ETH 2.0 is Live, The future is expected to be bullish

August 31 23:57 2022

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Hello everyone, welcome to “Bixin Q&A”, a talk show launched by Bixin Wallet, mainly focused on the cryptocurrency market. We will invite friends in the industry to express their opinions together. Some of them are senior practitioners, some are technical developers, and some are market traders. They are all active in the market and can provide the latest valuable information in the market.

In each issue, we will select a hot issue to discuss, analyze it from multiple dimensions, and help you filter the value points.

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The topic we are going to discuss in this issue is “ETH2.0 is live = Bullish?, discussing the following five questions:

1. Any impact on cryptocurrency holders?

2. ETH stands on $2000 or Bearish?

3. Any change on cryptocurrency trend?

4. Buy the dip now?

5. Any profitable opportunities this time?

In this issue, we interviewed two friends. The first is Xiao Hei (pseudonym), an active member of the Bixin community who is a 7-year professional trader, and the second is Allen (pseudonym), an entrepreneur of all in web3. No matter how much impact the ETH2.0 upgrade has on the market and ecology, they can basically give the latest feedback on the objective reality in the market.

1. Any impact on cryptocurrency holders?

ETH2.0 is live = Bullish?? The biggest hot topic recently is the ETH2.0 upgrade. The market has also recovered a lot in the past two weeks. However, the closer to the launch time, the greater the storm. What will the ETH ecology follow in the future?

Xiao Hei: ETH upgrade 2.0 actually does not have much to do with ordinary users. If they were long-term holders, the only impact may be that it adds more forked coins.

Allen: After ETH switches to POS, the role of TOKEN is no longer just gas free, the financial attributes of the token itself will increase, and the number of coin holders will increase.

2. ETH stands on $2000 or Bearish?

Xiao Hei: It is still in the bear market stage. As a mainstream encrypted asset, ETH is difficult to get out of the independent market. Unless the global market picks up or the encrypted market ushered in an inflection point, it is still relatively difficult for ETH to break through 2000, even if there is an extreme market that exceeds 2000 US dollars, and will return to its original soon.

Allen: The ETH2.0 launching is actually at the ecological level of the public chain, which brings the greatest changes to miners and developers, and has no logical direct relationship with the market price. The launch of ETH2.0 is just a new stage of public chain development. The beginning of a new stage, not the price. ETH will inevitably break 2000 in the future, but the reason will certainly not be a simple “ETH2.0 launch”.

3. Any change on cryptocurrency trend?

Xiao Hei: No, until the global COVID-19, politics, war, and inflation issues are resolved, the global financial market will not reverse, and the cryptocurrency market will not be independent. Won’t getting better.

Allen: The landing of ETH2.0 is exciting, but it also faces new problems, such as regulation, forks, and so on. Maybe it can bring more good news, but such good energy is still not enough to change the whole market.

4. Buy the dip now?

Xiaohei: I think if you are ready to hold the coin for more than two years, then it is a good time to buy the dip at this stage.

Allen: I don’t predict the market, and I don’t encourage all in, but I personally think it’s a good time to invest now.

5. Any profitable opportunities this time?

Xiao Hei: If you are not a professional trader, it is recommended to pay more attention to the progress of the project. Every good news and every hard fork team may bring a windfall to the coin holder.

Allen: After the POS is launched, there will definitely be some changes on chain ecology. You can pay attention to and deploy defi projects that are more suitable for ETH2.0.

The above is all the answers of the two interviewed guests in this issue. Let’s briefly summarize: The ETH2.0 upgrade will bring a certain reaction to the market, but the fundamentals of the market will not be bearish. When the market is difficult in the winter, everyone can It is a good opportunity to gradually build a position. After the launch of 2.0, it will bring some changes to the ETH public chain ecology, and it is also a good time to ambush the new layout. (The above is the content of the interview guests, and does not represent the views of Bixin)

Thank you for reading. If you have your own opinion on cryptocurrency and are interested in sharing your own opinions, feel free to dm us on Twitter, and we may come to visit you next time!

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