Ethereum: Catalysts In Plain Sight (Rating Upgrade)

Mandela Amoussou
1.11K Followers

Summary

  • Ethereum has not had any significant catalysts since the 2021 NFT hype cycle, and the liquid staking narrative during the transition to proof-of-stake consensus.
  • The approval of spot Bitcoin ETFs has created anticipation for a spot Ethereum ETF, which could happen sometime this year.
  • ETH's upcoming Dencun Upgrade synergetically aligns with the potential approval of a spot Ether ETF, setting the stage for better throughput.

cryptocurrency: ethereum

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Ethereum USD (ETH-USD), the second-largest crypto by market cap, has not had any significant catalyst since the NFT hype of the last bull run and when the liquid staking narrative gained some traction during the network's transition from proof-of-work (PoW) to

This article was written by

1.11K Followers
Mandela has been a cryptocurrency enthusiast and trader since 2017. He loves coding and writing about cryptocurrencies and crypto investment strategies. He has an in-depth understanding of distributed ledger technology, the Web3 technology stack, and crypto investing. He enjoys researching and analyzing cryptocurrency projects, Web3 trends, and security tokens (digital securities). He is also a contributing writer for Seeking Alpha analyst James Foord.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of ETH-USD either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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