Recently Vitalik Buterin the CEO of Ethereum has announced its upcoming project Ethereum 2.0 and it is considered as after this project Ethereum blockchain will reach the next level. In Ethereum 2.0 they are going to focus on removing the proof of work and it will be replaced by proof of stake consensus mechanism. As we all know Ethereum is the second biggest crypto in the market so it’s interesting to see what happens to ETH after the launch of ETH 2.0.
So here in this article, we will discuss more the effect of Ethereum 2.0 on the price of ETH. Also, we will see some of the key developments of Ethereum 2.0 and what to expect from them in the upcoming years. And lastly, we will have an Ethereum 2.0 price prediction.
|Year||ETH Price Prediction|
|Mid of 2020||$230 USD|
|End of 2020||$500 USD|
|Early of 2021||$600 USD|
|Mid of 2021||$800 USD|
|End of 2021||$950 USD|
- 1 What is Ethereum (ETH) 2.0?
- 2 Roadmap of Ethereum 2.0
- 3 Ethereum (ETH) 2.0 Price Prediction 2020
- 4 Ethereum (ETH) 2.0 Price Prediction 2021
- 5 Ethereum (ETH) 2.0 Price Prediction 2025
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- 7 Is Ethereum (ETH) 2.0 a Good Investment Option?
- 8 Ethereum (ETH) 2.0 Price Future Forecast
What is Ethereum (ETH) 2.0?
The Ethereum network has decided to launch its new project that is Ethereum 2.0 and the main purpose of this project is to improve the security and scaling features of ETH. At this moment Ethereum operates on Proof of work which will be changed to proof of stake (PoS) in Ethereum 2.0 and this is the biggest change that has made by ETH. As per the roadmap of ETH 2.0, they are going to use the Beacon chain and it will get start implementing from the second phase. For the investors who are having more than 32 ETH sharding is going to introduced and it will be part of staking.
After this change in the algorithm, block awards will get implemented instead of mining competitions. Also from onwards, the ETH rewards will be given based on wealth and luck for miners in place of hash power. Also, miners will become forgers after this change of algorithm. To keep away the hackers from controlling the network Casper protocol is set. So if you want to increase the chances of receiving some block rewards then you must have more Ethereum and make more transactions.
Everyone knows that, if the cryptography of any cryptocurrency is changed then it will make an impact on their transaction, and Ethereum is no exception to this.
Roadmap of Ethereum 2.0
The actual project of Ethereum was started early in 2015 and finally, now it has reached its final stage of completion. So at this moment, we are at the last stage of development which is also known as Serenity. This update process is supposed to be completed until the end of 2021.
|Frontier||Network building started|
|Metropolis||A hard fork of Constantinople and Byzantium|
|Serenity||Last phases of development|
Ethereum (ETH) 2.0 Price Prediction 2020
In Ethereum 2.0 the main focus will be on improving the current transactional system that blockchain has. So to improve all these things they have to increase the transfer speed, increase smart contracts, and in the end maximize its users. So if all these things implemented properly then ETH 2.0 project will help Ethereum to grow faster in upcoming years.
Apart from PoS, there are many interesting updates available in Ethereum 2.0 and these updates will make them more secure. In this update, they are going to cut the large database into small pieces so it becomes more easy and manageable which is also known as sharding. Also for handling a large number of transactions they have introduced off-chain solutions. And finally, they have brought something for executing code faster.
From April the second quarter of 2020 has started and during this phase, we will see a big surge in the Ethereum. At the start of April 2020, the price of Etereum was $130 and just within a few weeks, it has reached $198 with a growth rate of 41%. And all this is just because of the latest updates from the ETH. As per the experts Ethereum 2.0 Price Prediction this crypto will cross the mark of $500 till the end of this year 2020.
|Month & Year||ETH Price Prediction|
|May 2020||$250 USD|
|June 2020||$310 USD|
|July 2020||$340 USD|
|August 2020||$390 USD|
|September 2020||$420 USD|
|October 2020||$450 USD|
|November 2020||$480 USD|
|December 2020||$510 USD|
Ethereum (ETH) 2.0 Price Prediction 2021
The updates of Ethereum 2.0 are going to be conducted in the three phases, in the initial phase i.e. in the first phase shard chain will be converted to beacon chain. After completing the first phase the second phase will get a start and in the second phase, the beacon chain will be broken down to small pieces. And in the last and the most important phase where actual implementation will be done and this process will be very time consuming this may complete at the end of 2021. After these updates, the speed has increased tremendously and as per the recent reports at this moment just within 12 seconds, 64 shards can be created.
The first two phases of ETH 2.0 are running at this moment it will continue till the end of 2020 and surely this will give Ethereum more stability. In the last phase where the actual execution will take place and during this phase the prices of ETH will touch to the moon. And as per the experts Ethereum 2.0 Price Prediction 2021 it will reach to $ 800-$900 USD
Ethereum (ETH) 2.0 Price Prediction 2025
The Ethereum price in the upcoming time will be completely dependent on the response they get from the market after the completion of ETH 2.0. But there are still some chances that the miners are not happy with these updates and they will not work with these updates. Even after such big updates, the fact is that still many of the cryptocurrency depends on the Bitcoin. If the price of bitcoin goes up then prices of most of the cryptocurrency go up and vice versa. So it’s really hard to predict the future of Ethereum at this stage.
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Despite all these things, few things still grab the attention of most of the investors and after the ETH 2.0 update, the followers of Ethereum have grown. Suddenly the market price of ETH is surging up day by day and that’s a good thing for all the investors. According to the market experts Ethereum 2.0 Price Prediction 2025 this coin has a very bright future and their prices may touch to $1500 by the end of 2025
|Month & Year||ETH Price Prediction|
Is Ethereum (ETH) 2.0 a Good Investment Option?
As Ethereum is the second-largest crypto as per the market cap so there is no doubt that it is a good investment option. Also after all these updates, ETH starts getting better day by day. This coin has very high potential to become the best crypto of the market and as its price will be very high in upcoming years so this is the right time to invest.
Even if you have any doubts or questions over the credibility of Ethereum then after reading the following crucial information all your doubts will get clear.
Pros of Ethereum (ETH) 2.0
- After introducing the Proof of Stake in the recent updates the investors of this crypto have grown instantly and ETH is going to reward a block to their users for holding ETH in their wallet. This will surely help ETH to get stabilize in the market and its prices will start to grow.
- For sure eWASM and Sharding will boost the transaction speed which will make blockchain more efficient. As the transaction per second is increasing this will encourage many investors and traders to hold their coin for a long time.
- As the payment validation of Proof of Stake will get faster compared to the previous version. And automatically all these things will increase the value of the Ethereum network also if a coin gets a positive response then this will also add value to the ETH Blockchain.
- The users who were not participating in the mining process before this update will also become forgers. And indirectly the coin holders of Ethereum will start increasing steadily
Cons of Ethereum (ETH) 2.0
- Even though many of the market experts consider Ethereum 2.0 as next-generation crypto but it has brought many problems with them. After the updates, the users will get rewards for just holding the coins instead of mining and this thing will make users lazy. Users will just try to hold the coin and try to get more rewards this will reduce the activity in the market.
- From this update, the miner is also not much happy and they are protesting against the PoS. So it’s not finalized yet whether to implement it or not. And if the miner decided to oppose this thing then Ethereum will get crash and its price will also start dropping.
Ethereum (ETH) 2.0 Price Future Forecast
At this moment the market capitalization of Ethereum is worth around $50 million and it has grown near 30% and as per the experts, this value will reach 50% in the upcoming time. And if it happens then Ethereum will get closer to the market cap of Bitcoin which is a big achievement for ETH. In the upcoming years, many other cryptos will try to compete with ETH and will develop a similar kind of technology.
It is considered as ETH 2.0 is nothing but the second run for Ethereum and if it gets a good response from the investors and traders. Then in the upcoming time, ETH will give tough competition to Bitcoin. So in upcoming years, we are going to have the next version of cryptos with high security and scalability.