The imminent launch of Ethereum 2.0 has long drawn the attention of cryptocurrency investors.
Many investors have speculated that the blockchain’s transition to a Proof-of-Stake (PoS) consensus system will help onboard new investors due to its steaking incentives.
It is also widely anticipated that the 2.0 version of the blockchain will help the cryptocurrency fix its scalability issues that have plagued it throughout the past few years, potentially allowing it to continue sustaining its massive utility growth rate.
Analysts are now noting that the fee burn in ETH 2.0 could also lead the cryptocurrency to see negative annual issuance – which would be extremely bullish for its underlying token fundamentals.
It appears that investors are taking notice of this possibility.
Ethereum 2.0 Could Lead the Crypto to See Negative Issuance
It is widely thought that Ethereum 2.0’s testnet will be launched in July, with this being the first step towards the crypto’s lengthy transition.