Analyst Thinks ETH 2.0 Staking Will Trigger A New Bull Run

Many cryptocurrency analysts have been in the Ethereum news lately, thinking that the price of this coin could go way up higher in the future. Today, we are featuring a story where one analyst thinks ETH’s 2.0 staking option is going to be the thing that will transform DeFi and trigger a major bull run in the future.

We are talking about Adam Cochran, a partner at MetaCartel Ventures DAO and strategy developer at DuckDuckGo. According to him, the first phase of Ethereum 2.0 which is launching within months from now, is what could trigger a major bull run and transform finance as we know it.

The partner at MetaCartel Ventures DAO and strategy developer at DuckDuckGo, has recently laid out several arguments for why ETH 2.0 “could prove to be the largest economic shift in society” in one blog post. As he said, all of this will help the Ethereum price move upwards in the long run.

1/50

ETH 2.0 is only a few months away, and could prove to be the largest economic shift in society for a few key reasons.

Here is my 7 economic cases for how ETH will preform with the ETH 2.0 rollout. pic.twitter.com/fxIqu07xAb

— Adam Cochran (@AdamScochran) April 17, 2020

The analyst thinks ETH’s staking feature is going to propel the cryptocurrency in the air. However, he is realistic when he suggests that staking could also drive an Ether supply shock. As he noted in the cryptonews, dependable staking rewards of 3% to 5% could attract capital from large investors until around 30% of the total supply is locked up. The forthcoming burn mechanism for Ethereum will contribute to the diminishing supply on markets.

Another theory by Cochran shows that the supply shock is what will create a fear of missing out (FOMO) buying spree among retail investors who are not interested in technical analysis and “just want in.”

The analyst thinks ETH could amplify this FOMO unlike the 2017 bull run, because it is now significantly easier for newcomers to buy crypto with fiat on exchanges such as Binance.

“With no stop-gap this time around, that means these users can all FOMO at the same time. All it takes is one crazy MSNBC headline about Ethereum growth to remind them about their Coinbase account, and the retail investors create a flurry,” the analyst revealed.

Today’s ETH price is trading at $176 with a new increase of 2% this morning. The total cryptocurrency market cap finally made it above $200 billion and is now stable. Bitcoin is struggling to breach $7,000 but its momentum is increasing.