March 29, 2024

Opinion: Staking Ethereum 2.0 will provoke a bull run

Opinion: Staking Ethereum 2.0 will provoke a bull run

Some cryptanalysts and experts believe that the Ethereum 2.0 update will completely change the fielddecentralized finance and will trigger a bull run in ETH prices.

Adam Cochran, partner at MetaCartel Ventures DAO and DuckDuckGO developer, cited several reasons why ETH 2.0 “could be the biggest economic shift.”

According to him, the introduction of ether stakingwill provoke a shock in the proposal. Cochran is confident that a 3-5% remuneration for staking will attract capital from large investors, as a result of which about 30% of the offer will be blocked. And the launch of a token burning mechanism will help reduce supply on the market.

The developer believes that the shock of the proposal will createFOMO is among retail investors who will invest their assets in the hope of making money. Unlike the bull race of 2017, when most investors did not understand how to use crypto exchanges, this time the FOMO effect can be much stronger, since now even beginners can easily buy cryptocurrency.

This time it means moreUsers can succumb to the FOMO effect at the same time. Enough for just one high-profile headline in a large publication on the growth of Ethereum so that large whales remember their Coinbase accounts and retail investors start buying up the asset.

Ethereum 2.0 can change the entire financial system

In his interview with Cointelegraph, the founderTrustology platform Alex Batlin suggested that the launch of ETH 2.0 will affect not only the price of cryptocurrency. He believes the update will provide the level of scalability needed for widespread adoption of decentralized financial protocols.

In order for DeFi to really work, we neednot 20 transactions per minute, but a thousand or two thousand transactions. Then the network will become a really serious financial tool. And ETH 2.0 will be just such a tool.

Recall that recently Prysmatic Labs announced the launch of the Topaz test network, which will work on the full configuration of Ethereum 2.0.

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Based on materialscointelegraph.com