Retention of money in a cryptic currency is usually a little more risky than storage in a bank or as a cash under the mattress. This is true, even if you have invested in a relatively safer crypto investment, such as Ethereum (Crypto: eth)Not to mention fewer projects hosting on his chain.
When there is an unexpected problem in cryptocurrencies that would not happen in the traditional financial sector, it can sometimes be an opportunity to buy an insulting, assuming that the problem will not be permanent.
Can this be the case for Ethereum today? This is very possible, so let’s examine the latest events and put them in the context of a long -term case for the purchase of coins.
Given that the price of Ethereum has been reduced by 8% of February 20, and by 10% in the last three years, it is controversial that the current fall of coin is more than temporary. But the decline of 20 is especially due to one cause: Hack of the Exchange CryptoCurrency Bybit, which happened in the 21st year. It is a fall that could be worthy to buy for the right investor.
According to exchange representatives, about $ 1.4 billion was exhausted from it walletwho had primarily Ethereum and several derivatives. It is unclear whether the funds can either be recovered, although it is already returned to most of your reserves so that it can continue to function as an exchange. Based on the available evidence, the Kripto Cybersecurity Group of Arkham Intelligence identified the North Korean hacker organization called Lazarus Group as perpetrators, using a sophisticated software hak at the Digital Calm Service by Bybit used.
Does anyone really diminish the investment thesis to buy and hold Ethereum? In other words, does this hack make it more likely that investors in the long run are progressing investors invested in the projects of decentralized finances (Dead) chain, meme coin, artificial intelligence coin and other projects?
No, no, although it is very reasonable to expect at least a little short -term hesitant from investors when it comes to buying coins. Crypto currency exchange are hacked and quite often descend in flames, and Fraud and other false activity are common. This did not prevent the sector from growing over time, nor did it cause permanent damage to the chains where it fell the most in the past.
So, the second largest currency cryptocurrency will probably not be expelled from its position soon, even after experiencing the biggest episode of theft in the history of the industry. This means that the current fall is more likely to be an opportunity to buy than the upcoming difficult times.
There is one additional pine with a Nuybit haku worth noting.
According to the Analytical Group of Woblockchain, the funds stolen in Nuybit Hacka were mostly bridged by bridging into another chain, Saltworks(Crypto: Salt)where they were then used as food to start meme coins. Then a large collection of wallets associated with the hacker could buy most of the mema coins supply after they launched and then sold them to complete the washing process. Why would this be a preferred way of having the perpetrators escape?
In short, it is very likely that something that indicates the reason why Solana is a better candidate to buy on the fall from Ethereum. Its price is reduced by 15% of HAKA, mainly as a result (probably temporary) weakness throughout the cryptic sector.
When the hackers wanted to escape with as big as possible than their vicious income, they were encouraged to do so in a way that is both fast and cheap. In comparison with Ethereum, the solane gas fees are much lower, and its transaction times are much faster. When they work with more wallets, such as hackers, and when they need to make a lot of separate transfers, as hackers did, the differences increase as financially significant.
Here are things: the same differences between chains are significant for everyone, including investors, traders and blockchain developers. It is never more appropriate to pay more money for a transaction and wait longer for your actions to be confirmed on the chain. This is a large part of the reason why Solana wins Ethereum in new segments such as infrastructure for AI agents and why he could potentially continue to eat his lunch for years to come.
So, if you were thinking of buying Dip with Ethereum, it’s not bad to do it. Even a smarter idea is to buy Solan’s dip. Just prepare to keep your new tokens through dense and thin for several years, in unlikely to happen that the price drop takes so long.
Have you ever felt like you missed the ship in buying the most successful stocks? Then you will want to hear it.
On rare occasions, our expert team of analyst issues “Double” supplies Recommendation to companies they think will appear soon. If you are worried that you have already missed the opportunity to invest, now is the best time to buy before it is too late. And numbers speak for themselves:
Nvidia:If you invested $ 1,000 when we doubled in 2009,You would have $ 311,551!*
Apple: If you invested $ 1,000 when we doubled in 2008, You would have $ 44,990!*
Netflix: If you invested $ 1,000 when we doubled in 2004, you would have $ 519,375!*
We are currently releasing “double down” warnings for three incredible companies, and maybe there will be no other chance like this.
