On a day where major cryptos remained subdued close to weekly lows, traders instead turned to on-chain DEX markets in their hunt for top crypto gainers today. Even on a good day for the broader crypto market, the top crypto gainers on any given day are normally to be found in the DEX markets. That’s because the cryptos trading on DEXs on blockchains like Ethereum and Solana are usually very illiquid. And that means that a relatively small amount of buy or sell pressure can result in big price swings. On-chain DEX markets have a strong appeal to traders, given stories of traders posting 100x or more gains and getting rich from a small investment. But readers must remember that these occurrences are exceedingly rare.
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Ethereum's recent price dip is not unprecedented in the volatile world of cryptocurrencies. Like Bitcoin and other digital assets, Ethereum has experienced significant corrections even within broader bull markets. While these downturns can be jarring, they also highlight a fundamental truth about investing in this space: Volatility is the norm. Historically, Ethereum has recovered from these setbacks, often rebounding to reach new all-time highs. For example, during the 2021 bull run, Ethereum's price fell by a whopping 45% on May 17, only to reach its current all-time high of $4,891 just a few months later in November. Had investors purchased at the bottom of the May correction, they would have seen a commendable 160% gain. While hindsight is always 20/20, history has shown that when market sentiment is dominated by uncertainty and fear, that is usually when the most compelling buying opportunities arise.
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hi
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