Analysts predict a rise in the price of Ethereum
The analytical platform Santiment conducted research on the cryptocurrency market and made some interesting conclusions. According to the results, the prices for ERC-20 standard tokens are not related to the rate of Ethereum, as it was some time ago.
BAT and ZRX, which turned out to be a list of Coinbase Pro crypto platforms, do not correlate with Ethereum for two whole months. Although earlier the price change of two tokens and ETH was almost simultaneous. The BAT Token has also been listed recently on Coinbase Pro. And it positively influenced the dynamics of its price. Grew up and ZRX. Santiment analysts also noted an increase in the MKR compared to the ETH.
The fact that many tokens of the ERC-20 standard have gone up on their own without waiting for Ethereum to return to normal indicates that the coins are becoming more independent. The lack of correlation with the Ethereum platform can also be called a sign of maturity of tokens.
According to analysts, the growing price gap between ETH and ERC-20 tokens may indicate a revival of the cryptocurrency market. Consequently, there is a chance to increase its activity in the future. In addition, the researchers expressed the hope that in the wake of the tokens, the course Ethereum will also be tightened.
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