Why many ‘investors consider Ethereum a proxy for the altcoin market’

Why many ‘investors consider Ethereum a proxy for the altcoin market’

Ethereum’s price had risen by more than 24 percent when compared to last week. At press time, the coin was trading well above the $3900 mark, having registered an ATH above 4000 a day ago. The largest alt’s market cap was also over $4 billion – another record it recently inscribed.

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