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Ethereum will grow a staggering 4,300%, according to an analyst

If you believe this man, ETH will hit a new record high of $ 10,000 in the next bull run.

A well-known cryptanalyst expects the price of Ethereum, the world’s leading smart contract blockchain, to skyrocket by over 4,300% from its current price of $ 226. It was “Bitcoin Macro” of this bold prediction on Twitter madeafter being asked by one of his followers to make his year-end forecast for the coin. According to him, ETH could rise to a whopping $ 10,000 in a new bull run.

Progress behind the scenes

In a recent question and answer session on Reddit, the developers working on ETH 2.0 said that they are making good progress in the background. They hope that they can start the “Phase 0” of Ethereum 2.0 by July 2020. The scientist Danny Ryan writes: “Phase 0 will certainly start in 2020. The exams are complete and the test networks are getting stronger week by week. I can’t see a way that phase 0 wouldn’t start in 2020. ”

In line with this topic:

Ethereum 2.0 is the next major upgrade to the second largest cryptocurrency by market cap. It promises important improvements such as increased transaction volume and the implementation of a proof-of-stake model that allows those who hold ETH to receive rewards for supporting the network.

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