On September 20, The Block reported that major cryptocurrencies have risen since the Federal Reserve announced on Wednesday that it would cut the federal funds rate by 50 basis points. If this market recovery turns into a sustained bull market, analysts predict that Ethereum on-chain activity will rise sharply.
Jasper De Maere, head of research at Outlier Ventures, said that as market conditions improve, Ethereum's on-chain activity may increase significantly, mainly driven by speculation, but also affected by increased participation in decentralized applications. There are currently a large number of projects ready to go online on Ethereum. As the market environment improves, the emergence of new projects may drive activity in various cryptocurrency fields.
