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Bitcoin (CCC: BTC-USD) is up 76% so far this year, according to Google Finance, and stood at $51,757 as of December 27, but Ethereum (CCC: ETH-USD) is up 461. 6% over the same period. In addition, there is a clever explanation of why that ETH crypto will continue to outperform Bitcoin over the next year.
However, it is not possible that there will be no resistance.
Once a cryptocurrency starts trading diversity, investors find it difficult to trade that diversity outdoors. As a result, cryptocurrency trading can remain within a diversity and “resistance” accumulates.
He said that “the spread between $4,400 and $4,500 is a critical point for the main smart contract platform. “He didn’t say which wise contract platform he was referring to.
However, once the value surpasses that, he said it will succeed at a new all-time high. This is the definition of what it means to be stuck in a bargaining range. As of December 27, Ethereum is trading at $4,082 according to crypto ETH. symbolic.
Recently, the Ethereum Foundation, which promotes the progression of Ethereum and improves the blockchain, made a major announcement and, according to Cryptoslate magazine, said that the blockchain is starting to run a new network called Kintsugi.
The merit of Ethereum 2. 0 is that it advertises faster, less expensive, and less energy-consuming transactions, and other people need Ethereum transactions to be processed faster and much less expensively.
The existing challenge is how temporarily this new check network will adapt. Developers and new programs will have to worry about selling Ethereum 2. 0 through this checknet protocol. Once there are enough developers, nodes and programs, the new check, the Ethereum mainnet blockchain “merge” into a single day. The challenge is that no one knows yet when this will happen.
The Cryptoslate article also states that there are other advantages to getting in the new test network: it will allow users to “protect the network by blocking ETH in the protocol, also known as staking. It will also allow users to earn more crypto rewards through validating other transactions on the network.
Others, especially those who need to advertise Ethereum, argue that it’s just the burden of doing business. In their minds, the top fuel fees reflect Ethereum’s popularity and good fortune, according to a recent article in Decrypt magazine.
The article quotes an Ethereum co-founder as saying that the higher fees reflect continued demand for Ethereum, showing that, given Ethereum’s uses with NFT (non-fungible tokens), smart contracts, and other Dapps (decentralized applications).
As a result, it is conceivable that even with the advent of Ethereum 2. 0 with its proof-of-stake validation method, the demand for crypto ETH is likely to increase, which will help its value rise particularly more than Bitcoin in the coming year. .
But it can also mean that Ether’s transaction prices aren’t dropping compared to its existing peak prices. This would possibly be a trade-off that Ethereum investors will have to live with: a higher value with higher transaction prices.
Mark Hake writes about non-public finance in mrhake. medium. com and leads the general return pricing consultant you can see here.
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