Deep Tide TechFlow: Grayscale Suggests Ethereum May Take Center Stage, Dencun Upgrade and SEC Decision Approaching
According to Deep Tide TechFlow, while the focus is currently on Bitcoin, Ethereum may take center stage as the deadline for the SEC's decision on Ethereum spot ETFs approaches in May 2024.
The Ethereum "Dencun" upgrade is scheduled for March 13, 2024, and is expected to position Ethereum as a competitive force in the encrypted smart contract platform space, rivaling faster chains like Solana.
Grayscale Research believes that Ethereum's momentum is driven by upcoming developments such as the Dencun upgrade, net deflationary supply, network revenue generation, the SEC's decision on Ethereum spot ETFs, and the increasing use cases for renting out Ethereum network security features.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
A certain exchange once posted "Opensea public sale next week," but later deleted it.
Data: Circle newly minted 500 millions USDC
Spot gold returns to $4,200
Data: AWE rises over 22%, SKY rises over 9%
Trending news
MoreCrypto prices
More
