The article below is a submitted piece and is not the responsibility of Crypto Insider. This is not financial advice and our analysts are not financial advisors. Investment involves risks. Always consult an advisor when making financial decisions. The information and tips on this website are for educational purposes only.
Ethereum (ETH) has been the second most valuable cryptocurrency by market capitalization for many years after bitcoin (BTC). It has gained that status because it offers many more options than Bitcoin and thus manages to attract many users.
You can develop your own decentralized applications (dApps) with Ethereum technology. For example, with a dApp you can think of a DeFi platform, an NFT Marketplace or a Decentralized Autonomous Organization (DAO).
A lot happened to Ethereum last year when the developers of the network decided to move from the Proof-of-Work mechanism, where miners keep the network updated, to Proof-of-Stake.
Many analysts seem convinced that the Ethereum price will rise, but can the currency increase in value 5 times? In this article you will find a new cryptocurrency that can do this!
>>> Direct investment in new crypto-IMPT <<
Why ETH can rise to $2,000 and above
The aforementioned shift from PoW to PoS has huge implications for the network. According to the Ethereum developers, the changes are mostly positive, but the ether price doesn’t seem to reflect that yet.
The price fell significantly after the “merger”, as the change is called. This has everything to do with a well-known principle in the crypto market. Investors buy a coin in anticipation of an event, but cash out their profits before it even happens.
For example, the price of a cryptocurrency often increases as it approaches the event, but decreases when the event occurs. This does not immediately mean that the update was not successful, as this phenomenon occurs more often.
Therefore, many crypto experts are still convinced that Ethereum will just rise again and break the $2,000 barrier in the foreseeable future. It will not be the first time, at the beginning of 2022 the Ethereum price was still close to €4,000.
Improvements to the Ethereum network
At first glance, the switch to Proof-of-Stake has some significant advantages for Ethereum. The network was not fast enough to process transactions and each transaction cost more and more due to the congestion on the network.
With PoS, the speed of a network can be significantly increased and a large part of the costs eliminated as well. This is because much less energy is required, which means far less money is spent on the users who help keep the network up-to-date.
All in all, Ethereum seems to have taken a decisive step to remain relevant for the foreseeable future and develop a future-proof currency as more and more people look at how harmful a currency is to the climate.
New crypto coin IMPT may also rise sharply
Many investors who want to invest in Ethereum because the coin is now much less harmful to the climate will also come across another coin. The new cryptocurrency IMPT goes one step further in the fight against climate change.
With IMPT you can easily carbon credits buying. These credits are usually bought by companies to justify a certain amount of CO2 emissions.
You can trade with these CO2 credits, but you can also choose to destroy these credits. It seems like an unwise choice because you lose money, but you get something in return; namely a green NFT.
This NFT can also be traded on the IMPT platform itself. There are also all kinds of sustainable projects on this platform that you can support by shopping online through the IMPT widget or app.
With this you can go to your favorite brand or store if it is associated with IMPT. Subsequently, a portion of the purchase price for each purchase goes as a donation to one of the sustainable projects supported by IMPT.
All in all, IMPT is going a long way in the fight against climate change and right now is building a platform that you can actively participate in. Take advantage of the advantageous pre-sale price of the IMPT token today.
>>> Direct investment in new crypto-IMPT <<
The above article is a submitted piece and is not the responsibility of Crypto Insider. This is not financial advice and our analysts are not financial advisors. Investment involves risks. Always consult an advisor when making financial decisions. The information and tips on this website are for educational purposes only.