Bitwise CIO: ETH may lead a crypto market rebound; December Fusaka upgrade is a key catalyst.
AI Summary1 min read
TL;DR
Bitwise CIO Matt Hougan highlights Ethereum's Fusaka upgrade as a key catalyst for a crypto rebound, enhancing value capture and lowering Layer 2 fees. The market is expected to soon recognize its positive impact.
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EthereumBitwiseSmart ContractsLayer 1Fusaka upgradecrypto marketLayer 2 fees
According to Mars Finance, Matt Hougan, Chief Investment Officer of Bitwise, pointed out that much information has been overlooked in the current chaotic market correction. For example, Ethereum's upcoming Fusaka upgrade will significantly enhance the token's value capture capabilities. This upgrade will also introduce the lowest fees for Layer 2 data recording. The market will soon begin to focus on the positive impact of Fusaka. It can be said that Fusaka is an undervalued catalyst and one of the reasons why Ethereum may lead a cryptocurrency rebound.