Hey Hodlers, as you probably noticed, the price of Ethereum has increased by 21% in the last 14 days, I have analyzed in this thread the main reasons for this bull run:
The transition to Proof Of Stake and therefore to Ethereum 2.0 is getting closer and closer: the contract address has been deposited and the mainnet launch is scheduled for December 1st, 2020.
Paypal will soon enable Bitcoin and crypto payments (including ETH) on their platform. Mastercard, Visa & American Express will allow crypto within a year.
Pfizer and Biontech vaccine was found to be more than 90% effective in preventing COVID-19 during the first interim analysis from phase 3 study. The fact that we are closer to a Coronavirus vaccine is pushing up global stocks and markets, including crypto.
The Federal Reserve has kept the interest rate at 0.25% to try to lift inflation. As government bonds offer such a low yield, investors move to investments like Bitcoin and crypto, which offers no interest but offers high capital gains.
Institutional investors are accumulating reserves in BTC and crypto for the first time in history.
Investors are buying BTC as a safe haven in this period of high volatility in traditional markets. This has an impact on many cryptocurrencies.
According to you Hodlers, what other reasons have pushed up the price Ethereum?
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ETH to the moon 🚀🌘 then Lambo