There is a reason why ETH is the leader among altcoins. Those who hold ETH will use their ETH as collateral after a certain price increase to borrow USDT from the DEFI market. With that, they will buy altcoins. This is the system.
After ETH reaches its all-time high, those holding a large amount of ETH will use their ETH as collateral to request USDT. This is the source of the ETH-altcoin parallel rise story. That’s when the 10x-20x stories will accelerate....
Show original76.26K
1.1K
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.