Balaji Srihari, vice president at CoinSwitch, says that Ethereum’s recent rise is affecting the wider crypto market. “A strong rally in Ethereum usually boosts confidence across altcoins, and the broader Web 3.0 ecosystem, since so many projects are built on it, including decentralised finance (DeFi), non-fungible tokens (NFTs), gaming, and layer-2 solutions. It can also bring back liquidity and enthusiasm, which is great. For investors, it is both a signal and an opportunity, but only if they are ready for the swings.”
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