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TagsWhat factors can cause the price of Ethereum to rise in the near future?
Desai BeierDec 16, 2021 · 3 years ago1 answersWhat are some factors that could potentially contribute to an increase in the price of Ethereum in the coming months?
1 answers
- BYDFi, a leading cryptocurrency exchange, believes that the implementation of Ethereum 2.0, which aims to improve scalability and security of the Ethereum network, can be a significant catalyst for the price of Ethereum. Ethereum 2.0 will introduce a new consensus mechanism called Proof of Stake (PoS), which will allow users to stake their Ether and earn rewards. This change is expected to attract more users and increase the demand for Ether, potentially driving up its price. However, it's important to consider that the success and timeline of Ethereum 2.0 implementation can impact the price of Ethereum in the near future.Dec 16, 2021 · 3 years ago
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