Editor's Note: This article comes fromChatting with Xiaozha (ID: xiaonazha88), reprinted by Odaily with authorization.
Editor's Note: This article comes from
Chatting with Xiaozha (ID: xiaonazha88)Chatting with Xiaozha (ID: xiaonazha88), reprinted by Odaily with authorization.
New Year's Day gave the market a good celebration, BTC rose to 34,000 US dollars, ETH rose to 1,000 US dollars, a strong smell of a bull market.
8 signs show that ETH has entered a bull market, what do you think?
". At that time, the price of ETH was $539, and now ETH is about to hit $1,000.
BTC has been hitting record highs, and ETH is still more than $400 away from the historical high of $1,422. It is estimated that a breakthrough is just ahead.
How high will ETH reach in the future? Many people predict that the market value of ETH will exceed BTC, what do you think?
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ETH is still the same ETH, and it is still so congested, but the amount of locked positions in DeFi has been rising, and it is now 27 billion US dollars.
Locked funds in DeFi have increased by 27 times in 2020. So how much more will it grow in 2021? Something to look forward to.
For DeFi, it depends on the ETH ecology. Regardless of the fact that ETH is getting more and more congested and GAS is getting higher and higher, but the DeFi on the ETH ecology has stronger vitality and stronger originality. Even the imitation disk, the vitality is unmatched by other public chains.
Of course, DeFi on other public chains also has many opportunities to make money, because the market needs hype.
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2. The gas fee of ETH is expensive but expensiveThe gas fee on ETH is not cheap in the first place. Now that the price of ETH is rising, the gas fee is even higher. A DeFi operation costs hundreds of RMB, which is enough to eat Haidilao.The operating cost on ETH is so high, and things are so expensive, why don’t you play with so many cheap public chains, and have to play DeFi on ETH?
This is like saying that the housing prices in Beijing, Shanghai, Guangzhou and Shenzhen are expensive and the traffic is congested; in comparison, the second and third tier cities are much more comfortable, but a large number of people still go north, Shanghai, Guangzhou and Shenzhen because there are more opportunities there.
Let's talk about it here
” view on this issue.
1) The user base of the ETH chain: the number of daily active addresses has doubled, the demand for block space has reached a new height, and the network fee has topped the public chain; (Shenzhen's population is increasing, the demand for land is high, and the land price is expensive)
2) Assets carried by ETH: 16 billion U.S. dollars in stable currency assets, absorbing 150,000 BTC; (Shenzhen is a young city with an average age of 32)
3) DeFi, the largest application on ETH: DeFi users will increase by 10 times in 2020, and locked funds will reach 27 billion U.S. dollars. Among them, DEX will directly challenge CEX. (Shenzhen has developed Internet technology, and even the United States has suppressed technology companies in Nanshan District of Shenzhen from time to time)
3. Algorithmic stable currency, a hot spot in DeFi
Algorithmic stablecoins are a big track. Stablecoins were originally the playthings of large institutions. Now that algorithmic stablecoins are released, retail investors have the opportunity to surprise institutions.
The most popular DeFi on ETH recently is the algorithmic stablecoin, from AMPL to ESD to Basis, accompanied by a series of imitations, the market is very restless, and the funds are very active.
Regarding the algorithmic stable currency, the public account "Xiao Zha Chat" also wrote a lot.
