1. Possible approval of Ethereum ETF
Ethereum-based exchange-traded funds are rapidly gaining traction. Canada, which approved them first, has recently been joined by Brazil. SEC USA applications for Ethereum ETFs have been pending for some time, and if approved, capital flow into them is inevitable.
2. Despite the large number of innovative altcoins, Ethereum is still the king of innovation. The recent release of numerous features of the second level only confirms this. EIP 1559 will be implemented as early as August.
3. Hard fork London, which contains EIP 1559 will allow fees to be burned on some transactions. This could turn Ethereum into a deflationary currency. Theoretically it is possible, but in reality it is unlikely to become one. On the one hand, EIP 1559 would reduce miners' profitability, but on the other hand, it would increase the cryptocurrency's investment appeal. It is estimated that the EIP 1559 operation will burn more than 3 million ether in one year.
4. Ethereum 2.0 triple Halving. One important update to Ethereum 2. 0 includes a triple halving of the rewards for miners. This will reduce Ethereum inflation from 4% to 0.5%. Of course, this will not happen immediately, but after some time. Right now, the annual inflation of Ethereum is about 4.5%, when Ethereum is upgraded to version 2.0 it will be about 0.5%. In a year, that equates to three halvings of bitcoin at a time . This is definitely a bullish signal.
5. Shrinking Ethereum reserves on exchanges . Ethereum exchange reserves are shrinking 10 times faster than bitcoin reserves, meaning they are being withdrawn from exchanges and many investors are investing in Ethereum 2.0 staking . But more importantly, Ethereum 2.0 is currently not up and running. Those people who are sending coins to Ethereum 2.0 staking have no way to get them back at this point. It turns out that $13.5 billion simply believes that Ethereum will upgrade to version 2. 0 .
6. Switching to a proof of the steak.
The next big part of Ethereum 2.0 is the move to proof of stake and the most eagerly awaited update could come as soon as this year. the move to proof of stake will change the economics of ethereum from MINE and DUMP to STAKE and HODL.
7. Ethereum can compete with bitcoin . For example every day the ether blockchain has three times as many transactions as bitcoin .
While bitcoin can be seen as an alternative to money, ether is seen as a future technology .
Reason enough to know that this coin has a future.
PS-Entry point is not the best now, but accumulation at different levels in the long term is a winning strategy
Best regards EXCAVO
Ethereum-based exchange-traded funds are rapidly gaining traction. Canada, which approved them first, has recently been joined by Brazil. SEC USA applications for Ethereum ETFs have been pending for some time, and if approved, capital flow into them is inevitable.
2. Despite the large number of innovative altcoins, Ethereum is still the king of innovation. The recent release of numerous features of the second level only confirms this. EIP 1559 will be implemented as early as August.
3. Hard fork London, which contains EIP 1559 will allow fees to be burned on some transactions. This could turn Ethereum into a deflationary currency. Theoretically it is possible, but in reality it is unlikely to become one. On the one hand, EIP 1559 would reduce miners' profitability, but on the other hand, it would increase the cryptocurrency's investment appeal. It is estimated that the EIP 1559 operation will burn more than 3 million ether in one year.
4. Ethereum 2.0 triple Halving. One important update to Ethereum 2. 0 includes a triple halving of the rewards for miners. This will reduce Ethereum inflation from 4% to 0.5%. Of course, this will not happen immediately, but after some time. Right now, the annual inflation of Ethereum is about 4.5%, when Ethereum is upgraded to version 2.0 it will be about 0.5%. In a year, that equates to three halvings of bitcoin at a time . This is definitely a bullish signal.
5. Shrinking Ethereum reserves on exchanges . Ethereum exchange reserves are shrinking 10 times faster than bitcoin reserves, meaning they are being withdrawn from exchanges and many investors are investing in Ethereum 2.0 staking . But more importantly, Ethereum 2.0 is currently not up and running. Those people who are sending coins to Ethereum 2.0 staking have no way to get them back at this point. It turns out that $13.5 billion simply believes that Ethereum will upgrade to version 2. 0 .
6. Switching to a proof of the steak.
The next big part of Ethereum 2.0 is the move to proof of stake and the most eagerly awaited update could come as soon as this year. the move to proof of stake will change the economics of ethereum from MINE and DUMP to STAKE and HODL.
7. Ethereum can compete with bitcoin . For example every day the ether blockchain has three times as many transactions as bitcoin .
While bitcoin can be seen as an alternative to money, ether is seen as a future technology .
Reason enough to know that this coin has a future.
PS-Entry point is not the best now, but accumulation at different levels in the long term is a winning strategy
Best regards EXCAVO
If you want to see my portfolio
1. Register at partner.bybit.com/b/excavo
2. Send your UID to t.me/excavo
3. Get a link to the portfolio
t.me/excavonews
t.me/excavochannel
Admin:
t.me/excavo
1. Register at partner.bybit.com/b/excavo
2. Send your UID to t.me/excavo
3. Get a link to the portfolio
t.me/excavonews
t.me/excavochannel
Admin:
t.me/excavo
13.13 ETH already burned in the first block