Advertisement

The bullish aspect of ETH 2.0

The bullish aspect of ETH 2.0
  • ETH 2.0 is due to launch its first phase within just a few months. 
  • With this in mind, many analysts all over the world believe that it could trigger a major bull run and transform finance as we know it.

ETH 2.0 is due to launch its first phase within just a few months. With this in mind, many analysts all over the world believe that it could trigger a major bull run and transform finance as we know it.

One of the partners at MetaCartel Ventures DAO, Adam Cochran has given his arguments as to why this new project could prove to be the biggest shift in society for the economy.

Writing in a blog post, Cochran suggests that staking could drive and ETH supply shock. He further believes that dependable staking rewards of up to 5% will bring in further investors capital until around 30% of the total supply is locked up. The upcoming burn mechanism will also have a part to play in diminishing supply on markets.

Cochran further makes arguments saying that the supply shock will create FOMO in many investors who will most likely buy in among retail traders but are not interested in the technical analysis and background but just want ‘in’.

However, this will be different from the 2017 extravaganza of cryptocurrency blowing up throughout the world. This fear of missing out could be triggered even further due to it being significantly easier for newcomers to buy crypto with Fiat currency on platforms such as Binance. He further said:

“With no stop-gap this time around, that means these users can all FOMO at the same time. All it takes is one crazy MSNBC headline about Ethereum growth to remind them about their Coinbase account, and the retail investors create a flurry.”

It will be interesting to see how this situation plays out. For more news on this, the ETH Price and other crypto updates, keep it with CryptoDaily!

You can share this post!

Advertisement