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22 September 2021
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10 Reasons to Be Bullish on Ethereum

On Tuesday (May 26), Spencer Noon, an investor at crypto-focused investment firm DTC Capital, took to Twitter to explain why he believes that “we’re headed for a new $ETH bull market.”

  • Growth in Ethereum’s Number of Daily Active Addresses

Growing Demand for Gas

Ether Is Needed for Ethereum Network Security 

Growing Demand for Stablecoins (And Most Are Issued on Ethereum)

Increase in the Number of DeFi Users

Increase in Amount of USD Locked Up in DeFi Projects

Growth in Amount of USD Locked Up in ERC-20 Token WBTC

Increase in Popularity of Grayscale Investments’ Ethereum Trust (ETHE)

More Ethereum Is Leaving Centralized Exchanges Than Going to Centralized Exchanges Since ‘Black Thursday’

Increase in the Usage of the Ethereum Network

News Source

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