dYdX Beats Uniswap, Bitcoin Outlook Dour

Ether (ETH) is as follows: Spot ETH ETF poised to surge in 2024 on hopes of listingsaid an analyst at Coinbase (COIN). ETH reached its highest price since May 2022 after the Bitcoin ETF was approved in the United States last week. Several companies backing BTC ETFs, such as BlackRock and VanEck, are planning similar products for ETH, Coinbase said in its weekly newsletter. Aside from ETF hopes, Ethereum’s upcoming Dencun upgrade, which aims to improve the scalability of the mainnet, could spark investor interest in ETH. Institutional cryptocurrency company ETC Group said in its annual report that Ethereum’s prospects are optimistic given its continued status as the most dominant blockchain in DeFi and the additional returns users can earn by staking its coins.