Since the launch of the ETH 2.0 deposit contract, users from all over the world have contributed over 3 million ETH to it. Despite strong growth, the project still lags far behind Cardano and Polkadot, where users posted $ 9.3 billion and $ 10.9 billion, respectively. As a percentage of the total number of coins in circulation, they also left Ethereum far behind. However, the launch of Ethereum altcoin futures on the Chicago Mercantile Exchange could lead to "negative price action" for the asset. This is the opinion of the global markets strategist at JPMorgan Chase & Co. Nikolaos Panigirtzoglu. The contracts, scheduled to launch on February 8, are evoking memories of 2017, when the emergence of bitcoin futures coincided with its peak in value ahead of the crash. In 2018, analysts at the Federal Reserve Bank of San Francisco wrote in a report that the rapid rise and subsequent decline in bitcoin after the introduction of futures "does not seem like a coincidence." They pointed out that the contracts "allowed pessimists to enter the market and contribute to a change in price dynamics."
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