Ethereum is planning its next promotional move to attract more investors
Ethereum has become very popular as one of the most popular cryptocurrencies, posing great competition to Bitcoin. At a time when Bitcoin was the face and heart of the crypto market, Ethereum jumped up and became the second largest cryptocurrency. As the world is busy adopting Bitcoin as legal tender, Ethereum is still the second best, and probably soon the best. This growing competition among all cryptocurrencies has led ETH to invent some of the most profitable services in the world. cryptocurrency. Since its launch in 2015, Ethereum has grown tremendously and also faced several large price fluctuations lately, but the differentiating factor between Bitcoin and Ethereum is that the latter enables developers to create and power new tools, applications, smart contracts and NFTs. This blockchain-based software network has many uses and applications in the world of technology, especially for games, music, entertainment and DeFi, making it one of the most popular and widely used cryptos. in 2021. But even after this growth and development, Ethereum’s creators want to attract more investors. Therefore, they planned to release the Ethereum movie. Recently, the company revealed that it had cast “Blade Runner” director Ridley Scott to direct the Ethereum movie. But is there any particular reason why they specifically directed Ridley Scott?
Legendary filmmaker Ridley Scott will bring the story of Ethereum to the big screen, through his own production company, Scott Free Productions. According to reports, the film will be written and directed by Shyam Madiraju. In addition, the film will be partially financed by a community treasurer, via a Decentralized Autonomous Organization (DAO), and with traditional financing strategies. The ETH movie is called “The Infinite Machine” and aims to become the first mainstream cryptocurrency feature film, leveraging Ethereum technology and NFTs to fund its production and turn its audience into a community. While the initial intentions of releasing the film are quite clear, which is to attract more investors and grow its community, questions arise around the intentions of Vitalik Buterin and his team. Due to this, the ETH token is currently facing adverse downturns, is this a move to improve the growth trends of the crypto, or is it to hide the fact that the ETH upgrade 2.0 is massively delayed, and the news of the first crypto movie is another step to satisfy investors’ questions about the next stage of the upgrade.
Ethereum’s Promotional Attempt Could Actually Help Its Bright Future
According to reports, the annual return on investment of Ether is 300%, which means that early investors have almost quadrupled since their first investments in ETH. But crypto prices are quite volatile. Financial experts have always suggested investing only when they can afford to lose, but sometimes investors get too enthusiastic about their investments and lose millions of dollars worth of investments due to their one wrong move. .
Ethereum prices are expected to rise well beyond $4,000 by the end of 2022. If ETH developers manage to roll out ETH 2.0 by the stipulated date, alongside the release of the movie, the crypto could actually become a huge hit in the first quarter of 2023 and will have a great chance of overtaking Bitcoin, to become the largest cryptocurrency in the world.
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