Cryptocurrency

5 factors that can drive the price of Ethereum in 2020

In this opportunity, we bring to you the 5 factors most important that could drive the price of Ethereum this 2020. Once the first month of 2020, the users cryptographic are waiting to see positive results for Ethereum. After several seasons bad, this new decade promised many advancements for the digital currency. And the waiting has paid off. In fact, Ethereum launched the month of February, much better than the criptomoneda leader, Bitcoin. But, what are the key points of this new success for the asset created by Vitalik Buterin? Here are the five most important.

The eyes on Ethereum 2.0

The long-awaited update Ethereum 2.0 at the end will begin to implement their first phases this 2020. It is expected that, with the update, several issues of the digital currency are addressed, such as those related to scalability and security. The high expectations that you have about this project can be influencing the price of the criptomoneda. In addition, it is expected that as more closer to the publication date of these updates, the more trust is generated between the users.

A monetary policy top

With the monetary policy of the criptomoneda reference is made to the total supply of Ethereum and how much of that percentage is used in the decentralized applications (DApps). In the event that the supply of Ethereum is not enough to support the rapid adoption, explained that a burden on the network Ethereum to retain all the demand. On this point, Luke Campbell, a member of the Fitzner Blockchain Consulting, explained that: “If the funding without permission is the use case of Ethereum that drives the value, the protocols of money more large that they consume between 5 and 10% of the bandwidth the total economic to feed the global finances are not out of the question. However, for that Ether delivered successfully funding without permission and without trust the world, will require a large amount of bandwidth that is economic to support it”.

Increase the finances of the decentralized

Every day there are more people who decide to bet for the digital world to conduct their daily activities. Whether interacting through social networks, obtain knowledge and, even, store their funds. In part, this is one of the reasons why the cryptocurrencies have been so booming lately. Because, in the digital world, the coins are cryptographic have the advantage. This is another of the reasons why Ethereum can see his next great moment this 2020. As it is one of the cryptocurrencies more used to financial matters on a decentralized basis.

Improving the scalability

To improve all the transactional process, it is necessary to improve the scalability of the digital currencies. It is believed that this year Ethereum will improve even more than the rest of the digital currencies due to the updates that you have planned to improve this aspect.

Network innovative

The innovations that were made and continue to be made in the Blockchain of Ethereum represent one of the elements most important criptomoneda. In fact, before it began its slow period, was the chain of blocks of ETH which gave an added value to this asset. The following two tabs change content below. I am a student of International Studies, interested in new technologies and their impact on the world. A true believer that tenacity is the foundation of success.

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