Three reasons why the price of Ethereum could reach $2,000 in January

Here are three reasons why the price of Ethereum could reach $2,000 in January. And here are three altcoins to follow.

The price of Ethereum continued to rise this week, trading at $1,615 at press time – representing a 0.5% drop in the last 24 hours, and on a weekly basis the asset’s price is up nearly 8% .

Could the price of Ethereum, one of the major cryptocurrencies, reach $2,000 as early as January? How will this affect the market? And what are the new altcoins that can follow a similar surge of Ethereum?

Message regarding Web3 protocol for “soulbound’ Ethereum identification

In a January 17th press release, Masa Finance, the first Ethereum Virtual Machine (EVM), announced the first Soulbound ID protocol for the Ethereum mainnet. The platform will facilitate the creation of standard “soulbound” tokens for customer identification (Know-Your-Customer or KYC), credit ratings and other use cases in Ethereum.

Furthermore, the launch of Masa’s soulbound identification on the mainnet requires the development of an on-chain soulbound token protocol and the design of such a protocol to enhance the Web3 ecosystem.


This article is sponsored content and does not reflect the opinion of the CryptoDnes team. The material does not constitute investment advice.


According to the press release by Brendan Playford, co-founder of Masa, the identification should be easy both for users to create in the form of NFTs and for developers to implement as smart contracts based on ERC-20.

The project that proposes this new protocol will allow the development of Ethereum or other ERC-20 tokens. This in turn can be very beneficial for all ETH users and brings many benefits including price stability and more.

The Shanghai update (Shanghai update)

At the time of writing, the number of Ethereum (ETH) validators is 502,636 – according to BeaconScan statistics. This fueled the excitement for the next update. For the Shanghai hard fork, which is scheduled for March 2023, Ethereum developers created a new testnet on January 11. The new developer test environment is known as devnet 2.

The Shanghai update includes several suggestions for improvements to ETH. The update kicks off the Surge phase of the ETH cycle, which attempts to improve the network’s infrastructure and scaling.

The Ethereum team has reached a milestone in the implementation of the Shanghai hard fork. This announcement comes after developers completed the Ethereum code update on January 9, 2023. The announcement states that ETH withdrawals will continue without interruption.

From the planned Shanghai update, traders who own ETH can unlock their tokens and send them to the Beacon chain. A potential increase in demand for Ethereum on exchanges could lead to another rise in the price of the tokens.

Growing interest from institutions

On January 19, Matt Hogan, COO of Bitwise Asset Management, stated in an interview that institutional interest in ETH staking has grown since “The Merger”.

Staking is a method of obtaining incentives to lock in a certain token (in this case ETH) for a certain period of time. People stake their ETH on the security of the network and receive rewards in the form of passive income or additional compensation.

Additionally, a recent survey found that many institutional investors are considering buying Ethereum and other alternative currencies.

The increasing technological development of cryptocurrencies and improvements in the ecosystem have a significant impact on institutional adoption. Additionally, institutional interest in ETH staking could benefit ETH/USD.

Which New Cryptocurrencies Have the Potential to Follow Ethereum’s Price Footsteps

The crypto market is still volatile and unstable, but analysts are still predicting an imminent end to this period and a spike in the prices of all offered assets – Bitcoin, Ethereum and the various altcoins.

However, a number of these altcoins offer a wide range of tools and application beyond the investment market itself, allowing their price to grow over time and bring great profits to those who have invested. A big investment plus is the fact that they are in the pre-sale stage at extremely low prices.

  • Meta Masters Guild – a mobile gaming guild that aims to revolutionize the P2E sphere through more sustainability
  • Fight Out: P2E project encouraging active lifestyle and sports training through various rewards
  • C+Charge: a crypto project aimed at EV owners, allowing them to accumulate carbon credits by charging their vehicles at designated stations.

Meta Masters Guild – A mobile gaming guild that aims to revolutionize the P2E sphere through more sustainability

Meta Masters Guild aims to create a guild for mobile gaming by focusing more on the essentials of game creation – gameplay and the enjoyment it brings – rather than the financial dividends it will bring to developers. In addition, this way the game will get additional stability.

In this way, MEMAG wants to turn the play-to-earn space into a play-and-earn one. Thus, the guild will accumulate a large number of fans among ordinary gamers.

Now MEMAG is in the first phase of its sale with a token price of $0.007. This is the first of a total of seven planned stages, with the price in the last stage being $0.023.


This article is sponsored content and does not reflect the opinion of the CryptoDnes team. The material does not constitute investment advice.


During these seven stages, a total of 35% of the total number of MEMAG tokens will be offered. The rest will be distributed like this – 15% for stock market listings, and 50% will be divided for reserve, for the team and for improvements on the project.

Fight Out: P2E project encouraging active lifestyle and sports training through various rewards

Fight Out is an M2E project created to give extra motivation to active exercisers that gives out rewards for working out, taking on a specific fitness challenge, earning in-app badges and community support.
The main token in which the rewards will be distributed is REPS. With it, users will be able to shop in the app store, pay for individual workouts and branded gear. REPS will also be purchasable via $FGHT.

$FGHT tokens are in pre-sale with a price of $0.0166. The pre-sale is enjoying interest and is on track to quickly raise the sought-after $5 million to complete the first stage. The second stage will start on March 31 with a token price of $0.0333.

C+Charge: a crypto project aimed at EV owners, allowing them to accumulate carbon credits by charging their vehicles at designated stations

C+Charge is an ecological crypto project involving a mobile application and a crypto token. Its aim is to create a peer-to-peer network of charging stations for electric cars that would allow their drivers to collect carbon credits to reduce their carbon footprint.


This article is sponsored content and does not reflect the opinion of the CryptoDnes team. The material does not constitute investment advice.


The $CCHG token can be used as payment currency when using charging stations. The mobile application will also help with this, through which users will monitor the number of their credits, the location of the nearest charging stations and the queues there.

CCHG is on presale. It started in December 2022 with a price of $0.013 per token. The first of a total of three stages is currently underway, and the final price will be $0.0235.

400 million tokens will participate in the C+Charge presale (out of a total of 1 billion). Of the remaining 8% will go for liquidity.

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