At the end of Q3, the circulating supply of USDT on Tron reached $92.35 billion, surpassing Ethereum.
Arguments on both sides:
Bullish case: The news provides a narrative and could boost interest;
Bearish case: It could undermine confidence, making short-term investors more cautious;
My view: Both sides have a point. What really matters is which way the volume and price action of $ETH go.
$ETH is currently at 2251.21, down 1.29% over 24 hours, with a 24-hour range of 2237.38–2317.84.
Arguments on both sides:
Bullish case: The news provides a narrative and could boost interest;
Bearish case: It could undermine confidence, making short-term investors more cautious;
My view: Both sides have a point. What really matters is which way the volume and price action of $ETH go.
$ETH is currently at 2251.21, down 1.29% over 24 hours, with a 24-hour range of 2237.38–2317.84.
