Even though the switch to a proof-of-stake method of maintaining its network from a proof-of-work one is just days away, there remains a healthy bit of skepticism, Bernstein analysts Gautam Chhugani and Manas Agrawal wrote in a note last week. They believe it will happen between Sept. 10 and Sept. 20, and it will be a positive catalyst for crypto.
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 transactions on the Ethereum blockchain. Rollups are Ethereum layer 2 platforms that help process transactions separately from the main network to increase speed and lower costs.
The most asked question by investors is when will the ether (ETH) market cap eclipse bitcoin’s (BTC), the note said. For digital assets, what is more important is that it becomes more of an “innovation-driven, structural trend rather than a...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...