Posted 2/20/2024, 7:02:19 PM
Ethereum Upgrades, ETF Hopes Fuel Optimism for Ether in 2023
- Ethereum's Denon upgrade coming in March 2023, which aims to reduce transaction costs
- Optimism around potential approval of a spot Ether ETF in 2023, with multiple financial institutions applying
- Ether prices expected to outperform or track Bitcoin leading up to the May SEC decision deadline
- Ethereum remains dominant for building dApps, NFTs and tokenized assets despite underperforming Bitcoin in 2022
- Major players like Coinbase and Standard Chartered optimistic about Ethereum's future based on upgrade and potential regulatory clarity