Ethereum is resuming market dominance as Jay Clayton pumps Bitcoin
Bitcoin has been maintaining its strong uptrend all week and this looks set to continue.
As I addressed in last week’s article, Ethereum has been dramatically underperforming of late but has some key fundamental factors coming into play soon that will have a very large impact on price.
Ethereum has been plagued by scaling issues – namely very high gas fees that mean processing Ethereum transactions is very expensive.
The two major updates coming to Ethereum over the next couple of months that will make Ethereum deflationary and reduce gas fees are likely to have a big upwards effect on the price as Ethereum bridges the gap between Ethereum 1.0 and Ethereum 2.0.
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