Will Ethereum continue to break through in the future?
Based on the current market environment, Ethereum has great potential to continue breaking through in the near future:
1. Continued expansion of DeFi and NFTs:
Ethereum remains the core platform for DeFi and NFTs. With the ongoing growth of decentralized finance and the NFT market, the demand for Ethereum will only increase in the future. The continuous development in these areas will keep pushing Ethereum's price up.
2. Upgrade to ETH 2.0:
The upgrade of the Ethereum network (ETH 2.0) will further enhance the network's scalability and security, reduce transaction costs, and provide a more efficient working mechanism. This upgrade will be gradually improved in 2024 and is expected to attract more developers and users, further driving up prices.
3. Global economic uncertainty:
As global economic uncertainty intensifies, the turmoil in traditional markets creates opportunities for the cryptocurrency market. As a representative of digital assets, Ethereum may continue to attract investors seeking safe havens, thereby driving its price up.
4. Continued influx of institutional funds:
More institutional investors are entering the cryptocurrency market, which not only boosts the demand for Ethereum but also injects more long-term funds into the market. With the influx of institutional funds, Ethereum's price is likely to maintain strong momentum for a long time.
