5 Reasons Why Ethereum Could Propel to $5,000 in 2024

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Focus this year has been on Bitcoin, but there are many compelling reasons to suggest Ethereum will hit $5k. We analyze this along with an exciting presale coin

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The problem it aims to tackle is how exclusive the mining of Bitcoin has become. Originally an activity anyone could do from their own home with the right equipment, has really gotten out of hand. Due to its growing popularity, Bitcoin is now mined in industrial-sized data centers that use an incredible amount of energy. This costs a lot and has thus excluded most crypto enthusiasts from mining its number one token.

Bitcoin Minetrix understands that cloud mining is a good idea but has innovatively added staking to the mix to give the people who wish to mine control over the process. How it works is fairly simple; Investors have a choice once they stake their BTCMTX. They can keep them and earn a decent APY% and they can also unstake and sell them at any time.

Ethereum has been making big improvements to the ecosystem, and co-founder Vitalik Buterin recently announced major roadmap updates. Single Slot Finality is perhaps the stand-out update. It will help the proof-of-stake system run more efficiently and given the emphasis put on staking lately this should help the price pump.

 

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