Traders Plan for Correction as Crypto Market Falls Below $100 Billion
As a boom in the cryptocurrency market shows signs of slowing, traders are taking defensive measures and hedging their bets.
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Jun 15, 2017 at 9:00 a.m. UTC
Jun 15, 2017
Ether (ETH) is the native cryptocurrency of the Ethereum blockchain, functioning as a fuel for operations within the network. It serves multiple purposes: as a digital currency, it can be bought, sold, and held as an investment; as a utility token, it's used to pay for transaction fees and computational services on the Ethereum network. Ether is integral to running decentralized applications (dApps) and executing smart contracts on Ethereum, providing the necessary resources for these operations. As Ethereum evolves, especially with upgrades like Ethereum 2.0, Ether's role remains central, facilitating not just transactions but also the broader ecosystem of decentralized finance (DeFi) and various blockchain-based applications.