Ethereum's 6.5% Rebound Off This Weekend's Lows Was Impressive. Here Are 2 Factors That Drove This Move.

The world's second-largest cryptocurrency, Ethereum (CRYPTO: ETH) plays an integral role in facilitating decentralized finance applications and supporting the broader DeFi ecosystem. As the base network supporting some of the most renowned and vital applications in the digital assets sector, Ethereum's lead and massive network effects in essentially pioneering the smart contract-enabled DeFi applications that many users now take for granted have created tremendous value for investors over time.Of course, just how richly to value these network effects-that's the tricky question. There are numerous methodologies, and an even broader swath of investors who claim their "tried and true" models work better than others. But the reality is that market sentiment and various macro forces (such as how much capital flows into this sector) can be more essential catalysts than most care to believe.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool