After Ethereum (ETH) reached its all-time high price last Tuesday above $ 1,400, the expectations of experts are encouraging . The futures forecasts for the second largest cryptocurrency on the market are even more promising than those for Bitcoin (BTC).
David Grider, a strategist at market research firm Fundstrat Global Advisors, suggested that the price of ETH could hit $ 10,500 after hitting its ATH by 2022 next year.
The specialist highlighted the prominence of the Ethereum blockchain in the world of decentralized finance (DeFi). In that sense, he stressed that “blockchain computing can be the future of the cloud.”
ETH’s network – according to Grider – has the potential to record transaction volumes at the Visa or Mastercard level .
After years of preparation and growing expectations, Ethereum 2.0 was finally launched yesterday at noon , the blockchain update of the second most important cryptocurrency on the market .
The update mainly consists of the introduction of a proof-of-stake consensus on the blockchain (PoS) . Until now, the network had been based on the proof-of-work consensus than Bitcoin (BTC), thus achieving greater independence.
In addition, Ethereum 2.0 comes to improve its scalability and transaction capacity, allowing the network to go from only 15 transactions per second to thousands .
Vitalik Buterin , one of the co-founders of the Ethereum Foundation , announced the success of the launch via Twitter , and joked about the message accompanying the first block of the new network.
Buterin suggested that “normal people” would expect the message of the first block to be “something deep” or refer to “giant leaps for humanity . ” However, the message was somewhat more informal: ” Mr. F was here . ”
The expert’s prediction is similar to the one made just a few days ago by American actress Lindsay Lohan, who slipped that ETH would reach $ 10,000 while BTC would climb to six figures.
While Lohan’s experience in the market is still unknown, what is known is that her promotional video for the market was made for Cameo , a website where fans pay to receive personalized videos.