Ethereum

The crypto space has not been in the best of health over the past few weeks as the coronavirus pandemic and the associated turmoil in the markets took its toll. However, that does not mean that important developments have not been taking place in the crypto sphere amidst the turmoil.

Key Things to Watch

One of the most anticipated events in the crypto space at this point is Ethereum 2.0, and traders are eager to figure out how it is going to affect the price of the ETH token. The launch of Ethereum 2.0 is still a few months away, but it has created a lot of buzz in the crypto sphere already.

At this point in time, Ethereum is the second-biggest cryptocurrency in the world by market cap, and it is only natural that the launch has resulted in fevered speculation. It seems that experts believe the launch of Ethereum 2.0 is going to be a boon for the cryptocurrency. MetaCartel Ventures DAO Adam Cochran wrote a blog recently in which he stated that the launch could constitute the “largest economic shift in history.” It goes without saying that this is a bold claim, and it remains to be seen if it comes to fruition.

>> Bitcoin Slumps as Crude Oil Crashes

He stated that the staking rules with regards to Ethereum 2.0 could be the major boost behind the rise in the price of the cryptocurrency. Cochran revealed that the staking rewards of 3% to 5% could be a major incentive for big-ticket investors to join in. If that happens, then it is almost certainly going to have a positive effect on the price of ETH. That being said, investors should keep in mind that these are unprecedented times, and things could change very quickly. On that note, it is necessary to point out that the economic turmoil might actually prompt some big investors to stay away.

Featured image: DepositPhotos © Primakov

Please See Disclaimer

If You Liked This Article Click To Share

/* p > a { text-decoration: none; color:#000 !important; } .crec-ad > p > a:hover { color:#000 !important; text-decoration: underline; } @media(min-width:1228px){ .crec-image img{ width:191px; height:100px; } } @media (max-width: 1228px) { .crec-ad { width: 50%; box-sizing:border-box; } .crec-image img{ width:100%; height:158px; } .crec-ad:last-child { width: 50%; padding-right: 4px; } } @media (max-width: 590px) { .crec-ad { width: 100%; } .crec-image img{ height:auto; } .crec-ad:last-child { width: 100%; padding-right: 4px; } .crec-header h1 { padding-left:20px; } .crec-container { padding-left:20px; padding-right:20px; } }
/*]]>*/

/**/

About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

Related Posts

E-Crypto News Executive Interviews

Cryptopunkad1
Cryptopunkad2
Cryptopunkad1
Cryptopunkad1
Cryptopunkad1
Cryptopunkad1
previous arrow
next arrow

Automated trading with HaasBot Crypto Trading Bots

Blockchain/Cryptocurrency Questions and Answers

Crypto Regulation Index
Crypto Regulation Index for 2022
October 3, 2022
What Is ZetaChain And How Does It Operate?
What Is ZetaChain And How Does It Operate?
September 27, 2022
LUNC
What is Terra Classic (LUNC)? How Does it Work?
September 26, 2022
What Is A Public Presale In Crypto?
What Is A Public Presale In Crypto?
September 22, 2022
Cryptocurrency
How Many Cryptocurrencies and NFT Collections are there in 2022?
September 21, 2022


CryptoCurrencyUSDChange 1hChange 24hChange 7d
? --- 0.00 % 0.00 %

bitcoin
Bitcoin (BTC) $ 19,975.02
ethereum
Ethereum (ETH) $ 1,349.72
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 291.59
usd-coin
USD Coin (USDC) $ 1.00
xrp
XRP (XRP) $ 0.469533
binance-usd
Binance USD (BUSD) $ 1.00
cardano
Cardano (ADA) $ 0.432622
solana
Solana (SOL) $ 33.63
dogecoin
Dogecoin (DOGE) $ 0.060781