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is Ethereum Damaged ?

The Daily Leo #561

alokkumar121

Sep 27

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Is Ethereum As "Damaged" as some are left to believe?

Ethereum has done great in the last market cycle and its a strong project in the crypto market. But now its not doing great even after its ETF listing. We have seen how Bitcoin has grown after its ETF approval and listing but ETH has not been following a similar trend. Although we are not in a bull market let's see how it goes when the market is bullish.

FTX is not a new story in the market and we know how this exchange played with user's funds. Now the exchange has been ordered to pay $12.7 billion to customers and the exchange has confirmed that their users will receive 100% of their claims. We know that the FTX collapse was the beginning of a bear market in 2022 and now in 2024 funds recovery is still in process and might take longer than we expected

Scams and fraud in the crypto space are not new but these days the number of cases is growing drastically. Lionsgate Network is a team of analysts who are good at tracing blockchain transactions from the source. The lionsgate team can trace the fraudulent transactions and this is good to have however we need more such engineers in crypto that can help to trace and recover stolen funds.

RPA stands for Robotic Process Automation and this is a form of technology that is used a lot at workplaces for automation. This is a kind of bot that can do repetitive jobs and it can do it better than humans. Although its not too new surely its been more adopted by organisations in recent years. It can be considered a threat to the people who are doing such repetitive jobs and RPA can replace them. Its a good technology and with generative AI its even more effective in various work domains

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