It has been just revealed the fact that there are two catalysts that could send the price of Ethereum exploding. Check out the latest reports about this below.

ETH price could explode soon

The host of Coin Bureau, Guy Turner, has identified two potential catalysts that may trigger a bullish surge for Ethereum (ETH).

In a recent video, Turner informed Coin Bureau’s 2.28 million followers that two upcoming milestones could drive “ETH’s price to new heights.” Turner explained that one of these milestones is the proto-danksharding upgrade.

“The biggest upcoming milestone for Ethereum is the EIP-4844 upgrade which is colloquially referred to as proto-danksharding. The reason why proto-dank sharding is a big deal is because it will basically allow Ethereum to reach a level of scalability that’s comparable with centralized computer systems. This will be achieved by addressing Ethereum’s main bottleneck to scalability which is data availability…

A solution called proto-danksharding allows for unique data blobs to be stored on the Ethereum blockchain, resulting in greater accessibility to transaction data.

This advancement aims to improve Ethereum’s scalability, decrease fees, and speed up layer-2 transactions. Additionally, the Ethereum community is working towards enhancing privacy as a second milestone.

“Besides proto-danksharding, Ethereum developers have apparently been hyper-focused on privacy.

Back in January, [Ethereum creator] Vitalik [Buterin] penned a blog post where he referred to privacy as ‘one of the largest remaining challenges’ in the Ethereum ecosystem and proposed stealth addresses as one solution.”

It is also important to note the following fact: back in April, privacy on Ethereum came into the spotlight again because of supposed privacy concerns related to ETH staking.

ETH in the news

Pendle (PENDLE) has recently been listed on Binance’s Innovation Zone, which allows for spot trading pairs such as PENDLE/BTC, PENDLE/USDT, and PENDLE/TUSD with Bitcoin (BTC), Tether (USDT), and TrueUSD (TUSD) respectively.

The Innovation Zone is a specialized trading area for crypto assets that may experience sudden price fluctuations.

Pendle is a tokenized decentralized finance (DeFi) yield-trading protocol that enables investors to purchase assets at a discount and access an asset’s future yield for trading and hedging.

Pendle was initially launched in June 2021.

Leave a Comment