Senior Bloomberg Analyst Mike McGlone has described it as the “Guarantee of the Internet” and thinks that its price may rise due to increased demand.
Mike McGlone, senior commodities analyst at Bloomberg, said on Twitter. in sharingevaluated Ethereum as the collateral of the internet after popular adoption in various fields such as NFT and Metaverse.
McGlone, who has recently predicted that the crypto money market will rise, said in a statement:
Demand increases, supply decreases. The position of Ethereum, finance and money in the digitalization process indicates further price increases.
said.
Ethereum is currently the largest in the world NFT collections and metaverse used in purchasing projects.
In addition, the Shiba Inu team, which recently announced the details of the NFT collection, It has announced that they will sell their NFTs with Ethereum.
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Also, Ethereum The release of 2.0 It is stated that the number of ETH circulating in the market has decreased considerably, as too many Ethereum has been staked in the expected process.
Ethereum latest It gained approximately 4.5% value in a 7-day period. It is trading at $3,278, according to CoinMarketCap data.