Crypto Price Volatility (Day 152)
Ethereum price has dropped 25% since the beginning of the month (in just 4 days). Ethereum is still the most popular platform for developers, and DEE platform for blockchain programs. Kinda like the old days, when all the apps were only available on Microsoft Windows, now most of the dApps are built on Ethereum, so I am super bullish on Ethereum--in the long run.
I was concerned when the gas fee went up crazy due to the popularity of DeFi, plus almost all coins are in ERC20 standard, which runs on Ethereum. If each transaction costs upwards of US$10, it will become a huge setback for all the dApps in the ecosystem. I can't wait for Ethereum 2.0 and more side-chain dApps to ease the congestion and continue the run!
The cost of a cryptocurrency depends on many components. Here, not every specialist can make an accurate forecast, since new factors arise every day. If you are interested in this topic, then I can advise you on this online portal https://www.clnsmedia.com/cryptocurrency-regulation-trends-in-2021-2022/ . In my opinion, you will find many answers in this article.
As an investor, you can mitigate the impact of volatility by dollar-cost averaging. I've built an app that automates DCA both into Bitcoin and Ethreum.