According to experts, in July, the explosion stock funds on the air recorded a record flow of funds in the amount of $ 5.43 billion, and in August, after a short pause, revenues recovered.
An additional catalyst of the rally was the growing popularity of second -level solutions (L.2) in the blockchain of the Ethereum. She increased the attractiveness of cryptocurrency for investors. Small public companies actively add on their balance sheets, and their total reserves in July exceeded 966,000 ETHwrites The Block.
Demand provides support for asset quotes and reduces the free supply in the market, the interlocutors of the publication said. They believe that at the same time there is a risk of correction of a coin course, if the flow of funds in eth-ETF It will weaken and demonstrate negative dynamics in the next few weeks.
The growing network activity of the Ethereum may not be enough to keep the $ 4000 mark, and the asset needs even greater support from large companies, experts say.
Previously interviewed by The Block, analysts said that July became a month with the maximum number of transactions in the history of the Ethereum network – 46.67 million operations. An increase in activity occurred after the blockchain increased the gas limit of the block to 45 million.
Source: Bits
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