- Ethereum’s market dominance faces competition as Solana, Avalanche, and Cosmos show substantial growth.
- Ethereum’s price shows a decline, while Solana and Avalanche experience mixed trading activity and liquidations.
- Cosmos and Solana’s derivatives markets reflect decreased activity and market vulnerabilities despite long-term optimism.
Ethereum remains the top dog in crypto development activity, according to market analyst Santiment. However, Solana, Avalanche, and Cosmos are gaining significant ground.
Bookmark the completely FREE @santimentfeed Development Activity Dashboard to keep tabs here: https://t.co/W7iBlWZVIu pic.twitter.com/at8Ub75rx2
— Santiment (@santimentfeed) August 29, 2024
Ethereum currently trades at $2,518.77 with a market cap of $303 billion. Its 24-hour trading volume reached $13.97 billion, despite a 1.49% price dip. The circulating supply sits at 120.3 million ETH. The Ethereum derivatives market shows mixed sentiment.
Crypto trader Bluntz believes Ethereum might be nearing a…
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