The imminent Ethereum (ЕТХ) Спој надградба is currently driving capital inflow into the digital asset, with some industry analysts anticipating that the upgrade would boost trust in the пазар на криптовалентност.
Зборувајќи со CNBC, Jess Houlgrave, the head of the crypto strategy at payment giant Checkout.com, опција that despite seeing lower trading volume on the platform, the Merge is likely to renew some confidence in the cryptocurrency market.
“On the trading side, we’re certainly seeing lower volume overall, but its still moving there’s still news moving the ecosystem. I think as we see the Ethereum Merge coming later this month that’s likely to renew some confidence in the ecosystem,” she said.
Houlgrave also stated that there’d been an increase in the number of crypto wallet addresses on most of the major “layer one” blockchains. Despite the reduced trading volume in the market, the platform is reporting a rise in wallet addresses and the creation of more паричници. These wallets might be owned by current crypto holders or by new holders who have just entered the market.
“I think that’s actually being driven not necessarily by new traders coming online new retail traders who think of crypto as a kind of currency and investment asset but actually people who are beginning to use real-world applications of crypto including money remittance, purchasing NFTs, and other digital assets.”
Ethereum improves its market dominance
The impending Merge upgrade is seeing Ethereum cut into Bitcoin’s (БТК) market dominance as the top-ranked cryptocurrency by market capitalization as of September 6, saw its crypto market dominance drop to a four-year low, falling as low as 38.2%, while Ethereum’s market dominance climbed as high as 20.4%.
Source: https://finbold.com/checkout-com-strategist-expects-ethereum-merge-to-renew-some-confidence-in-crypto-ecosystem/