Ethereum Network Usage Hits Record High—But Traders More Bullish on Gold
Ethereum network usage has reached a record high, indicating increased activity and demand for the platform. Despite this surge in Ethereum's utilization, traders are showing a stronger bullish sentiment towards gold as a safe-haven asset. Analysts suggest that the rise in Ethereum usage may not translate into immediate price gains for the cryptocurrency. The divergence in trader sentiment highlights a preference for traditional assets amid economic uncertainties. Overall, while Ethereum's network is thriving, gold remains the favored choice for many investors.
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