Ethereum (ETH) is witnessing a significant uptrend, with the total value staked rising from 19 million to 29.3 million Ethereum (ETH) in nine months, indicating strong confidence in the Ethereum network. Despite this, Ethereum (ETH) price chart has yet to fully reflect this trust, and it’s still underperforming compared to Bitcoin (BTC).
The combination of falling exchange reserves, rising validators, and increasing staked Ethereum (ETH) suggests robust network security and a long-term bullish outlook among users. For those who missed Ethereum (ETH) rise, a new cryptocurrency priced at just $0.008 presents a potential opportunity in 2024, offering a chance for growth in the evolving crypto market.
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The team behind ScapesMania, with years of expertise, has crafted a robust post-listing marketing strategy. Buyback, burn, staking, and all the perks for holders keep attracting new adopters. Through DAO governance, backers will be able to influence and benefit from a multi-billion-dollar industry.
Moreover, the token’s utility is impressive. It’s not another meme coin whose success relies heavily on trends and hype. ScapesMania (MANIA) is a well-balanced, meticulously designed project that acts as a gaming ecosystem.
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ScapesMania, a player in the $376 billion gaming industry, leverages the market’s growth potential. Post-exchange debut, holders can anticipate greater liquidity and easier trading.
The community’s excitement about the project is evident so far, with $5,000,000+ collected to date from crowd/retail contributions alone. The follower count has reached 60K+ and showcases a weekly growth of 12%.
The growing interest from crypto whales with checks of $20,000+ might expedite ScapesMania’s transition from niche to mainstream.
ScapesMania’s smart contract has received approval from prominent security-ranking firms, ensuring peace of mind for holders. Additionally, the award-winning team behind ScapesMania secured a prestigious grant from a prominent player in the blockchain industry.
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Ethereum (ETH): A Surge in Value on the Horizon?
The Ethereum (ETH) staking scene is really picking up steam, with the value locked in rising by over 50% recently – that’s a big thumbs-up from investors betting on its future. The total value staked in Ethereum (ETH) has risen from 19 million ETH to 29.3 million ETH, indicating a robust and growing confidence in the Ethereum network. This uptick is particularly significant given the circulating supply of Ethereum stands at 120.18 million Ethereum (ETH). The combination of falling exchange reserves, rising validators, and increasing Ethereum (ETH) staked points to a strong network security and long-term bullish outlook among users.
Furthermore, Ethereum (ETH) has announced the Dencun Upgrade on the Sepolia and Holesky testnets. So, this Dencun Upgrade on Ethereum’s going to cut down costs and make transactions quicker and smoother. The Dencun Upgrade tweaks Ethereum (ETH) core layers, rolling out new features like EIP-4844 for large Shard Blob Transactions and unique EIP-1153 for quick-use storage tricks. The Dencun Upgrade’s tweaks to Ethereum (ETH) are all about slashing fees and boosting speed, opening doors for the crypto in markets galore.
In terms of price prediction, analysis for Ethereum in 2024 suggests a potential high of $3,346.38, with a more bearish scenario valuing Ethereum (ETH) at $1,850.79. The previous all-time high for Ethereum (ETH) was on November 10, 2021, when Ethereum (ETH) reached $4,878.26.
Considering the current data and developments, Ethereum (ETH) future looks promising. The increase in staked Ethereum (ETH), the upcoming Dencun Upgrade, and the overall positive sentiment in the market contribute to a bullish outlook for Ethereum (ETH). If Ethereum (ETH) successfully implements the Dencun Upgrade and continues to see an increase in network usage and staking, it could see growth trajectory.
Conclusion
Ethereum (ETH) is currently in a phase of significant growth and positive market sentiment, as evidenced by the substantial increase in the total value staked, rising from 19 million to 29.3 million Ethereum (ETH). This trend reflects a strong confidence in the Ethereum network and its future potential.
Despite some underperformance compared to Bitcoin (BTC), the falling exchange reserves, rising validators, and increasing staked Ethereum (ETH) suggest a robust network security and a long-term bullish outlook. The upcoming Dencun Upgrade on the Sepolia and Holesky testnets, aimed at reducing costs and enhancing transaction performance, further bolsters this positive outlook.
With predictions for 2024 suggesting a potential high of $3,346.38, the future of Ethereum (ETH) appears promising, especially if it continues to increase network usage and staking.
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Source: https://cryptodaily.co.uk/2024/02/missed-ethereums-surge-again-discover-the-0008-crypto-that-could-wow-investors-in-2024