ETHEREUM LAYER 2 DELAY AND OTHER UPDATES

Ethereum Layer 2 scaling solutions launch was postponed in July, and this is not good for the network because it was a solution to reduce the outrageous gas fees, but still, Ethereum coin is moving up.

Ethereum scaling solution Optimism delayed its mainnet launch till July, but this launch depends on whether the Ecosystem is ready.

Ethereum and delaying updates and launches is not a new thing because it is one of the problems the network faces because of how decentralized it is. A lot of teams have to work together, and they usually end up having to delay things.

Uniswap Version 3 with the reduced gas fees and the Layer 2 solution would have opened the door to people buying altcoins.

With the news of the Ethereum delay, Ethereum competitors went up more than Ethereum during the weekend.

Currently, Binance BNB with the Binance Smart Chain is presently solving the gas problem, which explains why BNB went wild some weeks ago.

The way Binance BNB surged is just how small capital altcoins go up but seeing a top ten do that means that there is something huge that makes people go in heavy on in.

Bitcoin tested around $51,000 on Friday but went into recovery, especially with options expiry.

There were some predictions; an analyst predicted that by Friday, $6 billion in options contracts would expire. Bitcoin's price expectation for April is high, with many investors placing their new bets on $80,000.

This is far above the current Bitcoin all-time high, and 60 thousand dollars or even 65 thousand dollars might be the conservative bet.

The crypto market will move up in general, especially if we get PayPal crypto merchant payments if they do not delay as the updates we have been waiting for are delaying.

Regardless, the crypto space is still in the green, looking bullish. A lot of people bought the dip we had yesterday.

In other news, the crypto industry is set to get its first major US stadium with Miami-Dade County approving FTX for Heat home. The deal was approved for 135 million dollars over 19 years.

Crypto.com CEL stated that the NFT craze and institutional money would bring the next 100 million crypto users. It will be very massive if a hundred million new users come into the crypto space