Correction
Ethereum price falls below $1.1K and data suggests the bottom is still a ways away
Ether (ETH) price nosedived below $1,100 in the early hours of June 14 to prices not seen since January 2021. The downside move marks a 78% correction since the $4,870 all-time high on Nov. 10, 2021. More importantly, Ether has underperformed Bitcoin (BTC) by 33% between May 10 and June 14, 2022, and the last time a similar event happened was mid-2021. ETH/BTC price at Binance, 2021. Source: TradingView Even though Bitcoin oscillated in a narrow range two weeks before the 0.082 ETH/BTC peak, this period marked the “DeFi summer” peak when Ethereum’s total value locked (TVL) catapulted to $93 billion from $42 billion two months earlier. What’s behind Ether’s 2021 underperformance? Before jumping to conclusions, a broader set of data is needed to understand what led to the 3...
Gani Adams: Nigeria’s 1999 Constitution is satanic
File Photo The Aare Ona Kakanfo of Yorubaland, Iba Gani Adams, has called for the correction of the 1999 Constitution for peace to reign in Nigeria. Adams who described the constitution as satanic added that it is a wrong structure which Nigeria is running on. He said this in an interview on a Channels TV programme on Wednesday. “The major problem now is that Nigeria is being run on the basis of a wrong structure and on the basis of a wrong constitution,” he said. “The constitution of 1999 is wicked, it is satanic. If we don’t correct it, I can’t guarantee that peace will be in this country.” Adams also spoke on the necessity of the notice issued by the Ondo State Governor, Rotimi Akeredolu, which required herdsmen to vacate the forest reserves in the state. “If the Governor did not give t...
