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VanEck Director: Ethereum's "Changing Fundamentals" and Growing Advocacy for Layer 2 Network Could Impact Its Price
Matthew Sigel, head of digital asset research at VanEck, said that if the relevant dynamics of Ethereum remain uneven, then Ethereum's adoption of the Layer 2 network could cost Ethereum trillions of dollars in potential market value over the next few years. The analyst wrote on Thursday on the X platform that Ethereum's "changing fundamentals point to the need to update the model". If "current reality" is reflected, Ethereum's price forecast will explode, Sigel wrote.
2024-10-18 00:38:07
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