Home Cryptocurrency dYdX outperforms Uniswap and Bitcoin Outlook Dour

dYdX outperforms Uniswap and Bitcoin Outlook Dour

by SuperiorInvest

Ether (ETH) could be set to skyrocket in 2024 on hopes of ETH ETF spot listingCoinbase (COIN) analysts have said. ETH hit its highest price since May 2022 following the approval of bitcoin ETFs in the US last week. Several of the companies behind BTC ETFs, such as BlackRock and VanEck, are planning similar products for ETH, Coinbase said in a weekly newsletter. ETF hopes aside, Ethereum’s upcoming Dencun upgrade, which aims to improve mainnet scalability, could galvanize investor interest in ETH. Institutional crypto firm ETC Group said in its annual report that Ethereum has a bullish outlook given Ethereum’s current status as the most dominant blockchain for DeFi and the additional returns users can accrue by staking their coins.

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