Kingstone
Active member
The second-largest crypto coin in the world will most likely go bullish with the launch of Ethereum 2.0. Ethereum has been struggling for months to reach the new all-time high of $5000 but has seen its price value plummet below the $4,000 price mark. Of course, this fall is not limited to Ethereum alone as the biggest crypto coin has been struggling for weeks to move above the $52,000 price mark and it is currently trading below the $50,000 price mark. This has greatly affected altcoins.
With Ethereum, the launch of 2.0 has been picking up speed. It is more likely that the full ETH 2.0 will not be launched in 2022, the very least the proof-of-work and proof-of-stake chains will merge into one chain that is ethereum 2.0. While it upgraded with EIP 1559 towards the end of the summer, it caused a massive spike in the price as we saw a bullish run.
Hence, I am optimistic that the launch of ETH 2.0 will cause more excitement than before and we will witness another tremendous ride in the price of Ethereum. In the past few weeks, hundreds of millions of ETH have been burned. This means that a large percentage has been taken off the market and its availability is limited. This also means that, as time passes, this will only cause ethereum to go up further in value.
With Ethereum, the launch of 2.0 has been picking up speed. It is more likely that the full ETH 2.0 will not be launched in 2022, the very least the proof-of-work and proof-of-stake chains will merge into one chain that is ethereum 2.0. While it upgraded with EIP 1559 towards the end of the summer, it caused a massive spike in the price as we saw a bullish run.
Hence, I am optimistic that the launch of ETH 2.0 will cause more excitement than before and we will witness another tremendous ride in the price of Ethereum. In the past few weeks, hundreds of millions of ETH have been burned. This means that a large percentage has been taken off the market and its availability is limited. This also means that, as time passes, this will only cause ethereum to go up further in value.
