Ethereum (ETH): Truth Revealed!!! | Is Ethereum The Next 15x Coin??? | ETH News & Price Prediction!!

Ethereum (ETH): Truth Revealed!!! | Is Ethereum The Next 15x Coin??? | ETH News & Price Prediction!!

What is (ETH) Ethereum?
A Proof-of-Stake blockchain

Powers decentralized applications (dApps) through smart contracts

Offers a wide range of applications such as decentralized exchanges, crypto lending & borrowing platforms

ERC-20 Tokens

Ethereum allows the creation of ERC-20 tokens, which serve as native tokens for applications on the Ethereum blockchain

These tokens have various use cases, including governance, utility (e.g., paying trading fees), & acting as stores of value, as seen with stablecoins like USDT & USDC

History & Performance
Conception
In 2013, Vitalik Buterin published the Ethereum whitepaper, outlining the concept of a blockchain with smart contracts
In 2014, Gavin Wood published the yellowpaper, providing more technical details on Ethereum’s workings

Fundraising & Launch
In September 2014, a fundraising sale was conducted, & Ethereum’s network went live in July 2015
This marked the beginning of Ethereum’s journey towards revolutionizing the blockchain industry
Transition to Proof-of-Stake
On September 15, 2022, Ethereum successfully transitioned from Proof-of-Work (PoW) to Proof-of-Stake (PoS) consensus with the Merge
PoS allows validators to secure the network & earn rewards by holding & staking ETH
Ether (ETH)
Plays a crucial role within the Ethereum ecosystem
Utility & Gas Fees
Required to pay for gas fees, ▶︎ the cost of executing transactions & smart contracts
Gas fees are denominated in gwei, a fraction of ETH
Staking Rewards
Stakers on the Ethereum network earn ETH as rewards for securing the network through the PoS consensus
Staking contributes to network security & decentralization

Cryptocurrency
ETH is a cryptocurrency that can be traded on various centralized & decentralized exchanges
It serves as a tradable asset, similar to Bitcoin, with its value determined by market demand & supply

Collateral & DeFi
ETH can be deposited as collateral in decentralized finance (DeFi) protocols to access loans, generate yield, or participate in other financial activities within the Ethereum ecosystem

ATH price: $4,878.26 – Nov 10, 2021
ATL price: $0.432979 – Oct 20, 2015

Market Cap: $226,098,235,235
Total Supply: 120,188,176
Max Supply: ∞
Circulating Supply: 120,188,176

On-Chain Data
ETH Real Volume
05/27 – 06/25 / 2023: +193.49%

ETH Marketcap Dominance
05/27 – 06/25 / 2023: -2.56%

ETH Sharpe Ratio
05/27 – 06/25 / 2023: +395.89%

ETH Volatility
05/27 – 06/25 / 2023: +22.94%

ETH Active Addresses Count
05/27 – 06/25 / 2023: +15.30%

ETH Transaction Volume
05/27 – 06/25 / 2023: +7.02%

Latest News
Crypto-based investment products experienced their largest weekly inflows since July 2022 (CoinShares’ weekly fund report)

Total inflows across these products reached $199M, with Bitcoin leading the way with inflows of $187M

The total assets under management in crypto investment products also reached a yearly high, surpassing $37B & recovering from losses incurred since Three Arrows Capital’s bankruptcy in July 2022

London-based ETC Issuance GmbH’s Bitcoin exchange-traded product, BTCE, recorded the highest weekly inflows at $77.3M

HSBC Hong Kong’s move makes it the first bank in the region to allow trading in crypto ETFs, according to Chinese crypto reporter Colin Wu

Hong Kong has introduced a new licensing regime for crypto platforms to attract more crypto firms, as the U.S. has been cracking down on the industry

The Hong Kong Monetary Authority (HKMA), the banking regulator, is reportedly pressuring HSBC & other major banks to accept crypto exchanges as clients

It is uncertain if HSBC Hong Kong’s rivals will also list crypto ETFs, & the race for a spot bitcoin ETF is ongoing in the U.S., with filings from BlackRock, Invesco, & WisdomTree

Price Prediction: Ethereum (ETH)?
TECHNEWSLEADER:
2024: $4,060.25
2026: $8,775.49
2028: $17,510.67
2030: $35,866.56

DIGITALCOINPRICE:
2024: $4,585.89
2026: $8,541.45
2028: $10,322.34
2030: $19,499.46

PRICEPREDICTION:
2024: $3,874.74
2026: $7,906.82
2028: $16,624.18
2030: $32,316.36

PowerPoint slides: https://docs.google.com/presentation/d/1x1cqukYTiy6p8CuUF71sN187LAB5mwsh/edit?usp=drive_link&ouid=114211160006036424476&rtpof=true&sd=true

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