Ethereum had faced considerable losses in the second half of 2017, declining its market capitalization to the level of $40 billion in early December. Since then, its price and the market capitalization bounced back sharply. The rally in its price was supported by the wide acceptance of ethereum in global financial markets.
Mr Nerayoff said: “What you’re seeing with ethereum is exponential increase in the number of projects — there are billions of dollars being poured into the ecosystem right now — maybe 10 times more projects this year than last year, which could easily lead …
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