According to the analyst, an optimistic forecast for the second price of cryptocurrency capitalization involves an increase of up to $ 15,000.
“Most believes that the approval of ETH-ETF is already laid down in the price, and it has failed compared to BTC. This is wrong. Because a real catalyst is still ahead: stakeing approval is expected until October. As soon as this happens, ETH will be the first Crypto-ETF income in the history of the United States, ”Jackson said.
He explained that such an innovation will necessarily attract an influx of institutional capital and increase the demand for stakeing, as the institutions will want to capitalize the profitability from stakeing. The stakeing process will increase the deficiency and price of cryptocurrency.
The development of decisions of the second level and the tokenization of real assets (RWA) will further increase the value of the ether by increasing the commissions for the transaction. As soon as the broadcast becomes a productive stake -asset, it will become a profitable product of the institutional level, the expert said.
In his opinion, the fundamental role of the broadcast in the formal decentralized and oriented financial ecosystem will cause a significant increase in the price in the long term.
Earlier, the Bit Digital large mining company announced the termination of bitcoin production and the transition to a business model oriented towards the airtime.
Source: Bits
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.
