Decun's upgrade, ETF narrative may drive Ethereum to soar in 2024
According to CoinDesk, investors may reconsider Ethereum this year as it remains the leading smart contract blockchain with ongoing key upgrades and is widely seen as a potential candidate for a spot ETF in the United States. Coinbase stated in its weekly newsletter: "Ethereum could have a breakthrough year. The news of the Bitcoin ETF last week was good news for Ethereum, which surged to over $2700, reaching its highest point since May 2022. We have reasons to be more optimistic about ETH's near-term prospects. Firstly, several companies behind the Bitcoin ETF, including BlackRock and VanEck, are also planning Ethereum-based spot ETFs." Coinbase pointed out: "Ethereum's Dencun upgrade began preliminary testing on Wednesday and is expected to implement EIP-4844 in the coming months. Some ETH observers predict that this will help reduce network fees by 90% or more."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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