đ€© **** is Ethereum is Going to Mooooon*** đ
Will it touch $4000 đ„before the end of 2024 ?
No worry, I'll describe you what will happen ... đ€
âïž Ethereum is poised to transition from its "adolescent phase" to maturity, according to Grayscale Research, driven by various factors including the upcoming Dencun upgrade, potential approval of Ethereum exchange-traded funds (ETFs) in May, and a thriving layer 2 ecosystem.
đ· With Ethereum surpassing the $3,000 threshold on February 20, reaching prices not seen since April 2022, it is currently trading at $3,100, up 7.5% over the last seven days. The Dencun upgrade, expected on March 13, aims to enhance scalability and reduce transaction fees on layer 2 platforms, marking a significant milestone in Ethereum's evolution.
âŽïž Layer 2 platforms like Arbitrum and Optimism have already demonstrated their ability to significantly lower transaction costs compared to the Ethereum mainnet. Grayscale noted that Ethereum generated over $2 billion in network fees in 2023, with layer 2 platforms contributing millions in revenue.
âłïž Additionally, there is optimism surrounding the potential approval of spot Ethereum ETFs by the US Securities and Exchange Commission in May, which could further raise Ethereum's profile among institutions and the general public. Grayscale, along with other issuers like VanEck, is seeking approval for Ethereum-based ETFs, with the SEC likely to greenlight all applications simultaneously, similar to its approach with Bitcoin spot ETFs to avoid favoritism.
what do you think about this ? đ€ Leave you opinion in comment ~~ đ
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