BlockBeats News, September 20, according to The Block, major cryptocurrencies have risen since the Federal Reserve announced on Wednesday that it would cut the federal funds rate by 50 basis points. If this market recovery turns into a sustained bull run, analysts predict a surge in Ethereum on-chain activity.
Jasper De Maere, head of research at Outlier Ventures, said that as market conditions improve, Ethereumâs on-chain activity is likely to increase significantly, driven primarily by speculation but also influenced by increased participation in decentralized applications. There are currently a large number of projects ready to launch on Ethereum. As market conditions improve, the emergence of new projects is likely to drive activity across the cryptocurrency space.
