Ethereum: Will Buterin’s Final Roadmap Make Ethereum Climb the Crypto Ladder?

On November 5, Vitalik Buterin tweeted “Updated Roadmap Outline” Showing Future Changes for Ethereum [ETH]. As we can attest, changes have been made to the rim and scourge sections of the roadmap.

_________________________________________________________________________________

Here AMBCryptos Ethereum Price Prediction [ETH] For 2022-2023

__________________________________________________________________________________

Some new changes are on the way

With the new updates in mind, Vitalik and the Ethereum team aim to fully investigate flooded Ethereum plans to solve MEV problems. These changes to the roadmap may make some investors optimistic about the future of Ethereum. However, there were other weaknesses that could act as an obstacle to the growth of Ethereum.

according to my path tweet Published on November 4, Ethereum saw a significant correlation with the overall macro markets. As can be seen, the price of Ethereum had an 88% correlation with real returns. If the correlation continues, Ethereum could be significantly affected by negative movements in the overall macro market.

Source: messari

While this correlation could make buying Ethereum riskier, there are many traders who could benefit from Ethereum’s growth. additional, to me glass knotCrypto analysis company, headlines’ share of profit has reached one one month max 58%. Subsequently, the number of titles in losses during same period.

positive post for Ethereum Its growth will be in terms of its average deal size. As shown in the image below, the average transaction volume has increased significantly over the past month. On November 5, the average transaction volume for Ethereum was $66.42.

Source: Glassnode

Can you do better than ETH?

Despite all the changes in the Ethereum store, the altcoin king still needs to show improvement in other areas. for example, EthereumNetwork growth has dropped dramatically in the past month. This indicates that the number of new addresses moving Ethereum for the first time has decreased.

Besides, a decrease in daily Ethereum activity was also observed. Daily active titles Ethereum Grid’s value has dropped dramatically over the past month. On November 5, the number of daily active addresses on the network reached 198 thousand.

Source: Glassnode

At the time of writing this report, Ethereum It traded at $1,617, down 1.77% in the last 24 hours.

Leave a Reply

Your email address will not be published. Required fields are marked *