您现在的位置是:Ether outpaces Bitcoin ahead of Ethereum hard fork >>正文
Ether outpaces Bitcoin ahead of Ethereum hard fork
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛79917人已围观
简介Bitcoin stagnated over the weekend, while Ether made gains of 3.7% ahead of the London upgrade on We...
Bitcoin stagnated over the weekend, while Ether made gains of 3.7% ahead of the London upgrade on Wednesday
The crypto market appears to be recovering well after almost every major cryptocurrency recorded positive gains last week. This was certainly true for the largest two coins by market cap — Bitcoin provided returns of 12.5% last week, while Ether was up 16.5% over the same period.
Bitcoin growth slowed down towards the end of the week, with the cryptocurrency falling by 5.6% over the weekend. Meanwhile, Ether showed no such signs of stagnation and made gains of 3.7% over the weekend. These changes saw the ETH/BTC chart show an increase of 9.9% over the last two days.
A likely driver of Ether’s persistent rally is the much-anticipated Ethereum London Hard Fork, which is due to happen on Wednesday. One of the Ethereum improvement proposals (EIPs) due to be rolled out in the upgrade will see the introduction of a base fee burn.
This change will mean a significant decrease in the inflation rate of Ether, which is currently about 4.4%. EIP 1559 could see this figure fall to 1.7%, which is about the same as Bitcoin’s inflation rate over the last year.
There is now almost 6.5 million ETH staked in the Ethereum 2.0 deposit contract, which is worth nearly $17 billion and represents 5.5% of the circulating supply. The London upgrade brings ever closer the full rollout of Ethereum 2.0 and the transition to the Proof of Stake algorithm, which is projected to happen later this year.
Real Vision Founder, Raoul Pal, tweeted yesterday, “Just writing Global Macro Investor and dont want to spoil it in advance but so many people look at on chain analysis for BTC and forget ETH. On chain data + August 4th + network growth = ludicrous, ludicrous supply shortage (double ludicrous for emphasis in case you missed it)”
Other market commentators have agreed with this view.
https://twitter.com/mskvsk/status/1421767601328427010
There has also been growing institutional interest in Ethereum. Last month, Fidelity revealed plans to make Ether available to its hedge fund, family office and institutional clients by March 2022. Automated investment firm Wealthfront later added the Grayscale Ethereum Trust to its suite of investment options.
Even senior analysts at JPMorgan previously suggested that the Ethereum upgrades could boost the staking industry to $40 billion by 2025. Goldman Sachs has also been bullish on Ethereum, proposing last month that in the coming years Ether could overtake Bitcoin as the dominant store of value.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/4223.html
相关文章
3 of the best cryptocurrencies for beginners in 2022
Ether outpaces Bitcoin ahead of Ethereum hard forkCrypto offers a new class of investment assets that have seen explosive growth over the last few yea...
阅读更多
Bloomberg analyst: Bitcoin's maturity to derail commodities
Ether outpaces Bitcoin ahead of Ethereum hard forkBloomberg analyst believes Bitcoin’s rising value is bad for commodities, citing copper as an...
阅读更多
Ripple (XRP) breaks $1 resistance – should you buy it today
Ether outpaces Bitcoin ahead of Ethereum hard forkThe story of Ripple (XRP)this year has been bittersweet, to say the least. At one time, the coin was...
阅读更多
热门文章
- IRD Asks Crypto Firms to Share Details of Investors
- Thailand Police unit arrests suspect of a $15M crypto scam
- World Bank, IMF And G20 Countries To Set CBDC Regulations
- Skale Network price crawls back as user growth stats soar
- EDF Subsidiary Exaion Becomes A Tezos Baker
- SBF revealed that some bailouts didn’t go as planned
最新文章
Polygon's MATIC remains attractive, but a key hurdle remains
Here are the best places to buy Luna now
Check out the top exchanges to buy OMG, the coin, today
BoE official says the bank needs help collecting data on institutional exposure to crypto
Shiba Inu clears $0.0000125 resistance but is the token a buy?
AXS, LRC and SAND are tokens worthy of your attention on January 10, so should you buy them?