Lark Davis, a very popular trader and analyst in the crypto world, states that after the leading altcoin Ethereum 2.0, there will be an upward trend in this regard. According to Davis, after this upgrade in the altcoin, the Ethereum price will skyrocket to the level of 10 thousand dollars. In addition to Davis, famous billionaire Mark Cuban also shares his comments on ETH. Here are the details…
The reason why Ethereum price has reached $10,000
Lark Davis, an analyst and trader who is widely followed in the crypto market, recently made important statements about the leading altcoin Ethereum (ETH) in his posts. found. Renowned analyst Davis claims that the upcoming Ethereum 2.0 update, dubbed Merge, will be a catalyst with the potential to send the 2nd-ranked cryptocurrency by market cap to the $10,000 level.
Earlier this week, famous billionaire Mark Cuban shared a similar opinion on the leading altcoin, as did analyst Davis. However, Dallas Mavericks owner Mark Cuban adds that unlike Davis, he will be “very optimistic” about Ethereum after the implementation of Merge, which is used for Ethereum 2.0. Additionally, Cuban is known as a leading name in crypto adoption.
What will this update to the Altcoin project change?
Although the upgrade is expected this summer, no announcement has yet been made that it has been confirmed. The upgrade will enable the leading altcoin Ethereum Blockchain to switch from Proof-of-Work (PoW) to Proof-of-Stake (PoS) consensus protocol. According to market experts, this will make ETH much more green compared to Bitcoin and other cryptocurrencies using the proof-of-work protocol. ETH 2.0. After the upgrade, the energy consumption of ETH miners is expected to decrease by 99 percent and there is much less ETH to be mined, thus shrinking the circulating supply of Ethereum. On the other hand, the leading altcoin is trading at $3,235.30, down 6.89% in the past week.
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