Regarding the GR8 $1 Million Open Source Fund, Vitalik Buterin pointed out that a new features is around to support Ethereum’s worldwide community. They are experimenting with regional categories, starting with one for East Asia.
Sydney Ifergan, the crypto expert tweeted: “The Ethereum (ETH) community are awaiting a big pump. It takes some influential stream of events to see some true price action happen.“
The good thing about Ethereum (ETH) is that the stakers are users, developers and investors. When commenting on pumpamentals one of the users stated that it really depends on it being solidly built and the elegance of its design to incentivize adoption and growth.
In terms of Price, it is not stagnant in one place, things tend to be cyclical. Also a predictable event, which can be pinpointed in time will drive the markets and interest. This seems to add a kind of game theory and participants get interested in investing. It is only when the numbers go up people pay attention. Some of them buy the emotion and some of them buy the fact. Some of the theatrical events like in DeFi has kept all people interested.
With Ethereum, there is always this complaint of when will gas fees go down. Users feel frustrated to pay so much gas when banks are literally charging nothing in comparison for sending or receiving money.
For now, the Ethereum’s PoS has stronger properties than several other existing protocols. It has been designed in a way to be ready to be plugged in to sharding. This increases the complexity.
Ethereum (ETH) Contentious Competitor to Bitcoin
Grayscale reportedly has to state that there are a new group of Ethereum-first investors and there is a growing interest in Ethereum. The conviction about ETH as an asset class is the region. Some of them feel that Ethereum is slowly evolving to be the contentious competitor to Bitcoin as an asset class.
Ethereum strives to be a world computer and the kind of attention that ETH attracts from investors is for its ecosystem facilitating decentralized apps. BTC is hailed for its image as a digital gold though. For whatever reasons, ETH is gaining improved investor attention than before.
It is now well-known that the cryptocurrency space is huge and a lot is happening than just use cryptocurrency for store of value. The numbers of use cases are building up every day. The way Ethereum is building up, it is moving towards a massive break out in terms of price and user outreach.
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