“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 »

Bitcoin price in Telegram @btc_price_every_hour

Ethereum (ETH) на Currencies.ru

$ 2069.27 (+0.30%)
Объем 24H $7.017b
Изменеия 24h: 0.70 %, 7d: 3.09 %
Cегодня L: $2062.34 - H: $2069.71
Капитализация $249.743b Rank 2
Цена в час новости $ 3207.08 (-35.48%)

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


Фото:

Crypto Scores Big As Major European Soccer Team Accepts Bitcoin and Ethereum

Crypto has scored yet another major milestone. Benfica, a major European soccer club, has become the first team in Europe to accept cryptocurrencies as a form of payment for its online sales. Crypto payment solution UTRUST announced on June 5 a partnership with Benfica that allows fans to buy tickets and merchandise online using Bitcoin […] Crypto Scores Big As Major European Soccer Team Accepts Bitcoin and Ethereum was originally found on Cryptocurrency News | Tech, Privacy, Bitcoin & Blockchain | Blokt.

2019-6-10 16:19


Ozinex ICO

OZINEX is a global cryptocurrency exchange platform. It will form a new innovative platform to trade Bitcoin, Ethereum, Litecoin, EOS and other popular cryptocurrencies and tokens. Users will receive expert analysis of the current state of coin and token pairs, and they’ll be able to withdraw their money easily and receive alerts for scam cryptocurrencies.

2019-5-22 12:12


Фото:

Prominent Analyst: Bitcoin (BTC) Bull Season 99% On, Yet Price Could Stumble In The Short-Term

Bitcoin Is (Almost) Confirmed To Be In A Bull Run Bitcoin is back. While BTC has slowed over the past 12 hours, falling to $7,700 after a rally to $8,350 on Coinbase, the market still... The post Prominent Analyst: Bitcoin (BTC) Bull Season 99% On, Yet Price Could Stumble In The Short-Term appeared first on Ethereum World News.

2019-5-15 03:40


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Ethereum Price Falls Below Psychological $2,000 Support — What Next?

After a show of resilience over the past few weeks, the Ethereum price finally gave way, falling below the $2,000 level for the first time since March 10th. The “King of Altcoins” succumbed to the downward pressure that spread across the global financial markets on Friday, March 27th, as the geopolitical tensions in the Middle East rage on.

Ethereum Activity Soars: Active Addresses Set New Record

Data shows the Ethereum network has recently set a new all-time high (ATH) in the Active Addresses indicator, suggesting elevated user activity. 30-Day MA Of Ethereum Active Addresses Has Reached A New ATH As highlighted by CryptoQuant community analyst Maartunn in an X post, the Ethereum Active Addresses has set a new record in its […]

Pundit Who Predicted Ethereum Price Bottom Reveals What To Expect Next

A recent rebound in the Ethereum price has brought renewed focus to an analyst who accurately identified its local bottom. With price now recovering sharply from that region, the same market watcher has outlined the next key levels that could determine Ethereum’s direction in the coming weeks.

The 8-Year Ethereum Convergence That Says An Altcoin Season Stronger Than 2021 Is Coming

A crypto analyst has identified an eight-year convergence pattern on the Ethereum (ETH)-Bitcoin (BTC) trading pair chart, suggesting it could signal the long-awaited onset of an altcoin season. Although rumors of an altcoin season have circulated in the crypto space since before 2025, such a phase has yet to materialize, underscoring the persistent volatility in alternative cryptocurrencies throughout this bull market.