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ETH Price Prediction: New Exchange Application Could Bring Staking to 21Shares’s Ether ETF – Can This Push ETH to $4,000?
The recent buzz surrounding the potential integration of staking into 21Shares’ Ether ETF has investors and traders alike wondering what this could mean for Ethereum’s price. With some experts suggesting it may propel ETH to a new all-time high of $4,000, let’s dive deeper into the implications.
For those who might be unaware, Cboe BZX Exchange has officially filed for SEC approval to incorporate staking capabilities within 21Shares’ Ether ETF. If granted, this move could mark a significant milestone in institutional adoption, potentially driving demand and subsequently pushing ETH closer to the coveted $4,000 mark.
While we wait with bated breath for the outcome of this proposal, another player has entered the ring – PlutoChain. This newcomer is touting itself as a hybrid Layer-2 solution for Bitcoin, offering unparalleled scalability, speed, and interoperability with Ethereum’s massive ecosystem.
In essence, PlutoChain’s cutting-edge technology could enable faster transactions, lower fees, and seamless communication between the two largest cryptocurrency networks by market capitalization. This trifecta of benefits may just be what’s needed to revitalize investor interest in Bitcoin, potentially leading to a surge in its value.
But what does this mean for Ethereum? Well, if PlutoChain can indeed deliver on its promises, it could also have profound implications for the world of decentralized finance (DeFi). Imagine being able to tap into the liquidity and user base of both Bitcoin and Ethereum simultaneously. It’s an enticing prospect that might entice even more institutions to jump into the fray.
Of course, all these developments are still speculative at best, but one thing is certain: the crypto space will be watching with great interest as these proposals unfold.
Source: coinpedia.org
