Bitwise CIO: ETH may lead a crypto market rebound; December Fusaka upgrade is a key catalyst.

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Bitwise CIO Matt Hougan highlights Ethereum's undervalued Fusaka upgrade in December, which will boost value capture and lower Layer 2 fees, potentially leading a crypto market rebound.

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EthereumBitwiseSmart ContractsLayer 1Fusaka upgradecrypto marketLayer 2 fees
According to Mars Finance, Matt Hougan, Chief Investment Officer of Bitwise, published an analysis on the X platform pointing out that much information has been overlooked in the current chaotic market correction. For example, Ethereum's upcoming Fusaka upgrade (expected in December) 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 the cryptocurrency market rebound.

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