Bitoffer Institute: Upcoming ‘Eth 2.0’ Upgrade! ETF Volume Wins Spot Trading In Value.
Since the Bitcoin halving occurred on May 12, markets have swarmed to bitcoin which resulted in significant volatility crush to the market and the various indicators of capital influx, with an amplitude of more than 10%, and futures liquidation achieved $ 1billion at the halving night. While the public was looking forward to the increase in this Bitcoin halving, there was a sharp callback and the market was stunned. Now the opportunity has passed, can market recover after a setback?
With truism, 2020 is the halving year. When everyone turned their attention to BTC, BCH, BSV, and other currencies, they may forget the ETH. As the king of the public blockchain, ETH will usher in 2.0 super upgrade version in 2020. From the POW mechanism to the POS, the time of transaction confirmation is greatly shortened, which will be reduced from the original minute to 3–6 seconds. The impact is no less than Bitcoin halving. Since the beginning of the year, the transaction volume of ETH has exploded and institutional funds have flowed into the first layout. However, the current price of ETH is less than $200. Under these favorable blessings, the ETH is expected to usher in a super bull market!
So how does the upgrade of Ethereum boost confidence in the market? The 2.0 upgrade, promises higher transaction throughput and a new security model under proof-of-stake (PoS). Eth 2.0 has been in development since 2015 but had failed to gain traction due to the highly technical expertise required to pursue it, until now. First of all, upgrading itself means improvement of technology and optimization of the original system, which is such a benefit in concept; secondly, the ETH2.0 version is the replacement of the original one, and with the POS mechanism introduced, it will gradually replace The old POW which indicates that there will be a large number of ETH holders who will pledge their holdings to obtain the identity of the verifier in order to obtain the opportunities of block rewards. Then the ETH in circulation will reduce and may cause a sharp rise in demand, which will lead to deflation, and the price of the currency will naturally be bullish. In the end, ETH will usher in two block forks. On the occasion, the amount of distribution will be reduced by ten times following with a reduction of supply, and eventually, bring the increase of the upgrade release demand. Those two combinations will lead to the arrival of a super bull market for ETH.
The capital attack routing is gradually pellucid with the coming Ethereum 2.0 upgrade. Since the sudden plunge under the influence of the 3.12 epidemic, the bottom has been quickly built and pave the way for the future rise. The minimum rebound of ETH from the $89 contraction to the current $200 position showing the strong bids among the market. What’s more, with a sudden callback showed up when the price has more than doubled while there is no phenomenon of strong volume, indicating that most people are still held with unwavering and steadily.
According to official Bitoffer statistics, under the stimulated by variable bull market conditions, ETH has climbed as high as 125% in the past three months since the Ethereum ETF has risen about 200% over the same period. In the past three months, the 24-hour trading volume of ETH has achieved around 7 billion US dollars and daily turnover of ETF reached $1billion. It shows the year-over-year growth compared with the same period last year with a daily upward trend. Being the world’s largest trading platform, Bitoffer owns more than 80% Ethereum ETF share accounted within the market. Therefore, in the upsurge of Ethereum ETF fund transactions gradually catching up with the ETH itself, why is Bitoffer’s Ethereum ETF sought-after in the market?
The advantages including :
1. Support buying long and short, no deposit, and no fees with open-end funds purchase function!
2. Automatic position adjustment mechanism with at least 3X as high 15X profit!
3. Simplicity of trading, purchase and redemption both with USDT!
4. No limitation of the trading period, no liquidation mechanism and can trading anytime with anywhere!
Let’s calculate with $200 of ETH
1. 2.0 super version upgrade, price X2 theoretically
2. Amount of distribution reduced by 10 times, price X2 theoretically
3. ETH price will be: $200*4=$800 (expected price after upgrade
The comparison of profits between holding the currency and the ETF:
1. ETH earns 4X return
2. Purchasing the Ethereum ETF, the return will be started at 12X and as high 30X (Automatic position adjustment plus funds compounding)
There’s no doubt that purchasing the Ethereum ETF will be a better choice when comparing the profits gain. It’s worth noting that Bitoffer will bring out the most amazing ETH options and be prepared for the coming super bull-market.