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Ethereum 2.0 and EIP-1559 will boost ETH’s long-term value proposition

From cryptoslate.com

Unlike Bitcoin, Ethereum has not earned the status of being a digital store of value. It isn’t clear why this is the case: the asset has rallied some 100,000 percent since the project’s initial coin offering. Still, fund managers on many occasions have suggested that investing in the cryptocurrency over long time frames may make little sense. Exponential Investments partners Leah Wald and Steven McClurg, for instance, wrote in June: “On the other hand, given Ether’s inability to adequately serve as a store of value, it remains a highly risky speculative instrument. Ether traders look to take profit from its ... (full story)

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  • Category: Fundamental Analysis