ETHEREUM CONSIDER TO BE ELECTRICITY

If Bitcoin is considered to be Gold, Ethereum is what I will consider to be electricity providing the actual use case on a more efficient network design for update and innovation as time on rather than just been as time move on rather than just been a store of value and edge against inflation. Ethereum is still currently the world second largest cryptocurrency and constantly providing the crypto industry with innovative upgrade and update made to it blockchain. As you may know already that Ethereum just moved from Proof of Work to Proof of Stake and it is being going well. Ethereum is post for it new upgrade, while April 12th they had the Shanghai upgrade that will allow users to finally withdraw stake ETH that has been locked up for about 2 year now.

The reason why this is significant is because there is estimated 16.5 million ETH currently staked and all those investors will finally have access to realize those gain. The good new is that the ETH will only be available on small portion, this is going to limit the amount of volatility after the upgrade goes live. Ethereum has just been consistent seen those upgrade as being made. We are seeing the application of things like the NFT market getting soar plus in volume and activities. Take for example the Oderdit project, they are finally moving down there entire time line, we got cool collaboration, we got an announcement that the game will be coming out very soon and even the partnership will Gucci.

What you want to take note up of is the fact that if you want to buy or sell any NFT, you will still need Ethereum in other to made those transaction possible. As at the time of writing ETH is currently sitting at the price of $1,995 dollars. You should remember that it all time high was back in November 2021 at $4,867. What this currently means is that, it is down about 61% from it all time high and if it ever return back to that level, we will ne seeing an ROY of over 160%.