That is best and simple explanation that institutional investors will lift up ETH prices this time and still people will not understand. Each new bull market has new parameters and new reasons to justify the rises. Ethereum's importance didn't decline and being time tested it is second most desirable market for institutions after BTC to add it to their platforms.
top ten crypto according to coinmarketcap is very important not only bitcoin and eth. bull move could happen in anytime because there are alot of news about crypto prices increment. price of crypto are stable and if bullish move happen then price could go up more then 10% in a week by my point of view.
Yeah prices could go higher anytime but at the moment prices still stable and not moving well but on the other side many coins facing green sign and massive gain today in cardano, tron, raven, maximine and other coins. Did you see, China rated crypto and again Bitcoin downgraded by china.
https://cointelegraph.com/news/chinas-11th-crypto-rankings-eos-first-tron-second-ethereum-third-bitcoin-fifteenth Ethereum at 3rd even Bitcoin standing at 15th position.
Any thoughts about this ratings!
Will that really matter, they are like giving their opinion but in reality, it has no effect on bitcoin.
Still bitcoin is the king and despite how money times it's being criticize or rank lower compared to other coins, it will remain the most dominant coin in the market. It's kind of political if we listen to that ranking, we just follow the trend and the price history, and we will understand how capable bitcoin is.
