Ethereum Market Predicted to Increase in 2024

Liputan6.com, Jakarta – Director of Ethics & Impact from Fasset Mufti Faraz Adam predicts that Ethereum will have a moment of improvement in 2024. This refers to digital market landscape trends in 2022 and 2023.

Mufti sees 2023 as a year of recovery after the turbulent events of 2022. According to him, the Ethereum market has experienced significant fluctuations over the years, with utility and adoption growing along with the expansion and fluctuation of the crypto market as a whole.

He views that in 2023, the market focus will mostly be on anticipation upgrades further into networking, regulatory developments, and technology integration blockchain to traditional finance and other industries.

“Entering 2024, the Ethereum market anticipates several important trends and projections that are based on strong fundamentals such as the continued impact of the Merge Ethereum event, namely the transition to Proof of Stake which continues to shape the Ethereum ecosystem,” said Mufti in his statement, Sunday (10/ 3/2024).

“The improved energy efficiency and potential for increased scalability promise long-term environmental and sustainability benefits,” he continued.

Mufti said that more and more governments around the world are trying to develop a regulatory framework for the crypto market. This will have an impact on the Ethereum market.

“The growth of DeFi, a decentralized financial system, is one of the most exciting applications built on Ethereum, and this domain will likely experience continued growth in 2024 with the emergence of new financial protocols and tools.” he explained.

Disclaimer: Every investment decision is in the hands of the reader. Study and analyze before buying and selling Crypto. Liputan6.com is not responsible for profits and losses arising from investment decisions.