analyst75 Posted May 24 Share Posted May 24 That’s Just the Beginning For the record… James was bullish on Ethereum when it was $10. Now, we’re even more bullish. What’s changed? AI agents are just one potential bullish catalyst. Here are four more: 1.] Supply is decreasing. 2.] Ethereum is scaling. 3.] Developers are staying. 4.] Ethereum ETF coming? We’ll run through them real quick… Supply is decreasing: Ethereum went through a massive upgrade 1.5 years ago that made it a deflationary asset. Since, Ethereum has burnt (taken out of circulation) almost 350,000 ETH. That's almost a billion dollars worth. This trend will continue at the same time more and more users are staking (locking up) their ETH for the long-term. Ethereum is scaling: There’s another upgrade coming soon -- called the Dencun upgrade -- that will pave the way for Ethereum to scale to 100,000 transactions per second. (Layer 2 protocols can handle the rest.) Developers are staying: Developers build apps. Killer apps attract mainstream attention. Mainstream attention attracts mass-adoption. Point? The more developers the better. Electric Capital’s new Developer Report shows that 87% of all crypto developers work on at least 1 Ethereum compatible blockchain. ETH is dominant. Ethereum ETF: Blackrock, the largest asset manager in the world, talking about tokenization and Ethereum ETFs. We have JP Morgan who sees the value of tokenization, which he says won’t happen on Bitcoin. (Though he’s wrong about a lot of crypto stuff, he’s right about this.) Those are the catalysts that could make 2024 a banger year for Ethereum. But even if ETH goes to $10,000… $50,000… $100,000(!)... There’s more money to be made in early-stage cryptos. Author: Chris Campbell Profits from free accurate cryptos signals: https://www.predictmag.com/ Quote Link to comment Share on other sites More sharing options...
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