
The decline was caused by a sudden sale off that came in the morning on 27 January, which caused heavy damage to the market. About $ 660 million positions became liquidate and the series intensified before the US market opened.
Ethereum Value Prediction and its price
Despite the sale of Ethereum Foot and the fall of the Crypto market, the future of Etreum is still uncertain. Although there is volatility in the market, some significant changes made by Vitalik Buterin to improve Ethereum may affect the price in the future. With the development of ethereum, its network can also be better, which may be beneficial for long-term investors.
Conclusion
Ethereum foot sales and fall in prices with it have increased selling pressure in the market. However, this decline can be temporary and the future of Etreum indicates long-term development. Investors should understand these events and decide between the instability of the crypto market while being cautious. Ethereum and other cryptocurrency are expected to improve future, which can improve prices in a long time.
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