Ethereum (ETH) As mentioned above, Ethereum scaling solutions | Crypto Great | Bitcoin | DeFi

Ethereum (ETH)

As mentioned above, Ethereum scaling solutions are starting to take off. These Layer-2 networks are critical for Ethereum onboarding hundreds of millions of users. And as Layer-2 activity increases, so does the demand for ether (ETH), since it’s required to secure these Layer-2 networks.

In addition to Ethereum solving its scaling troubles, we look forward to the network’s switch to Proof-of-Stake consensus later this year.

This transition will see the ETH token become deflationary. And as you can imagine, that will put upward pressure on ETH prices.