Bitcoin (BTC) and Ethereum (ETH) are moving sideways as DeFi tokens hit new highs. The market update.Ethereum (ETH) is currently hovering between $ 1,600 and $ 1,700. The second largest cryptocurrency fell 1.39 percent in the past 24 hours.In addition, the Bitcoin price is still struggling to recapture the 38,000 US dollar mark. While BTC and ETH are recovering from their last price rally, many DeFi tokens are continuing their upward trend. They are primarily driven by positive comments from well-known investors who are promoting the advantages of blockchain technology and DeFi. In addition, the ETH transaction fees are reaching a new record level, and the Ethereum network is reaching its limits.High transaction fees primarily hurt the average user, but Grayscale and Ethereum supporters also see a positive side in this. Because, according to Ryan Sean Adams, high ether transaction fees would only confirm how extreme the demand for ETH is currently. That would indicate that Ethereum is currently undervalued. In addition, it would also show how great the potential of Ethereum is if scaling solutions can be successfully implemented in the coming months and years.Citing a research paper by Grayscale published this week, Adams claims that Ethereum would actually get cheaper and cheaper if you put market capitalization in relation to the transaction fees generated by the Ethereum network.The so-called price-to-sales ratio (KUV) is also used in the traditional financial world to value companies. The lower the KUV, the more attractive an investment is. While there is currently still a debate about how applicable this benchmark is to decentralized protocols, it sheds new light on Ethereum.According to Grayscale , ETH with a KUV of 0.02 has never been as low as it was in 2021. In addition, Grayscale comments on this fact as follows:A lower KUV suggests that the\u2026<\/p>","protected":false},"excerpt":{"rendered":"
Bitcoin (BTC) and Ethereum (ETH) are moving sideways as DeFi tokens hit new highs. The market update.Ethereum (ETH) is currently hovering between $ 1,600 and $ [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/posts\/3432"}],"collection":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/comments?post=3432"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/posts\/3432\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/media?parent=3432"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/categories?post=3432"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/tags?post=3432"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}