Why Ethereum Becomes a Coin Will Rise After Bitcoin
Bitcoin has soared to $ 55,000, while Ethereum has remained stable at between $ 3,500 and $ 3,600 in recent days. However, many experts predict that the Ethereum coin will jump sharply, possibly reaching an all-time high soon. This increase could be related to DeFi and NFTs and also for many other reasons.
1. Ethereum requirements
The huge increase in the second phase at the end of the third quarter of this year has boosted Ethereum demand since the beginning of the last quarter. Ethereum’s operating fee reached $ 1 billion this September.
Frank Holmes, Executive Director and CIO of U.S. Global Investors also understand that Ethereum is a cryptocurrency, a coin that will explode after this. The CEO said that the recovery of Bitcoin is a push for Ethereum to jump into the cryptocurrency market again.
2. DeFi and NFTs
The return of DeFi-NFT plays an important role in Ethereum, arguably the main backbone for growth in the blockchain. The continued growth of Ethereum operations may also be related to the growing popularity of DeFi-NFT.