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Sentiment alone will carry Ethereum forward….. For Now

Ethereum has been carrying the burden of weak, yet vital, fundamentals for the majority of August. With its value performing exceptionally in the market, most people are overlooking the fact that this was largely possible only due to the involvement of DeFi, and not ETH interest or adoption. Santiment’s latest tweets, however, have re-stated a previous fact once again. Source: Twitter As discussed previously, daily active addresses signifying unique entities in Ethereum‘s ecosystem have enjoyed major price divergence for the entirety of August. These developments have basically meant that the level of activity over the month was short-sided, rather than…

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