Thread by @CoinRankApp, Ethereum is top on Coinrank. Here’s a thread on why you should [...]

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Ethereum is top on Coinrank.

Here’s a thread on why you should be bullish on $ETH in 2021 https://coinrank.app/

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In the first quarter of this year, Ethereum settled $1.5T of transactions.

That’s more than the entire of 2020.... In just 3 months

Exchange outflows of $ETH are hitting all time highs.

More and more people are moving from centralised exchanges into DeFi.

Network effects / Metcalfe’s law: the Ethereum ecosystem is huge, unparalleled and growing rapidly.

Nothing even remotely compares and it’s getting more valuable by the day.

Staking: almost $10B is now staked on ETH 2.0

That’s a lot that cannot be spent and it’s only increasing in the near term.

Ethereum devs are powering towards the implementation of EIP1559 (July) and then the elimination of proof of work later this year. Transaction volume can then

Fiat currency is going digital through stablecoins like USDC.

USDC is powered by Ethereum.

The traditional finance infrastructure is being replaced with blockchain tech. Right now.

Visa moves billions of dollars each day.

Visa have already announced that they’ve settled a USDC transaction, using Ethereum.

Ethereum transactions are going to rocket. Way faster than most realise.

As you can see, it’s difficult to overstate how far $ETH could go over the next 1-2 years.

Please share why you’re bullish (or not) below.

Thanks for reading.

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