BlockBeats news, September 20, according to The Block, since the Federal Reserve announced on Wednesday that it would cut the federal funds rate by 50 basis points, major cryptocurrencies have risen. If this market recovery evolves into a sustained bull market, analysts predict that Ethereum on-chain activity will rise sharply.
Jasper De Maere, head of research at Outlier Ventures, said that as market conditions improve, Ethereum’s on-chain activity is likely to increase significantly, driven primarily by speculation but also affected by increased participation in decentralized applications. There are currently a large number of projects ready to launch on Ethereum. As market conditions improve, the emergence of new projects is likely to drive activity across the cryptocurrency space.
