$ETH tokens will be required to stake in order to validate the network, given the shift from POW to POS.
In theory, this means that more tokens are locked (reducing supply), and well as increasing demand due to the higher APR achievable through staking (~7.5%).
Another 2 key factors come in to play when quantifying the impact of the merge:
β’ A reduction in issuance (ETH becomes a deflationary asset).
β’ A 99% decline in energy consumptions: Making $ETH more palatable from an institutional investment perspective.
β’ β’ β’
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Solana has created thousands of new millionaires this year.
But you're no longer early.
The BIG profits are made from being EARLY to a new rotation.
There are signs that BASE might be next.
π§΅: My Ultimate BASE Guide (meme coins, airdrops, altcoins & more).π
In this thread, I'll cover:
β’ What is Base?
β’ Why the Base chain is poised to grow in 2024 (and beyond)
β’ How to spot new on-chain meme coins
β’ Top opportunities on the Base chain
Let's dive in.
Firstly, what is Base?
Base is a Ethereum L2 solution, built using the @Optimism tech stack.
Base, like other L2s, scales Ethereum by making transactions faster & cheaper, whilst leveraging the security of the Ethereum mainnet.