🗣️Throughout November, ETH reversed its reputation. I know that many people did not benefit from the increase in BTC and ETH.
Help the master to do a review and comparison from the timeline 🧵
11.5 days ETH >2400-3759 58%
11.5 BTC >69000-99000 30%
It is obvious that ETH has outperformed Bitcoin in recent stages. Today’s slight correction has caused many investors to panic again, wondering if Ethereum has outperformed Bitcoin in this month (this is what many people complain about).
Next, let’s talk about ETH’s views
Recently, Justin Drake, a researcher at the Ethereum Foundation, published an article on X stating that both Ethereum L1 and L2 will be gradually improved in the future.
I have summarized some ideas for you.
The strong foundation of the Ethereum network
The beacon chain has enabled Ethereum to develop from the initial small-scale staking to one of the safest and most reliable blockchain networks in the world, ensuring 100% normal operation and extremely high security. Ethereum has greatly improved network security and reduced the risk of attacks through the PoS mechanism (proof of stake), and reduced the ETH in circulation in the market through staking, enhancing its long-term stability. In the past, Ethereum was POW, which means proof of work. Many miners bought graphics cards to mine, that is, to mine ETH. Later, they switched to POS, that is, to work with Ethereum staking.
Future Directions
Ethereum is continuously upgrading its technology, with the goal of improving transaction efficiency, reducing transaction fees, and enabling the network to process more transactions and support more applications. In the future, technologies such as Danksharding and Rollups will be implemented to further improve network performance.
👄What impact does this have on the price of Ethereum? It’s a big impact
Ethereum's upgrade plan, including technologies such as Danksharding, Rollups and post-quantum security, has significantly improved Ethereum's scalability, transaction efficiency and security, making Ethereum's application scenarios in DeFi, NFT, smart contracts and other fields more extensive. This will drive the demand for ETH and attract more developers, users and investors to participate by reducing transaction fees and increasing network throughput.
Because there is more demand, more people will buy it, the price of the currency will rise, attracting more people to join, and a positive flywheel will be formed.
As the Layer 2 solution matures, Ethereum's user experience will be greatly improved, which will drive more transactions and applications, thereby providing strong price support for ETH. Coupled with the concept of baserollup, it is expected to solve the problem of L2 fragmentation and make it fully circulated.
ETH staking and supply reduction
Ethereum’s PoS mechanism and the hype and benefits of staking ETFs have led to a large amount of ETH being locked up for staking, reducing the amount of ETH in circulation on the market. The amount of staked ETH will continue to increase, which means that the amount of ETH in circulation on the market will be more limited. This tightening of supply usually drives prices up, especially when demand grows, which may lead to a situation where ETH is in short supply, further pushing up its price.
Ethereum ETF net inflows
💨The launch of ETH ETF makes it easier for investors in traditional financial markets to participate in Ethereum investment, driving more funds to flow into the ETH market. Especially in the past few days, institutional investors have been buying heavily, and the capital inflow will increase significantly. Funds will begin to flow to Ethereum, and the price will only rise. It may be difficult for you to see Ethereum starting with 2 anymore. In the past, Ethereum was in annual The first quarter broke out, and the gang leader is more optimistic about the main Shenglang in January. Market demand and technological breakthroughs will push the currency price up. When it rises, it will quickly increase by 30%-50%. The real copycat season is still there. On the road, the price of Ethereum is the best indicator.
The boss has been buying and investing in ETH, buying, buying, and supporting Ethereum from time to time.
In the short term, yesterday the boss reminded us that the target is close to 3800. I don’t know if you listened. The boss is a strong man. When no one is optimistic, we are optimistic. So it is very good to have a large position of ETH this month.
So if you still believe in the 8000 goal of the boss, you can enter in batches at 3300-3500. This is suitable for a partner who can get a certain amount of scale. After ETH is eaten up, you still have time to do other coins.
🙏If you think the helper shared is good
There are also transaction needs that need to save handling fees.
You can use the helper's link to manually settle the bill for everyone every week (within the rules).
👉Binance invitation code: DZADD8FF
