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1️⃣ Open App → Tap [Square] at the bottom → Click your avatar in the top right
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Ethereum (ETH) has shown strong performance recently, reaching around $3825 as of the morning of July 21, approaching the historical high of $4868.8 set in November 2021. The market's focus is on whether this rise can push ETH to break through the $5000 barrier and create a new historical record.
At the same time, institutional investors are also actively positioning themselves. SharpLink announced plans to issue $5 billion worth of stocks again, and the funds raised will be used to increase their holdings in Ethereum. This move undoubtedly provides additional momentum for the rise of ETH.
From a market capitalization perspective, Ethereum has entered the ranks of the world's 29th largest asset in this round of rise. If it can effectively break through the $5000 mark, its market capitalization ranking is expected to enter the top 20. Analysts generally believe that it is highly likely that Ethereum's market capitalization will exceed $1 trillion in this bull market.
However, investors still need to be cautious. The cryptocurrency market has always been highly volatile. Although the momentum is strong at present, there are many factors that can influence prices. Regulatory policies, the macroeconomic environment, technological advancements, and so on can all have a significant impact on the price of ETH.
Whether ETH can continue its strong performance in the future and break through historical highs still requires close attention to the flow of institutional funds, the progress of spot ETF applications, and overall market sentiment. In any case, Ethereum, as the leader of smart contract platforms, remains a focal point for market attention regarding its development prospects. #以太坊突破3800 #山寨币爆发