Could Ethereum Be The Surprise iIn This Next Bull Market?

joeljaimes1982 (70)Authorized Userin Steem Alliance • 8 months ago

Hello friends, I hope you are well, the bitcoin halving is just around the corner, a key moment for cryptocurrencies that could trigger one of the biggest bullruns in history and we still have a brutal opportunity ahead of us to take advantage of. the increases and some sectors with a lot of potential.

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Which cryptocurrency could stand out during the bullrun?

One of the main cryptocurrencies that I am going to talk about is Ethereum, which despite its high fees continues to be the reference for all altcoins and despite the high market capitalization and being only 33% away from all-time highs next year could be very promising for Ethereum.

Since it could also be a great opportunity for several reasons, firstly because Ethereum, despite its high fees, continues to be one of the most used networks and the network with the largest transactions by far, in fact, has just reached 50 billion transfers. surpassing Tron, which is in second place with more than 40 billion, certainly a real outrage.

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For this reason, it seems interesting to me to have it as an option to take into account and although it is true that realistically it is not going to give brutal returns, it is a much safer bet in the long term and we must not forget about adoption either. institutional.

Ethereum has been put in the spotlight of some of the most important institutions in the world, being one of the next candidates most likely to have an ETF approved, as we already know from the approval history of giants like BlackRock with more than one 99% success rate.

Now we have the experience of what has happened with bitcoin that if the ETF is approved and institutions have much easier access, the inflows could skyrocket, directly affecting its price, however all this is still quite up in the air and it would be quite rare for it to happen. the SEC simply approves it without making any kind of excuse.

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Because thinking about it now it wouldn't be like our dear Gary gensler so I think we're going to have to wait even a little longer before this can become a reality and another factor that could play a key role beyond the ETF is the updates and news that the ecosystem has.

They aim to significantly improve the network, including solving fee problems in the future, but have also allowed the integration of numerous scalability and performance solutions that are revolutionizing the crypto market, such as the famous layer 2, which are layers that are integrated within of Ethereum.

Layer 2 develops a specific activity in a much more profitable and efficient way, which will allow the Ethereum ecosystem to continue scaling, thus reaching more people and being able to support brutal volumes.

In conclusion.

Ethereum has a lot to offer, it is a currency that promises a lot, as I mentioned at the beginning, despite its high market capitalization and high fee, it is still attractive to investors, since in the very near future numerous scalability and performance solutions will be integrated. which will make the fees cheaper and without a doubt this will have a significant impact on its price without mentioning the supposed approval of spot ETFs.