Wall Street investment firm Bernstein last week listed seven predictions that could reignite the crypto growth cycle.Even though the switch from proof-of-work to proof-of-stake is just days away, there remains a healthy bit of skepticism, said Bernstein analysts Gautam Chhugani and Manas Agrawal. They believe it will happen between Sept. 10 and Sept. 20, and it will be a positive catalyst.2.
Chhugani and Agrawal said there has been a notable increase in user numbers, on-chain liquidity and transactions on rollups such as Optimism and Arbitrum, with transaction activity on rollups now making up around 15%-25% of all Ethereum transactions. are Ethereum layer 2 protocols that help process transactions separately from the main network to help increase speed and lower costs.The most asked question by investors is when will the ether market cap eclipse bitcoin’s market cap, the note said. For digital assets as an asset class, what is more important is that it becomes more of an “innovation-driven, structural trend rather than a macroeconomic asset class.
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