A report out Wednesday argues that the price of the Ethereum cryptocurrency may eventually climb as high as $35,000. Ether's price has been stuck alongside bitcoin's this year, but patient investors with a long horizon could be rewarded as Ethereum reclaims its dominance in crypto's smart contracts space and new use cases emerge, according to Standard Chartered.
" "Layer 2" solutions like Arbitrum and Optimism are developed on Ethereum itself to enhance its efficiency and help keep transactions within the Ethereum ecosystem, rather than moving to a competing network in an attempt to find lower fees. Keeping activity on Ethereum should increase the token's price-to-earnings ratio, Kendrick said.
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: TheBlock__ - 🏆 464. / 53 Read more »