#MyCryptoOutlook2022
Hello everybody welcome to the first post by me, The Crypto Bat. Today we are going to talk about the future of Ethereum in 2022.
Right now as of 1/28/2022 the price of one Ethereum is $2,534.48 However, the all-time high just three months ago was $4,878.26 One year ago to date the price of Ethereum was $1,328.77 This means that Ethereum went up over 300% from last year to the all-time high.
Burn program
Ethereum successfully launched there burn program on August 1st, 2021. To date, they have burned 1,685,832 Ethereum, which is $4,270,909,147
While Ethereum is still not deflationary, yet, this does help to stabilize the total supply.
Ethereum has a huge volume with over fourteen billion dollars being traded daily.
Developers
Right now there are over 4,000 developers that are working on Ethereum.
Erc-20 Chain
Ethereum is not only a token but also a platform to launch other tokens. To date, there are 489,602 different Ethereum tokens (Erc-20 tokens).
One of the most popular kinds of platforms made on Ethereum is Decentralized finance A.K.A Defi. One of the most popular Defi exchanges is Uniswap.
Uniswap has a total volume of seven hundred and eighty-six billion dollars in volume.
Ethereum 2.0
Ethereum is set to launch there newest update Eth 2.0 very soon. This update will help to reduce the price of transaction fees and to fully transform the protocol from proof of work (mining) to proof of stake (staking).
Conclusion
From all these factors it is safe to say that Ethereum has a lot of growth potential. In my opinion, Ethereum can easily go up 200%-300% this year.
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#TheGivingBlock
The giving block is a special program that has allowed over 1,000 nonprofits to accept cryptocurrency as a donation.
