Anthony Sassano, one of the developers of Ethereum (ETH), has made some predictions about developments that may occur in 2021. Voicing some of the scenarios that Ethereum might experience this year, Sassano explained that the price of ETH could chart better than bitcoin (BTC).
The price of Bitcoin (BTC) rose above $ 29,700 as of January 2, renewing its price record. ETH / USD is traded in the range of 730-740 dollars. Although ETH did not break its own record in 2020, it managed to gain more than 400% of the value throughout the year and draw a better chart than Bitcoin (+300%). Anthony Sassano shared his predictions for this year after 2020 fell behind.
DeFi tokens may start entering top 30
Sassano believes that some of the coins listed as the market’s “30 largest cryptocurrencies” are actually dead. The Ethereum developer announced that DeFi tokens could replace these cryptocurrencies in 2021.
According to DeFi Pulse Data, the DeFi market has a total value of $ 14.6 billion. It tops Maker with $ 2.8 billion, followed by Aave with $ 2 billion.
The DeFi market was valued at $ 650 million at the beginning of 2020. That number was more than $ 14 billion at the end of the year.
What awaits Ethereum developers?
Aiming to move to the Proof-of-stake algorithm, the ethereum community collected 524,288 ETH for this transition process in December 2020. The developers then implemented Phase 0 (phase zero) of the Ethereum 2.0 update.
Sassano said phase one could be implemented this year. The deposit contract for Ethereum 2.0 contains more than 2.1 million ETH.
In addition, the Ethereum developer announced that the bill, called EIP-1559, could be adopted. According to Coin Metrics data, ethereum miners have started making much more money thanks to DeFi users, and this could affect the future of EIP-1559.