RATE Group | Bitcoin and Ethereum Oversold Beyond Fundamentals While Dash Finds Use Case At KFC In Ve…
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Bitcoin and Ethereum Oversold Beyond Fundamentals While Dash Finds Use Case At KFC In Ve…

11 Dec Bitcoin and Ethereum Oversold Beyond Fundamentals While Dash Finds Use Case At KFC In Ve…

Posted at 15:28h in Ethereum News by

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Note: “This analysis is an adaptation from the work of Mati Greenspan, Senior Market Analyst at eToro.

Key highlights:

  • Bitcoin and Ethereum seems to be in oversold territory
  • Fundamentals show a much stronger story the price
  • Dash finds a new use case in KFC Venezuela

Bitcoin and Ethereum oversold beyond fundamentals

The market has witnessed a severe meltdown and doesn’t seem to have found a floor yet. The fear and greed index seems to suggest extreme fear conditions in the market as no one knows where the selling would stop. While a lot of analysts have suddenly turned bearish, Christopher Burniske the renowned Venture Capitalist published a post called “Bitcoin & Ethereum: Prices are Down More than the Fundamentals.” As the title suggests, the post takes a good look at some of the network factors including the supply side (hashrate) and the demand side (daily transactions, functionality, active wallets) for two of the most popular cryptos. Overall, these factors tend to…

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