This year is the first year of the third Bitcoin halving. After the halving, the Bitcoin block reward will be reduced from 12.5 to 6.25. Such a halving deflation mechanism is destined to accelerate the scarcity of Bitcoin, thereby accelerating Bitcoin. The price has risen. Ethereum, which is ranked behind Bitcoin in market value, has not shown weakness this year. The following three signs indicate that it will rise sharply and may surpass Bitcoin next year.
1. Ethereum 2.0 will be launched soon
On June 29th, the Ethereum 2.0 Altona v0.12 test was officially launched. A total of four major clients, Prysm, Teku, Lighthouse and Nimbus, participated in the test. If everything goes well, Ethereum 2.0 will be officially launched in November this year.
After the launch of Ethereum 2.0, two major functions will be added:
The first is the POS equity proof mechanism. Only by verifying the amount of ETH pledged by the node, the equity rights acquired by the node can be judged. Compared with the proof-of-work mechanism of version 1.0, it will run faster and more efficiently.
The second is the sharding chain, which places data processing between many nodes, which is more helpful for verifying information and speeds up transactions. By then, the throughput of Ethereum will increase by 64 times.
2. DeFi and DEX empower Ethereum
Recently, DappRadar, a decentralized application analysis company, released an analysis report on DApps for the second quarter, which evaluated indicators such as average daily active wallets, transaction volume, and transaction volume, aiming to gain insight into each independent blockchain and the broader DApp ecosystem System health.
Through analysis, it is found that the number of DApps developed based on Ethereum is as high as 1912, and the total transaction volume of DApp agreements in the second quarter reached 12 billion US dollars, ranking first. Among them, the two major decentralized applications, DeFi and DEX, have the fastest growth rate, with the average daily active wallets reaching nearly 5,000 and 4,000, respectively, empowering the value of Ethereum.
3. The number of non-coin wallet addresses reached 42.83 million, exceeding Bitcoin
According to data from GlassNode, the total number of Ethereum wallet addresses with a balance greater than zero hit a new high, reaching 42,834,760, surpassing Bitcoin's 30 million. According to the growth rate of Ethereum wallet addresses in the second quarter, this gap will become larger and larger.
Based on the above three points, Lucian, the chief analyst of BitOffer Exchange, believes that Ethereum will rise sharply next year. Next year's price may surpass Bitcoin and become the digital currency with the largest market value. Therefore, it is now the best way to buy Ethereum. period. However, buying Ethereum spot is not as good as buying the Ethereum ETF fund launched by BitOffer, starting with a minimum of 3 times the income, and also adding an intelligent dynamic position adjustment mechanism and fund compound interest calculation, and the return can reach up to 17 times. If the price of Ethereum successfully surpasses Bitcoin by 50 times next year, the Ethereum ETF fund will rise by as much as 850 times. At that time, you will truly realize the freedom of personal wealth and reach the pinnacle of life!