Crypto Currency News
Bitcoin
$81,509.20
+2101.42
Ethereum
$3,166.51
-22.73
Litecoin
$76.29
-0.52
DigitalCash
$25.89
+0.42
Monero
$158.33
-6.69
Nxt
$0.00
0
Ethereum Classic
$22.68
-0.26
Dogecoin
$0.28
+0.05

4 reasons to expect a massive bull run in Ethereum in 2021 • CryptoMode

Many people are still excited about the price potential of Ethereum. Many changes are in the pipelines for the network, and positive changes are coming. Below are some examples for the future.

CME Ethereum Futures

When it comes to futures contracts for institutional clients, they can either attract positive attention or generate higher volatility. After a while, Bitcoin’s futures – eventually – gave positive impetus. What will happen when CME launches Ethereum futures remains controversial. This is a strong signal to the crypto community as it shows that the demand for ETH exposure is increasing.

For those who don’t know, Ethereum futures are from CME start It will be listed on February 8th and analysts expect a sharp increase in volume for this new vehicle. Each contract unit is for 50 ethers, which gives them a steep value. Three years after the Bitcoin Futures, CME is taking the next step.

Layer two scaling

Although rumor has it for years, serious strides are being made in scaling Ethereum layer two. Everyone knows that the base protocol cannot grow any further until the sharding goes live. Until then, any Layer Two solution is more than welcome.

Solutions such as Loopring show how an AMM DEX can be operated at low fees. It may be less attractive to liquidity providers, but the option is there. Lower fees offer the ability to provide tiered rewards such as native protocol tokens.

The EIP-1559 proposal

One of Ethereum’s emerging proposals to keep an eye out for is EIP-1559. According to Githuba transaction price mechanism with fixed network fees per block is introduced. These fees are burned immediately, which slightly reduces what the ETH has to offer.

In addition, this solution aims to expand and shrink the block sizes to avoid overloading the network. A useful addition, as the network was regularly overloaded. When this happens, network charges go up and users get annoyed. A solution like EIP-1559 is pretty intriguing and appears to be compatible with Ethereum 2.0.

Lower inflation in Ethereum

With the upcoming change to Ethereum 2.0, a different emissions system will be introduced. There won’t be a hard cap on ETH for the foreseeable future, but keeping the emissions rate at 1% is progress. Assuming EIP-1559 is also operational, it is likely that the real “inflation rate” will turn negative sooner rather than later. How exactly these numbers will develop remains to be determined.

Would you like to advertise? We would be happy to help you publicize your project, company or service. CryptoMode produces high quality content for cryptocurrency companies. So far, we’ve branded dozens of companies, and you can be one of them. All of our customers appreciate our price-performance ratio. Contact us if you have any questions: [email protected]

Comments are closed.