Will Ethereum break the resistance and skyrocket to reach the 8k price by the end of this year? Well, ETH is currently trading at $3,277.70, after increasing 20% in the past 30 days. This means increasing by almost 60%.
The Ethereum upgrades, coupled with the bullish market condition, are why ETH will break the resistance. The Ethereum team is working on making the Ethereum blockchain faster, lowering the gas fee, and addressing all the major limitations of this blockchain. Once the upgrades achieve this, the Ethereum price will skyrocket and might even surpass the 8k mark.
Read more about Ethereum developments and why it is going to break resistance soon, plus these two exciting crypto investments:
The Bitgert (BRISE) project is one of the fastest-growing cryptocurrencies in the industry right now. The Bitgert price has been skyrocketing when almost all the top cryptocurrencies have been plummeting. The Bitgert blockchain, BRC20 blockchain, is one of the biggest factors making this cryptocurrency popular. This is the first gasless blockchain and the first chain to surpass Solana speed to reach 100k TPS.
The Bitgert team is adding 1000+ projects to its ecosystem, which are going to skyrocket the Brise token price. There are also many products coming on the chain. These are just some of the developments making the Bitgert attractive to investors. With the fastest blockchain that has the lowest gas fee and hundreds of projects, Bitgert is a project to watch.
The Centcex project hype has shot up over the last few weeks. This is one of the few coins that have been compared to Bitgert due to the fast pace of development. There are a number of things making Centcex popular, but what excites the crypto community the most is the huge utility.
The Centcex project is developing the largest number of products for this ecosystem, with the Centcex exchange being the first product. The exchange is already complete and might be launching any time in Q2. Other products include tens of dApps, user bases, and staking programs. The massive utility is the biggest thing attracting crypto investors to buy Centcex today. Centcex has hundreds of products coming on the chain.
Ethereum may not have done well in the market in Q1, but it remains one of the coins to watch. There is no blockchain that will be able to replace Ethereum. Not even Bitgert. But many will compete and even overtake this project in various aspects. The biggest challenge with the Ethereum blockchain is the scaling, decentralization, and expensive gas fee.
The likes of Bitgert blockchain are offering a more attractive blockchain, which is faster and cheaper than Ethereum. However, the ongoing Ethereum upgrades will make a difference. The upgrades will make the network faster and also lower the gas fee, which will increase Ethereum adoption, and that’s how it will break resistance. Therefore, this is a project to watch.