Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ETHEREUM NEWS»Is it getting cheaper or higher? Ethereum Dencun Upgrade and ETH Likely to Rise Above $4,000
ETHEREUM NEWS

Is it getting cheaper or higher? Ethereum Dencun Upgrade and ETH Likely to Rise Above $4,000

By Crypto FlexsMarch 13, 20244 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Is it getting cheaper or higher?  Ethereum Dencun Upgrade and ETH Likely to Rise Above ,000
Share
Facebook Twitter LinkedIn Pinterest Email

The highly anticipated Dencun upgrade to the Ethereum (ETH) ecosystem is coming soon and promises significant benefits. cut down the money There are notable changes to layer 2 (L2) networks. The update, scheduled for March 13, will introduce a new data storage system known as Blobs, which will reduce congestion on the Ethereum network and power key new features in a variety of areas.

Ethereum Denkun Upgrade

As recently highlighted in Bloomberg: reportDencun aims to reduce the costs of layer 2 networks like Arbitrum (ABR), Polygon (MATIC), and Coinbase’s Base by making previously costly transactions much cheaper.

In particular, the report noted that the cost of transactions that previously cost $1 has now been reduced to 1 cent, and the cost of other transactions that used to cost cents has also been reduced to less than 1 cent. These cost savings are expected to significantly improve the end-user experience and are a significant improvement over previous upgrades such as “Merge” in September 2022.

One of the most important aspects of the Dencun upgrade is the introduction of blobs, a new type of data storage for layer 2 networks. Current layer 2 blockchain Storing data on the Ethereum network passes significant storage costs onto applications and users.

But for blobs, layer 2 Cost savings are achieved by storing data for a much shorter period of time, approximately 18 days. This change sacrifices storing the full history of every transaction forever, while also reducing congestion by freeing up more space on the Ethereum network for other transactions.

AI-based trading strategy

According to the report, the introduction of Blob through the Dencun upgrade opens the way for using artificial intelligence (AI) in a variety of applications. For example, games can integrate AI-based non-player characters to provide advanced gameplay features and deeper experiences.

in Decentralized Finance (DeFi), automated market makers can incorporate “complex trading strategies” based on AI models. This newfound flexibility and complexity is expected to foster innovation and foster the development of advanced applications in the Ethereum ecosystem.

Additionally, the Dencun upgrade is expected to significantly reduce the operating costs of the layer 2 chain. Previously, getting a Layer 2 project up and running required significant venture funding. However, Bloomberg reported that the cost savings brought by Dencun will allow small teams to launch and maintain layer 2 chains.

While the adoption of Blob and its associated cost benefits are expected to bring immediate benefits, Blob’s costs include: stain This may increase over time as demand increases.

How can Dencun boost ETH price?

Although the price of ETH has corrected by more than 3% in the last 24 hours, with the current trading price at $3,916, the Dencun upgrade is likely to have a positive impact on the price.

This upgrade aims to make Ethereum a more attractive platform by significantly reducing the cost of the layer 2 network and improving the overall user experience. decentralized application (dApp) and other use cases. By lowering transaction fees and improving scalability, Dencun can attract more users and developers to the Ethereum ecosystem, potentially increasing demand for ETH tokens.

It is worth noting that despite the ongoing correction, the current ETH price is not far from its two-year high of $4,084. However, it is important to consider that the price has been formed. double top pattern For the second day in a row, this could be a short-term hurdle for ETH price on daily timeframe. The market’s reaction and ETH’s ability to break above the nearest resistance level are yet to be seen.

The daily chart shows a price correction for ETH below $4,000. Source: ETHUSD on TradingView.com

Featured image from Shutterstock, chart from TradingView.com

Disclaimer: This article is provided for educational purposes only. This does not represent NewsBTC’s opinion on whether to buy, sell or hold any investment, and of course investing carries risks. We recommend that you do your own research before making any investment decisions. Your use of the information provided on this website is entirely at your own risk.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Integrated security classes can accelerate the adoption of institutional passwords.

September 4, 2025

Next chapter of ecosystem support program

August 31, 2025

Kindly, MD’s $ 5B Bitcoin Play comes as DATS raises fear of wider Altcoin fluidity.

August 27, 2025
Add A Comment

Comments are closed.

Recent Posts

Coindesk July 2025 Report: Stablecoins and CBDC

September 5, 2025

NOWPayments To Participate In SiGMA Europe Rome 2025

September 4, 2025

Web3 Enabler Announces Blockchain Payments V3.1 At Northeast Dreamin In Boston

September 4, 2025

Is XRP The Dark Horse Of The Cryptocurrency World? Earn 652 XRP Daily Using Invro Mining’s Smart Contract

September 4, 2025

TRX Was Early, ETH Set The Standard, BNB Built The Scale- Now SYC Brings The Next Evolution

September 4, 2025

Sign Up And Receive $500 Bonus, Ushering In A New Era Of Compliant And Secure Crypto Investment

September 4, 2025

Why experts say that 99%of the traders are wrong

September 4, 2025

ChainUp Named Double Finalist At Thomson Reuters’ ALB Pan-Asian Regulatory Awards 2025

September 4, 2025

Integrated security classes can accelerate the adoption of institutional passwords.

September 4, 2025

Binance explodes 466m LUNC with oblivion: revival play or special effect?

September 4, 2025

Cardano founder says Chainlink quotes ‘ridiculous price’ to them.

September 3, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Coindesk July 2025 Report: Stablecoins and CBDC

September 5, 2025

NOWPayments To Participate In SiGMA Europe Rome 2025

September 4, 2025

Web3 Enabler Announces Blockchain Payments V3.1 At Northeast Dreamin In Boston

September 4, 2025
Most Popular

New Crypto Casino TG.Casino Becomes AC Milan’s Regional iGaming Partner – Blockchain News, Opinion, TV & Jobs

May 7, 2024

Sui Blockchain partners with Ant Digital on tokenized ESG assets.

December 14, 2024

FLOKI, following PEPE, rises 18% on Binance listing in Thailand

May 15, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.