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Sunday, November 28, 2021

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Domov Reddit Ethereum breaks its ATH again and it's just the beginning

Ethereum breaks its ATH again and it’s just the beginning

Etherum is currently trading at $4470. I know that this was expected to happen sooner or later, but it also clarifies those new investors who are misled by the recent wave of shitcoins hitting the market.

Why do I think that ETH2.0 will be a game-changer?

Scalability

Ethereum 2.0 upgrade will improve the network significantly. Ethereum 2.0 is expected to support 1000s of transactions per second, to make applications faster and cheaper to use, thus making the network more scalable.

Sustainability

Ethereum 2.0 is also planning to move from the current Proof of Work protocol to Proof of Stake. This upgrade will address one of the major concerns associated with energy-sensitive crypto mining and shift towards environment-friendly, greener technology.

Gas Fees

One of the major deterrents for any new investor to invest in Ethereum or make transactions on the ethereum network; is the high Gas fees. Sharding will increase the number of transactions on the network, addressing congestion issues and reducing the transaction fees.

My humble prediction for Etherum is $6000 by the end of November; what’s yours?

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