Will Ethereum Continue To Rise In 2022?
In some interviews with some cryptocurrency trading experts, they share the bitcoin prediction today about Ethereum in 2021-2. According to them, Ethereum is naturally open source. In this case, decentralized applications (DApps) and protocols created on Ethereum were the most used in 2021 and this will continue in 2022. According to xrp news prediction, this trend along with the popularity of DeFi, could drive the growth of Ethereum in this year that starts full of expectations.
In this article, we’ll explain realistic xrp price prediction in more detail why it’s reasonable to believe that the price of ETH will likely rise further in 2022.
Arrival of Phase 1 of Ethereum 2.0
Do you still remember the Beacon Chain launch on December 1st, 2021? The Beacon Chain is one of the three crucial elements of Ethereum 2.0. The two others are PoS (Proof of Stake) and Sharding. These updates will take place in four phases, including Phase 0, Phase 1, Phase 1.5 and Phase 2.
While the launch of Beacon Chain marked the beginning of Phase 0, Phase 1 will arrive in 2022 according to estimates.
You probably want to understand what these updates and new phases mean to investors. Simply put, these are the steps in the development of Ethereum 2.0 that aims to make the Ethereum network more decentralized, secure and agile.
The arrival of each stage means that we are closer to an Ethereum network moving towards perfection. Therefore, when Phase 1 of Ethereum 2.0 arrives this year, it is reasonable to expect the ETH to appreciate in value.
Wider Adoption of Ethereum DApp
Faced with immense criticism and dissatisfaction with the growing power of these companies, the adoption of DApp is gaining more importance, with the network being decentralized. Of course, the more apps that are created based on the Ethereum network, the more their value will continually rise.
Travis is a cryptocurrency blogger and investor. He has been blogging about cryptocurrencies since 2017 and considers himself an expert in the space. Travis also invests in cryptocurrencies and believes that they will become more widely accepted as time goes on.
