Why the “Explosively Bullish” DeFi Trend May Not Stop Ethereum from Breaking Down

Why the “Explosively Bullish” DeFi Trend May Not Stop Ethereum from Breaking Down

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Ethereum’s utility has seen an explosive rise over the past couple of years. Throughout late-2017 and most of 2018, the blockchain’s utility was primarily rooted in the ICO mania that plagued the cryptocurrency market.

This shifted in late-2018, however, as a regulatory crackdown on ICOs across the globe largely put an end to the trend.

Throughout 2019, ETH began seeing a massive influx of…

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