Marcel Pechman from Cointelegraph states that there are three factors that determine whether Ethereum can regain the level of $ 2,500. At the time of writing, the number two in the market acts at $ 2,000, and therefore 18% below the level of $ 2,500.
What is Ethereum’s problem?
“Criticasters have been calling for some time that the Ethereum ecosystem is lagging behind that of competitors. This is about the user experience and limited scalability, which ultimately turned out negatively for transaction costs on the network and efficiency,” said Marcel Pechman.
Many of the challenges in the field of scalability must be solved with the upcoming pectra upgrade for Ethereum; which is scheduled for the end of April or early June.
There is also a doubling of the data room in blocks under the proposals. That should reduce the transaction costs for applications at Ethereum.
Developers are also busy with the introduction of “Smart Accounts,” that make it possible for wallets to function as a smart contracts during transactions. That should greatly improve the user -friendliness of Ethereum, and make it easier to manage everything on the blockchain.
Arthur Hayes chooses Ethereum above Solana
It is striking that within the crypto world there are still many big names that keep faith in Ethereum. Among them is Arthur Hayes, the founder of Bitmex, who expects an Ethereum course of $ 5,000 rather than a Solana course of 300 dollars.
Ethereum is still the largest blockchain when it comes to smart contract applications.
The total value in the network $ 52.5 billion, which is significantly more than the $ 7 billion on Solana. Even more interesting is that the deposits on the Ethereum network have risen by 10% in the last 30 days, while Solana was allowed to write an increase of 8%.
In addition, fewer and fewer ethers can be found on the stock market platforms, which continues a positive signal for the course. After all, that means that less ethers can potentially be offered for sale.
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Source: https://newsbit.nl/kan-de-ethereum-koers-naar-2-500-stijgen/
