After two questionable tests of Ethereum's upcoming Pectra update, the project's top developers have decided to create a new testnet in order to provide a final demonstration of the code before deployment.
Yesterday at 9:50 AM
Ethereum News
Categories
After two questionable tests of Ethereum's upcoming Pectra update, the project's top developers have decided to create a new testnet in order to provide a final demonstration of the code before deployment.
Yesterday at 9:50 AM
SEC acknowledges Franklin Templeton’s proposal for an Ethereum staking ETF
The U.S. Securities and Exchange Commission (SEC) has acknowledged receipt of a proposal from Franklin Templeton to create an Ethereum ETF that includes staking.
13 March
Bloomberg Intelligence analyst Mike McGlone commented on the current slump of the leading cryptocurrencies, Bitcoin and Ethereum. In his opinion, the prospects for the growth of risk assets in the US this year are unfavorable.
13 March
Ethereum is the world's second largest cryptocurrency after bitcoin. It allows creating and managing smart contracts and decentralized platforms. The coin is actively used in the blockchain, and is also popular in the NFT, DeFi, and other digital services.
Major factors that determine the value of ETH include:
- Crypto market conditions; the value of Ethereum is closely linked to the bitcoin performance and general market trends. During growth phases, there is an increase in demand for cryptocurrencies, but when BTC falls, the appetite for these digital assets wanes.
- Macroeconomic situation, including the US Federal Reserve's monetary policy, inflation rate, and economic stability of leading countries.
- Regulatory restrictions; laws regarding digital assets, taxes, and possible legal constraints for crypto projects may affect the liquidity and investment attractiveness of ETH.
- Role in DeFi projects: Ethereum is widely used in decentralized finance, and there is a growing demand for it as the number of users and transactions on the network increases.
- Technological innovations; the transition to Proof-of-Stake (PoS) protocol, improved scalability and security can influence the price of ETH.
- Major investor activity; institutional fund investments and crypto whale activity can cause strong price fluctuations.
The liquidity of Ethereum is supported by its extensive application within the financial sector and across different blockchain projects.
Moreover, an extensive ecosystem of NFTs, decentralized exchanges, and new digital solutions creates a stable interest in the cryptocurrency.
Forecasting the ETH price is a complex task, as it is formed under the influence of many factors. For successful trading and investing, it's important to take into account regulatory changes and analyze network activity.
