“Sorry, Haters!” Seasoned Market Analyst Says This Bullish Catalyst Will Send Ethereum To $10,000

“Sorry, Haters!” Seasoned Market Analyst Says This Bullish Catalyst Will Send Ethereum To $10,000
фото показано с : zycrypto.com

2022-4-11 20:57

The upcoming proof-of-stake merge will have extremely bullish implications for the Ether cryptocurrency. According to independent crypto analyst Lark Davis, the upgrade could embolden the bulls to break out of range and take Ether to $10,000 highs.

ETH 2.0 Holds The Key To $10,000

2022 is set to be Ethereum’s most important year yet. Although the date is not yet known, Ethereum is preparing to complete the long-awaited Merge of the top smart contract blockchain’s proof-of-work and proof-of-stake chains, dubbed ETH 2.0. Lark Davis is confident that the so-called Merge will push the price of the native token ETH to $10,000. “Sorry haters, but it is happening!” – said Davis.

With the Kiln merge test run completed successfully in mid-March, observers believe the mainnet launch is just around the corner. The upgrade will make ether a deflationary asset thanks to the significant reduction of the amount of ETH issued and Ethereum’s EIP-1559 burning mechanism.

Additionally, the proof-of-stake (PoS) consensus protocol that ethereum will transition to, is believed to be more environmentally friendly than the current proof-of-work (PoW) system which rewards miners for solving complex computational puzzles to validate transactions on the network.

It has been a long, arduous path to get to PoS, but when the Merge finally arrives, it will be a major milestone for Ethereum as the second-largest blockchain after bitcoin becomes more secure, scalable, and sustainable than ever. It’s no wonder Shark Tank entrepreneur and Dallas Mavericks owner Mark Cuban recently posited he was “very bullish” on ethereum after the completion of the Merge.

In addition, similar to analyst Davis, former BitMEX CEO Arthur Hayes recently predicted that ETH will rally to $10,000 or more by the end of 2022. Hayes argued that ether staking will value ETH as a perpetual bond after the Merge.

ETHUSD Chart by TradingView

ETH rose 18.4% in the past 30 days, according to data from CoinGecko. In comparison, bitcoin has gained just 1.3% over the same timeframe. Ether is trading near $3,301 at press time, representing a 1.73% loss on the day.

That being said, 2022 could be the year that ethereum realizes its full potential.

Disclaimer: This article is provided for informational purposes only and should not be treated as investment advice.

origin »

Ethereum (ETH) на Currencies.ru

$ 3350.66 (-0.13%)
Объем 24H $23.299b
Изменеия 24h: -1.48 %, 7d: -3.63 %
Cегодня L: $3314.94 - H: $3432.91
Капитализация $403.663b Rank 2
Цена в час новости $ 3207.08 (4.48%)

ethereum yet year important although complete long-awaited

Источник: zycrypto.com

ethereum yet → Результатов: 126


Santander Exec Praises Blockchain Tech After $20M Ethereum-Issued Bond Redemption

Santander, the Spanish banking group, recently became the subject of a Whale Alert tweet as they redeemed their first blockchain bond on the Ethereum ledger, worth $99,000. With this announcement, there are many cryptocurrency proponents that seem optimistic about the direction of Ethereum’s price, pushing for a bullish reversal. While that reversal has yet to […]

2019-12-11 23:33


Nike Jumps in Feet First to Blockchain Tech With Patented CryptoKicks Using Ethereum

There is no launch date available for the new CryptoKicks by Nike yet. The new technology is described as an Ethereum ERC721 or ERC1155 token on the Ethereum blockchain. [/beg-green-box-list] Nike is one of the biggest names in footwear, and they have just pushed their way into the cryptocurrency industry with their newly patented shoes. […]

2019-12-11 23:22


Ethereum Booming in Preparation for Istanbul Network Upgrade

There is now just a day left before Ethereum goes through the Istanbul network upgrade. Scheduled for Saturday, December 7, this upgrade will occur at block number 9,069,000. After Byzantium and Constantinople, Istanbul is yet another long-awaited upgrade which is part of the Ethereum network’s move from proof-of-work (PoW) to Proof-of-stake (PoS). This would be […]

2019-12-7 21:00


Ethereum’s Istanbul hard fork scheduled for early December

As Ethereum 2. 0 approaches its expected deployment timeline, the community has been shedding focus on other developments within the ecosystem. While Ethereum co-founder Vitalik Buterin recently highlighted the recent change in Sharding protocol, Tim Beiko, Product Manager at PegaSys Protocol Engineering shared yet another update regarding the much expected Istanbul hard fork.

2019-10-26 20:30


Ripple Expands Into South Africa, As Xago Launches XRP Only Exchange Using RippleNet

Ripple is an ever-expanding company, owning it's own cryptocurrency, XRP. The cryptocurrency is considered one of the most prominent ones in the world, standing right next to Ethereum and Bitcoin. Xago, a South African based company, will use the RippleNet network with the aim of increasing XRP liquidity within South Africa. This is yet another […]

2019-10-10 16:38


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Ethereum Market Turns Optimistic: Funding Rates Hint At Potential $4K Comeback

Amid the broader decline in the global crypto market, Ethereum emerged as one of the major cryptocurrencies that has been impacted significantly. Despite already being underperformed in the recent bull run, Ethereum has now experienced a notable correction, dropping to as low as below the $3,500 price level in recent weeks.