Is Ethereum Ripe For Another Bull Run?

ETH is the most actively used blockchain established to enable the creation and use of smart contracts and decentralized applications.

  • The Ethereum network forms the backbone of almost all ICO, decentralized apps (dApps), DeFi protocols, and NFTs
  • The total addresses in ETH continue to grow despite weak prices, which indicates the enormous interest in the future of ETH.
  • The upcoming ETH2.0 upgrade is scheduled as early as the third quarter of 2022.

The price of Ethereum (ETH) has tumbled along with the crypto market in anticipation of rate hikes, inflation, and recession rhetoric echoed by the mainstream media. ETH has fallen from $4812 to $1205, a 75% drop since its peak in 2022. Most importantly, ETH appears to have bottomed out, as 51 percent of the current …

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